Remitano is a leading crypto-fiat peer to peer exchange that’s currently available and operates in over 30 countries around the world.
The platform was founded in 2015 by Babylon solutions limited, its headquarter is located in st. Vincent and the Grenadines, Seychelles.
The platform provides escrow services that connects crypto/fiat buyers to sellers, ensuring trades are easily carried out securely, efficiently and successfully, making sure both parties are satisfied with no one being or feeling cheated on.
I personally have been using remitano since 2017 and I can honestly say that their services are second to non in terms of converting local currencies to crypto and also converting crypto to local currencies and withdrawing to your local bank account.
Remitano Network Coin — RENEC
On June 30th 2021, Remitano announced the launching of Remitano Network Coin, abbreviated as RENEC, from the information provided in the drafted whitepaper which is available on remitano website, it is stated that there won’t be any ICO, IEO or any other form of fundraising for this project, but rather, RENEC will be freely distributed to both old and new users of Remitano platform in a process they termed as mining airdrop.
The mining airdrop is estimated to last for just one year, and in this one year, Remitano expects to have reached at least, 5 million miners, but incase this number is not attained before one year elapses, then the mining is likely to get extended for three months more.
RENEC is a coin that will run on its own blockchain, developers will be able to build smart contracts on this blockchain too, which automatically makes RENEC a base currency and used for transaction confirmations on the Remitano Network just like ETH is used for transaction confirmations on Ethereum network.
The above is just a tip of the iceberg if we consider the many products that’s planned to be built around RENEC which will in turn give it alot of utility and usage, and also not putting aside the fact that Remitano is a reputable company, RENEC is predicted to be highly valued in the future which is why it’s worth having now and for free too… splendid!
For more details about RENEC, please read the drafted whitepaper on the website.
How To Mine RENEC
First, I’ll like to say congratulations on making it to this point, now, mining RENEC is super easy and cost absolutely nothing, all you have to do is follow the procedures below and you will be mining RENEC in under 3 minutes.
- Click here to open the website, ones open, click on “MINE RENEC”, (see image below).
2. Select “Sign in with email” (see image below).
3. Enter your email address and click “send link” (see image below).
4. A link will be sent to the email address you provided, please open your email client and find it, incase you don’t find it in your primary mail box, please check your spam/junk folder, when found, please open and click on “log me in Remitano” (see image below).
5. In the next screen, you will be asked to choose a username, enter a username of your choice and click “submit”.
6. Now, proceed to level 1 verification which is also known as phone number verification, this can be done by text message, phone call, whatsapp or telegram message, all you have to do is enter your phone number in the box provided and select your preferred verification method (listed above) and click on verify, get your verification code and insert it in the box provided and click “submit”, ones the process is complete, you are done and now ready to start mining RENEC.
Please note that mining RENEC is only possible with the Remitano mobile app which is available to download on Google playstore and iPhone app store respectively.
- For Android users, the Remitano mobile App can be downloaded for free from Google playstore through this link.
- For iPhone users, the Remitano mobile App can be downloaded for free from iPhone app store through this link.
Ones the App is installed successfully, open it and log into your account using the same email address you used during the registration process above, ones logged in successfully, find the three dashed menu button and click on it (see image below).
From the list, click on “Mining RENEC” to open the RENEC mining page(see image below).
Ones the page opens, click on “MINE RENEC” to start mining, ones the mining is started successfully, you will see an inscription as the one in the image below.
Congratulations on successfully starting your own RENEC mining journey.
Please do note that mining is automatically paused every 24 hours, so to continue mining, you are required to log into the app after 24 hours everyday to start mining afresh by clicking the “MINE RENEC” button again.
Worthy Of Note
To increase your mining power which also increases the amount of RENEC you can mine everyday, please do well to invite your friends using your referral link which can be found by clicking on the “invite friend” button (see image below).
Please register using my link here.
Incase you need help, questions or suggestions, please contact me on telegram < (click to open chat with me)
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