BITCOIN

₹62,33,357.26

0.607%

ETHEREUM

₹3,22,486.84

1.671%

TETHER USDT

₹93.04

0.009%

BNB

₹55,162.88

0.674%

SOLANA

₹16,298.02

0.841%

USDC

₹93.00

0.002%

XRP

₹54.43

1.329%

DOGECOIN

₹11.96

4.34%

CARDANO

₹39.24

3.492%

AVALANCHE

₹2,897.19

8.182%

TRON

₹12.46

0.32%

SHIBA INU

₹0.001621

4.328%

POLKADOT

₹576.56

2.603%

CHAINLINK

₹1,323.37

0.216%

BITCOIN CASH

₹35,747.89

3.474%

NEAR PROTOCOL

₹564.75

3.748%

LITECOIN

₹6,752.09

1.361%

POLYGON

₹49.30

1.997%

PEPE

₹0.001122

2.268%

INTERNET COMPUTER

₹950.67

0.816%

BITCOIN

₹62,33,357.26

0.607%

ETHEREUM

₹3,22,486.84

1.671%

TETHER USDT

₹93.04

0.009%

BNB

₹55,162.88

0.674%

SOLANA

₹16,298.02

0.841%

USDC

₹93.00

0.002%

XRP

₹54.43

1.329%

DOGECOIN

₹11.96

4.34%

CARDANO

₹39.24

3.492%

AVALANCHE

₹2,897.19

8.182%

TRON

₹12.46

0.32%

SHIBA INU

₹0.001621

4.328%

POLKADOT

₹576.56

2.603%

CHAINLINK

₹1,323.37

0.216%

BITCOIN CASH

₹35,747.89

3.474%

NEAR PROTOCOL

₹564.75

3.748%

LITECOIN

₹6,752.09

1.361%

POLYGON

₹49.30

1.997%

PEPE

₹0.001122

2.268%

INTERNET COMPUTER

₹950.67

0.816%

BITCOIN

₹62,33,357.26

0.607%

ETHEREUM

₹3,22,486.84

1.671%

TETHER USDT

₹93.04

0.009%

BNB

₹55,162.88

0.674%

SOLANA

₹16,298.02

0.841%

USDC

₹93.00

0.002%

XRP

₹54.43

1.329%

DOGECOIN

₹11.96

4.34%

CARDANO

₹39.24

3.492%

AVALANCHE

₹2,897.19

8.182%

TRON

₹12.46

0.32%

SHIBA INU

₹0.001621

4.328%

POLKADOT

₹576.56

2.603%

CHAINLINK

₹1,323.37

0.216%

BITCOIN CASH

₹35,747.89

3.474%

NEAR PROTOCOL

₹564.75

3.748%

LITECOIN

₹6,752.09

1.361%

POLYGON

₹49.30

1.997%

PEPE

₹0.001122

2.268%

INTERNET COMPUTER

₹950.67

0.816%

BITCOIN

₹62,33,357.26

0.607%

ETHEREUM

₹3,22,486.84

1.671%

TETHER USDT

₹93.04

0.009%

BNB

₹55,162.88

0.674%

SOLANA

₹16,298.02

0.841%

USDC

₹93.00

0.002%

XRP

₹54.43

1.329%

DOGECOIN

₹11.96

4.34%

CARDANO

₹39.24

3.492%

AVALANCHE

₹2,897.19

8.182%

TRON

₹12.46

0.32%

SHIBA INU

₹0.001621

4.328%

POLKADOT

₹576.56

2.603%

CHAINLINK

₹1,323.37

0.216%

BITCOIN CASH

₹35,747.89

3.474%

NEAR PROTOCOL

₹564.75

3.748%

LITECOIN

₹6,752.09

1.361%

POLYGON

₹49.30

1.997%

PEPE

₹0.001122

2.268%

INTERNET COMPUTER

₹950.67

0.816%

BITCOIN

₹62,33,357.26

0.607%

ETHEREUM

₹3,22,486.84

1.671%

TETHER USDT

₹93.04

0.009%

BNB

₹55,162.88

0.674%

SOLANA

₹16,298.02

0.841%

USDC

₹93.00

0.002%

XRP

₹54.43

1.329%

DOGECOIN

₹11.96

4.34%

CARDANO

₹39.24

3.492%

AVALANCHE

₹2,897.19

8.182%

TRON

₹12.46

0.32%

SHIBA INU

₹0.001621

4.328%

POLKADOT

₹576.56

2.603%

CHAINLINK

₹1,323.37

0.216%

BITCOIN CASH

₹35,747.89

3.474%

NEAR PROTOCOL

₹564.75

3.748%

LITECOIN

₹6,752.09

1.361%

POLYGON

₹49.30

1.997%

PEPE

₹0.001122

2.268%

INTERNET COMPUTER

₹950.67

0.816%

BITCOIN

₹62,33,357.26

0.607%

ETHEREUM

₹3,22,486.84

1.671%

TETHER USDT

₹93.04

0.009%

BNB

₹55,162.88

0.674%

SOLANA

₹16,298.02

0.841%

USDC

₹93.00

0.002%

XRP

₹54.43

1.329%

DOGECOIN

₹11.96

4.34%

CARDANO

₹39.24

3.492%

AVALANCHE

₹2,897.19

8.182%

TRON

₹12.46

0.32%

SHIBA INU

₹0.001621

4.328%

POLKADOT

₹576.56

2.603%

CHAINLINK

₹1,323.37

0.216%

BITCOIN CASH

₹35,747.89

3.474%

NEAR PROTOCOL

₹564.75

3.748%

LITECOIN

₹6,752.09

1.361%

POLYGON

₹49.30

1.997%

PEPE

₹0.001122

2.268%

INTERNET COMPUTER

₹950.67

0.816%

BITCOIN

₹62,33,357.26

0.607%

ETHEREUM

₹3,22,486.84

1.671%

TETHER USDT

₹93.04

0.009%

BNB

₹55,162.88

0.674%

SOLANA

₹16,298.02

0.841%

USDC

₹93.00

0.002%

XRP

₹54.43

1.329%

DOGECOIN

₹11.96

4.34%

CARDANO

₹39.24

3.492%

AVALANCHE

₹2,897.19

8.182%

TRON

₹12.46

0.32%

SHIBA INU

₹0.001621

4.328%

POLKADOT

₹576.56

2.603%

CHAINLINK

₹1,323.37

0.216%

BITCOIN CASH

₹35,747.89

3.474%

NEAR PROTOCOL

₹564.75

3.748%

LITECOIN

₹6,752.09

1.361%

POLYGON

₹49.30

1.997%

PEPE

₹0.001122

2.268%

INTERNET COMPUTER

₹950.67

0.816%

BITCOIN

₹62,33,357.26

0.607%

ETHEREUM

₹3,22,486.84

1.671%

TETHER USDT

₹93.04

0.009%

BNB

₹55,162.88

0.674%

SOLANA

₹16,298.02

0.841%

USDC

₹93.00

0.002%

XRP

₹54.43

1.329%

DOGECOIN

₹11.96

4.34%

CARDANO

₹39.24

3.492%

AVALANCHE

₹2,897.19

8.182%

TRON

₹12.46

0.32%

SHIBA INU

₹0.001621

4.328%

POLKADOT

₹576.56

2.603%

CHAINLINK

₹1,323.37

0.216%

BITCOIN CASH

₹35,747.89

3.474%

NEAR PROTOCOL

₹564.75

3.748%

LITECOIN

₹6,752.09

1.361%

POLYGON

₹49.30

1.997%

PEPE

₹0.001122

2.268%

INTERNET COMPUTER

₹950.67

0.816%

BITCOIN

₹62,33,357.26

0.607%

ETHEREUM

₹3,22,486.84

1.671%

TETHER USDT

₹93.04

0.009%

BNB

₹55,162.88

0.674%

SOLANA

₹16,298.02

0.841%

USDC

₹93.00

0.002%

XRP

₹54.43

1.329%

DOGECOIN

₹11.96

4.34%

CARDANO

₹39.24

3.492%

AVALANCHE

₹2,897.19

8.182%

TRON

₹12.46

0.32%

SHIBA INU

₹0.001621

4.328%

POLKADOT

₹576.56

2.603%

CHAINLINK

₹1,323.37

0.216%

BITCOIN CASH

₹35,747.89

3.474%

NEAR PROTOCOL

₹564.75

3.748%

LITECOIN

₹6,752.09

1.361%

POLYGON

₹49.30

1.997%

PEPE

₹0.001122

2.268%

INTERNET COMPUTER

₹950.67

0.816%

BITCOIN

₹62,33,357.26

0.607%

ETHEREUM

₹3,22,486.84

1.671%

TETHER USDT

₹93.04

0.009%

BNB

₹55,162.88

0.674%

SOLANA

₹16,298.02

0.841%

USDC

₹93.00

0.002%

XRP

₹54.43

1.329%

DOGECOIN

₹11.96

4.34%

CARDANO

₹39.24

3.492%

AVALANCHE

₹2,897.19

8.182%

TRON

₹12.46

0.32%

SHIBA INU

₹0.001621

4.328%

POLKADOT

₹576.56

2.603%

CHAINLINK

₹1,323.37

0.216%

BITCOIN CASH

₹35,747.89

3.474%

NEAR PROTOCOL

₹564.75

3.748%

LITECOIN

₹6,752.09

1.361%

POLYGON

₹49.30

1.997%

PEPE

₹0.001122

2.268%

INTERNET COMPUTER

₹950.67

0.816%

Home

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Coins

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Ren

REN

Ren

REN

₹4.95

LIVE

24H Low ₹4.83

24H High ₹4.98

Price of REN today

The current live price of REN today is ₹4.95, with a 24-hour trading volume of ₹81,05,21,913.27. Our REN to INR price is updated in real-time. REN has seen a decrease of -0.02% in the last 24 hours. With a live market cap of ₹4,89,75,70,265.91 , the circulating supply is at 999,127,500 REN coins, with a maximum supply of 1,000,000,000REN coins.

Ren Price History

Date ComparisonAmount Change% Change
Today₹0.05

1.03%

7 Days₹0.80

19.27%

30 Days₹0.58

13.37%

1 Year-₹1.45

22.68%

Ren Price Information

Price Change (1hr)

0.02%

Price Change (24hr)

1.03%

Price Change (7d)

19.27%

Ren Market Stats

Market Cap

₹4,89,75,70,265.91

Fully Diluted Market Cap

₹4,90,18,47,125.73

24hr Volume

₹81,05,21,913.27

31.14%

Circulating Supply

999127500.36 REN

Total Supply

1000000000 REN

Things to know about Ren

What is the Ren (REN) Token?

REN is a cryptocurrency token that powers the Ren protocol, a decentralized finance (DeFi) platform designed to enable the permissionless and trustless transfer of value between different blockchain networks. The protocol facilitates interoperability by allowing users to securely move cryptocurrencies across diverse blockchains without needing to rely on centralized exchanges. Ren’s primary focus is on enhancing liquidity and accessibility within the DeFi ecosystem by providing a bridge for assets like Bitcoin to participate in Ethereum-based DeFi applications, thereby unlocking new liquidity pools and use cases for existing cryptocurrencies.

Tokenomics

  • Total Supply:

  • The total supply of REN tokens is capped at 1 billion, ensuring a finite supply of the asset.

  • Initial Allocation:

  • During its Initial Coin Offering (ICO), REN tokens were sold at a rate of 17,200 REN for 1 ETH, with 60.2% of the total supply available for sale to the public.

  • Purpose:

  • REN tokens are used as a bond for running nodes within the RenVM, incentivizing behavior that secures and operates the network. They are also utilized for transaction fees and facilitating cross-chain liquidity transfers.

Market Data

As of today #{today’s date}, the price of Ren is ₹4.95 INR or 0.05318 USD, with a 24-hour trading volume of 8715289.39 USD. The market capitalization for Ren is 52662045.87USD. The circulating supply is 999127500.36 Ren, with the total supply also being 999999632.8 Ren.

Token Pros and Cons

Pros:

  • Interoperability:

  • REN facilitates seamless asset transfers between blockchains, addressing a significant barrier in the DeFi space.

  • Decentralization:

  • The protocol operates in a permissionless and trustless manner, enhancing security and reducing reliance on centralized entities.

  • Privacy:

  • Transactions can be conducted in zero-knowledge, preserving user privacy.

  • Liquidity:

  • By enabling cross-chain transfers, REN enhances liquidity across the DeFi ecosystem.

  • Incentivization:

  • The tokenomics model incentivizes node operation and network security through REN tokens.

Cons:

  • Complexity:

  • The technical complexity of operating across multiple blockchains may pose challenges for users and developers.

  • Competition:

  • Numerous projects are working on blockchain interoperability, which could impact REN’s adoption and value.

  • Regulatory Risks:

  • Cross-chain transfers and privacy features may attract regulatory scrutiny.

  • Dependence on External Networks:

  • REN’s value proposition is closely tied to the health and success of the blockchains it supports.

  • Market Volatility:

  • Like all cryptocurrencies, REN is subject to high market volatility, which can impact its utility and investment value.

Why Should You Invest in the Coin?

  • Growing DeFi Market:

  • REN is well-positioned within the expanding DeFi sector, which continues to attract significant investment and innovation.

  • Unique Value Proposition:

  • The protocol’s focus on interoperability and privacy sets it apart from other DeFi projects.

  • Strong Backing:

  • Initially supported by notable investors and continuing to receive community and developer support.

  • Potential for Adoption:

  • As DeFi applications grow, the demand for cross-chain liquidity and interoperability solutions like REN could increase.

  • Incentive Alignment:

  • The tokenomics of REN align the incentives of users, node operators, and developers towards the long-term success of the protocol.

USP of the Coin

  • Cross-Chain Functionality:

  • REN’s ability to facilitate secure and decentralized transfers between blockchains is a key differentiator.

  • Privacy Features:

  • The protocol’s emphasis on zero-knowledge transfers and dark pools for trading enhances user privacy.

  • Economic Incentives:

  • The REN token incentivizes network participation and security, creating a self-sustaining ecosystem.

Problem the Coin is Solving

REN addresses the critical issue of interoperability and liquidity in the DeFi space by enabling secure, private, and seamless transfers of assets across different blockchain networks. This functionality is crucial for the broader adoption and utility of decentralized finance applications.

Founder and team background

REN was founded by Taiyang Zhang and Loong Wang. The project, initially known as Republic Protocol, has evolved significantly under their leadership, focusing on interoperability and privacy within the DeFi ecosystem.

ICO Price

  • Token Sale Date:

  • 3rd February 2018

  • Ticker:

  • REN

  • Token Type:

  • ERC20

  • ICO Token Price:

  • 17,200 REN = 1 ETH

  • Total Tokens:

  • 1,000,000,000 REN tokens

  • Available for Token Sale:

  • 60.2% of the total supply

Risks Associated in Investing in the Coin

  • Technical Risks:

  • The complexity of cross-chain interoperability may introduce technical vulnerabilities.

  • Market Competition:

  • The success of competing interoperability projects could impact REN’s adoption.

  • Regulatory Uncertainty:

  • Changes in regulatory landscapes could affect the protocol’s operations and token value.

  • Dependence on Other Blockchains:

  • The utility of REN is tied to the ecosystems it connects, making it sensitive to their fluctuations.

  • Liquidity Risk:

  • Despite its focus on enhancing liquidity, REN itself may be subject to liquidity constraints in volatile market conditions.

Summary of the Whitepaper

The Ren whitepaper introduces Ren as a groundbreaking ecosystem designed to foster privacy-preserving virtual machines capable of powering zero-knowledge financial applications. At its core, Ren aims to enable a world where applications run in complete secrecy, thereby preserving the privacy of all users and data. This ambition addresses the critical challenge within decentralized technology: the need for privacy. Without privacy, the development of advanced financial applications or general-purpose decentralized applications that respect user sovereignty is significantly hindered.

Ren is built upon a decentralized virtual machine, RenVM, which utilizes zkSNARKs and a newly developed secure multiparty computation protocol to validate proofs and execute programs in zero knowledge. Any program can run on RenVM with its inputs, outputs, and state remaining completely confidential. RenVM’s capability extends to generating new data that remains unknown to anyone, governed by the program logic. This opens the door to enhancing existing financial applications with privacy and Byzantine Fault Tolerance and creating entirely new applications previously unfeasible in decentralized environments.

The whitepaper details several key components of Ren’s ecosystem, including zkCompute and secure multiparty computation, zkStorage, permission-based access, and the operation of Darknodes. Secure multiparty computation protocols allow nodes to execute a program without revealing any information about the inputs or outputs, even to the nodes themselves. RenVM improves upon existing protocols by offering a more efficient preprocessing phase and ensuring security if less than one-third of the network is malicious. This innovation enables a decentralized network of untrusted nodes to execute general-purpose programs in complete secrecy.

Darknodes, the backbone of RenVM, are decentralized nodes that contribute computing power and storage in exchange for fees. A bond of 100,000 REN tokens is required to operate a Darknode to prevent identity forgery and ensure network security. The whitepaper explains the fee structure designed to compensate Darknode operators, including an upfront fee for running computations and an optional incentivization fee to encourage the prioritization of certain computations.

Ren’s ecosystem also introduces a zero-knowledge transaction layer, enabling private on-chain Ethereum transactions using zk-SNARKs. This layer addresses the need for privacy in transactions, such as sensitive OTC deals and eliminating front-running risks. Furthermore, RenVM facilitates interoperability through SwapperD, a tool that allows for privacy-preserving cross-chain swaps, enhancing the capability of decentralized exchanges and other applications by enabling them to offer a wider range of tokens and private settlements.

The whitepaper envisions Ren as a platform for building, deploying, and running privacy-preserving applications, initially focusing on decentralized finance (DeFi). By solving the privacy challenge, Ren aims to unlock the full potential of decentralized technology, making it possible for any application to operate in a decentralized, trustless, and fault-tolerant environment while ensuring complete secrecy of all data involved.

Returns Calculator

One Time
Recurring

Investment Amount

Investment Period

Returns

9300

0%

REN to Converter

Quantity

REN

REN

Price

fiat

Price as per 07:40 PM • 21 Jul 2024

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What is the price of Ren (REN)?

The current price of Ren (REN) in INR is ₹4.95 INR.

What is the current REN market cap?

The current market capitalization of Ren (REN) is ₹4,89,75,70,265.91 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of REN by the number of coins in circulation.

What is the current supply of Ren (REN)?

The current supply of Ren (REN) is 999127500.36 REN. This figure represents the total number of coins that have been mined and are currently in circulation.

What is the 24 trading volume of Ren (REN)?

The 24-hour trading volume of Ren (REN) in INR is ₹81,05,21,913.27. This figure represents the total value of all REN transactions across various exchanges within the last 24 hours.

How to Buy Ren (REN) in India?

To buy Ren (REN) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in REN.

Can I buy Ren (REN) with UPI?

Yes, you can buy Ren (REN) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.

How to Convert Ren (REN) to Indian Rupee (INR)?

To convert Ren (REN) to Indian Rupee (INR), you can use our REN/INR conversion rates in real time.

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