How to buy Ren from Bitget 

What is Ren (REN)?

Ren is a decentralized protocol that enables you to move your digital assets and perform various activities across multiple blockchain platforms. It is powered by the Ren Virtual Machine (RenVM), a network that connects blockchains and allows interoperability between them.

The project was created by Taiyang Zhang and Loong Wang, two software engineers from Singapore in 2017. Till now, the Ren team is still based in Singapore.

How Ren (REN) Works

RenVM, the core of Ren, is run by nodes known as Darknodes. Each independent computer has to deposit 100,000 REN tokens to run a Darknode. This money is used to compensate any asset lost in the process of moving from one blockchain to another caused by a certain Darknode. Darknodes are randomly designated into groups called shards once a day, making the protocol less vulnerable to Sybil and colluding attacks.

With this setup, RenVM allows three kinds of cross-chain transactions:

• Lock and mint: sending an asset from its original chain to a host chain

• Burn and mint: sending an asset from a host chain to a different host chain

• Burn and release: sending an asset from a host chain to the original chain

How Many Ren (REN) Tokens Are in Circulation?

REN is the native token of the Ren network that follows the ERC-20 standards. It has one billion tokens in total supply, and almost 100% of them have been distributed.

How to Buy Ren (REN)

Consider investing in Ren (REN)? It only takes 2 minutes to create an account on Bitget and start trading REN. 

Check out the available REN trading pairs on Bitget!

Futures market

RENUSDT

Spot market

RENUSDT

Ren (REN) Resources

Official Website

Official Documents

Bitget: Where The World Trades Ren

Fast

Bitget’s world-class matching engine supports up to 1,400,000 orders per second. This ensures that your crypto trading experience is quick and reliable.

Simple

Trading crypto on Bitget is easy and intuitive. You only need a few steps to buy Ren instantly.

Secure & Trusted

Millions of global crypto users trust us. Our multi-tier & multi-cluster system architecture and SAFU (Secure Assets Fund for Users) insurance fund protect your account.

Liquid

Bitget is the world’s most liquid cryptocurrency exchange, with the biggest volumes across multiple crypto pairs.

How to buy Ren from Bitget 

What to Do After I Buy Ren

Store/Hold Ren

Many users hold on to their Ren with the expectation of it increasing in value. You can store your REN safely on your Bitget account or on our crypto wallet app Trust Wallet, the most user-friendly and secure mobile wallet.

Trade Ren

You can trade Ren for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for Ren trading to meet your needs.

Send Ren

Yes, Bitget allows you to easily transfer value around the world, fast. You can buy Ren online and send to anyone and anywhere with their Ren address.

Spend Ren

You can also buy goods and services with your Ren. More and more vendors and retailers accept Ren every day.

Donate Ren

Bitget Charity accepts Ren donations for global projects that aim to improve the lives of people in the bottom billion. You can donate Ren so no one misses out on the growth made possible by blockchain.

Learn More About Ren

You can read more in-depth articles on Ren from Bitget Research and study how cryptocurrencies like Ren work on Bitget Academy

Buy and Sell REN on the Move

Download the Bitget crypto trading app and trade your REN plus 150+ cryptocurrencies, anytime and anywhere.

(!) Cryptocurrency investment activities, including actions done to buy Ren online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Ren instantly, and we put our best efforts to fully inform our users about each and every cryptocurrency we offer on the exchange, but we are not responsible for the results that may arise from your Ren purchase. This page and any information in it is not meant to be interpreted as an endorsement of any particular cryptocurrency or method of acquiring it.