renBTC (RENBTC) Hits Market Capitalization of $21.66 Million

renBTC (RENBTC) traded up 1.6% against the U.S. dollar during the 1-day period ending at 23:00 PM Eastern on June 15th. renBTC has a total market capitalization of $21.66 million and $985.86 worth of renBTC was traded on exchanges in the last 24 hours. One renBTC token can currently be purchased for about $65,661.65 or 0.99341913 BTC on popular exchanges. During the last week, renBTC has traded 5.8% lower against the U.S. dollar.

Here is how similar cryptocurrencies have performed during the last 24 hours:

• KILT Protocol (KILT) traded up 0.6% against the dollar and now trades at $0.23 or 0.00000344 BTC.
• Aidi Finance (BSC) (AIDI) traded down 2.2% 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 2.2% lower 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 1.2% higher 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% lower against the dollar and now trades at $0.0103 or 0.00000016 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

renBTC Token Profile

renBTC’s genesis date was May 26th, 2020. renBTC’s total supply is 330 tokens. The Reddit community for renBTC is https://reddit.com/r/renproject and the currency’s Github account can be viewed here. renBTC’s official website is renproject.io. renBTC’s official message board is medium.com/renproject. renBTC’s official Twitter account is @renprotocol and its Facebook page is accessible 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 possible to purchase alternative cryptocurrencies such as renBTC directly using US dollars. Investors seeking to acquire renBTC should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase renBTC using one of the aforementioned exchanges.

RENBTC/USD price chart by TradingView