renBTC (RENBTC) Price Tops $63,744.36 on Exchanges

renBTC (RENBTC) traded down 2.7% against the dollar during the one day period ending at 23:00 PM E.T. on June 17th. In the last seven days, renBTC has traded 5.2% lower against the dollar. One renBTC token can currently be bought for about $63,744.36 or 0.97418940 BTC on popular exchanges. renBTC has a total market capitalization of $21.03 million and approximately $295.27 worth of renBTC was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed in the last day:

  • KILT Protocol (KILT) traded down 6.2% against the dollar and now trades at $0.21 or 0.00000322 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 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 down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
  • Lumi Credits (LUMI) traded 2.9% lower against the dollar and now trades at $0.0102 or 0.00000016 BTC.
  • AXIA Coin (AXC) traded down 0.1% 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. renBTC’s official Twitter account is @renprotocol and its Facebook page is accessible here. renBTC’s official website is renproject.io. renBTC’s official message board 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.”

Buying and Selling renBTC

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

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