Cryptocurrency Q&A
What is the use of Ren coin?
What is the use of Ren coin?
CryptoLegend
Thu Oct 24 2024
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6 answers
1104
I have heard about Ren coin and I am curious to know its use cases. Can someone explain to me what Ren coin is used for and its significance in the cryptocurrency market?
6 answers
Riccardo
Sat Oct 26 2024
To register and run a Darknode, a minimum of 100,000 REN tokens is required.
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CherryBlossomFalling
Sat Oct 26 2024
The renaming of Ren as a DeFi interoperability protocol has led to a significant change in the function of the REN coin.
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Luca
Sat Oct 26 2024
Now, the REN coin serves as a bond for operating a Darknode, which is a crucial aspect of the Ren network.
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Isabella
Fri Oct 25 2024
This requirement is in place to ensure the security and integrity of the Ren network.
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SamuraiWarrior
Fri Oct 25 2024
By setting a high threshold for Darknode operators, the network can prevent malicious actors from creating a large number of fake identities and running multiple nodes.
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