The cross-chain protocol Ren put forward a voting proposal to establish a Ren Foundation and mint new Ren tokens for it, so that the foundation can fund the development of Ren 2.0 and its ecosystem. The proposal presents four options for how much new Ren to mint to the Ren Foundation, including 50 million, 100 million, 150 million, or 200 million REN tokens, and a fifth option to reject the entire plan. At current token prices, Ren could raise between $4 million and $17 million. Foresight News previously reported that Ren stated that due to the bankruptcy of Alameda, the funding provided to the Ren development team will only last until the fourth quarter. Ren is negotiating with investors to continue to promote development and plans to launch Ren 2.0 earlier than expected.