About renBTC
REN Tokenized BTC Once an asset is in the custody of RenVM, an ERC20 token at a 1:1 value is minted on Ethereum - this can then be used as any ERC20 can within the Ethereum ecosystem (for example, swaps, collateralization, trades etc.)
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Market Stats
Market Cap
₹464.20M
-32.72%
FDV
₹19.27B
Circ. Supply
330 RENBTC
Max Supply
14K RENBTC
Total Supply
330 RENBTC
Diluted Valuation
₹425.48M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
₹2.54K
-0.6%
Volume (7D)
₹16.33K
Volume (30D)
₹78.84K
All time high
₹9.24M
Price Change (1Y)
-75.39%
Additional details
Recent trends
The latest RENBTC price is ₹1,400,361.41. Compared to renBTC's value of ₹1,398,359.33 from 24 hours ago, there's been a -0% decrease, while the current price is 7% up from ₹1,293,061.95 which was recorded one week ago. renBTC's all time high is ₹9,239,190.63, which was reached on November 27, 2024. This is a -85% change from its price today.
The current circulating supply of renBTC is 330. This is 2% of its max supply of 13,698 RENBTC and 100% of its total supply of 330. The market cap is currently ₹464.20M, which is a result of multiplying the current price of renBTC(₹1,400,361.41) by the total supply(330 RENBTC). The fully diluted valuation of renBTC is ₹19.27B. The diluted valuation of renBTC is ₹19.27B.
Market details
RENBTC vs markets
↘ 82.37%
RENBTC vs BTC
↘ 84.7%
RENBTC vs ETH
↘ 65.52%
Tags
defi
wrapped-tokens
rehypothecated-crypto
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xEB4C2781e4ebA804CE9a9803C67d0893436bB27D | |
BNB Smart Chain | 0xfCe146bF3146100cfe5dB4129cf6C82b0eF4Ad8c | |
Polygon | 0xDBf31dF14B66535aF65AaC99C32e9eA844e14501 | |
Gnosis | 0x4A88248BAa5b39bB4A9CAa697Fb7f8ae0C3f0ddB |
Price history
Time | Price | Change |
|---|---|---|
Today | ₹1,400,361.41 | ↘ 0.13% |
1 Day | ₹1,398,359.33 | ↘ 0.13% |
1 Week | ₹1,293,061.95 | ↗ 6.87% |
1 Month | ₹1,425,810.14 | ↘ 3.36% |
1 Year | ₹5,483,020.16 | ↘ 75.39% |
FAQ
renBTC (RENBTC) is a token developed by the Ren organization. The token is part of the Ren protocol project and the ERC-20 token. renBTC enables the decentralized representation of Bitcoin and Ethereum. The renBTC token aims to produce such a token whose value is tied to the value of Bitcoin.
The renBTC token is minted on the Ren platform. According to its whitepaper, Ren is a virtual machine protecting users' privacy while running zero-knowledge financial applications. Ren aims to be a driving force behind a new type of trustless distributed computation and also aims to protect the privacy of all users and data. Ren uses zkSNARK, which stands for "Zero-Knowledge Succinct Non-Interactive Argument of Knowledge." A zkSNARK is a cryptographic proof that permits a party to prove it has certain information without disclosing it. zkSNARK helps Ren build, deploy, and preserve the privacy of applications.
Ren is based on RenVM, a decentralized virtual machine that conducts private computations over a decentralized network and does not reveal the underlying information. RenVM is not an application but a network that permits developers to add functions of cross-chain to their DeFi applications. Also, RenVM brings interoperability to DeFi by allowing a permissionless exchange of values between blockchains. One can execute any program on RenVM, keeping its inputs, outputs, and state completely secretive.
Furthermore, RenVM is powered by Darknodes, a decentralized network of physical machines that provide their storage space and computer power in exchange for fees. All the programs executed on RenVM are hidden from the Darknodes that power the virtual machines. Darknodes is permissionless; however, a good behavior bond of one hundred thousand REN tokens is required to register and manage a Darknode to prevent the forging of many identities. REN is the platform's native token that is used as a bond to run a Darknode.
There are various Bitcoin backed tokens available. But unlike those tokens, the RENBTC token is not a synthetic token, collateral-backed token whose value varies based on the token’s reference index. RENBTC is independent of any liquidation mechanism. The token is a direct supply peg and there are always enough BTC available in order to cover the circulating supply of RENBTC tokens. Users can easily redeem their RENBTC tokens by sending them to RenVM. By doing so, native Bitcoin tokens are transferred to the users’ wallet address.
The Ren project was founded in 2017. The litepaper version v1.2 of Ren was released in Q1 2019. Loong Wang and Taiyang Zhang are the founders of the project.
We update our renBTC to INR currency in real-time. Get the live price of renBTC on Coinbase.
The current market cap of renBTC is ₹464.20M. A high market cap implies that the asset is highly valued by the market.
The all-time high of renBTC is ₹9,239,190.63. This all-time high is highest price paid for renBTC since it was launched.
Over the last 24 hours, the trading volume of renBTC is ₹2.54K.
Assets that have a similar market cap to renBTC include OEC BTC, Crypto.com Staked ETH, Axelar Wrapped USDC, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of renBTC is 330.
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renBTC calculator
1 renBTC (RENBTC) to Canadian Dollar (CAD)
CA$22,121.58
1 renBTC (RENBTC) to British Pound (GBP)
£11,985.07
1 renBTC (RENBTC) to Japanese Yen (JPY)
¥2,346,849.88
1 renBTC (RENBTC) to Indian Rupee (INR)
₹1,400,361.41
1 renBTC (RENBTC) to Real (BRL)
R$88,629.86
1 renBTC (RENBTC) to Euro (EUR)
€14,039.91
1 renBTC (RENBTC) to Nigerian Naira (NGN)
NGN 24,989,263.59
1 renBTC (RENBTC) to South Korean Won (KRW)
₩22,256,071.51
1 renBTC (RENBTC) to Singapore Dollar (SGD)
S$20,755.62
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