REN
No. 469Price
Markets
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1. Project introduction
Ren is an open protocol meant to enable the permissionless and private transfer of value between any blockchain. Ren's core product, RenVM, is focused on bringing interoperability to decentralized finance (DeFi). RenVM allows for secret computation over multiple inputs and multiple parties. It is a network (and an accompanying SDK) that allows developers to bring cross-chain functionality to their DeFi applications. RenVM serves as an plug-in for decentralized finance and therefore, any DeFi application can incorporate RenVM’s capabilities into their applications and existing smart contracts.RenVM is powered by a network of decentralized virtual machines called Darknodes, earning rewards for contributing compute power and storage space. This virtual machine is replicated over thousands of machines that work together to power it, contributing their network bandwidth, their computational power, and their storage capacity.
2. Investment institution
BlockVc、Signal Ventures、Genesis One Capital、Wyre Capital、Plasma Capital
3. Application and distribution
Token application:
REN is the ERC20 token used to bond Darknodes to RenVM. To register a valid Darknode identity, an operator must deposit 100000 REN tokens into the Darknode Registry contract.
Token distribution:
Private Sale: 56.6%
Team & Advisors: 19.9%
Reserve: 9.9%
Public Sale: 8.6%
Community & partners: 5%
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