Ren or Republic Protocol is a decentralized dark pool used by investors to trade in sizable digital asset volumes. Its protocol is designed in a way that allows people to interoperate. In other words, people can transfer cryptocurrency across every blockchain.
You can now use these new ERC-20 coins in DeFi products for portfolio management, trading, lending, and borrowing. Additionally, it lets investors lock crypto into Ren software and mine tokens as RenBCH, RenBTC, RenZEC in an equal ratio on Ethereum.
At the beginning of this year, the Ren price was equal to $0.335. Further, according to Ren’s forecast, it is expected to keep on rising for an extended period. The price prognosis states in 2025, it will stand at $5.
Ren gives its investor the advantage of interoperability between new and existing smart contracts and runs it on any blockchain.
The interoperability feature does not require any previous knowledge.
Here, users don’t require notable transactions or special wallets.
Secret scenarios enable secure transactions for large amounts.
The Internet market is not so strong.
To facilitate significant volume transactions, it requires multiple miners.
Republic Protocol carried an ICO in Feb 2019 for $35MM and sold about 60.2% of its fixed supply. The average Ren coin price was about 0.05 USD, both in presale and public sales.
At the same time, the remaining 39.8% of Ren was set aside for advisors, team, and community, with a part of Ren vested in between six months and two years.
CoinSwitch is the best platform to buy Republic Protocol as it offers the best price for its users.
Ren is an open-source protocol that works on a decentralized node without revealing information. It is carried out by dividing the order into multiple codes then assigning it across the network.
Firstly, you have to create an account in any exchange platform you like, then buy ren coin using UPI, RTGS, NEFT, etc. The exchanges are most probably to support bank transfer and card facilities. Now, make payment.
The market cap of Republic Protocol stands at 14,650,565 USD.
CoinSwitch, India’s largest crypto exchange, is a safe and reputed investment platform. In keeping with its mission to “Make Money Equal for All,” the company prioritizes quality in its product and the safety of all stakeholders.
Cryptocurrencies have emerged as an attractive investment option in recent years, capturing the imagination of investors despite their high volatility.
A simple explainer can be a pretty rare thing in a realm as complicated as the cryptosphere. That’s what we are here to change—one article at a time.
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.
Ren or Republic Protocol is a decentralized dark pool used by investors to trade in sizable digital asset volumes.
100 Cr. REN
62% Buy 38% Sell
We're here to help! Speak to our 24/7 customer support team anytime!Connect Now