#Binance Lists #RepublicProtocol (#REN)
Binance will open trading for REN/BTC and REN/BNB trading pairs at 2018/12/06 10:00 AM (UTC). Users can now start depositing REN in preparation for trading.
The Republic Protocol team will donate 28,000 BNB to the Blockchain Charity Foundation in appreciation for this listing.
About Republic Protocol (REN): Republic Protocol is a decentralized network that utilizes secure multi-party computation (sMPC) to match orders without exposing the price, or volume, of the orders. Dark pool exchanges powered by Republic Protocol support large volume trades, with minimal price slippage and market impact, whilst guaranteeing the rules of the dark pool cannot be broken. REN is used as a bond that is staked to enable the operation of a Darknode in the network. The bond is slashed if the network detects malicious behavior, ensuring the security of the network through incentive mechanisms.
About Binance: Binance is one of the largest and most liquid alt coin trading platforms with millions of users from over 200 countries. It's only fundable by crypto and it offers easy trading on over 150 different cryptocurrency pairs.
About Binance Coin (BNB): During it's ICO, Binance issued its own token called the Binance Coin, with BNB as the symbol. BNB runs natively on the Ethereum blockchain and follows the ERC20 token standard.The token was established with a total supply of 200 million. As per their whitepaper, Binance plans to use 20% of our profits each Quarter to buyback and burn BNB, until 50% of the total BNB supply (100 million) is burned. The BNB token itself has multiple forms of utility, essentially being the underlying gas that powers the Binance Ecosystem. The current most prominent use cases include using BNB to: - Pay for trading fees on the exchange, obtaining the equivalent of a 50% discount on trades (during the first year). - Monaco has included support for Binance’s BNB token to its platform which includes the Monaco Visa Card and mobile app. - Uplive platform supports BNB to buy virtual gifts. You can use BNB to pay for any fees on their platform, including but not limited to: Exchange fees, Listing fees, and any other fee. When you use BNB to pay for fees, you will receive a significant discount.
Binance Coin (BNB) is down 16% over the past 24 hours and is currently trading at $5.00 USD
Republic Protocol (REN) is up 30.2% over the past 24 hours and is currently trading at $0.023596 USD
