Aug 10, 2022

4 min read

Remitano Network Mining App — Mine Free RENEC Tokens Daily

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What is Remitano Network ?

Remitano provides escrowed P2P marketplace where people buy and sell easily and safely with notable simple UI, friendly online customer support 24/7 and lowest fee compared with major players on the market. Our team is comprised mostly by banking professionals with extensive experience in financial products, E-currencies, Payment System and Agile Software Development, and others.

What is the RENEC Token?

RENEC is the abbreviation of Remitano Network Coin — the official token of the Remitano Network. This is a Blockchain designed to make it possible for users to transact quickly with cheaper fees, secure escrow, and execute complex smart contracts using the RENEC token. Currently,users can only earn RENEC through mining on the Remitano exchange.We will learn more about these definitions in the following sections.

RENEC Token Basics

Token: RENEC
Blockchain: Remitano Network
Protocol: Authorized Proof of Stake (DPoS)
Token Type: Utility Token
Base Mining Power (solo): 0.02 RENEC/hour
Supply: Supply will be decided as a result of the RENEC mining program
Whitepaper: https://remitano.com/renec/ng/renec-whitepaper

Remitano Is Good Exchange, RENEC Token Price Might Be Good In Future.

How to own RENEC?

Step 1: Open Link : https://remitano.com/renec/in/join/3175000

Step 2: Download Remitano app then open the app, go to the main menu and press the “login” button to Login your account in app & start mining (No KYC Needed).

Step 3:

On Android devices: From the main menu, select “Earn RENEC” if you are using an Android device. Next, click the “Verify phone number” button at the top of the page, enter the phone number, and enter the OTP code from the carrier message to complete the level 1 verification.

On iOS devices: From the main menu, select “Remitano Network” then follow the similar instructions for Android devices.

Step 3: “Scroll down to mine RENEC” and tap the button “Start Mining” to receive the airdrop.

> NOTE:

- For verified phone number users (level 1), the mining speed is 0.24 RENEC/day.

- For users who have verified the document (level 2), the speed will be doubled. At that time, users can earn 0.48 RENEC/1 day.

The mining process will last 24h and then you can continue to mine again.

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.
You can x2 RENEC mining speed to 0.02 RENEC/hour in 1 of 2 ways:

Option 1: Invite at least 5 friends to mine (the referees must click mining at least once).
Option 2: Make at least 1 transaction with the following products of Remitano: Buy & Sell P2P, Swing or Swap. See the first trading guide on Remitano here.

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.

How to see my RENEC balance?

From the main menu, select “Dashboard” > “Wallets”. You will see that RENEC is listed here with its balance. Remitano Wallet is where all the coins supported by the exchange are stored, including the Remitano Network Coin or RENEC.

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