REN token

E216135

REN token is the native cryptocurrency of the Ren protocol, used primarily for staking and securing its decentralized network of Darknodes that enable cross-chain asset transfers.

All labels observed (2)

Label Occurrences
REN token canonical 1
Ren Protocol 1

How this entity was disambiguated

Statements (33)

Predicate Object
instanceOf cryptocurrency
utility token
associatedWith Darknodes
RenVM
blockchainPlatform Ethereum
linked to: Ethereum blockchain
canBeBridgedTo other blockchains via Ren Protocol
category cross-chain infrastructure token
interoperability token
economicRole deterring malicious behavior via stake slashing risk
incentivizing Darknode operators
ecosystem DeFi
governanceRole voting on protocol changes (where supported)
hasMaxSupply 1000000000 REN
launchedBy Ren Project
nativeTokenOf Ren Protocol
linked to: REN token
networkRole security of RenVM
previousName Republic Protocol token
requiredFor registering a Darknode
secures Ren network
linked to: REN
securityModel bonded staking
supplyType fixed supply
supports cross-chain asset transfers
symbol REN
tokenStandard ERC-20
tradableOn centralized exchanges
decentralized exchanges
transferableOn Ethereum mainnet
linked to: Ethereum blockchain
usedAs collateral for running Darknodes
usedFor bonding
governance participation
securing Darknodes
staking
utility pays fees to Darknode operators (directly or indirectly)

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Darknodes requireStake REN token
subject linked to: REN
REN nativeTokenOf Ren Protocol
subject linked to: REN token
linked to: REN token