/biz/ - Business & Finance

>saving this here to reference late summer when REN hits $1
>from: t.me RENpricechat

Given the recent confusion on Ren’s fundamentals and valuation, I'm going to put together some notes to share soon. In the meantime, consider this:

2017 - Ren (Republic Protocol at the time) sold out a $35mm ICO. The original plan was to build a Darkpool for digital assets - a way for to prevent front-running and price slippage by trading large amounts in a private, decentralized manner. This valuable idea placed them in the ‘interface’ layer of the stack.

2018 - Ren pivots to a 'middleware protocol' for darkpools. Rather than just building a single darkpool, why not provide the infrastructure for third parties to build multiple darkpools, pooling liquidity and providing a better end-user experience? RenEx and SwapperD were built and delivered by the team on time.

2019 - Ren team realize that what they built applies to much more than Darkpools, pivots down the stack once more to an ‘interoperability (+privacy) protocol’. The reason why RenVM is such a big deal is because rather than operating a single darkpool, or allowing multiple darkpools to build and connect, the protocol will now provide key infrastructure for DEXs, OTC desks, loan & leverage platforms, liquidity pools, NFTs, DApps, etc. to operate with value interoperability and soon privacy. This is a MUCH bigger proposition than the team started with which, remember, they raised $35mm for. Early participants and those who have been watching for a while now are unlikely to sell so quickly because they are aware of how much the scope has broadened.

...cont.

>>14970520

need to set your sights higher anon.

>>14924663


So comfy...Precisely how I feel today, thanks anon.

Here's a nice moon shot I just whipped up.