Once upon a time there was a bank in strategus. 100 looms were to be distributed at the end of that strat, based on how much money each player had. But the mean old wizard removed the bank from the game. One day later renown appeared in the game. One can only guess its function.
But its still merely a fairytale, told to the kids to make them wait eagerly for the day to come, the day we find out what renown does.
The end