Global peer-to-peer cryptocurrency exchange Remitano is currently developing its native token, RENEC.
decision to do so is to improve the quality of services provided to customers, reduce transaction fees, and ensure safe and fast transactions.
While the Remitano Network is still under development, Remitano has provided an incredible opportunity for old and new Remitano users to get FREE RENEC
What is RENEC?
RENEC is short for Remitano Network Coin. It is the token of the Remitano network, a blockchain designed to facilitate fast transactions at a low rate, a fast decentralized exchange with an efficient escrow.
launch of the RENEC token was announced on June 30, 2021.
What makes RENEC different?
Remitano Network is not a single blockchain, but a collection of blockchains. initial network will be a simple transfer of value, similar to Bitcoin, Litecoin but with a faster lock time and a more efficient consensus protocol.
At this stage, RENEC will be called Remitano Electronic Cash.
RENEC will also be the base currency for the decentralized token exchange and decentralized fiat token engagement to be built on the Remitano network.
With RENEC, the cryptocurrency and P2P exchange fees will be cheaper.
Remitano undertakes to supply the first three products for the Remitano network as follows:
- Low-cost decentralized P2P e-money with Multisig functionality
- Low-cost decentralized token exchange
- Low-cost decentralized custody service
Read Also Sino-Global and Highsharp to Launch Thor in Bitcoin Mining Industry
Subsequently, remitano.com will work closely with the community to build other blockchain products.
Remitano Network is designed to be scalable, so new products will be built on it, thus increasing the value of RENEC.
See the official RENEC whitepaper for more information on this token.
How to own RENEC?
As Remitano highly values its investors and traders while reducing risk, Remitano will not hold any ICOs for RENEC.
It is different from other ICOs where investors will have to pay ETH or BTC to secure a specific amount of the coin. Instead, RENEC will be distributed free of charge to new and old Remitano users through mining.
For now, Remitano only allows mining through the Remitano mobile app. n you need to install the Remitano app and start extracting RENEC at the touch of a button.
Four easy steps to extract RENEC Download the Remitano application on the PlayStore and AppStore.
- Register or log in to the app
- In the menu list that appears, click on “RENEC Mining”. This should take you to the mining page.
- Click on the “Mine RENEC” button to start mining
- Eventually it will show your RENEC mining progress like this picture:
Users must have registered an account with Remitano and verified their phone number in order to access my RENEC. RENEC mining is not automated, so once you have the application, you have to log into your account every day to mine RENEC.
A user can extract up to 0.02 RENEC per hour depending on the verification level. Complete verification up to level 2 to increase your mining power.
Read also South Korea’s regulator creates a new police unit for cryptocurrency exchanges
You can also increase your RENEC rewards through the Remitano referral. When your referrals are successfully drawn, you earn 20% of your drawn RENEC.
Check out the definitive guide to RENEC tokens.
Remitano will continue to build products on the RENEC network. This will give RENEC a lot of utility and use.
Also, the fact that Remitano is a very popular P2P cryptocurrency exchange in various countries around the world, over time, it is likely to increase the value of RENEC, so you should try to get the token now that it is free.
Remitano is one of the world’s largest peer-to-peer (P2P) cryptocurrency trading platforms, currently serving users in more than 30 countries.
platform provides a secure P2P crypto marketplace that enables users to buy bitcoins and cryptocurrencies easily and safely.
Remitano is the market leader in the p2p platform space, with an intuitive and easy-to-use interface, 24/7 customer support, and some of the lowest rates in the industry.
Follow Remitano here: Facebook, Twitter, Instagram
All information on our website is published in good faith and for general information purposes only. Any action taken by the reader on the information found on our website is strictly at your own risk.