Ren
Name
Ren
Summary
-REN (previously Republic Protocol) is a protocol that aims to give all decentralized applications access to inter-blockchain liquidity.
-Taiyang Zhang founded Ren in 2017
-Ren uses RenVM which is a Byzantine fault-tolerant system.
Rating
Symbol
REN
Overview
Republic System is a decentralized dark pool protocol for large-scale digital asset trading. The Republic Protocol uses secure multi-party computation (sMPC) to match orders without revealing their price or volume. The Project's dark pool exchanges are designed to facilitate big volume trades with minimum price slippage and market impact while adhering to the dark pool's rules.
RenVM now adds decentralized finance interoperability. RenVM is designed to act as a decentralized and trustless custodian for the digital assets when they move between blockchains utilizing zero-knowledge proofs and sMPC-based protocol.
Historical Price Movement (in INR)
Technology
RenVM is a Byzantine fault-tolerant system that uses secure multi-party computation to make ECDSA threshold key generation and signature easier (sMPC). RenVM can now securely handle (ECDSA) private keys on many blockchains, allowing tokens to be transferred between them (i.e., interoperability).
Use of native tokens in the ecosystem:
The REN token is used as a bond to run a node (also known as a Darknode because they process information in the "dark") that powers the sMPC network (RenVM).
Investors
60%
Reserve Fund
19.9%
Advisors, team, and Founders
9.9%
Partnerships and development
10%
Volume (27th March 2022)
$40,000,322
Total Supply
999999633
Circulating supply
999,037,500.36 REN
Crowd Sales
Ren has raised $34 million in two rounds of investment. Their most recent funding came from an Initial Coin Offering round on February 22, 2018.
Funding
22/02/2018:Initial Coin-$34M
01/01/2018:Venture round- NA
Country
Singapore
Name of Organization
Republic Protocol
Year Incorporated
2017
Registered Address
2612, Singapore
Dispute Resolution and Governing Law
Singapore
Country Risk Assessment
A1
Founding Team
| Name | Designation | Education | Experience |
| Taiyang Zhang | Co-Founder | NA | 4 Yrs |
| Loong Wang | Co-Founder | The Australian National University: Advanced Research and Development (Computer Science) (Honours) | 6 Yrs |
Whitepaper 
