For those who know how to differentiate a shit post and a good post in Jow Forums, this is for you:
in about 1-2 weeks, Republic Protocol (REN) will allow ANYONE to run a node, which costs like 3K now.
All the whales who will be using the platform (billionaires, VCs) are the ones actually buying up the nodes so they get a fee back for their OWN order. There is a guy in telegram who showed he has 71 nodes!
So +80% of the supply will be locked while these whales run the nodes as they are trading millions in BTC, ETH, ERC20 tokens.
Look at the partnership they just announced last week (left image)
It's very hard to find tokens that have real utility. I mean usefulness right now, that is solving a real problem. What even more rare is a project that is a first-mover, providing incentives to the network, AND solving a real problem.
Bitcoin, Ethereum, and a small group of other tokens including Republic Protocol, are doing real work in a space filled with promises and maybes.
Its refreshing and obvious when I stumble upon pragmatic projects.
This partnership represents a maturation for digital asset markets and is a significant first step in developing quality decentralized solutions to address inefficiencies within the current OTC market.
Wyre will be providing liquidity to RenEx and serve as a Key Liquidity Partner with Wyre’s OTC trading desk. Having ample liquidity is a necessary component for any dark pool to thrive and we believe this arrangement will only complement our two projects. By virtue of providing liquidity to RenEx, Wyre will be participating in Republic Protocol’s Liquidity Incentive Program, which consists of a revenue sharing agreement emanating from RenEx dark pool fees.
Wyre will be providing KYC integration services to RenEx. Know Your Customer (KYC) is a compliance reality that the decentralized finance world must move towards and we are setting precedence by partnering with an industry leader. Check out Wyre’s recent blog covering the importance of proactivity here.
Wyre will assist in onboarding OTC traders to RenEx through Wyre’s broker services. Wyre will use its existing network to ensure a new cohort of OTC traders can gain exposure to and have easy access to RenEx. Check out Wyre’s OTC infrastructure here.
This is the difference between this project. It's being picked up by the news and giant websites as not a "crypto" project but the first DARK POOL EXCHANGE in the world which solves every single problem that dark pools set up by gold man sachs etc have..
i hope you guys read this and do your research
Charles Martin
There is a very nice valuation analysis on this token but look at the picture I attached (very good scenario basis)
1 node right now costs $3000 2020 revenue /node: 64k 2021 revenue / node 164k 2022 revenue /node 301k
here is the article, it also talks about the absolute worst scenario .. the post is from June, since then they announced HUGE partnerships like WYRE and now yesterday they announced teaming up with USDT.
My argument is that you have no argument. You didnt even say what the coin does. just BUY NODES MOON SOON! This sounds like a ponzi scheme. If a coins only purpose is to obtain more of itself then its a ponzi.
Luke Moore
This is EXACTLY what this project is not about. This is NOT another blockchain, a new ethereum, a new vechain, this is EXACTLY the opposite of hyping and dumping.
PLEASE read this so you don't regret when you look back at this post
In the year 2017, a total of 2T USD in digital assets was traded on public exchanges. As we approach the close of Q2 2018, over 4.5T USD has already traded this year. Conservatively, we project that about 8T USD in digital assets will be traded on exchanges by the end of 2018. Of note, these numbers do not include the unreported off-exchange volumes traded in OTC deals. Based on our market analysis, we perceive the last three years as periods of exceptionally rapid expansion of the digital asset sector. It is not reasonable to assume that the annual trade volumes will continue to grow at the rate shown in the chart above. If it did, the annual trade volume of digital assets would approach the 100T total annual trade volume of equities in 2019 and far surpass it in 2020.
Brandon Rogers
Ok I skimmed the article. Its a decentralized exchange. Wow. Who cares. There are hundreds of those. Then its got some unproven claims about privacy. I find that highly doubtful based on how large zero knowledge proofs are and the fact that its hosted on ethereum.
Camden Kelly
dont waste your time and bumb up this pajeets street shitting fest user.
this braindead faggot is shilling worthless dex ico bags in peak bear market ON BIZ, imagine being this retarded
Parker Howard
This is not another decentralized exchange. That one article brings up 3-4 of what makes REN set up for success.
That's fine, I respect your decision, please move on. Just don't claim that this is like IDEX
Nathan White
no problem :) i kind of hoped my post would not attract people like you but i failed at that. no worries. this is just for those who know how to differentiate posts on Jow Forums
Aiden Garcia
Then what is it pajeet? Why cant you answer a simple question?
Jaxon Flores
OP has really been polite the entire thread inspite being called names. I am going to do some research. At first glance it does not seem promising though.
Charles Reyes
Politeness doesnt mean its a good coin. He keeps skating around my question which is a huge red flag. Those holo cucks do the same thing.
It's a DARK POOL (like the one goldman sachs) runs)
Republic is utilizing secure multi-party computations and a cryptographic concealment scheme known as Shamir Secret Sharing. Additionally, zero-knowledge proofs are used to verify the secure multi-party computations which occur without revealing underlying information to the computing parties or other observing parties,
Additionally, 3rd parties will also be able to launch their own darkpool exchanges that utilize the Republic Protocol darknodes
Prior to the matching process, each order is fragmented and encrypted whereby no underlying information is able to be discerned. Once orders are matched, assets are manually swapped via Republic Protocol’s decentralized exchange network. The asset exchange is then settled on the blockchain of the underlying assets (i.e. settled on the native blockchain of the digital assets that were traded). Once the asset swap is publicly initiated, this information becomes observable and can be identified by examining the underlying blockchain.
The Republic Protocol is able to limit this attack vector by requiring all traders to post bonds in REN as collateral for each order they open. This bond requirement places nefarious actors at risk of significant capital loss
** DO YOURSELF A FAVOR AND READ THEIR PARTNERSHIP WITH WYRE *** this tells you who is going to be behind this.
Again, for those of you not interested just move on. After being in this space for 4+ years awaiting institutional money, i have never seen a project like this, specially with FBG Capital and Polychain.
If each order is fragmented there is more gas spent, right? Who pays the gas and how? Is it taken from the 100k collateral or does the node operator pay for it with his ETH?
Ayden Bailey
A dark pool is an exchange. You just cant see who is trading what. Its still a decentralized exchange.
And its only dark if they can actually get their cryptography to work, which is a huge maybe. Do you realize that a monero transaction is 13KB in size? Thats going to cost like 400 dollars to store on ethereum.
Jose Clark
>requiring a special token in order to trade! >$20m marketcap; in aggregate, if everybody was trading and not speculating (lol), they could support $20m of "bonding" to ensure fairness.
they will pivot the token model. guaranteed.
Kayden Thomas
nice fud, just bought 100k
Matthew Richardson
is this true op. I've read ur post(s) and I'm gonna do more research but this seems pretty legit. Wish it was on binance lol
That was announced 1-2 days ago. TUSD has a lot of OTC connections.
They have partnered with Huobi and listed there. Binance will be a matter of time. But again, the point is to find out about these projects before they are shilled on twitter and listed everywhere!
Benjamin Sanchez
I actually invested in this project. Just enough to secure one node plus a bit extra just in case. Some fool spilled it a while ago and I decided to do my own research as his shilling kinda caught my attention. It seems so far the only people accumulating are those hoping to run nodes. We will see how this project will really go in a few weeks once the mainnet stabilization period goes. So far it seems quite promising.
Colton Richardson
Also to add: Ren Protocol will be used by other exchanges and dark node holders still benefit even if its OTC ran by another exchange this is HUGE. So Huobi has OTC for example. Look at the picture.
Like REN protocol can be utilized by goldman sachs who is already running multiple dark pools.
Sorry have to go. Thanks for those of you who read these and provided some insight.
I also started with only 1 node and bought more and more after researching
people buying this are not looking forward to sell and are big players not playing on a daily basis..
Levi Jackson
Exactly this. I could only secure one node though. You richfags with more than one node will be happy if the roi ends up being good. I hope they have a nice list of institutions waiting to use their dark pool service.
