What is the RENEC token? Instructions for mining RENEC tokens on Remitano

• What is Remitano?
• Outstanding features of Remitano . floor
• What is the RENEC token?
• RENEC token development roadmap
• Instructions for mining RENEC tokens on Remitano
• Question regarding RENEC token and RENEC token mining
• What is the supply of RENEC tokens?
• How much RENEC can be mined per day?
• Is the RENEC token a scam or not?
• Should I mine RENEC tokens now?
• summary

What is Remitano?

Remitano is one of the familiar and popular cryptocurrency exchanges in Vietnam because it supports VND. Therefore, many investors have chosen Remitano because of its high liquidity, quick and almost instant transactions with simple operations. At the same time, Remitano also supports many different cryptocurrencies and has a mobile app available. 

At the end of June 2021, Remitano launched the official token of the exchange with the symbol RENEC (Remitano Network Coin). Notably, this exchange said that users can completely mine RENEC for free through mobile applications. So, in this article, TraderH4 will guide you in detail on how to mine RENEC most effectively. 

Outstanding features of Remitano . floor

Remitano was first launched in 2014. Up to now, Remitano is a popular application used by Vietnamese investors because it supports VND. 

In addition, Remitano is also trusted because it possesses the following outstanding features:

• Flexible scalability

Scalability is one of the three main pillars of Blockchain Trilemma – the trilemma of blockchain. Every protocol and platform wants to have flexible scalability to optimize transaction processing speed and avoid network congestion. And Remitano is one of those projects that has the ability to flexibly expand thanks to its extensible designs right from the start.

• Cross-chain transactions 

Remitano integrates Cross-chain transactions in the network. Users can exchange assets across different blockchains using only one token, RENEC. Accordingly, Remitano allows locking an amount of tokens on this network and locking them on another blockchain. 

• Safe transactions with self-checking wallets

Cryptocurrency trading needs to be done with care. Because just choosing the wrong network, wrong cryptocurrency or wrong wallet address, you will lose the entire amount in that transaction and have little chance of getting a refund. Therefore, Remitano provides a self-checking wallet capable of detecting and stopping transactions if the user enters the wrong wallet address. 

What is the RENEC token?

RENEC is the official token of Remitano Network, first launched in June 2021. Currently, investors cannot buy and sell RENEC on exchanges, but can only mine this cryptocurrency through the application of the Remitano exchange. 

Basic information about RENEC token:

• Token Name: Remitano Network Coin
• Ticker: RENEC
• Blockchain: Remitano Network
• Token Type: Utility
• Total Supply: Updating

RENEC token development roadmap

Instructions for mining RENEC tokens on Remitano

Step 1 : You download the Remitano app on Google Play (for Android operating system) or App Store (for iOS operating system). 

Step 2 : You open the app, click on the three dashes button at the top left and then click on “ Login/Register ” to log in to your account. 

Note, you need to verify the phone number before proceeding with RENEC mining. In addition, you can verify with identification documents to speed up mining later. In case you do not have an account, you need to register and follow the instructions. You can refer to how to create a TraderH4  Remitano account .

Step 3 : You return to the main interface and click " Mining RENEC ". Then, you scroll down to read the information and then select " RENEC Mining ". 

So you have completed the steps to mine RENEC tokens on Remitano. Soon, TraderH4 will provide you with ways to increase mining speed, thereby getting more RENEC tokens.

Question regarding RENEC token and RENEC token mining

What is the supply of RENEC tokens?

The supply of RENEC tokens has not been determined in advance. Instead, the supply will be decided from the results of the RENEC mining program. Accordingly, this result is expected to be announced in July 2022 after the first mainnet is launched with about 5 million participants. If less than 5 million people, the mining program will be extended for up to 3 months. 

How much RENEC can be mined per day?

The amount of RENEC mined depends on two factors: Mining power and reward for referring friends.

• Mining Power: After successful account creation and verification, users can mine 0.01 RENEC/hour, or 0.24 RENEC/day. In addition, you can double the mining speed by inviting at least 5 friends to mine or do one of the transactions on Remitano (buy, sell, swap...).
• Friend Referral Reward: You will receive 20% of the RENEC your friends mined if they register through the referral link you provided earlier.

Is the RENEC token a scam or not?

Many investors are worried about the RENEC mining model similar to Pi Network. However, we need to confirm that Remitano is a reputable and popular cryptocurrency exchange, especially in Vietnam. Therefore, the RENEC token of this project is not a scam. 

Should I mine RENEC tokens now?

In the Crypto market, we can easily see many cryptocurrencies of exchanges that have significant value and are trusted by a large number of investors. Such as BNB Coin of the Binance exchange. 

Considering that frame of reference, Remitano's RENEC is also an expected cryptocurrency. With the advantage of Remitano's reputation and scale of operation, RENEC can also be a great profitable investment opportunity in the not too distant future. Therefore, owning RENEC token as soon as possible is a good thing to do, especially when it is being mined for free. 

summary

Through this article, TraderH4 hopes you can better understand the RENEC token of the Remitano exchange and how to mine RENEC token effectively. See you in the next project analysis on TraderH4 cryptocurrency website.