Overcollateralized nodes custody and transfer funds between blockchains and receive burn & mint fees from traders (supply-side fees).

Ren is a non-custodial interoperability protocol built on Ethereum and other blockchains. Ren was founded by Tayiang Zhang & Loong Wang and launched in 2017. Ren is currently only in redeeming-mode, due to their exposure to the effects of Alameda Research's failure.

REN tokenholders own and govern the protocol. They do not currently take a cut of the total mint/burn fees paid by traders (revenue). Ren's investors include Polychain, FBG Capital, BlockVC, etc.

governance

github

twitter

discord

etherscan

website

Bridges

# Ren Maximum token supply Methodology

## 1. Overview

The Ren maximum token supply metric represents the total maximum number of REN tokens that can ever exist according to the protocol's smart contract specifications. This is a static, time-invariant value that reflects the protocol's tokenomics design. The metric answers the question: "What is the upper limit of REN tokens that can be in circulation?" This value is constant from the protocol's launch date forward.

## 2. Data sources

The calculation relies on:
- **Protocol specifications**: Ren protocol's official smart contract documentation and tokenomics design
- **Token contract parameters**: Maximum supply values hardcoded in the REN token smart contract
- **Launch timing**: Historical launch date of the Ren protocol (February 22, 2018)

## 3. Step-by-step calculation

### Component A: Static supply definition
- **Purpose**: Establishes the fixed maximum token supply value for the Ren protocol
- **Logic**: The maximum supply is set as a constant value of 1,000,000,000 REN tokens based on the protocol's original smart contract specifications. This value is associated with the protocol launch timestamp of February 22, 2018, and configured for daily time granularity reporting
- **Key fields**: The `token_supply_maximum` field contains the fixed value of 1 billion tokens, `timestamp` marks the protocol launch date, and `timestamp_grain` specifies daily reporting intervals

### Final aggregation
- **Combining components**: No aggregation is needed as this is a single static value
- **Currency conversion**: Not applicable - this metric represents token count, not monetary value
- **Time aggregation**: The finalize macro applies a fill-forward strategy to ensure the maximum supply value is available for every day from the launch date forward
- **Final calculation**: The metric simply returns 1,000,000,000 as the maximum token supply for all time periods, representing the absolute upper limit of REN tokens that can exist according to the protocol's design

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Maximum number of tokens that can exist under the current token economics.

RenREN

Maximum token supply

Maximum token supply

Competitive landscape