• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

The Ren Protocol neighborhood proposes a brand new token to increase capital to conserve the undertaking

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

The Ren protocol neighborhood is looking at building a new token for the platform to increase capital soon after the collapse of the Alameda investigation fund stalled the undertaking.

The Ren Protocol community proposes a brand new token to raise capital to save the project
The Ren Protocol neighborhood proposes a brand new token to increase capital to conserve the undertaking

Additionally, the Ren Protocol neighborhood is also voting to create the Ren Foundation, an organization that will lead the project’s long term growth. This vote is based mostly on a proposal submitted to the Ren DAO forum by Ren ecosystem advocate Maximillian Roszko.

Related articles

Noteworthy token unlocks in December 2023

Noteworthy token unlocks in December 2023

November 27, 2023
Cosmos Founder Proposes Blockchain Hard Fork, ATOM Discounts

Cosmos Founder Proposes Blockchain Hard Fork, ATOM Discounts

November 27, 2023

As component of the vote, Ren DAO members will make your mind up how numerous new REN tokens will be minted. The proposal incorporates 4 solutions of REN 50 million, one hundred million, 150 million or REN 200 million and the fifth choice of rejecting the total financing prepare. With the price tag of REN trading at $.085, the Ren protocol neighborhood can increase capital from $four million to $17 million.

📣 Calling all members of the Ren neighborhood

The Ren two. Funding and Ren Foundation Proposal are reside on Ren Forum and Snapshot

Proposal: https://t.co/yYjnCHl55y

Link to vote: https://t.co/JMjEmJgdTE

Review, examine and fee ️☑️

— Ren (@renprotocol) December 15, 2022

Additionally, the Ren Foundation, if established, will be the lead growth organization for Ren two., a new edition of the protocol that will roll out as a neighborhood-driven update soon after edition one. goes offline.

This stalemate stems from the Alameda investigation fund’s acquisition of the Ren protocol in early 2021 and holds the money for the undertaking. However, the Alameda Research and FTX exchange, which went bankrupt in November 2022, has place the Ren protocol in difficulty. The undertaking claimed to only have operational money until finally the finish of the yr, and now it is the Ren Protocol neighborhood that is getting forced to act to conserve the undertaking.

The dollars acquired from the new token sale will be split among the Ren Foundation and dark node miners, whose ecosystem members contribute their computing electrical power to safe the network and acquire rewards from Ren.

Ren Protocol Community Voting will finish on December 21st. According to information from the voting web site at the time of creating, the proposal garnered 79.14% of the votes in favour.

Synthetic currency68

Maybe you are interested:

Maybe you are interested:

Tags: brandCapitalCommunityprojectProposesProtocolRaiseRensaveToken
Share76Tweet47

Related Posts

James Wynn Halts Trading After Massive Loss

by shark
June 2, 2025
0

James Wynn, a prominent trader, suspended trading after a high-leverage strategy led from $4 million gains to $100 million, then...

Metaplanet Acquires 1,088 BTC Expanding Holdings Significantly

by shark
June 2, 2025
0

Japan's Metaplanet has acquired 1,088 more Bitcoin for $117.7 million, positioning it among the top ten global holders.

Bitcoin ETFs See $157 Million Outflow Ending Inflows Streak

by shark
June 2, 2025
0

The Bitcoin ETFs experience a net outflow of $157 million, ending six-week inflow streaks, reflecting shifts in investor sentiment due...

Nervos Network’s Force Bridge Compromised in $3M Hack

by shark
June 2, 2025
0

Cyvers Alerts reported a hack on Nervos Network's Force Bridge, compromising over $3 million in assets on June 2, 2025.

BitoPro Hack: $11.5 Million Lost in Taiwan

by shark
June 2, 2025
0

BitoPro, Taiwan-based crypto exchange, suffered an $11.5M hack in May 2025, with user fund impacts reported.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • James Wynn Halts Trading After Massive Loss
  • Metaplanet Acquires 1,088 BTC Expanding Holdings Significantly
  • Bitcoin ETFs See $157 Million Outflow Ending Inflows Streak
  • Nervos Network’s Force Bridge Compromised in $3M Hack
  • BitoPro Hack: $11.5 Million Lost in Taiwan
  • US Congress Moves to Introduce New Crypto Legislation
  • Singapore’s MAS to Curb Overseas Crypto Activities by 2025
  • Metaplanet Acquires 1,088 Bitcoin, Total Reaches 8,888 BTC
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7