Convert and Swap Ren REN to Indian Rupee INR
REN/INR: 1 Ren equals ₹2.45 INR
Ren (REN) is not tradable on Coinbase.
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Last update: 7:41 AM, December 23, 2024
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Ren can be traded on a decentralized exchange (DEX) using your Coinbase web3 wallet.
Ren is falling this week.
The current price of Ren is ₹2.45 per REN. With a circulating supply of 999,330,480.362 REN, it means that Ren has a total market cap of ₹2,454,334,479.26. The amount of Ren traded has risen by ₹9,081,606.13 in the last 24 hours, which is a 6.50% increase. Additionally, in the last day, ₹139,633,284.74 worth of REN has been traded.
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About Ren
Ren (REN) is an Ethereum token that powers Ren’s open protocol for transferring cryptocurrencies between blockchains. Ren aims to bring popular assets like Bitcoin and Zcash to blockchains including Ethereum, making it possible for these assets to participate in a multi-chain decentralized finance ecosystem.
Ren (REN) is an open protocol designed to enhance interoperability and liquidity between different blockchain platforms. The protocol's native token, REN, serves as a bond for those running nodes, known as Darknodes, which power RenVM, Ren's virtual machine mainnet. Ren's primary objective is to improve the accessibility of decentralized finance (DeFi) by eliminating the challenges associated with liquidity between blockchains. It achieves this by allowing DeFi projects to incorporate foreign cryptocurrency assets into their offerings and enabling users to swap any token between any two blockchains without the need for intermediary steps.
Ren operates through RenVM, a network of virtual computers that collectively form a virtual machine. The computers that power the network making up RenVM are referred to as Darknodes. Ren charges various fees for internal operations, but most of these do not contribute to direct profitability and are instead paid to miners. As an ERC-20 token, REN also incurs varying gas fees to power transactions. RenVM employs a Byzantine fault-tolerant protocol that facilitates ECDSA threshold key generation and signing via secure multi-party computation (sMPC), enabling it to securely manage (ECDSA) private keys on different blockchains and shift tokens between these blockchains.
Ren is designed to overcome barriers to entry and investment for DeFi projects. As a plug-in, it enables DeFi projects to incorporate foreign cryptocurrency assets, such as Bitcoin and Zcash, into their offerings. More broadly, it allows users to swap any token between any two blockchains without the need for intermediary steps, such as using "wrapped" versions of tokens. This functionality aims to enhance the interoperability of the DeFi space, making it more accessible and user-friendly.
Ren was founded by Taiyang Zhang in 2017 and was initially known as Republic Protocol. The project was first announced in January 2018, with Zhang outlining its initial use case as a "decentralized dark pool." Ren launched RenVM, its virtual machine mainnet, in May 2020, following a successful initial coin offering (ICO) in 2018 that raised $34 million. Zhang has a background in the cryptocurrency space, having co-founded crypto hedge fund Virgil Capital. Prior to that, he co-founded Neucode, a software and web development startup, in 2014.
How Ren and Indian Rupee differ
Ren (REN) and the Indian Rupee (INR) are two distinct forms of currency, each with its own unique characteristics and uses. Ren is a digital asset, part of the burgeoning world of decentralized finance (DeFi), and operates on an open protocol designed to enhance interoperability and liquidity between different blockchain platforms. Its native token, REN, serves as a bond for those running nodes, known as Darknodes, which power Ren's virtual machine mainnet, RenVM. Ren's primary objective is to improve the accessibility of DeFi by eliminating the challenges associated with liquidity between blockchains. On the other hand, the Indian Rupee is a traditional, government-issued currency used in India. It is a physical form of money, regulated by the Reserve Bank of India, and is used for all types of transactions within the country. Unlike Ren, which operates on a decentralized network, the Indian Rupee is centralized and subject to government regulations and monetary policies. While Ren aims to enhance the interoperability of the DeFi space, the Indian Rupee serves as a medium of exchange, store of value, and unit of account within the Indian economy.
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REN to Indian Rupee conversion tables
The exchange rate of Ren is decreasing.
The current value of 1 REN is ₹2.45 INR. In other words, to buy 5 Ren, it would cost you ₹12.27 INR. Inversely, ₹1.00 INR would allow you to trade for 0.41 REN while ₹50.00 INR would convert to 20.38 REN, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 29.41%. Meanwhile, in the last 24 hours, the rate has changed by 3.48%, and that the the highest exchange rate of 1 REN to Indian Rupee was ₹3.49 INR and the lowest 24 hour value was 1 REN for ₹2.40 INR. This time last month, the value of 1 REN was ₹4.02 INR, which is a 38.87% increase from where it is now. Looking back a year, Ren has changed by ₹5.71 INR. That means that in a single year, the value of Ren has shrank by 41.15%.
REN to INR performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
₹2.53 INR | -3.48% | ₹3.45 INR | -29.41% | ₹4.02 INR | -38.87% | ₹5.71 INR | -41.15% |
REN to INR
Amount | Today at 7:41 am |
|---|---|
0.5 REN | ₹1.23 |
1 REN | ₹2.45 |
5 REN | ₹12.27 |
10 REN | ₹24.53 |
50 REN | ₹122.66 |
100 REN | ₹245.32 |
500 REN | ₹1,226.59 |
1,000 REN | ₹2,453.19 |
INR to REN
Amount | Today at 7:41 am |
|---|---|
0.5 INR | 0.20 REN |
1 INR | 0.41 REN |
5 INR | 2.04 REN |
10 INR | 4.08 REN |
50 INR | 20.38 REN |
100 INR | 40.76 REN |
500 INR | 203.82 REN |
1,000 INR | 407.63 REN |
Today vs. 24 hours ago
Amount | Today at 7:41 am | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 REN | ₹1.23 | ₹1.27 | -3.10% |
1 REN | ₹2.45 | ₹2.53 | -3.10% |
5 REN | ₹12.27 | ₹12.66 | -3.10% |
10 REN | ₹24.53 | ₹25.32 | -3.10% |
50 REN | ₹122.66 | ₹126.59 | -3.10% |
100 REN | ₹245.32 | ₹253.18 | -3.10% |
500 REN | ₹1,226.59 | ₹1,265.90 | -3.10% |
1,000 REN | ₹2,453.19 | ₹2,531.80 | -3.10% |
Today vs. 1 month ago
Amount | Today at 7:41 am | 1 months ago | 1M Change |
|---|---|---|---|
0.5 REN | ₹1.23 | ₹2.02 | -39.37% |
1 REN | ₹2.45 | ₹4.05 | -39.37% |
5 REN | ₹12.27 | ₹20.23 | -39.37% |
10 REN | ₹24.53 | ₹40.46 | -39.37% |
50 REN | ₹122.66 | ₹202.31 | -39.37% |
100 REN | ₹245.32 | ₹404.62 | -39.37% |
500 REN | ₹1,226.59 | ₹2,023.08 | -39.37% |
1,000 REN | ₹2,453.19 | ₹4,046.15 | -39.37% |
Today vs. 1 year ago
Amount | Today at 7:41 am | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 REN | ₹1.23 | ₹2.91 | -57.92% |
1 REN | ₹2.45 | ₹5.83 | -57.92% |
5 REN | ₹12.27 | ₹29.15 | -57.92% |
10 REN | ₹24.53 | ₹58.29 | -57.92% |
50 REN | ₹122.66 | ₹291.46 | -57.92% |
100 REN | ₹245.32 | ₹582.91 | -57.92% |
500 REN | ₹1,226.59 | ₹2,914.57 | -57.92% |
1,000 REN | ₹2,453.19 | ₹5,829.14 | -57.92% |
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