Project Safety Score

Thu, Mar 28, 2024 12:00 AM

	Market Cap	$60,197,849.6
	Market Dominance	0.0051
	24hr Volume	$2,712,503.59
	Price	$0.0603

62%

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Name

Ren

Type

token

Platform

Ethereum

Ren (REN) is a token operating on the Ethereum platform. This project was released in early 2018.

1/5

(1 review)

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Fredy 1 year ago

I asked why the team would not provide a breakdown of the expenses they received from Alameda, that in one AMA they revelead they received 750K per quarter, also, asked why did they, without much information about the status of Alameda, decided to shutdown Ren 1, and was kick-out of the discord server. I also said that there is a probability that they were doing wash bridging to prop-up volume with that money, and my reasons to suspect that are the following: 1. Is common practice between Crypto Projects including CEXs and DEXs to do wash trading to prop-up volume. 2. Right before Loong leaved the project, a couple months after the Alameda fiasco, they said that it was needed to bring down TVL, and made more expensive to Mint REN but cheaper to Burn, that would benefit big whales (loong) trying to exit the renBTC, but also, killed the volume, (so a good alibi to tone down the wash bridging) 3. I also find it incredibly suspiciuos that over the years of following the project, there ha

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75%

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0/5

(1 review)

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good

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Bullish

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Ren Profile (REN)