RENEC TOKEN – Nigerians Can Mine for Free Using Their Phones
RENEC TOKEN – Nigerians Can Mine for Free Using Their Phones
The world's largest peer-to-peer cryptocurrency exchange To improve the quality of services delivered to customers, reduce transaction fees, and ensure secure and swift transactions, Remitano is currently developing its native token, RENEC. RENEC will be released in the near future.
In spite of the fact that the Remitano Network is still in its early stages of development, the company has provided an incredible opportunity for both old and new Remitano users in Nigeria to earn FREE RENEC through a mining program.
What exactly is RENEC?
RENEC is an abbreviation for Remitano Network Coin, which is a cryptocurrency. It is the official token of the Remitano network, which is a blockchain designed to facilitate quick transactions at a reduced fee, as well as a fast decentralized exchange with an efficient escrow system in place, among other things. The RENEC token will go live on June 30th, 2021, according to the announcement.
What distinguishes RENEC from the competition?
The Remitano Network is not a single blockchain, but rather a collection of blockchains that work together. Initially, the network will be a straightforward value transfer network, similar to Bitcoin and Litecoin, but with a faster block time and a more efficient consensus protocol. At this point, the RENEC system will be referred to as Remitano Electronic Cash.
On top of that, the Token Decentralized Exchange and decentralized fiat-token escrow, both of which will be built on the Remitano Network, will use RENEC as their base currency. Crypto swap and peer-to-peer trading fees will be reduced as a result of RENEC.
Remitano commits to delivering the following three products for the Remitano Network:
1. Low-cost decentralized peer-to-peer electronic cash with multisignature capability.
2. Decentralized token exchange with low transaction fees
3. Decentralized escrow service with low fees
Following that, remitano.com will collaborate closely with the blockchain community in order to develop additional blockchain products.
Because the Remitano Network is designed to be scalable, new products will be developed on it, increasing the value of RENEC as a result of its increased use.
What is the process of becoming a RENEC owner?
Because Remitano places a high value on its investors and traders while also minimizing risk, the company will not hold an initial coin offering (ICO) for RENEC. It differs from other initial coin offerings (ICOs), in which investors must pay ETH or BTC in order to secure a specific amount of the coin. Instead, RENEC will be distributed freely to both new and existing Remitano users in Nigeria and other countries as a result of mining operations.
For the time being, mining with Remitano is only possible through the Remitano mobile application. As a result, you must download and install the Remitano App in order to begin mining RENEC at the touch of a button.
RENEC mining can be accomplished in four simple steps.
1. Download the Remitano app from the Google Play Store or the Apple App Store.
2. Create an account or log into the app.
3. From the drop-down menu that appears, select "Mining RENEC" from the list of options. Hopefully, this will take you to the mining page.
4. It will eventually display the progress of your mining RENEC in the form of the following image:
RENEC mining is only available to users who have registered an account with Remitano and verified their phone number prior to starting their mining session. Mining RENEC is not automated, so once you have downloaded the app, you will need to log into your account on a daily basis to continue mining RENEC.
Depending on the level of verification, a user can mine up to 0.02 RENEC per hour, depending on the level of verification. To increase your mining power, you must complete the verification process up to level 2. You can also increase your RENEC rewards by referring friends to Remitano. When your referrals mine successfully, you receive a commission of 20% of the RENEC they mine.
In order to maintain its position on the RENEC network, Remitano will continue to develop products. This will provide RENEC with a great deal of utility and usage. Furthermore, due to the fact that Remitano is a very popular escrowed P2P cryptocurrency exchange that operates in multiple countries around the world, the value of RENEC is expected to rise over time, which is why you should try to obtain the token while it is still available for free.
About Remitano
Remitano is one of the world's largest peer-to-peer (p2p) cryptocurrency trading platforms, with users in more than 30 countries currently using the service. In addition, the platform offers an escrowed peer-to-peer cryptocurrency marketplace, allowing users to buy bitcoin in Nigeria and other cryptocurrencies quickly and securely.
With an intuitive and user-friendly interface, 24/7 customer support, and some of the lowest fees in the industry, Remitano is a market leader in the peer-to-peer platform space, according to Forrester Research.
