Ren Protocol will release 180 Milln Ren tokens to switch to a new version of the protocol – Bits Media

Ren Protocol community, standing behind a wrapped bitcoin Renbtc, supported the issue 180 Milln Ren tokens to finance the second version of the protocol.

As previously reported, Ren Protocol of the first version functioned at the expense of Alameda Research. After the bankruptcy of Alameda to the community I had to look for an opportunity to continue work, Therefore, it is planned to launch Ren 2.0, which will not be compatible with the first version of the protocol.

To finance Ren development 2.0 will be released 180 million of REN. At the current course, this is about $10.8 million. Voting took place on the Snapshot platform, And only holders of Ren tokens received access to it.

Around 95% Voting participants supported the release of tokens, moreover 80.78% They expressed support for the release 200 million tokens. However, the developers decided to release 180 million tokens.

The developers once again warned, that after stopping the work Ren 1.0, BTC wrapped in the Ethereum network will not be available. According to current data, Now the RenbTC is in the amount of the Ethereum in the network $12.5 million.

Earlier, the FINANCIAL Times reported, that Alameda Research invested in many cryptocurrency companies, including, In "Doubtful projects".