renBTC Reaches Market Cap of $19.67 Million (RENBTC)

renBTC (RENBTC) traded 6.1% lower against the US dollar during the 1-day period ending at 0:00 AM Eastern on July 2nd. Over the last week, renBTC has traded down 5.7% against the US dollar. One renBTC token can currently be purchased for about $59,627.62 or 0.98147819 BTC on major exchanges. renBTC has a market capitalization of $19.67 million and $106.91 worth of renBTC was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed over the last day:

• KILT Protocol (KILT) traded down 2.4% against the dollar and now trades at $0.21 or 0.00000340 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 down 2.2% 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 1.9% higher 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.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 1.5% higher against the dollar and now trades at $0.0120 or 0.00000020 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

renBTC Profile

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

renBTC Token Trading

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

RENBTC/USD price chart by TradingView