Republic Protocol Price in India (REN)

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. 

• Ren cryptocurrency employs Shamir secret sharing technology to keep private keys inside the RenVM network concealed, even from the Dark Nodes. 
• It contains an algorithm that enables the developer’s code to run without informing about inputs or outputs. This function is known as sMPC.
• It runs large trades with negligent market impact and price fluctuation.
• The RenVM employs a consensus mechanism designed to complete transactions at a fast speed. 

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. 

• The primary purpose of the Ren coin is to act as a way for operating a dark node.
• People purchase Ren as an unpredictable investment. 
• You can use it to move cryptocurrency into Defi applications like Curve Finance, MyEtherWallet, and KeeperDAO. As a result, they can earn on crypto that would have been lying idle otherwise. 
• Defi helps integrate RenVM to profit from speedy transfers, liquidity, cross-chain OTC trading, etc. 

Pros

• Interoperable:

  Ren gives its investor the advantage of interoperability between new and existing smart contracts and runs it on any blockchain.

• Easy Operation:

  The interoperability feature does not require any previous knowledge.

• Don’t Require History:

  Here, users don’t require notable transactions or special wallets.

• Complete Privacy:

  Secret scenarios enable secure transactions for large amounts.

Cons

• Not Strong Market:

  The Internet market is not so strong.

• Needs Multiple Miners:

  To facilitate significant volume transactions, it requires multiple miners.

• You can carry Ren exchange on CoinSwitch with zero fees.
• Here you will get the best rate for ren coin, which you can buy using a credit card with just a click of buttons.
• It is based on a simple design so you can buy, sell and trade Ren currency effortlessly.

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.