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REN
REN
0.1132
-1.05%
20167.7 0.56%
46.31 -0.69%
0.2758 -0.58%
0.0666 0%

Should You Invest In REN?

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66,380 REN positions opened on eToro

Ren is an open protocol used for transferring cryptocurrencies within blockchains. Its aim is to facilitate the movement of digital assets around a multi-chain decentralised finance ecosystem. The system integrates into existing infrastructure and claims to be 100x faster than atomic swaps, allowing users to access tokens from any blockchain using existing smart contracts without the need to wrap or unwrap tokens. REN is the protocol’s native cryptocurrency. Ren was founded in 2017 by Taiyang Zhang, and in 2018 completed a $34mn initial coin offering (ICO). There is a maximum supply of 1bn REN tokens. In 2020 Ren launched its virtual machine mainnet, RenVM, with REN tokens functioning as a bond for those running nodes that power RenVM, commonly known as Darknodes. Ren is a complex platform, but its ultimate aim is to simplify investment in DeFi projects, overcoming common barriers to entry. Find out more about the current value of REN tokens here on eToro.

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