Global peer-to-peer crypto exchange Remitano is currently developing its native token called RENEC and you can mine it for free.

Aimed at improving the quality of services delivered to customers, reduce transaction fees and ensure secure and swift transactions, RENEC is still in the development phase and new Remitano users in Africa to earn FREE RENEC via the mining program.

What is RENEC?

RENEC is an abbreviation of 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.

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Remitano aims at delivering the first 3 products for the Remitano Network as follows:

  1. Low fee decentralized P2P electronic cash with Multisig capability
  2. Low fee decentralized tokens exchange
  3. Low fee decentralized escrow service

How to Mine Free RENEC?

Because Remitano holds its investors and traders in high esteem while also reducing risk, Remitano will not hold any ICO for RENEC. It is different from other ICO’s where investors will have to pay ETH or BTC to secure a specific amount of the coin. Instead, RENEC will be given out freely to both new and old Remitano users through mining.

For now, 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.

  1. Download the Remitano app from the PlayStore or AppStore.
  2. Register or log in to the app
  3. Open the menu and click on “Mining RENEC”. This should take you to the mining page.
  4. Click on the “Mine RENEC” button to start mining
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You must have registered an account with Remitano and verified your phone number to be eligible to mine RENEC. Mining RENEC is not automated so you will have to log in to your account every day to mine RENEC.

A user can mine up to 0.02 RENEC per hour depending on their level of verification. Complete up to level 2 of verification to increase your mining power.

Join via this link.

According to Remitano, the RENEC token currently has no value “We will reveal more information about its worth later on Mining is an ongoing developing project. More details will be provided as the project progresses. Developed (and high end) technologies and little electricity power consumption will be Remitano’s future core” a customer care representative told Techspace Africa.

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Nigel Jr.
As a tech enthusiast and expert, Nigel Jr. is dedicated to providing in-depth and insightful content on all things technology. With a background in online journalism, product reviewing, and tech creation, Nigel has become a trusted source for all things tech.

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