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About RENQ

RenQ is a community-driven organization that is established to provide a one stop solution for all kind of traders under one platform in the DeFi world. We aim to empower our users with a comprehensive solution by providing them a platform that has benefits of a centralized exchange and beyond. RenQ's mission is to offer a comprehensive solution that is accessible to all types of traders, from novices to seasoned professionals. At the moment, new users are forced to use centralized exchanges because it is simpler for them to do so. However, with RenQ wallet, new users will be able to enjoy all of the benefits of centralized exchanges while using a decentralized solution. RenQ enables the creation of entirely new asset classes whose value is derived from blockchainbased assets. Financial products such as derivatives and margin trades enable investors to achieve superior portfolio risk management and open up new speculation avenues. In addition, they increase market efficiency for the underlying asset by facilitating price discovery and permitting individuals to express more nuanced opinions on price and volatility. RenQ offers advantages over conventional financial products by eliminating the need for a regulated central clearing house, providing global and equal access, and granting users permanent control over their funds. The derivatives market on existing financial infrastructure is vastly larger than any other market for financial assets. It is estimated to be greater than $1.2 quadrillion, or more than 10 times the global GDP. We believe that as decentralized platforms mature and begin to offer substantial advantages over traditional financial systems, a growing number of traditional assets will be listed on the blockchain. RenQ will provide a number of decentralized protocols that implement a variety of cryptoasset-based financial products.

Renq Finance (RENQ) is a cryptocurrency launched in 2023. RENQ has a current supply of 1.00Bn with 0 in circulation. The last known price of RENQ is 0.003548813113 USD and is 0.000023660736 over the last 24 hours. It is currently trading on active market(s) with $89,339.71 traded over the last 24 hours. More information can be found at https://renq.io/.

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RENQ Price Statistics
RENQ’s Price Today
24h Price Change
+$0.0000236607360.67%
24h Volume
$89,339.71948.42%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#9665
RENQ Market Cap
Market Cap
$0
Fully Diluted Market Cap
$3.55M
RENQ Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
RENQ Supply
Circulating Supply
0
Total Supply
1.00Bn
Max Supply
1.00Bn
Updated Nov 01, 2024 4:32 pm
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RENQ
Renq Finance
$0.003548813113
$0.000023660736(+0.67%)
Mkt Cap $0
There's nothing here for now
BNB Chain Completes 29th Quarterly Token Burn, Eliminating $1.07 Billion in BNB
BNB Chain Completes 29th Quarterly Token Burn, Eliminating $1.07 Billion in BNB
The BNB Chain ecosystem has completed its 29th quarterly BNB token burn. The burn event, announced by the BNB Foundation, removed 1,772,712.363 BNB from circulation, valued at approximately USD 1.07 billion.Key Highlights of the 29th BNB BurnTotal BNB Burned: 1,772,712.363 BNBAuto-Burn Component: 1,710,142.733 BNBBTokens Adjustment Burn: 62,569.63 BNB, covering previous BTokens that were incorrectly omitted from past Auto-Burn eventsCurrent Supply After Burn: 144,099,981.1 BNBRemaining BNB to Burn: 43,533,387.84 BNBBNB's Auto-Burn Mechanism ExplainedBNB employs a deflationary Auto-Burn mechanism to gradually reduce its supply to a target of 100 million BNB. This quarterly process operates independently of the Binance exchange, adjusting based on the current BNB price and the total number of blocks generated on BSC. The funds are sent to a designated “blackhole” address (0x000000000000000000000000000000000000dEaD) on BSC, ensuring transparency and predictability in each burn cycle.Real-Time and Pioneer Burn ProgramsBNB Chain also implements a Real-Time Burn, introduced under BEP95, where BSC validators burn a portion of gas fees with each block. This mechanism has collectively removed approximately 242,000 BNB from circulation since its inception.Additionally, BNB’s Pioneer Burn Program offers recovery options for users who have accidentally lost BNB or pegged tokens. This recovery is factored into the quarterly burn to help restore tokens lost due to unintentional errors.BNB Chain’s Vision and Future of the TokenBNB remains at the core of the BNB Chain’s Web3 and decentralized finance ecosystem. Its Auto-Burn system not only helps maintain a healthy token economy but also aligns with the platform’s broader “Build and Build” philosophy, ensuring BNB’s role in on-chain governance, transaction facilitation, and ecosystem development. With BNB Chain’s ongoing Fusion upgrade, future burns will occur directly on BSC to simplify and standardize the process.This latest burn marks another milestone in BNB Chain’s journey toward token scarcity and value preservation, as it continues to grow within the Web3 landscape.     
Nov 01, 2024 4:08 pm

Frequently Asked Questions

  • What is the all-time high price of Renq Finance (RENQ)?

    The all-time high of RENQ was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Renq Finance (RENQ) is 0. The current price of RENQ is down 0% from its all-time high.

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  • How much Renq Finance (RENQ) is there in circulation?

    As of , there is currently 0 RENQ in circulation. RENQ has a maximum supply of 1.00Bn.

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  • What is the market cap of Renq Finance (RENQ)?

    The current market cap of RENQ is 0. It is calculated by multiplying the current supply of RENQ by its real-time market price of 0.003548813113.

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  • What is the all-time low price of Renq Finance (RENQ)?

    The all-time low of RENQ was 0 , from which the coin is now up 0%. The all-time low price of Renq Finance (RENQ) is 0. The current price of RENQ is up 0% from its all-time low.

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  • Is Renq Finance (RENQ) a good investment?

    Renq Finance (RENQ) has a market capitalization of $0 and is ranked #9665 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Renq Finance (RENQ) price trends and patterns to find the best time to purchase RENQ.

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