RENEC Mainnet officially enables RENEC/USDT Swap
Following the gensis block launch and mainnet stability testing conducted between October 1, 2022 and October 19, 2022.
Remitano Blockchain (RENEC) officially enters the 3rd phase from October 20, 2022, allowing users to use the network to trade RENEC via Remitano's Swap feature. You can learn more on how to swap coins on Remitano from the link below:
Read: How To Swap Coins on Remitano
Official Launch of the SWAP RENEC/USDT Feature
For the first time, after a lot of waiting, Users will be able to swap from RENEC to USDT on October 20, 2022 on the RENEC/USDT liquidity pool on Remitano's website and mobile app.
3.09% of RENEC's Total Supply equivalent to 2.254 million RENEC will be supplied to this pool with the same amount of USDT corresponding to the starting swap value of 0.1 USDT = 1 RENEC.
RENEC Tokenomics
The total supply of RENEC at the time of mainnet launch is 73,227,253 RENEC.
The supply of RENEC at the time of mainnet launch is structured to include components with the allocation as follows:
1. Miners community supply accounts for: 48.58% of the total supply ~ 35,575,446 RENEC.
2. The supply of the development team (Remitano Team) accounts for: 14.62% of the total supply ~ 10,705,247 RENEC.
3. Liquidity supply accounts for: 6.16% of the total supply ~ 4,508,786 RENEC.
4. Supply for marketing activities accounts for: 9.24% of the total supply ~ 6,763,179 RENEC.
5. Treasury accounts for: 12.31% of the total supply ~ 9,017,572 RENEC
6. Dapp development fund and ecosystem accounts for: 9.09% of the total supply ~ 6,657,023 RENEC.
Unlock schedule
Miner community supply and development team supply (Remitano Team) will be unlocked in instalments over five (05) years:
Year 1: 20% divided equally over 12 months and unlocked every Saturday.
Year 2: 20% split evenly over 12 months and unlocked every Saturday.
Year 3: 20% divided equally over 12 months and unlocked every Saturday.
Year 4: 20% divided equally over 12 months and unlocked every Saturday.
Year 5: 20% split evenly over 12 months and unlocked every Saturday.
Short-term marketing supply will be locked vesting for 24 months with a weekly cycle.
Long-term marketing supply will be locked vesting for 60 months (5 years) with a weekly cycle.
Treasury will be locked for 36 months, and 100% unlocked immediately after. This is a reserve fund for future activities with the purpose of keeping the network safe. If not used, this RENEC source will be burned.
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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