Review on Ren by Paul Maduagwu
$REN added innovation to Defi.
REN $REN at the time of writing this review in hovering around $0.28. $REN is an ERC-20 token, its the utility token that powers Ren protocol, an open protocol built to provide interoperability and liquidity between different blockchain platforms.
$REN has a foot into decentralized finance, as its ecosystem product RenVM allows anyone to access/transfer any token between any blockchain. The project stands out by taking the extra step to integrate popular assets like Zcash, Bitcoin and Bitcoin Cash to Ethereums Decentralized finance (DeFi) ecosystem.
Its most popular trading pair is REN/stablecoin according to CoinmarketCap and CoinGeko. Looking at its 3 year chart it had an all-time high of $0.5 in September this year, so its clear that $0.5-$0.2 price range or below is possible with REN.
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Pros
- Listed on a long list of popular Exchanges.
- High number of holders.
- Ethereum token, it can be stored on any ERC-20 token compatible wallet.
- Recently updated on Github.
- Mainnet project.
- Good social media presence.
- Backed by working product (RenVM).
Cons
- Presale sold 60% of the total supply. Reduces decentralization.
