Republic protocol



More wikis: All wikis   Bitcoin   Ethereum   Ripple   BCash   Monero   Ontology   Siacoin   Ada   Xem   Verge   Metal   Digibyte   Tron   Lisk   Binance   Electrify   Vechain   Prl  


From MyCryptoWiki
Jump to: navigation, search


Name: Republic Protocol


Ticker: REN


Price info: https://coinmarketcap.com/currencies/republic-protocol/



Website: https://republicprotocol.com/


What is Republic Protocol (REN)[ ]

Republic Protocol is building a decentralized dark pool.

For those unfamiliar with dark pools in traditional markets "Dark pools, is a type of alternative trading system, give investors the opportunity to place orders and make trades without publicly telegraphing their intentions until the sale has been executed. They are mostly used by institutional investors for block trades involving a large number of securities.”

It is estimated that about 40% of US equities are traded on dark pools.


Implications for Cryto trading[ ]

What does this mean for crypto since some places already offer OTC like Kraken Dark Pool?] Republic is building a decentralized dark pool where users are always in control of their private keys. Ren has partnered with 2 liquidity partners and are adding more. A decentralized dex seems like the next logical step with even potentially low fees of .1% being a massive amount of btc/eth to node runners.


REN Advisors and Investors[ ]

Advisor

Loi Luu who was involved in Ethereum, Kyber network, Zilliqa, and now Republic advises the project.

REN is also backed by both Polychain capital and Signum capital with Polychain being the premier VC fund in the crypto space and Signum being another major fund.


REN Technology and Token[ ]

The Republic Protocol uses cryptography to hide the order book and prevent malicious actors from potentially revealing it and is completely open source and decentralized.

The REN token has several utilities.

The first is 100k REN allows you to run a node on a CPU in which you get a transaction fees for all the orders your node matches on the platform. Additionally if you have 100k REN plus a yet to be determined amount of btc, eth, or erc20 you can opt to run a liquidity node for additional benefits.

Users can accept fees in eth, btc, or erc20 tokens. Additionally all traders are required to use REN as a bond to discourage malicious behavior on the platform.

The entire DEX dark pool is built around atomic swaps with testnet launching in May 2018, mainnet in q3 with btc, eth, and erc20 atomic swaps, followed by ltc in q4, and additional blockchains in 2019.

Lastly they are working on adding a fiat option, but that will be explored in greater detail post mainnet, but it is part of their plans.


Recent News and Developments[ ]

Republic Protocol (Ren), is soon to be listed on Huobi ,

The developers have also been very active, achieving #8 github ranking for commits and code progress for the past 3 months in the month of April 2018

Where to buy Republic protocol (REN)[ ]

Okex

Tidex

Idex

EtherDelta

Cobinhood

Liqui


You can buy REN on the above exchanges in the REN/BTC, REN/ETH, REN/USDT pairs.


Convert REN to USD EUR GBP and Fiat[ ]

Easily Calculate or Convert REN to US Dollars(USD), Euro(EURO) or Great Britain(GBP) Pounds and other World currencies below.

Our Crypto Converter makes this as easy as a breeze.


Price Prediction: Coin Price Predictions   future values