As stated in the RENEC Whitepaper, the RENEC mining period will be extended by 3 months until the end of September 30, 2022, which will also be the expected time of the RENEC mainnet launch.
Validator Node and Staking
Now, anyone can run the validator node software on their personal computer with the proper required configurations. However, this requires technical knowledge, and your computer must be online 24/7. You can refer to the instructions for running the validator node software here:
https://docs.renec.foundation/running-validator
Node validators play an important role in the operation of a blockchain, according to the Delegate Proof of Stake Protocol (DPoS). It is associated with using RENEC tokens for staking and voting on the network.
When participating in staking, individual RENEC holder will stake their RENEC tokens into staking pools operated by node validators. In retrurn, Staking rewards will be given to node validators and participants in the staking pool.
The staking feature will soon be available in the RENEC wallet when the mainnet launches.
Remitano DEX on Testnet
According to the development roadmap, the Remitano Dex (decentralized exchange) will soon be available on the Remitano Network Testnet at the beginning of Q3. We will have an official announcement when it officially launches.
Remitano DEX functions as a decentralized spot exchange. You just need to connect the RENEC wallet to the exchange and trade with the desired token pairs. For example, RENEC/rUSDT, RENEC/VNDR, RENEC/rUSDC.
Note: all transactions on Remitano DEX during the testnet period have no actual value until the Remitano Network mainnet launches.
Transfer of RENEC token to the Mainnet
Q3 marks a crucial period with preparations for the transfer of RENEC tokens to the mainnet. Completion of KYC level 2 is required for you and your downlines to be eligible to transfer RENEC to the mainnet.
We will have a user interface for validating the RENEC balance that you can migrate to the mainnet soon.
Dapps and Hackathons
Dapps or decentralized applications are important in the development of Remitano Network's blockchain ecosystem. The 3rd quarter of 2022 will set a milestone of pioneering decentralized applications on the Testnet. With that in mind, in Quarter 3, we also plan to host a hackathon for pioneering Dapps developers on the Remitano Network.
In addition to the above highlights, you will also have the opportunity to participate in other new and exciting activities exclusively for miners.
Hopefully, you have had an overview of the 3rd quarter of Remitano Network. Until the mainnet launches, enjoy the remaining time to mine RENEC daily with your friends.
How To Join the Existing Renec Miners
You can follow the instructional steps below to join the existing miners if you are yet to start mining Renec:
Step 1: Register on Remitano through this link:
https://remitano.net/renec/ng/join/3449864
Step 2: After successful registration, Search for "Remitano" on App Store or Google play store and Download Remitano mobile app.
Step 3: Open the app and login in.
Step 4: Click on the drop-down menu at the top left corner of the app, and click on the "Earn RENEC".
Boom! Congratulations! Your Renec will start mining
The mining will stop after 24hrs. Login to the app daily to keep mining RENEC.
Note: Make sure you also verify your remitano account up to level two to enable you transfer your mined RENEC to mainnet. Click here to read more on how to mine renec and verify your level 2 account.
If you missed out on Bitcoin, Ethereum, or BNB (Binance Coin), don't miss RENEC.
What Can I Do To Get RENEC?
Mining of Renec has officially ended on the 30th of September, 2022. So Renec has been officially launched on the 20th of October, 2022. So whether you mined RENEC through the free mining program or not, this is the best opportunity for you to buy or swap RENEC now with USDT by following the steps below:
follow the instructional steps below to get prepared on how you can buy or swap RENEC after launch from 20th of October onwards:
Step 1: Register on Remitano through the link below if you don't have REMITANO account:
https://remitano.net/renec/ng/join/3449864
Step 2: After successful registration, Search for "Remitano" on App Store or Google play store and Download Remitano mobile app.
Step 3: Open the app and login in.
Step 4: Verify your level 2 account by Doing your KYC.
Step 5: Then, learn how to swap coins on remitano from the link below: while waiting for your Level 2 KYC to be fully verified.
https://www.globaltechedu.com/2022/04/how-to-swap-coins-on-remitano.html
Note: (From the tutorial guide on the link above on how to swap coins on Remitano), The same process you can use to swap/trade RENEC.
Be an early investor by following the instructional steps above to buy RENEC from Remitano by swapping. Don't miss out on this Amazing opportunity.
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