Buy Ren
What is Ren?
Ren is a distributed network that enables the movement of value between blockchains. It is designed to facilitate interoperability and cross-chain transactions, enhancing the accessibility of decentralised finance (DeFi).
How does Ren work?
Ren works by using RenVM, a decentralised virtual machine that employs secure multi-party computation (sMPC) and Byzantine Fault Tolerance (BFT) to enable secure, privacy-preserving transfer of assets between blockchains. It allows digital assets to be converted and moved across different blockchain ecosystems without intermediaries.
What are the potential use cases for Ren?
Ren enables various use cases, including:
- Decentralised finance (DeFi) applications: Allowing for the integration of non-native cryptocurrencies into DeFi platforms by converting them into network-compatible equivalents.
- Cross-chain liquidity: Facilitating liquidity between different blockchain networks without requiring an intermediary.
- Private and trustless exchange: Providing a platform for private and trustless cross-chain cryptocurrency exchange.
- Over-the-counter (OTC) trading platforms: Supporting private transactions and large-scale trades between parties.
What is the history of Ren?
Ren was initially founded as Republic Protocol in July 2017 by Taiyang Zhang and Loong Wang, headquartered in Singapore. It launched as a decentralised dark pool for cryptocurrency trading in January 2018. The protocol evolved to introduce cross-chain asset transfer capabilities, leading to the launch of RenVM in May 2020 after a $34 million ICO. Over time, Ren has developed towards establishing a DAO and strengthened its technological features to support decentralised interoperability.
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Frequently Asked Questions (FAQs)
What is the current price of Ren (REN)?
The Ren price is $0.04776541 AUD, representing a -0.02% from the day prior.
Where is the best place to buy Ren (REN) in Australia?
The best place to buy Ren (REN) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Ren (REN) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Ren (REN)?
The trading volume of Ren (REN) is $3.9M AUD in the last 24hrs, representing a -0.02% from the day prior.
How can I buy Ren (REN)?
Ren (REN) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Ren (REN)?
The current market cap of Ren (REN) is $48.6M AUD.
Can I convert Ren (REN) to cash?
Yes - With Coinstash you can convert your Ren (REN) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Ren (REN) are there?
The current circulating supply of Ren (REN) is 1.0B.
Is Coinstash a safe place to buy Ren (REN) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Ren (REN) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.