RENEC is an abbreviation of Remitano Network Coin. RENEC is the token of Remitano Network, which is a blockchain designed to facilitate quick transactions at a reduced fee, a fast decentralized exchange with efficient escrow in place.
Remitano Network is still in the development phase and Remitano has provided an amazing opportunity for old and new Remitano users to earn FREE RENEC via a mining program and in this post I will share with you all how to earn it.
Before I go into the details of how to claim this token, l will first explain why RENEC will be another big thing to happen in the world of crypto and why it is important to take the mining seriously.
Why you should take mining RENEC seriously
Remitano is one of the largest P2P crypto trading platforms in the world. It is currently serving users in more than 50 countries. The platform provides an escrowed p2p crypto marketplace allowing users to buy 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.
From history, you know what happens to the token prices of other renown exchanges like Binance coin, kucoin token, uniswap, etc after a while.
Binance coin (BNB) was launched in 2017 at 15 cents and today, the value is around $600. This means that BNB has done over 400,000% ROI.
When kucoin token was launched, it was less that $1, but today, it is around $20. Kucoin token has done over 2,000% ROI.
Also uniswap was launched in 2020 at $0.26 and its around $16 as at today.
Going by all these precedents, it can be confidently said that RENEC being the token of a renowned exchange, is going to do well.
How to start mining RENEC token.
The first step is to sign up on Remitano if you have not yet signed up through this link: https://remitano.net/btc/ng/join/49434
Select any of the mode of registration to register. Then a message will be sent to your email which contain the login link.
Click on the link in the mail to login. Once you have logged in, click on menu and then click on Earn RENEC. You will be prompted to verify your phone number.
Click on "verify phone number" and enter your phone number then click on continue. A verification code will be sent to you phone number. Input it, then click on verify.
After phone number verification, scroll down to the bottom to download Remitano app and access your account through the app.
Note that mining is done only on the app and not on website.
Login on the app and click on "Earn RENEC" in the menu.
Scroll down to "Mine RENEC" and click on "Start Mining"
That's all. When you check your wallet, you should have received some RENEC token in your wallet.
Note that mining RENEC is not automated. You have to login every 24hrs to mine the token.
Mining the toke will be on till the mainnet launch which will be next year.
One can double the mining power and earn more token either by;
I) Inviting at least 5 persons to be part of the mining process via ur link
OR
II) Make at least 1 transaction with the following products of Remitano: Buy & Sell P2P, Swing or Swap.
Please, don't joke with this mining program.
Once again, the link to register with is https://remitano.net/btc/ng/join/49434