renBTC Price Reaches $58,705.02 on Exchanges (RENBTC)

renBTC (RENBTC) traded down 0.1% against the U.S. dollar during the 24-hour period ending at 14:00 PM E.T. on September 3rd. renBTC has a total market capitalization of $19.37 million and approximately $370.92 worth of renBTC was traded on exchanges in the last day. One renBTC token can currently be bought for approximately $58,705.02 or 1.01573024 BTC on exchanges. During the last seven days, renBTC has traded 4.3% lower against the U.S. dollar.

Here’s how other cryptocurrencies have performed during the last day:

• Taiko (TAIKO) traded down 3.9% against the dollar and now trades at $1.42 or 0.00002455 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 down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 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 down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded down 3.7% against the dollar and now trades at $0.0506 or 0.00000088 BTC.

renBTC Token Profile

renBTC launched on May 26th, 2020. renBTC’s total supply is 330 tokens. renBTC’s official message board is medium.com/renproject. 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 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 currently possible to buy alternative cryptocurrencies such as renBTC directly using U.S. dollars. Investors seeking to acquire renBTC should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy renBTC using one of the aforementioned exchanges.

RENBTC/USD price chart by TradingView