At the end of June 2021, Remitano launched its very first token called RENEC and now allows users to mine this coin for free. So what is RENEC? How do you obtain RENEC and what is its potential? Let's find out together in the article below.

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.

For those who don't know, Remitano is one of the prestige and quality P2P escrowed cryptocurrency exchange in more than 30 countries all over the world. Currently, the exchange is allowing users to buy and sell P2P with 6 cryptocurrencies which including Bitcoin (BTC), Ethereum (ETH), Tether USDT (USDT), Bitcoin Cash (BCH), Litecoin (LTC), and Ripple (XRP). In addition, the exchange also has other outstanding investment products such as Invest, Swap, etc. to meet the investment needs of customer groups.
In addition to serving the Vietnamese market, Remitano's products are also expanded to many other countries around the world. Remitano's users come from more than 30 different countries, typically: Malaysia, Indonesia, Cambodia, African countries (Nigeria, South Africa, Ghana), India, Pakistan, Venezuela- this diversity contributes to the solid position of the Remitano exchange as well as the potential level of the RENEC token.

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

So, How to own RENEC?

RENEC Token Mining Instructions

Currently, users can only earn RENEC by mining on Remitano app. Especially, the mining of this token is now completely free.

Step 1. Register with Remitano (Click here to register

The registration is very simple and completely free.

Step 2. Verify (KYC) account with your phone number. 

You send 1 message according to remitano's instructions to complete

Step 3. Login Remitano and download Remitano App, install App on your phone.

So you have completed the registration, authentication and app installation to mining renec coin.

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