The below Ren price chart tracks the price of Ren against AUD over time. The rate shown is indicative only as actual buy / sell rates depend on market liquidity and fees at the time of quotation.
✓Decentralized applications and finance (DeFi)
✓Dark pool trading
REN is an open-source protocol that allows for cross-chain trading of digital currencies in a secure manner. The network places particular emphasis on the provision of a liquid “dark pool” that will allow for the execution of large transactions reminiscent of institutional level trading, without actually revealing the order book like in a traditional exchange.
All orders placed in the REN platform are hidden and not controlled by any market makers or liquidity providers whatsoever, thus this registers the exchange as completely decentralized from any third party manipulation or oversight. This takes place on their product dubbed the “Ren Virtual Machine (RenVM)”
The REN token which is the native cryptocurrency of the ecosystem is used to cover any fees incurred when trading through RenVM and as a form of bond for users wanting to run one of the network’s “Darknodes”.
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