renBTC Market Cap Reaches $22.91 Million (RENBTC)

renBTC (RENBTC) traded up 2.7% against the US dollar during the 1 day period ending at 16:00 PM Eastern on June 9th. One renBTC token can now be bought for about $69,429.34 or 0.99650846 BTC on popular exchanges. renBTC has a total market cap of $22.91 million and $161.94 worth of renBTC was traded on exchanges in the last day. During the last week, renBTC has traded up 2.4% against the US dollar.

Here is how related cryptocurrencies have performed during the last day:

  • KILT Protocol (KILT) traded 0.8% higher against the dollar and now trades at $0.25 or 0.00000354 BTC.
  • Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
  • CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
  • Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
  • Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
  • Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 BTC.
  • Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
  • Lumi Credits (LUMI) traded up 2.7% against the dollar and now trades at $0.0105 or 0.00000015 BTC.
  • AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

renBTC Token Profile

renBTC launched on May 26th, 2020. renBTC’s total supply is 330 tokens. The official message board for renBTC is medium.com/renproject. renBTC’s official website is renproject.io. The Reddit community for renBTC is https://reddit.com/r/renproject and the currency’s Github account can be viewed here. renBTC’s official Twitter account is @renprotocol and its Facebook page is accessible here.

According to CryptoCompare, “RenVM implements universal interoperability using the tokenised representation model. However, it introduces several advances that aim to solve many of the technical and economic problems in existing models.

RenVM was created to replace the role of the trusted custodian with a decentralised custodian. This decentralised custodian is implemented using the RZL MPC algorithm, which can generate and manage ECDSA private keys without exposing them (not even to the machines that power RenVM). This improves on WBTC and imBTC by removing the need to trust a centralised custodian.

renBTC (RENBTC) is a one for one representation of BTC on Ethereum via RenVM.”

Buying and Selling renBTC

It is usually not currently possible to buy alternative cryptocurrencies such as renBTC directly using U.S. dollars. Investors seeking to trade renBTC should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy renBTC using one of the aforementioned exchanges.

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