$ 0.0000000

Market Cap Volume Last Trade

REN Details

Built On Launch Date Proof Type Max Supply Circulating Supply Website
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Platform Block Reward Block Time Block Number Net Hashes Per Sec REN
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REN (REN) price today is $0.0000000 USD. Trading volume was 0.00 REN in the last 24 hours. Current market cap of REN is $0 USD. REN has a circulating supply of 0 REN coins out of a maximum supply of 0 REN coins.

An In-Depth Look at Ren (REN)

What is Ren (REN) and how does it work?


Ren (REN) is an open protocol developed to allow users to move digital assets from one blockchain to another. It was launched on February 21, 2018, and aims to bring interoperability to decentralized finance (DeFi). Ren provides a fully decentralized, permissionless, and trustless bridge between various blockchains, which currently includes Bitcoin, Bitcoin Cash, and ZCash to Ethereum and Polkadot.

Technical Aspects

Ren operates through the RenVM, a decentralized virtual machine. This virtual machine replaces the role of middlemen with a network of decentralized nodes to enable the direct transfer of assets from one blockchain to another. This process ensures that the digital assets remain secure throughout the entire process.

The RenVM uses a network of "Darknodes" to process transactions across different blockchains. Darknodes earn rewards in Ren tokens for their work. The Ren token (REN) is an ERC-20 token used as a bond for those running Darknodes, and to pay for transaction fees within the network.

Ren's unique feature is its ability to execute secret scripts inside a protected environment. This means private keys can move funds without revealing themselves. This is achieved through secure multi-party computation which keeps the data hidden among the nodes, preventing any single node from revealing the data.


The Ren project was founded by Taiyang Zhang and Loong Wang. Taiyang Zhang, who serves as the CEO, has a background in investment banking, while CTO Loong Wang is a software developer with a keen interest in blockchain technology and cryptocurrency.

The team is backed by a number of notable investors, including Polychain Capital, FBG Capital, Huobi Capital, and Limitless Crypto Investments. The project also received early support from the Australian blockchain community, which helped it gain recognition and establish partnerships in the crypto industry.

Use Cases

Ren allows users to bring Bitcoin, Bitcoin Cash, and ZCash into the Ethereum and Polkadot ecosystems. This allows these assets to be used directly with Ethereum's smart contracts and Polkadot's multi-chain architecture, creating a more seamless and interconnected blockchain ecosystem.

One of the main use cases for Ren is in Decentralized Finance (DeFi). DeFi applications can use Ren to include Bitcoin in their dApps, which allows users to lend, borrow, or earn interest on their Bitcoin holdings.

Ren is also used in decentralized exchanges (DEXs) and over-the-counter (OTC) trading. It allows traders to move large volumes of assets between different blockchains quickly and privately, without the need for an intermediary.

Future Development

Ren continues to focus on expanding its cross-chain liquidity capabilities and interoperability. The team plans to add more digital assets and expand to additional blockchains, focusing on those that can bring substantial liquidity to Ren.

The team is also working on improving the RenVM by making it more scalable, secure, and decentralized. They plan to achieve these goals through various initiatives such as sharding and fee burning.

Overall, Ren is a promising project in the blockchain space with a strong team and a clear vision to improve the interoperability and liquidity of digital assets. As the demand for decentralized cross-chain solutions continues to grow, it is expected that Ren will continue to play a significant role in this space.

How Does Ren (REN) Make Money?

Ren (REN) is a unique cryptocurrency that operates on a protocol known as RenVM. This technology allows the cryptocurrency to make money in a variety of ways. Let's delve deeper into understanding the mechanisms through which Ren generates income.

Transaction Fees

One of the primary ways Ren makes money is through transaction fees. When Ren tokens are used for cross-chain liquidity, a small fee is imposed on the transaction. This fee is a percentage of the total transaction value, and it is distributed to Ren’s 'Darknodes'. These are nodes that contribute to the network's security and functionality.


Ren also generates funds through bonding. To run a Darknode, operators must bond 100,000 REN tokens. Bonding is the process of locking up a certain number of tokens for a specific period. The bonded REN tokens are incentives for the Darknodes to perform their tasks honestly and efficiently. If a Darknode behaves maliciously, its bonded tokens are slashed. This way, Ren ensures network security while generating funds.

Yield Farming

Ren also makes money through yield farming. This is a relatively new concept in the crypto world, where users lend their crypto assets to others in exchange for interest. Ren uses its protocol to enable the transfer of tokens between different blockchains. This service is especially beneficial for yield farmers who can leverage Ren's interoperability to earn interest on different blockchains.

How Can I Make Money with Ren?

Making money with Ren involves several strategies that can be fruitful, depending on market conditions and individual investment goals. Here are some ways to profit from this cryptocurrency.

Buying and Holding

One of the most straightforward ways to make money with Ren is simply to buy the REN token and hold onto it. If the value of the token increases over time, you can sell it at a higher price and make a profit. However, this strategy requires patience and a good understanding of the cryptocurrency market.

Running a Darknode

If you have the technical know-how and are willing to invest a substantial amount in the network, you can run a Darknode. As mentioned earlier, Darknode operators must bond 100,000 REN tokens to start. In return, they receive transaction fees as rewards. However, running a Darknode is not a guaranteed way to make money. It requires upkeep, and there are risks associated with the potential slashing of bonded tokens.

Yield Farming

If you're more active in your investment strategy, you might consider yield farming with Ren. By lending your REN tokens to others, you can earn interest. Ren's protocol allows for seamless cross-blockchain liquidity, making it an excellent choice for yield farming across multiple blockchains.


Lastly, a more advanced way to make money with Ren is by trading it. This involves buying and selling REN tokens based on market trends and price fluctuations. It's important to note that trading involves significant risks and requires a deep understanding of the cryptocurrency market.

In conclusion, Ren (REN) offers various ways to make money, both for the network and its users. While the network benefits from transaction fees, bonding, and yield farming, users can profit from buying and holding, running a Darknode, yield farming, and trading REN tokens. However, as with any investment, it's crucial to research thoroughly and understand the risks involved before diving in.

How Can I Buy Ren (REN)?

The process of purchasing Ren (REN) involves a few key steps, guided by user-friendly platforms such as Binance. Here's a breakdown to help you navigate the process.

Create an Account on Binance

Firstly, you'll need to create an account on a cryptocurrency exchange platform. Binance is one of the most commonly used platforms due to its user-friendly interface and wide range of supported cryptocurrencies, including Ren. To create an account, visit the Binance website and click on the 'Register' button. Fill in your details and follow the prompts to complete your registration.

Verify Your Account

For security reasons and in compliance with regulatory requirements, Binance requires all users to verify their accounts. This involves submitting a few personal details and documents to prove your identity. The process is simple and instructions are provided on the platform.

Secure Your Account

Once your account has been verified, it's important to secure it. Make sure to set up two-factor authentication (2FA) to add an extra layer of security. This usually involves linking your account to your mobile device and requiring a unique code each time you log in.

Deposit Fiat or Cryptocurrency

Before you can buy Ren, you need to deposit funds into your Binance account. You can do this by transferring fiat currency (like USD, EUR, etc.) from your bank account or by depositing cryptocurrency from another wallet. Binance offers a variety of methods for depositing funds, so choose the one that suits you best.

Buy Ren (REN)

Now that you have funds in your account, you can proceed to buy Ren. Navigate to the markets section on Binance, search for Ren, and select the pair you want to trade (e.g., REN/USD if you deposited USD). Enter the amount of Ren you want to buy and click on the 'Buy' button.

Store Your REN in a Secure Wallet

After purchasing Ren, it's recommended to store your coins in a secure wallet rather than keeping them on the exchange. This reduces the risk of loss due to potential security breaches on the exchange. You can choose from a variety of wallets, with options for software and hardware wallets available.

For a more detailed guide on how to buy REN, you can visit this page.

What are the Best Wallets for REN?

When it comes to storing Ren (REN) securely, choosing the right wallet is essential. Here are some of the best wallets for Ren:

  • Trust Wallet: This is a mobile wallet that supports a wide range of cryptocurrencies, including Ren. It's known for its user-friendly interface and high level of security.

  • Ledger Nano S: A hardware wallet, the Ledger Nano S offers one of the highest levels of security for storing your Ren. It stores your private keys offline, making it virtually immune to hacking attempts.

  • Trezor: Another reputable hardware wallet, Trezor offers robust security features and supports an extensive range of cryptocurrencies, including Ren.

  • MyEtherWallet (MEW): As an Ethereum-based token, Ren can also be stored on MEW, a popular software wallet for Ethereum and ERC-20 tokens.

Choosing the best wallet for your Ren depends on your specific needs and preferences. Consider factors such as security, ease of use, and compatibility with Ren when making your choice.

How Can I Find More Ren (REN) News?

If you're interested in staying up-to-date with Ren (REN), there are several resources you can utilize. These include the official Ren website, the Ren whitepaper, the Ren Twitter account, and the Ren subreddit.

Ren Website

The official Ren website is the most reliable source for the latest updates about Ren (REN) cryptocurrency. It provides comprehensive information about the project, including the concept, technical aspects, and the team behind it. Visit the website regularly to get the most accurate and recent news about Ren.

Ren Whitepaper

The Ren whitepaper is a detailed document that explains the overall vision and technology of the Ren project. It's a must-read for anyone who wants to understand the technicalities and future plans of the Ren (REN) cryptocurrency. The whitepaper is available for download on the official Ren website.

Ren Twitter

Ren's official Twitter account is another great resource for news and updates. The account regularly shares important announcements, developments, and community engagements. Following this account can help you stay informed about the latest happenings in the Ren ecosystem.

Ren Reddit

Reddit is a popular platform for cryptocurrency discussions. The Ren subreddit is a community-driven platform where users share news, insights, and discussions about Ren (REN). It's a great place to interact with other Ren enthusiasts and keep up with the latest trends and updates.

Coins Similar To Ren (REN)

Several other cryptocurrencies operate in the same or similar domains as Ren (REN). These include Kyber Network Crystal v2, Bancor, STASIS EURO, and QuarkChain. Here's a brief introduction to each:

Kyber Network Crystal v2

Kyber Network Crystal v2 is a blockchain-based liquidity protocol that allows decentralized token swaps to be integrated into any application. It offers a new standard for decentralized exchanges and makes it possible for a wide variety of ecosystems to interoperate seamlessly. For more information, visit the Kyber Network page.


Bancor is a blockchain protocol that enables users to convert different digital tokens directly instead of exchanging them on cryptocurrency markets. The Bancor protocol offers a mechanism for creating intrinsically tradable tokens. These smart tokens can be bought or liquidated for their base currencies at any time, regardless of their trading volume. Learn more about Bancor on its page.


STASIS EURO is a stablecoin that is pegged to the Euro. It combines the benefits of blockchain technology with the reputation and relative stability of the euro. It's an excellent choice for those looking to maintain the stability of their assets while taking advantage of the benefits of the digital economy. Visit the STASIS EURO page for more details.


QuarkChain is a high-capacity peer-to-peer transactional system that aims to achieve millions of transactions per second (TPS). It's designed to provide a secure, decentralized, and scalable blockchain solution to deliver high on-chain transaction capacity. For more about QuarkChain, check out its page.

REN Markets

Rank Exchange Country Coin Types Fees Trade
1 US 241 Currencies including REN 1,49% > 3,99% More info
2 Cayman Islands 366 Currencies including REN 0,10% More info
3 Singapore 531 Currencies including REN Varies More info
4 British Virgin Islands 339 Currencies including REN Varies More info

REN Price Chart