renDOGE

What is RENDOGE and how Does It Work?

Ren is a token project delving into platform development and introduction. Ren 2.0 now supports NFTs, and there are trials in progress for the creation and removal of NFTs. With an integrated FROST algorithm and Darknode client, Ren ensures a secure transition. Supporting both Polygon and Ethereum ecosystems, the Ren Project allows traders to manage asset-backed and wrapped tokens. The primary endeavors of the Ren Foundation at present involve research and development for Ren v2, with an aim to address Bitcoin scripting limitations and interoperability issues. An interoperability protocol utilized by the Ren project helps enhance the usability of Bitcoin. Dogecoin, wrapped Ethereum, and ERC20 tokens are currently supported by Ren.

Partners and integrators who can assist with testnet testing and application refinement for new network contracts are being sought by the Ren Foundation. Ren's journey began in 2017, its goal is rooted in facilitating the growth of decentralized finance and value movement across blockchains. There exists a collaborative venture between Ren and Moonbeam, which aids Ren's support on Moonbeam's testnet and mainnet. The Ren foundation is independent, with a focus on research and development, protocol design improvement, enhancing user experience and pursuing financial protocols.

To ensure the security of key creation and distribution, nodes are facilitated by the foundation, post the implementation of distributed key generation (DKG). At the present moment, Ren is broadening transaction types via a new MPC algorithm and working on rewards for node operators as well as stakers. Ren Foundation is set on board expansion to enhance strategic decision-making and ecosystem development. Chaos testing and adaptation of old features to the new MPC algorithm will be included in the completed version of Ren 2.0. Researchers and developers eager to promote Bitcoin adoption are welcomed by Ren.

RenDOGE, a wrapped Ethereum ERC20 token, is part of the Ren protocol project. The Ren Foundation, a certified non-profit organization based in the Cayman Islands, was created to nurture the growth and development of the REN protocol and its implementations. Currently, the Ren Foundation is assessing Ren 2.0 through continuous testing. An updated Ren testnet houses contracts such as the Darknode Registry and operates on the Kovan and Goerli networks following the Kovan network's discontinuation by the Ethereum community. In regards to the governance of the Ren protocol, contributors are active and are encouraged to contribute to the ecosystem.

The Vision and Mission Behind RENDOGE

REDOGE utilizes a deflationary mechanism on the BNB Smart Chain (BSC). A fraction of every transaction, 10%, is disbursed to the liquidity pool and holders of REDOGE. This process enables a reward system and motivates holders not to sell their tokens. In addition, 5% of each transaction is set to eradicate, correspondingly decreasing the available supply, adding to the deflationary aspect of REDOGE. The token is also looking ahead at integrating with an NFT marketplace that will emphasize dog-related artwork, building bridges between the token and art communities.

How to Buy and Store RENDOGE?

To purchase RENDOGE, Flooz.xyz offers a streamlined process. Traders can purchase RENDOGE via Flooz.xyz, a one-stop solution that provides a smooth checkout without the need to own a wallet. Tap tap go! All payment methods are supported. Using Flooz self-custodial web wallet, you ensure seamless RENDOGE transactions, including storing, sending, and receiving tokens. You can create a self-custodial wallet directly on Flooz using your email, Google, and Apple ID in a matter of seconds. This also ensures that you have access to your funds at all times, thanks to the power of cryptography. Flooz.xyz aggregates more than 50+ providers to ensure you with the fastest and cheapest payment routes for your RENDOGE trades. This seamless and optimized trading experience has captivated over 85,000 active traders on Flooz.xyz.

RENDOGE Metrics:

• Current price: $0.0098

• Market cap: $56.55 k

• All-time high: being indexed (being indexed)

• All-time low: being indexed (being indexed)

• Daily trading volume: $23