renBTC (RENBTC)
Summary
renBTC (RENBTC) in Summary
RenBTC is an ERC-20 token built on the Ethereum network, pegged to Bitcoin.
Unlike other Bitcoin-backed tokens, renBTC is not a synthetic token, and doesn’t rely on any liquidation mechanisms to ensure it remains pegged to the value of BTC — instead, it’s a direct supply peg, meaning there are always enough BTC in reserve to cover the circulating renBTC supply.
Ren (formerly Republic Protocol) — the development firm behind the Ren ecosystem was founded by Taiyang Zhang, who is also its current CEO.
Zhang was also a founding member of KeeperDAO and is one of the co-founders of Virgil Capital.
The Ren team also includes Loong Wang, the current CTO of Ren.
FAQs
FAQs about renBTC (RENBTC)
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