Remitano Launches Mining Program for RENEC Token

Global peer-to-peer cryptocurrency exchange Remitano is currently developing its native token, RENEC, in order to increase the quality of services provided to clients, cut transaction costs, and assure safe and fast transactions. While the Remitano Network is still in the early stages of development, Remitano has created an incredible chance for both old and new Remitano users to earn FREE RENEC.

Remitano RENEC Cloud Mining
Remitano RENEC Cloud Mining

What exactly is RENEC?

Remitano Network Coin is abbreviated as RENEC. It is the Remitano network’s currency, a blockchain designed to support speedy transactions at a low charge, a fast decentralized exchange with efficient escrow. The RENEC token will be available on June 30th, 2021.

What distinguishes RENEC?

Remitano Network is a collection of blockchains rather than a single blockchain. The first network will be a basic value transfer network, similar to Bitcoin and Litecoin, but with quicker block times and a more efficient consensus process. At this point, RENEC will be known as Remitano Electronic Cash.

RENEC will also serve as the basic currency for the Token Decentralized Exchange and the Remitano Network’s decentralized fiat-token escrow. Crypto swap and P2P trading costs will be reduced thanks to RENEC.

Remitano has committed to delivering the first three items for the Remitano Network, which are as follows:

  • Low-fee decentralized peer-to-peer electronic currency with multi-signature capabilities
  • Decentralized token exchange with low fees
  • Decentralized escrow service with a low charge

Following that, will collaborate closely with the community to develop further blockchain solutions.
Because the Remitano Network is meant to be expandable, new products will be created on it, enhancing the value of RENEC.
To understand more about this cryptocurrency, see the Official RENEC whitepaper.

How does one get RENEC?

Remitano will not hold an ICO for RENEC because it values its investors and traders while minimizing risk. It differs from other ICOs in that investors must spend ETH or BTC to secure a specified amount of the coin. Instead, RENEC will be distributed for free to both new and former Remitano users via mining.

For the time being, Remitano only permits mining via the Remitano mobile application. So you’ll need to download the Remitano app and start mining RENEC with the click of a button.

Simple methods to mining RENEC

To mine RENEC, users must first create an account with Remitano and verify their phone number. Because mining RENEC is not automatic, once you have the app, you must check in to your account every day to mine RENEC.

Depending on the degree of verification, a user can mine up to 0.02 RENEC each hour. Complete verification up to level 2 to boost your mining power. You may also increase your RENEC earnings by referring others to Remitano. When your referrals are successfully mined, you receive 20% of their mined RENEC.

  1. Create an account on Remitano and log in.
  2. In the menu, click on mining or verify your account and verify your mobile number.
  3. After verifying your phone number, you can mine 0.24 RENEC daily. Claim every 24h.
  4. You can increase the mining power to 0.48 RENEC daily by verifying your account to a higher level.
  5. Don’t forget to download the app for android or ios to start mining.
  6. Also, refer your friends to get 20% of the total amount of RENEC that your friends have mined.

Check out the complete RENEC token guide.

On the RENEC network, Remitano will continue to develop goods. This will provide RENEC with a great deal of functionality and utilization. Also, because Remitano is a very popular escrowed P2P cryptocurrency exchange in numerous countries across the world, the value of RENEC is expected to rise with time, which is why you should attempt to obtain the token while it is still free.

Remitano’s Background

Remitano is one of the world’s largest peer-to-peer (p2p) cryptocurrency trading platforms, with users in over 30 countries. Remitano is a global leader in the peer-to-peer platform field, with a simple and user-friendly design, 24/7 customer service, and among the industry’s lowest prices.

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[…] However, because you are effectively giving money to an unidentified merchant, this direct connection is fraught with danger. On the plus side, P2P systems typically provide advantages such as availability in many countries, additional payment options, and so on. Two well-known peer-to-peer platforms are Remitano. […]