RENEC is short Remitano Network Coin. It is the token of the Remitano network, a blockchain designed to facilitate quick transactions at a reduced fee, a fast decentralized exchange with efficient escrow in place. The launch of the RENEC token was announced on June 30th, 2021.
Remitano Network is not a single blockchain, rather it is a set of blockchains. The initial network will be a simple value transfer one, similar to Bitcoin, Litecoin but with faster block time and more efficient consensus protocol. At this stage, RENEC will be called Remitano Electronic Cash.
Remitano only allows mining through the Remitano mobile application. So you need to Install Remitano App and begin mining RENEC at the tap of a button.
How to mine RENEC on mobile
1. Download the Remitano app on PlayStore and AppStore.
2. Register or log in to the app
3. From the list of menu that is displayed, click on “Mining RENEC”. This should take you to the mining page.
4. Click on the “Mine RENEC” button to start mining
It will show the progress of your mining RENEC.
You must have a registered account with Remitano and verified their phone number to be eligible to mine RENEC. The Mining RENEC is not automated so once you already have the app you have to log in to your account every day to mine RENEC.
Depending on the level of your verification, a user can mine up to 0.02 RENEC per hour. Complete up to level 2 of verification to increase your mining power. You can also boost your RENEC rewards through Remitano referral. When your referrals mine successfully, you earn 20% of their mined RENEC.
Congratulations! Enjoy mining and share with others.