Ren, an open protocol designed to provide interoperability and liquidity between different blockchain platforms, has skyrocketed today, rising by almost 40% in the last 24 hours. If you are attracted by its unique features and want to learn how and where to buy Ren, this guide is for you.
The Best Places to Buy Ren Now
Since REN is such a new asset, it is not yet listed on the major stock exchanges. But you can still buy REN through a DEX (decentralized exchange). However, a few additional steps are required for this. To buy REN now, follow these steps:
1. Buy ETH from a regulated exchange or a broker like eToro”
We recommend eToro because it is one of the world’s leading multi-asset trading platforms and is an exchange and wallet in one. The fees are among the lowest in the industry. In addition, eToro is beginner-friendly and offers more payment options than any other service available.
2. Send your ETH to a compatible wallet such as Trust Wallet or MetaMask
You have to create your wallet, enter your address and send your coins there.
3. Connect your wallet to the Uniswap DEX
Go to Uniswap and connect your wallet to it.
4. You can now exchange your ETH for REN.
Now that you are connected, you can exchange several hundred coins, including REN.
What is Ren?
Ren, formerly known as Republic Protocol, launched its virtual machine mainnet in May last year. The Ren token serves as a binding for darknodes, the running nodes that power RenVM. Ren aims to expand the accessibility and interoperability of decentralized finance (DeFi) by removing liquidity barriers between blockchains.
Ren is a complex platform with multiple use cases, but ultimately designed to overcome barriers to access and investment for DeFi projects. As a plug-in, DeFi allows projects to include foreign cryptocurrency assets such as Bitcoin (BTC) and Zcash (ZEC) in their offering. In a broader sense, users can exchange essentially any token between any two blockchains, without intermediate steps such as using so-called “packaged” versions of tokens.
Should I buy Ren today?
Considering how hard it is to make an accurate cryptocurrency prediction, you should never make decisions that affect your finances before an in-depth market analysis. Do not invest more in Ren than you can afford to lose.
Wallet Investor predicts that Ren will reach up to $ 1.8 by the end of 2021 and at least $ 1.5. According to Digital Coin Price, Ren will rise to $1.3 by the end of this year.
On social media
With Host 2 Host $CRV can now be bridged to all blockchains #RenVM support 🦙
Host 2 Host also allows @CurveFinance LP tokens like $3CRV to be bridged, opening up new cross-chain collateral types for the entire ecosystem 🏦$renCRV token contracts👇https://t.co/exLBKkKn7x pic.twitter.com/7OWowhqWtN
– Ren (@renprotocol) December 14, 2021