What is REN

1. Programme Name

 Republic Protocol (REN) 

2. Project Introduction

The market capitalization and trading volume of cryptocurrencies is growing rapidly every month. With institutional investors arriving into the cryptocurrency market, Republic Protocol recognizes the critical need for development of alternative trading systems for trading large blocks of cryptographic assets while maintaining minimal price slippage and negative market impact.

To address this need, Republic Protocol has developed a decentralized open-source dark pool exchange protocol facilitating atomic swaps between cryptocurrency pairs across the Bitcoin and Ethereum blockchains. Trades are placed on a hidden order book and are matched through an engine built on a multi-party computation protocol. This provides order execution without exposing market sensitive information such as price and volume at a certain position, which would provide an advantage to other traders.

Republic Protocol removes the need for a trusted intermediary to operate a dark pool and provides crypto-economic incentives through a protocol token for governance; enabling the development of a secure, decentralized, scalable dark pool protocol capable of handling billions in trading volume daily.

Republic Protocol will help facilitate participation by traditional institutional investors currently not active in the cryptocurrency space. In doing so, Republic Protocol hopes to help further promote and accelerate the already rapid growth in the cryptographic asset market for the benefit of the entire crypto community.

3. Token Distribution

Token Price： 0.095152 USD
Token Distribution:  

60.2% Distributed during token sale
19.9% Reserve
9.9% Founders, Team and Advisors
5% Early Adopter Partnerships
5% Community Development and Partners