Leading Crypto Exchange, Remitano Launches New Token
GoldenNewsNg gathered that the 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 to earn FREE RENEC via a mining program.
About Remitano
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.
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.
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.
How to own RENEC?
Because Remitano holds its investors and traders in high esteem while also reducing risk, Remitano will not hold any ICO for RENEC. It is different from other ICO’s where investors will have to pay ETH or BTC to secure a specific amount of the coin. Instead, RENEC will be given out freely to both new and old Remitano users in Nigeria and other countries through mining.
For now, Remitano only allows mining through the Remitano mobile application. So you need to Install Remitano App and begin mining RENEC at the tap of a button.
4 easy steps to mine RENEC
- Download the Remitano app on PlayStore and AppStore.
- Register or log in to the app
- From the list of menu that is displayed, click on “Mining RENEC”. This should take you to the mining page
