Transferring money has the problem of trust. Banks are a solution but have the weakpoints of middlemen fees and centralized decision-making. Satoshi solved this problem, Vitelik took it one step further, but people got greedy and made shitty repetitive altcoins. Memecoins were a rebellion against that, then people got greedy and made shitty repetitive memecoins, $RENC is a rebellion against that.
Oh, we also fixed the memecoin rug pull incentive by getting our money as transaction taxes (think of it as artists’ cut of their work). Hence, our incentives will always be to market and work on the coin for volume’s sake, instead of selling at the top and disappearing.
Welcome to the most regular crypto you'll ever own.