By using this site, you agree to the Privacy Policy and Disclaimer.
Accept
NaijaknowhowNaijaknowhowNaijaknowhow
  • Home
  • Guides
  • Apps & Software
  • Tech News
  • Phones
    • iPhone
    • Infinix
    • Nokia
    • OPPO
    • Samsung
    • TECNO
    • Xiaomi
    • More Phones
      • HONOR
      • Huawei
      • Gionee
      • Innjoo
      • itel
      • LEAGOO
      • Lenovo
      • LG
      • Motorola
      • Sony
      • Vivo
      • Other Smartphones
  • More
    • Internet & data
      • Telcos
      • Internet & Data
      • Call Tariffs
    • Operating System
      • Android
      • Apple iOS
      • iPadOS
      • macOS
      • Windows
    • Banking & Finance
    • Buying Guide
    • Computers
    • Gaming
    • Video Tutorial
    • Gadgets
    • Accessories
    • Online Business
    • Wearables
    • Featured
  • Advertise
  • Contact Us
Search
  • About Us
  • Contact
  • Advertise
© NAIJAKNOWHOW MEDIA
Reading: Remitano Enables Free RENEC Mining Program for Nigerian Users
Share
Notification Show More
Aa
NaijaknowhowNaijaknowhow
Aa
Search
  • Home
  • Guides
  • Apps & Software
  • Tech News
  • Phones
    • iPhone
    • Infinix
    • Nokia
    • OPPO
    • Samsung
    • TECNO
    • Xiaomi
    • More Phones
  • More
    • Internet & data
    • Operating System
    • Banking & Finance
    • Buying Guide
    • Computers
    • Gaming
    • Video Tutorial
    • Gadgets
    • Accessories
    • Online Business
    • Wearables
    • Featured
  • Advertise
  • Contact Us
Follow US
  • About Us
  • Advertise
  • Banner Ads
  • Contact Us
  • Privacy Policy
  • Disclaimer
© NAIJAKNOWHOW MEDIA
Naijaknowhow > Banking & Finance > Remitano Enables Free RENEC Mining Program for Nigerian Users
Banking & FinanceFeaturedTech News

Remitano Enables Free RENEC Mining Program for Nigerian Users

Naijaknowhow Team
Last updated: 2022/05/30 at 5:39 PM
Naijaknowhow Team
Share
5 Min Read
Remitano free renec mining
SHARE

Global peer-to-peer crypto exchange Remitano is currently developing its native token, RENEC, to improve the quality of services delivered to customers, reduce transaction fees and ensure secure and swift transactions. While Remitano Network is still in the development phase, Remitano has provided an amazing opportunity for old and new Remitano users in Nigeria to earn FREE RENEC via a mining program.

Contents
What is RENEC?What makes RENEC different?How to own RENEC?4 easy steps to mine RENECAbout RemitanoGot Questions?

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.

What makes RENEC different?

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.

RENEC will also be the base currency for the Token Decentralized Exchange and the decentralized fiat-token escrow that will be built on the Remitano Network. With RENEC, crypto swap and P2P trading fees will become cheaper.

Remitano commits to deliver 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

After that, remitano.com will work closely with the community in order to build other blockchain products.

Also Read:  WhatsApp's Latest Updates: Screen Share and Landscape Mode for Video Calls

The Remitano Network is designed to be scalable, therefore, new products will be built on it, consequently increasing the value of RENEC. 

Check out the Official RENEC whitepaper to learn more about this token. 

How to own 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 in Nigeria and other countries 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.

4 easy steps to mine RENEC

  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.
    mine RENEC
  4. Click on the “Mine RENEC” button to start mining
    mine RENEC

Eventually, it will show the progress of your mining RENEC like this image:

mine RENEC

Users must have registered an account with Remitano and verified their phone number to be eligible to mine RENEC. 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.

A user can mine up to 0.02 RENEC per hour depending on the level of verification. 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.

Also Read:  TeraBox: How to Acquire Cloud Storage for Free

Check out the definitive guide of the RENEC token.

Remitano will continue to build products on the RENEC network. This will give RENEC a lot of utility and usage. Also, the fact that Remitano is a very popular escrowed P2P cryptocurrency exchange in multiple countries across the world, with time, the value of RENEC is likely to increase which is why you should try and get the token now that it is free.

About Remitano

Remitano is one of the largest peer-to-peer (p2p) cryptocurrency trading platforms in the world, currently serving users in more than 30 countries. The platform provides an escrowed p2p crypto marketplace allowing users to buy bitcoin in Nigeria and cryptocurrency easily and safely. Remitano is a market leader in the p2p platform space, featuring an intuitive and user-friendly interface, 24/7 customer support, and boasts some of the lowest fees in the industry.

Got Questions?

Reach out to Remitano via:

  • E-mail: [email protected]
  • Socials: Facebook, Twitter, Instagram

You Might Also Like

7 Best Online Bingo Apps That Pay Real Money (2023)

7 Best Loan Apps To Borrow Money in Nigeria (2023)

Best Buy Now Pay Later Stores in Nigeria (2023)

6 Best Investment Apps in Nigeria for Android and iOS (2023)

7 Best Stock Market Simulators for Stock Traders (2023)

TAGGED: Crypto, Crypto Mining, Cryptocurrency, Remitano, RENEC Mining
Share This Article
Facebook Twitter Whatsapp Whatsapp
Share
Naijaknowhow Icon
By Naijaknowhow Team
Follow:
This is the profile of our team of prolific writers who create amazing tech-related content. The information contained on this website is for general information purposes only and does not represent the opinion of Naijaknowhow Media. Want to advertise on Naijaknowhow Media? Please CLICK HERE to send a message.
Previous Article Ulefone Armor X8i Ulefone Armor X8i Launched, Waterproof, Dustproof and Shockproof Smartphone With Helio A25
Next Article HONOR Pad V7 HONOR Pad V7 Announced, 10.4-inch 2k Tablet With MediaTek Kompanio 900T
Leave a comment Leave a comment

Hey fam, don't go without a reply!Cancel reply

- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image
- Advertisement -

Latest News

Best Screenshot Tools for Windows
10 Best Screenshot Tools for Windows PC (2023)
Apps & Software September 27, 2023
Websites Like Cameo
Best Websites Like Cameo to Create Videos Online (2023)
Tech Tutor September 27, 2023
video to MP3 converter apps
7 Best Video to MP3 Converter Apps for Android (2023)
Apps & Software September 27, 2023
Best Icon Generator Apps
7 Best Icon Generator Apps for Android Devices (2023)
Apps & Software September 27, 2023

Stay Connected

5.9k Followers Like
2.2k Followers Follow
1.6k Followers Pin
1.2k Followers Follow
1.9k Subscribers Subscribe
500 Followers Follow
NaijaknowhowNaijaknowhow
Follow US
© NAIJAKNOWHOW MEDIA (BN 2738473) | 2015 - 2023 All Rights Reserved.
  • About Us
  • Advertise
  • Banner Ads
  • Contact Us
  • Privacy Policy
  • Disclaimer
X
GET EXCLUSIVE CONTENT
SUBSCRIBE TO OUR CHANNEL