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Ren is now listed on Cryptology!

January 31, 2024
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Buy, sell and trade REN

📈 Spot trading of REN/USDT is live


What is Ren?

Ren is a distributed network that enables the movement of value between blockchains.

It’s now easier than ever to transfer and mint your favorite crypto assets cross-chain. Interoperability is a fundamental aspect of DeFi and Ren allows this to happen.

For example, you will deposit BTC into Ren. From there they can make your BTC tokens into an ERC-20 version of Bitcoin, renBTC. It is backed by a 1:1 ratio so the value is held on your original assets.

Ren uses multi-party computation, which keeps computing private. Even those providing the nodes cannot access them.

Private keys for each asset are split up and distributed across the nodes.

Everytime a transaction is made and assets are transferred a fee is collected by a Darknode. Darknodes can be set up by anyone with a computer and stable internet connection. They make up Ren and exchange their computing power and energy for the collected fee.

Simply stake 100,000 REN tokens as collateral and run the Darknode software via VPS to begin participating. 

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The Ren token

The native token for Ren is REN.

It is an ERC-2O token based on the Ethereum network. 

It is used primarily as a bond to run Darknodes which in turn creates additional tokens also paid out in REN.

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Tokenomics:

  • 60.2% - Presale and public token sale.
  • 19.9% - Reserve fund.
  • 9.9% - Advisors, the team and its founders.
  • 10% - Partnerships and development.

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REN’s market stats:

  • Current market cap: $52,090,818
  • Circulating supply: 999,127,500 REN
  • Max supply: 1,000,000,000 REN
  • Twitter: 125,998 followers 

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Trade REN



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Risk Warning

Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. Cryptology will make its best efforts to choose high-quality tokens, but will not be responsible for your investment losses. As a digital asset trading platform that respects the community, Cryptology adheres to the principle of truthful, transparent and fair trading, with no malicious intent. We are committed to providing users with a service that is safer, more efficient, and more reliable for the trading of digital assets.

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Risk Disclosure Statement

The information provided in this article is for educational and informational purposes only and should not be construed as financial, tax, or legal advice or recommendation. Dealing with virtual currencies involves significant risks, including the potential loss of your investment. We strongly recommend you obtain independent professional advice before making any financial decisions. The products and services offered by Cryptology may not be suitable for all users and may not be available in certain countries or jurisdictions. The promotional materials do not guarantee any specific outcomes or profits from virtual trading. Past performance is not indicative of future results. It is important to read and understand the risks, which are explained in our Risk Disclosure Statement

Katya V.

Katya is one of Cryptology’s skilled content managers and a writer with a diverse background in content creation, editing, and digital marketing. With experience in several different industries, mostly blockchain and others like deep tech, they have refined their ability to craft compelling narratives and develop SEO strategies.