Price (USD)$ 0.1605
Circulating SupplyREN 999.0375M
Volume (24h)$ 11.65437M
Market Cap$ 160.36598M
Low/High 24h$ 0.1483 - $ 0.1582
Change (24h)$ 0.010221
Republic Protocol - Ren Crypto - is a new cryptocurrency project aimed at creating a new principle of decentralization of exchange trading. The creation of dark pools will allow traders to place different types of orders, including cross-blockchain ones, and execute them without revealing the details of the transactions.
The cryptocurrency market, like the securities market, has always strived for anonymity. To hide the identity of the owner, it was necessary to use the services of a broker or carry out transactions on shadow sites, while the size of the transaction remained open information. Transactions of this kind are recognized as very risky due to the low level of trust in intermediaries and the large amounts involved in transactions. The Republic Protocol cryptocurrency platform is able to solve this problem, guaranteeing a high level of security with minimal information disclosure.
The development team consists of 12 people, led by Taiyang Zhang and Lung Wang. All of them have higher education in various fields of programming and computing technologies, which helped them develop a unique peer-to-peer trading system between several types of cryptocurrencies – Bitcoin, Ethereum, and ERC20, and ERC 721 tokens, bypassing exchanges and other intermediaries.
The total supply of REN tokens is 1 billion, they were issued in a one-time emission. The token was released on February 17, 2018.
Major investors in the project are FBGcapital, Polychain Capital, Signum Capital, HyperChain Capital, Huobi Capital, and others.
Today REN price is 0.1605 USD.
To achieve the goal of the project, it is necessary to use mechanisms to ensure the functioning of individual network nodes in such a way that all exchange transactions are processed and executed without disclosing any data about themselves. This will not eliminate the need for personal identification to participate in the darkpool, but should ensure a high level of security of information and funds.
In the Republic Protocol system, these requirements are implemented through a combination of cryptological technologies and algorithms:
The interaction of nodes with each other occurs in such a way that the trader may not be in the network, waiting for the processing and execution of the order. Nodes will look for a counter-trade offer until the order is fully executed, expired, or canceled. It is important that the motivation in the system is built in such a way as to make collusion of individual nodes unprofitable
The Republic Protocol REN token is a tool for maintaining the interest of network nodes in performing computational operations for matching order fragments. In addition, REN is used as collateral under the Registar protocol – larger collateral allows more orders to be placed.
The Republic Protocol can have a beneficial effect on the entire ecosystem by slightly reducing volatility. Whale deals conducted in the darkpool will not push small traders to unreasonable asset leaks, which can significantly strengthen the market.
In order not to disappoint the community, developers need to adhere to the implementation timelines indicated in the roadmap.
The creators of Republic Protocol were able to find a demanded niche in the cryptocurrency world and promise a high-quality implementation of their idea. Republic Protocol is an exclusive project required by large traders for confidentiality and closed transactions. Also, the low cost of the token played a role, promising to increase the invested funds in the future.
According to market experts, REN is suitable for long-term investment.
According to the predicted data, Ren (REN) price will increase.
Based on forecasting, investment in REN might be profitable.
Based on the estimated prediction, Ren price will not be downward.
If you are interested in the REN coin and want to invest in it, then you can buy or exchange it at StealthEX.
The process takes just a few minutes, just go to StealthEX and follow these easy steps:
Also, you can study a detailed article with an exchange guide or watch a tutorial video on our YouTube channel.
The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.