RENEC stands for Remitano Network Coin which is the official coin of the famous Reminato exchange in the world. Currently RENEC is being distributed free of charge to users by Reminato and will be officially used in the 3rd quarter of 2022 for payment and exchange with other Coins.
In order to improve the quality of services provided to customers, reduce transaction fees and ensure safe and fast transactions, Remitano Cryptocurrency Exchange is currently developing its own RENEC Token. Although Remitano Network is still in the development stage, it has provided a great opportunity for old and new Remitano users to earn RENEC for free.
What is RENEC?
RENEC stands for Remitano Network Coin and is the Token of Remitano Network, a blockchain designed to facilitate fast transactions with reduced fees as a fast, decentralized exchange with efficient escrow in place. The 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. The network will initially be a simple value transfer network, similar to Bitcoin (BTC) and Litecoin (LTC), but with a more efficient consensus protocol and faster block processing times. At this stage, RENEC will be called Remitano Cryptocurrency.
RENEC will also be the base currency for the Decentralized Token exchange and escrow Decentralized fiat tokens will be built on the Remitano Network. With RENEC, crypto and P2P swap transaction fees will become cheaper.
Remitano is committed to providing the first three products for Remitano Network as follows:
- Low fees decentralized P2P electronic cash with multi-signature capabilities.
- Decentralized token exchange with low fees.
- Low fee decentralized escrow service.
After that, Remitano will work closely with the community to build other blockchain products.
As Remitano Network is designed to be scalable, new products will be built on it, thus increasing the value of RENEC.
How to get free RENEC Token
First of all, I affirm that the RENEC Token check is completely free. After the Token is put on the floor by Remitano, it will have real value, then it will be possible to buy, sell and exchange. So taking advantage of the free time, you should earn as many Renec Tokens as possible, later selling will be more expensive.
You need to Create a Remitano account first to start getting free RENEC.
Currently, Remitano only allows mining through the Remitano mobile app. Therefore, you need to install the Remitano app to start mining RENEC with the push of a button.
Four simple steps to mining RENEC:
- Download the Remitano app on the Google Play Store or the App Store.
- Register or log in to the app.
- From the menu displayed, click “Earn RENEC.” You will be taken to the mining page.
- Click the “RENEC Mining” button to start mining.
You must register an account with Remitano and verify phone number to be eligible to mine RENEC. RENEC mining is not automated so when you install the App on your phone, you will have to log in to your account daily to mine RENEC.
You can max out 0.02 RENEC per hour depending on the account verification level. Complete verification to level two to speed up mining. You can also increase your RENEC rewards through referring Remitano. When your referral successfully mines you earn 20% of their mined RENEC.
Increase RENEC x2 Mining Speed by 1 of 2 ways:
Method 1: Invite 5 mining friends (the invitee must enter mining at least once).
Method 2: Make at least 1 trade with the following Remitano products: Buy & Sell, Surf or Swap.
Note: Currently, RENEC has only been released to users, not officially launched in the market, so all acts of selling RENEC coins are scams.
What is Remitano?
Remitano is one of the largest P2P cryptocurrency exchanges in the world, currently serving users in more than 30 countries. The platform provides a escrowd P2P cryptocurrency marketplace that allows users to buy Bitcoin and crypto easily and securely. Remitano is the market leader in the P2P platform space, with an intuitive, user-friendly interface and 24/7 customer support that boasts some of the lowest fees in the industry.