renBTC Hits Market Capitalization of $19.28 Million (RENBTC)

renBTC (RENBTC) traded 3.4% higher against the U.S. dollar during the 24 hour period ending at 15:00 PM ET on May 4th. One renBTC token can now be purchased for about $63,305.39 or 0.99461140 BTC on popular exchanges. During the last seven days, renBTC has traded down 0.8% against the U.S. dollar. renBTC has a market capitalization of $19.28 million and $5,166.93 worth of renBTC was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed during the last day:

• KILT Protocol (KILT) traded up 0.5% against the dollar and now trades at $0.30 or 0.00000471 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 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 up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 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 0% higher against the dollar and now trades at $0.0101 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 Profile

renBTC’s genesis date was May 26th, 2020. renBTC’s total supply is 304 tokens. renBTC’s official website is renproject.io. The official message board for renBTC is medium.com/renproject. renBTC’s official Twitter account is @renprotocol and its Facebook page is accessible here. 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 currently possible to purchase alternative cryptocurrencies such as renBTC directly using U.S. dollars. Investors seeking to trade renBTC should first purchase 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 purchase renBTC using one of the aforementioned exchanges.

RENBTC/USD price chart by TradingView