Remitano Exchange Review: How To Mine Renec
Global peer-to-peer crypto exchange Remitano is currently developing its native token, RENEC, to improve the quality of services delivered to customers, reduce transaction fees and ensure secure and swift transactions. While Remitano Network is still in the development phase, Remitano has provided an amazing opportunity for old and new Remitano users in Nigeria and other Countries to earn FREE RENEC via a mining program.
What is RENEC?
RENEC is an abbreviation of Remitano Network Coin. It is the token of the Remitano network, a blockchain designed to facilitate quick transactions at a reduced fee, a fast decentralized exchange with efficient escrow in place. The launch of the RENEC token was announced on June 30th, 2021.
What makes RENEC different?
Remitano Network is not a single blockchain, rather it is a set of blockchains. The initial network will be a simple value transfer one, similar to Bitcoin, Litecoin but with faster block time and more efficient consensus protocol. At this stage, RENEC will be called Remitano Electronic Cash.
RENEC will also be the base currency for the Token Decentralized Exchange and the decentralized fiat-token escrow that will be built on the Remitano Network. With RENEC, crypto swap and P2P trading fees will become cheaper.
Remitano commits to deliver the first 3 products for the Remitano Network as follows:
- Low fee decentralized P2P electronic cash with Multisig capability.
- Low fee decentralized tokens exchange.
- Low fee decentralized escrow service
After that, remitano.com will work closely with the community in order to build other blockchain products.
The Remitano Network is designed to be scalable, therefore, new products will be built on it, consequently increasing the value of RENEC.
Check out the Official RENEC whitepaper to learn more about this token.
How to mine or own RENEC?
RENEC Token Mining Instructions. Currently, users can only earn RENEC by mining it on Remitano app. Especially, the mining of this token is now completely free.
Kindly follow the instructional steps below to keep mining RENEC:
- Step 1: Register on remitano website using the link below:
- Step 2: After successful registration, Search for "Remitano" on App Store or Google Play Store and Download Remitano mobile app.
- Step 3: Open the app and login. Then tap "Verify account" on the menu to verify phone number (if you haven't done it yet).
- Step 4: Click on the drop-down menu at the top left corner of the app, and click on "Earn RENEC" in the menu.
Then on the mining page, Scroll down to mine RENEC by tapping the button "START MINING/Mine RENEC" to receive the airdrop.
Then you will see the the counting time of the RENEC being mined.
Note: The mining will stop after 24hrs. Login to the app daily to keep mining RENEC.
You can also refer your friends and family members to start mining RENEC. If they are inactive on the app, you can click on the button "Remind friends to mine RENEC".
They will be automatically reminded to mine RENEC. See the yellow arrow from the last screenshot above.
Note that it is very much important for you to verify your level two account by submitting identity documents like National ID Card, Voter's Card, International Passport, Drivers License or any Valid ID Card.
To verify your account, click on "Verify account" from the menu.
Then click on "verify" next to level 2 and follow the instructional steps to verify your account with documents verification.
After successful verification, the "verify" will change to "Verified". See screenshot below.
Another opportunity to earn more RENEC is to be a good RENEC ambassador by inviting or referring your friends to mine RENEC.
ALSO help them to verify their level 1 and level 2 accounts. You can see the RENEC rewards you will get and enjoy when your friends mine Renec and also verify their level 2 account.
See the amazing RENEC rewards from the screenshot above.
Start Mining Renec; Keep Mining Renec; Tell Your Friends To Start Mining Renec before the opportunity goes. This is once in a life-time opportunity.
How to get more RENEC?
How much RENEC can I earn per day?
Each user can mine once every 24 hours after completing the account registration and verifying phone number Level 1. The amount of RENEC received by each user is determined by two factors: Your solo mining power and RENEC commission from friends.
Your solo mining power
- Your maximum mining power as a solo miner is 0.02 RENEC/hour
- For phone number verification users (Level 1): 0.01 RENEC/hour. You will receive 0.24 RENEC within 24 hours.
-For document verification users (Level 2): 0.02 RENEC/hour. You will receive 0.48 RENEC within 24 hours.
RENEC commission from friends
You will earn referral RENEC commission for each person who successfully registers a Remitano account using your referral link, completes at least phone verification (Level 1), and starts mining RENEC. Your referral RENEC commission will be 20% of your downline's mined RENEC.
For example, You refer 400 users to sign up on Remitano, 100 out of 400 complete document verification, 50 out of 100 people mine RENEC, 50 out of 400 complete verification phone number and also mine RENEC. So, the total amount of RENEC you get from referrals within 24h is: 7.2. The specific calculation is ([50 0.02 24] + [50 0.01 24]) 20%.
Where can I see my RENEC balance?
You can find out how much RENEC you own in one of two ways:
Option 1: From the main menu, select "Earn RENEC" The section “Your RENEC Balance” can be found here.
Option 2: Go to “Dashboard” > “Wallet” The Remitano Wallet is where all of the coins supported by the exchange are stored, including the Remitano Network Coin, are kept (RENEC).
Note that Remitano Network will suspend this mining operation after Remitano Network is started. Therefore, investors need to take advantage of this period to participate in mining and avoid missing attractive opportunities.
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Remitano is one of the largest peer-to-peer (p2p) cryptocurrency trading platforms in the world, currently serving users in more than 30 countries. The platform provides an escrowed p2p crypto marketplace allowing users to buy bitcoin in Nigeria and cryptocurrency easily and safely. Remitano is a market leader in the p2p platform space, featuring an intuitive and user-friendly interface, 24/7 customer support, and boasts some of the lowest fees in the industry.
Read More about RENEC and when it will be launched from Here: