If you have not yet heard of Republic Protocol, then I urge you to read forward!
Republic Protocol, a decentralized dark exchange where you will be able to make cross-chain atomic trades of Bitcoin, Ethereum and ERC20 tokens. This is a decentralized exchange where trades are placed on a hidden order book & 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 usually give an advantage to other traders.
The Cryptocurrency market has been a bit wild during Republic Protocol or REN's time on the market. REN sold out almost immediately during ICO at 17,200 REN per ETH even though it didn't have a huge amount of hype. Since its release on 20/02/18 during a tough bear market it has held very steady & while a lot of other ICO's that were released around the same time have dropped well below ICO price, REN hardly dropped under the USD price and has outperformed ETH. This gives me an indication that there are strong investors behind REN that are planning on holding onto their tokens.
The team behind this project is very active and also one of the most responsive & communicative I have come across. They have managed to achieve all Q1 milestones and are on their way to completing all Q2 milestones as well. One of the advisors of the project is Loi Luu the CEO of KyberNetwork bringing valuable knowledge of decentralized exchanges.
Darknodes will be able to earn payments in both ETH and ERC20 tokens. I have read that the requirement to run a Darknode is 100k REN tokens, if you hold this amount you will have the opportunity to help Republic Protocol during the testnet. In exchange you guarantee yourself a Darknode spot during Mainnet. This will also allow them to make sure the Nodes are spread between a large amount of people when the Mainnet comes. There will be a finite supply of nodes that will likely be limited to less than 4,000.
However, the incentivization scheme for the Testnet participation is not yet finalized so be sure to stay up to date on the announcement channel on Telegram.
Their Hyperdrive consensus engine has been developed to achieve very high-speed order matching and should be capable of confirming thousands of orders per second, more details about this will be released soon!
Currently the development team is focused on delivering the Federation Zero Testnet, which is said to be available to the public this quarter. Next, they will be full steam ahead getting the Trading Terminal and API out to testers while continuing to improve the performance of their order matching engine.
I hope that you enjoyed reading my thoughts on Republic Protocol, this is my first analysis that I have shared so feedback is appreciated. Token Details for REN.
Total Supply: 1,000,000,000 REN
Circulating Supply: 466,993,253 REN
Market Cap: $35,000,000 (at time of writing)
Coin Market Cap: https://coinmarketcap.com/currencies/republic-protocol/
Website: https://republicprotocol.com
Telegram: https://t.me/republicprotocol
Please note that this is my personal opinion on Republic Protocol and not financial advice, if you plan to invest in Republic Protocol then I suggest you do further research into the project.