The Remitano founding team has always maintained the belief and vision that blockchain and cryptocurrencies are a big step forward for society since their inception in 2015 when cryptocurrencies were still relatively new to the community. They continue to ensure that every process stays transparent, swift, secure, and decentralized.
With the desire to apply new capabilities and leverage the latest exciting technology to the Remitano Network and the RENEC in the near future, investors will be able to make transactions between different currencies efficiently and quickly, make inexpensive exchanges, escrow reliably, and perform sophisticated smart contracts.
Furthermore, because Remitano is always looking for ways to provide the most value to our investors while minimizing risk, we will not be conducting any RENEC offering activities during this time period, and ownership of RENEC will be freely distributed to all users via Mining. Take a look at the details below!
How to own RENEC?
Remitano only supports mobile app mining; if you haven't already, download the Remitano app from the App Store or Google Play and sign up as a user.
NOTE:
Each user can only have one Remitano account to mine and own RENEC. If Remitano detects fraud (e.g., one person owns multiple accounts), we reserve the right to withdraw all RENEC you own in all accounts. We have the policy to handle violations on a case-by-case basis as determined by the exchange.
The Mining process is not automated; to receive tokens, you must log in to the Remitano app every 24 hours and click on “Mine RENEC” under the “Mining RENEC” section.
All external trading information (if any) is a result of fraudsters acting on their own initiative.
How much RENEC can I earn per day?
Each user can mine once every 24 hours after completing the account registration and verifying phone number(Level 1. The amount of RENEC received by each user is determined by two factors: Your solo mining power and RENEC commission from friends.
Your solo mining power
Your maximum mining power as a solo miner is 0.02 RENEC/hour
- For phone number verification users (Level 1): 0.01 RENEC/hour. You will receive 0.24 RENEC within 24 hours.
- For document verification users (Level 2): 0.02 RENEC/hour. You will receive 0.48 RENEC within 24 hours.
RENEC commission from friends
You will earn referral RENEC commission for each person who successfully registers a Remitano account using your referral link, completes at least phone verification (Level 1), and starts mining RENEC. Your referral RENEC commission will be 20% of your downline's mined RENEC.
For example, You refer 400 users to sign up on Remitano, 100 out of 400 complete document verification, 50 out of 100 people mine RENEC, 50 out of 400 complete verification phone number and also mine RENEC. So, the total amount of RENEC you get from referrals within 24h is: 7.2 (([50 * 0.02 * 24] + [50 * 0.01 * 24]) * 20%).
Note: Remitano reserves the right to modify the way RENEC is distributed to users.
Where can I see my RENEC balance?
You can find out how much RENEC you own in one of two ways:
- Option 1: From the main menu, select "Mining RENEC." The section “Your RENEC Balance” can be found here.
Option 2: Go to “Dashboard” > “Wallet.” The Remitano Wallet is where all of the coins supported by the exchange are stored, including the Remitano Network Coin, are kept (RENEC).
Remitano is developing the Remitano Network in a series of phases that will be updated to users in the near future. We will pause the mining program after the successful launch of the REMITANO NETWORK mainnet and the first RENEC airdrop. That being said, you still have a good chance of owning a lot of RENEC before that time; all you have to do is start referring more friends ASAP to help increase your referral RENEC commission!
Need help or have questions? You can also contact our 24/7 customer support team through the chat box at the bottom right corner of the screen.
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