Republic Protocol

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Republic Protocol ()

13

greenIcon-1.74

Price Changes

-0

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24h Low

24h High

Reasons to Buy Republic Protocol

  • It is an ERC-20 standard token.
  • It held an ICO, which gained a massive $34 million.
  • It provides a better rate of transactions per second. 
  • It has a maximum supply of 1 billion Republic Protocol coins.

Republic Protocol was founded in the year 2017 by its CEO, Mr. Taiyang Zhang. In 2018, REN was first announced to be a dark pool decentralized exchange project. Dark Pool is an exchange where assets are first matched and then traded on a private order book. It is a decentralized blockchain network that facilitates separate OTC(over-the-counter) trades of digital assets on a hidden order book. It is a complex platform that has multiple use cases. It is ultimately designed to surmount barriers to entry and investment for Decentralized Finance (DeFi) projects. 

 

Republic Protocol has its native utility token as REN, used for providing incentives.

Things to consider before buying Republic Protocol

  • It is an open-source platform providing transparency to its users. 
  • It allows DeFi projects to bring in foreign crypto assets such as BTC.
  • It provides a platform to swap tokens of two different crypto blockchains without any intermediate steps.

FAQ's

Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.