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
Spot market
Ren (REN) Resources
Simple 3-step guide to buying REN today in Ethiopia
Create your free Bitget account
Select a funding method
Complete your Ren purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Ren using a payment method of your choice:
Buy Ren with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Ren order.
How to buy crypto with credit/debit cardBuy Ren with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Ren is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Ren order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Ren order.Buy Ren with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Ren order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Ren in your Bitget spot wallet
Bitget—where the world trades Ren
How to buy Ren for free
- Learn how to earn Ren for free through the Learn2Earn promotion
- Earn free Ren by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Ren airdrops by joining ongoing challenges and promotions
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FAQ
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Ethiopia is located on the horn of Africa, a rugged country that encompasses the Great Rift Valley. It's a place of old culture, with archaeological artifacts dating back more than 3 million years. Ethiopia has a population of 121,396,689, and the official languages of Ethiopia are Amharic, Oromo, Somali, Tigrigna, and Afar. The official currency is the Ethiopian birr (ETB). In less than 10 mins, you can buy Ren(REN) and other cryptocurrencies from Ethiopia using the Bitget platform with P2P trading, crypto deposit, and third-party merchants like Apple pay and Google pay.
Ethiopia has a diverse climate and landscape, spanning from the equatorial rainforest with significant humidity in the south and southwest to Afromontane regions on the summits of the Semien and Bale Mountains to desert regions in the northeast, east, and southeast Ethiopia. Ethiopia's geographical structure and landscape consist of high plateaus, mountains, and dry lowland plains. Ethiopia has some of the world's most rugged and beautiful environments. The country is surrounded by beautiful cities like Addis Ababa, Gondar, Bahir Dar, Dodola, and Lalibela, anywhere you are located in Ethiopia, Bitget will be there to give you a seamless trading experience.
Interestingly Ethiopia is the oldest country in Africa, and it has stunning side attractions like Arba Minch, Awash National Park, Axum, Bahir Dar, Bale Mountains National Park, Gheralta, Gonder, Danakil, and many more. Ethiopia is a wonderful place to be.