✓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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A lot of members like to hold onto their Ren in case it increases in value. You can hold your Ren in your Cointree account or transfer it to a private wallet.
Cointree allows you to trade any portion of your Ren to over 100 other digital currencies instantly.
When buying Ren with Cointree, you are able to send your Ren to any other Ren wallet easily and instantly.
You can use Ren to buy many things online aswell as in physical stores. More businesses are accepting Ren every day.
Cointree provides a comprehensive learning hub to turn you from a beginner to an expert in no time.
You can pay any Australian BPAY bill using any digital currency.