Renec is the official token of the Remitano Network, 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 on it's wallet. Remitano is one of the P2P escrowed cryptocurrency exchanges in Nigeria and several countries all over the world, currently, users can only earn RENEC through free mining on the Remitano exchange platform.
Details of RENEC Token
- Token: RENEC
- White Paper
- 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 free mining program
- Mine RENEC
Steps to RENEC free mining.
Currently, you can only mine the RENEC token (Remitano's Token) because it is still in the development stage which gives you the opportunity to get as much as possible for free.
Register on the platform, the mining method is very simple and straightforward, it doesn't drain your mobile battery nor slow down your capacity operation.
Firstly you need to download the Remitano app on the
App Store or
Google Play and register as a user.
Step 1: Open the app and log in, then tap "verify account" on the menu to verify the phone number (if you haven't done it yet)
Step 2: Tap the main menu on the top left of the mobile screen.
Step 3: At the Main Menu, tap Mining RENEC.
Step 4: Tap button Mine RENEC to begin RENEC free mining
You can only mine RENEC with a mobile app every 24 hours and not automatic you have to click on the mining button after 24 hours to continue, and there is a two-level verification process you need.
- Level 1: You must verify your phone number before you have access to the mining, for a verified phone number the mining speed is 0.24 RENEC per day
- Level 2: To increase your mining speed you need to do level 2 verification with documents like a government ID Card. after you verified your document, your mining speed will increase to 0.48 RENEC per day
How to earn more RENEC?
You can earn more Renec through the affiliate marketing launched by Remitano. By referring friends to mine Renec through your referral link, you will receive 20% of the total amount of Renec that your friends have mined. The more people you refer, the higher the amount of Renec you receive.
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