Bob’s Gem Of The Day 4: Republic Protocol – The Darknode Cryptocurrency
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Republic Protocol -$REN
Republic Protocol ($REN)
CMC Rank: #188
Current Trading Price:
Returns since ICO
0.71xUSD
3.34xETH
1.05xBTC
About $REN: Republic Protocol is an open-source decentralized dark pool exchange. It facilitates cross-chain atomic trades on a hidden order book over the Ethereum and Bitcoin networks. Miners within the protocol run equation solving nodes to earn REN tokens and match orders without revealing the underlying trade until execution. This system creates a trustless trading system for large block orders enabling ERC20, Ethereum and Bitcoin pairs to be executed with minimal price slippage and provides protection from front-running.
Social Media Comparison:
Telegram members: 9,979 Medium
Twitter members: 4,866 Medium
Reddit members: 679 Medium to Low
Competitors:
Exchanges:
Chart: Looking over bought right now. Has been on quite a run the last week or so. Bull flag appears to be forming on the weekly chart.
Why It’s Bob’s Pick:
- REN gives you the chance to own the only Darknode in the cryptospace. Daily rewards from exchange activity could be fairly lucrative as darkpool trading accounts for more than 15% in some markets.
- 1 Darknode = 100,000 $REN =$4049 at today’s prices.
- Team are A+
- Legit use of token.
- Great partnerships (BitGo, $WBTC)
Long term outlook: Bullish
Final thought:
I think this is a smart money move and as the markets become ever more bullish I would expect a $REN darknode to become an incredibly valuable asset to have in the crypto space.
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