🔥 TOP Crypto TIPS In My E-newsletter 👉
🛒 20% Binance Low cost 👉
👕 “Bitcoin Evolution” Shirt 👉
📲 Insider Data in my Socials 👉
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📺Important Movies📺
RenVM Defined 👉
Pancakeswap Defined 👉
Tokenomics Defined 👉
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– TIMESTAMPS –
0:00 Intro
2:28 Ren Recap
5:02 Ren Updates
6:55 REN Worth Evaluation
9:45 REN Worth Potential
11:31 Ren Roadmap
13:46 Centralization Issues
15:40 Conclusion
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⛓️ 🔗 Helpful Hyperlinks 🔗 ⛓️
► Ren defined intimately:
► Ren Bridge 2.0:
► Ren + Alameda partnership:
► RenVM statistics:
► Ren centralization particulars:
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👨🏫Ren Recap👨🏫
Ren was based by Australian software program builders Taiyan Zhang and Loong Wang in late 2017. Again then Ren was often known as ‘Republic Protocol’ and centered on making it doable to do trustless OTC trades.
Republic Protocol rebranded to Ren in 2019 and shifted its focus to interoperability, making it doable to switch cryptocurrencies between blockchains in a trustless method.
The Ren primary web launched in Might of 2020, making it doable to make use of Bitcoin, Bitcoin Money, and Zcash on the Ethereum blockchain.
📰Ren Updates📰
In August 2020, Ren partnered with Acala Community to carry Bitcoin to the Polkadot ecosystem. In September 2020, Ren introduced they’d even be supporting the Binance Good Chain.
In October, the Ren token was listed on Coinbase. In November, Ren unveiled their Multichain improve, which foreshadowed assist for Digibyte, Dogecoin, Filecoin, and Terra.
In February, Ren formally built-in the Binance Good Chain. In addition they turned part of Alameda analysis and can be working to carry wrapped belongings to the Solana blockchain.
📈REN Worth Evaluation📉
In mid-February, REN reached its tentative all time excessive of 1 and a half {dollars}, a 10x transfer. This was seemingly pushed by the announcement that Ren had formally added assist for the Binance Good Chain.
As a result of REN’s solely use case is as a bond for Darknodes, its worth is extremely correlated to the TVL inside the RenVM, which has been more and more steadily over time.
🤑REN Worth Potential🤑
How excessive REN may go appears to rely upon the TVL locked inside the RenVM. Though this has been more and more steadily as Ren provides assist for brand new chains, these new chains aren’t including TVL.
Furthermore, renBTC is the first asset being minted by the RenVM – individuals don’t appear to be wrapping some other supported cryptos. Nonetheless, hypothesis and a low market cap may drive REN increased.
📅Ren Roadmap📅
In short, the endgame of Ren is to turn out to be the interoperability hub for all the cryptocurrency area. To attain this, they’re planning on doing two issues.
First, they’ll make it doable to immediately mint wrapped belongings because of an elaborate p2p mortgage mechanism which has but to be carried out.
Second, they’ll make it doable to swap wrapped belongings immediately between chains as a substitute of getting to undergo the primary chain as a center man (e.g. unwrap again to Bitcoin, then wrap onto one other chain).
👀Centralization Issues👀
Though RenVM has practically 1800 Darknodes, they don’t even have very a lot energy over the community.
Virtually all the pieces concerning the RenVM is managed by the Greycore, a set of 13 Darknodes run by the Ren crew.
Fortunately, the Ren crew has been planning to decentralize the RenVM for a while now, and detailed this course of in a Medium submit final summer season.
No date has been set for this but nevertheless, and one thing tells me that it is going to be pushed again with every further chain that’s added to the RenVM.
~~~~~
📜 Disclaimer 📜
The data contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who will not be a licensed monetary advisor or registered funding advisor. Buying and selling cryptocurrencies poses appreciable danger of loss. The speaker doesn’t assure any specific final result.
#Ren #defi #crypto #ethereum #renvm #blockchain #renbtc
Source: Coin Bureau
45 Responses
As usual folks, watch scammers in the comments. Hope you guys enjoyed the video! Don't forget you can follow me on my socials to see the content, analysis and behind the scenes views that you are not getting here 👉 https://guy.coinbureau.com/socials/
If you've missed out on the ETH, BTC or Doge train to make money. Please check out the newly released token- Baby Moon Wolf which is a Binance Smart Chain token.
It is only about a month old project. Has a great team promoting it as a community token. Current holders: 24k. It's listed on CoinMarketCap and Coingecko websites. This crypto DeFi token is not a scam as i've checked it for rugpull potential with DexTools and Poocoin. I have my own money invested in it. Since it has a good team and community behind it, it can potentially be the next Dogecoin. Im pretty confident Baby Moon Wolf will go 100x in a month with this much advertising and future merch stores being planned.
Guys checkout Pnetwork (pnt). It functions just like REN but even better. You can transfer NFT to other network.
Guys BigONE exchange just listed BONE, & will hold Deposit & Trade Event w/ $10,000 rewards!
I hope Ren will keep raising 🚀🚀
TVL ratio is .67
I’m convinced I’ll buy a small amount
REN will got to 10$ this year.
REN is a project that wants to enable swapping of cryptocurrencies between different blockchains. Polkadot is a project that wants different blockchains to communicate with each other. Isn't it easy for Polkadot to enable swapping of cryptocurrencies between different blockchains? Does anybody know RENs competitors. By now I know Thorchain.
TY 😊
I’m here to answer the question.
The answer is no. No it’s not.
Did he say he holds 2% of REN Tokens…. :p
I’m so proud being part of REN. REN started in Canberra, Australia and managed to go overseas to raised fundings.
I am going to hold REN for next 6/7 year !
Macy looks and speaks like a female Elon 😯
REN it is!
Would love to see you do a REN vs RUNE (ThorChain) vid. BTW… great work Guy! Love the channel.
How does it compare to KAVA? I think KAVA is more of a crypto bank, right?
The amount of work and investigation guy is putting on evwry single video , makes him the goat on The crypto space. Thanks legend, your work is really apreciated.
Loong Wang cousin of Loong Duk Dong ?
sorry couldnt help myself…. lol
Could you please do another review of Hedera Hashgraph? A lot has changed in the last few months. I’m sure it would bring a lot of new followers.
Thank you
Nice
I bought ten at 1.26 $28 im down to $10 😭😭😭😭😭😭😭😭😭😭
Somebody buying REN during the dip?
I am excited to follow you. Great content from you Guy!
Ren undervalued. 72c$
Thank you 😁😁😁😁😁😁
thx
your t-shirt ❤
To call you financial advisor would be underestimating you. Thanks for your time and efforts. Very helpful very knowledgeable
Despite the recent changes in the market, Rentible RNB is for sure in my top 3 of the best gems this semester
Im very suprised renDOGE hasnt been a narrative yet in Defi.
I got some Ren 2 days ago
Truly an informative channel and Guy ROCKS. As I am researching and learning, I come across your points therefore, I trust your input as it has been researched. Great Job!!!
Looking forward to seeing where this project goes. Thanks for the video!
Really like the way you explain, easy to understand for people who don't speak english very good like me 🙂
I’m on REN 😁👍
Still nobody has boticed it
Never get tired of watching your videos, and meanwhile I practice my english hearing with your excellent pronunciation!
Watch this space – I'm about to pump this token
Hey if any one reads this are you still holding or selling your ren. I'm holding. Hope it goes soon
You're just BEST in the game!
Not much traction on ren in the last couple weeks. I hope it moves soon
REN, XLM, and XRP… get it how u live
Automate is truly the safest platform you can invest your funds.I must commend the platform, they are always consistent with withdrawals and their payments are automated always making me happy💯