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Ren DAO's New Plan - Ren DAO to Plan on Minting New Funding Tokens

Ren DAO, at present, is considering on whether to head in for the minting of sparkling investment tokens following the fall apart of Alameda. In keeping with their notion and understanding, with the useful resource of these minted tokens, the Ren basis can then duly take benefit of the situation and arrive at a position wherein it is able to then efficaciously accrue a required investment quantity for itself in subjects associated with the future improvement and maintenance of the task.

But, all of this could be made viable after a spherical of vote casting which will in the end determine at the range of new ren tokens to be minted. However, the notion is for 50 million, one hundred million, a hundred and fifty million, or 2 hundred million REN tokens. But, the other alternative changed into to reject this idea of funding as an entire. But, on the current token rate, REN could increase from $four million to $17 million.

The Ren group, on the whole, is responsible for controlling and supervising a DeFi protocol, which is actively engaged in turning in wrapped crypto assets. Now, within the gift situation, and with Alameda having exited from the undertaking with out the relevant finances, it finds itself important to mint the specified wide variety of fresh tokens to make itself greater financially feasible. There is also the prevailing consideration of building the Ren basis, so that it will assist propel all topics associated with its future improvement.