TechFlow News — a proposal for the cross-chain protocol Ren to establish a foundation and mint new Ren tokens has been approved. The voting percentages for selecting 200 million, 150 million, 100 million, and 50 million tokens were 80.78%, 1.08%, 2.05%, and 10.97% respectively. According to the proposal, the final number of newly minted tokens will be a weighted average based on these voting proportions.
As previously reported, the asset cross-chain protocol Ren Protocol stated that Alameda had collaborated with Ren's former leadership to acquire Ren, but due to Alameda's bankruptcy, funding provided to the Ren development team only lasted until the fourth quarter. Currently, Ren is negotiating with investors to continue its development and plans to launch Ren 2.0 earlier than expected. The website will also be hosted on IPFS, with control transferred to RenDAO.Source link
