Republic Protocol REN
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ByBit 
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Score
Sentiment
Bullish 
Fundraising Statistics
$0.01 +3.33%
$0.056
RENRepublic Protocol
USDCUSD Coin
Short Review Republic Protocol
Crypto project Republic Protocol (REN) is classified as a Trading. Republic Protocol is a Utility token that is hosted on the Ethereum Network. The current total supply is 1.00 B REN (Circulating Supply + Tokens yet to be released - Burned Tokens). (8.6% of total tokens) have been allocated for the public sale.
Republic Protocol ICO Overview
Estimated date for the public token sale: 3 February 2018. Republic Protocol (REN) price during the token sale: 0.056 USD. Min/Max Personal Cap: 0.01 ETH / 1 ETH. You can purchase project tokens for ETH
Residents of the following countries will not be able to participate in the public sale of tokens: USA
REN Price Chart
The launch of REN token trading took place on 31 December 2018.
Fundraising Rounds
Total sold 651.99 M REN tokens (65.20% of total tokens). Total amount of funds raised by the Republic Protocol project is $33.78 M.
| Investment Round | Date | Price | Funds Raised |
| Public Sale | February 2, 2018 | $0.0561 | $4.83 M |
| Private Sale | January 28, 2018 | $0.0513 | $28.95 M |
Republic Protocol Investors
Polychain Capital Tier 1
FBG Capital Tier 2
Huobi Ventures Tier 2Republic Protocol (Ren) cryptocurrency
Ren is an open protocol that enables interaction between blockchains. He launched RenVM, which is the main network of the machine. Back in 2020, the company raised $34,000,000 during its ICO.
An important goal of the project is to improve the accessibility of DeFi by removing the barrier to interblock liquidity.
REN is a platform token. It acts as a link for nodes that activate RenVM.
History of the Republic Protocol project
Tatian Zhang and Long Wang are the authors of Ren. They created it in 2017 and announced it in 2018, talking about a “decentralized dark pool.” Ren is good for a variety of use cases, but it is primarily designed to overcome barriers to entry and investment for decentralized finance companies.
RenVM, which we mentioned earlier, is a network of computers that is a virtual machine.
Ren benefits
- Distribution of commissions. The fees charged for internal transactions are paid to the miners. Gas fees are used to facilitate transactions.
- Technology. Ren offers technology for connecting different blockchains. Users can exchange any asset between any two blockchains without having to go through intermediate steps (such as using wrapped tokens).
- Experienced team.
Disadvantages of Ren
- Competition. Ren's ideas are already being used in other projects, which creates competition. There are many crypto concepts on the market, and it is difficult to move forward while some projects are better invested or popular.
- Little known. Considering it launched in 2018, the Ren community is not that large, making it difficult for the project to promote its ideas and products.
