1W
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REN (REN)

REN Price
$1.0947
1.64%
Market Cap
$964.60M
1.64%
Volume
$1.05B
-52.11%
Transp. Vol.
34%-56.80%
Grade
A gradeA grade
Rank
#78

REN / REN Price

(1 week)
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REN Weekly Performance

Today's REN price is $1.0947, which is up 2% over the last 7 days. REN's market cap is $964.60M. 1 week REN volume is $1.05B. It has a market cap rank of 78 with a circulating supply of 881,153,019 and max supply of 1,000,000,000. REN is traded on exchanges. REN had an all-time high of $1.7237 17 days ago. Over the last week, REN has had 34% transparent volume and has been trading on 190 active markets with its highest volume trading pairs being .

REN Data Highlights
REN Price (1wk)$1.0947 (1.64%)
Market Cap$964.60M (1.64%)
Trading Volume (1wk)$1.05B (-52.11%)
Transparent Vol. (1wk)
$353.83M34% (-56.80%)
Transparency GradeA gradeA grade(Transparent)
Circulating Supply881,153,019 (88.12%)
7D Price Prediction
N/A
1st 1D CandleFeb '18
1st TradeFeb '18
1st OrderbookDec '18
Exchanges80
Trading Pairs190
Updated1 minute

REN Statistics

Price

$1.0947
Price Change
$0.017715 (1.64%)

All-Time High

$1.7237
Date of ATH2/19/2021
Days Since ATH16
% of ATH63.51%
Price vs ATH

Market Cap

$964.60M
Mkt Cap Change
$15.61M$15,609,551 (1.64%)
Mkt Cap Rank78
Mkt Dominance<1%
Mkt Dominance

Circulating Supply

881,153,019
Max Supply1,000,000,000
% in Circulation88.12%
% in Circulation

Volume

$1.05B$1,046,772,830
Vol. Change
-$1.14B-$1,138,820,922 (-52.11%)
Exchange VolumeUnknown

Transparent Volume

34%
Transparent Volume (Δ)
-56.80%
Transparent Volume
A - 34%
C - 58%
D - 8%
? - <1%

About REN

The REN project is a natural extension of the Republic Protocol, decentralized dark pool trading protocol, which provides its users with the decentralized exchange services. Republic Protocol was created in 2017, merging blockchain technologies with the Wall Street infrastructure. In late September 2018, the project’s team officially launched RenEx, their own official dark pool, the world’s first decentralized dark pool exchange designed for cross-chain trading (BTC, ETH, and other ERC20-compatible tokens).

On January 18, 2019, Taiyang Zhang, the project CEO, announced the project's rebranding. The new name of the project is Ren. REN is an ecosystem for building, deploying, and running applications. Its key feature is that all application inputs, outputs, and state stay secret even to the users operating the network.

RenVM and Darknodes

REN is based on RenVM, a decentralized virtual machine for performing decentralized operations without revealing information to the users or to the Darknodes which power it. RenVM replaces third-parties and provides absolute secrecy and correctness.

Darknodes are a very important element of the REN ecosystem. These are the physical machines that power RenVM and provide the system with storage space. The total number of Darknodes cannot exceed the upper limit of 10,000 nodes. Darknode owners receive the fees for their services. Any user may join the network and register a Darknode. In order to do that, they have to stake 100,000 REN tokens as collateral which is necessary to avoid the forging of a big number of identities.

REN token

REN is a utility token based on the ERC-20 standard. REN plays an important role in the project’s economics. According to Ren’s official information, this token has two basic functions. Firstly, traders must pay fees in REN making an order. Each node that takes place in the process gets a percentage of the order fee, so it is a tool for node owners’ motivation. And secondly, REN is used as a bond which traders and nodes must pay to the Registrar, Ethereum smart contract that organizes nodes into a network structure. The ICO comprised of two stages. The private sale took place in January 2018 and the crowd sale started and ended on February 3, 2018. The team managed to raise the hard cap of 34 million USD in less than 24 hours. Some of the largest investors included Polychain Capital, FBG Capital, Signum Capital, HyperChain Capital, Huobi Capital, etc. The total token supply is 1,000,000,000. The tokens were distributed in the following way: 60.2% were sold during presale and main sale, 19.9% remained as a reserve, 9.9% were held by founders, team, and advisors, 5% were committed to an early partnership, 5% were intended to community development and partners. REN token is not a mineable coin; it can be purchased on OKEx, HADAX, IDEX, Liqui, and some other exchanges. As it is an ERC20 token, it can be stored on any ERC20 compatible wallet, e.g. MyEtherWallet, Mist, MetaMask, Coinomi, and Parity.

REN Team and Partners

REN (former Republic Protocol) is a Singapore-located company. This is the first blockchain and digital asset project of its co-founders, Taiyang Zhang (CEO) and Loong Wang (CTO). Before founding Republic Protocol, Taiyang was a founding partner of Virgil Capital, and Loon Wang was a software developer at Neucode and a researcher at Australian National University. Some other members of the team are Susruth Nadimpalli (Blockchain Developer), Noah I (Software Developer), Yunshi Sun (Software Developer), etc. The company is active in terms of partnerships. They cooperate with Wyre, a blockchain international remittance company. TrueUSD, the world's first legally backed stablecoin, is integrated with RenEx to benefit the RenEx user base. BitGo (a digital asset trust company and security company) and Kyber Network (on-chain liquidity protocol) are Ren’s partners in the WBTC project, an ERC20 token backed 1:1 with Bitcoin.

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REN Markets

(Top 10)
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REN Historical Data

(Past 7 Days)
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Frequently Asked Questions

  • What’s the current REN price? How much is 1 REN worth?

    The price of 1 REN is $1.0947. Over the last 24 hours, a REN is worth 4.83% more. Go here to convert REN prices to currencies other than USD.
  • When did REN start?

    The earliest trading data for REN is on February of 2018 (based on current exchange data).
  • How high can the REN price go?

    REN’s price has gone as high as $1.7237 (which is REN’s all-time high). It achieved this price 17 days ago. Speculations abound for how high REN’s price will get in the future.

Today's REN / REN News for March 7, 2021

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