Many are asking how to stake on RENEC wallet as withdrawal of the RENEC from the mining App will be enabled today.
RENEC is the abbreviation of Remitano Network Coin, the native and governance token on the Remitano Network blockchain ecosystem.
As we are know Remitano provides escrowed P2P Bitcoin marketplace where people buy and sell Bitcoin easily and safely with notable simple UI, friendly online customer support 24/7 and lowest fee compared with major players on the market.
You can start your RENEC staking experience with just a few basic steps:
Step 1: Access this address https://wallet.renec.foundation/
Step 2: Restore with seed phrase or create a new RENEC wallet.
Step 3: Select the Staking menu, select “Validator”, and press the “Stake” button.
Step 4: Select the amount of RENEC you want to stake and press the “Stake” button.
How are staking rewards distributed?
Staking rewards are distributed proportionally to all participants who stake RENEC in the pool operated by validators. The distribution percentage depends on the ratio of RENEC you stake in the pool minus the validator pool participation commission.
Example: The reward for a block is 100 RENEC with a 10% pool commission. These 100 RENECs are distributed according to each participant’s stake as follows:
The commission received by Validator: 100 * 10% = 10 RENEC
All authorized persons receive: 100 – Commission = 90
After that, each delegate will receive their reward in 90 RENEC, corresponding to the % RENEC they stake in the pool.
Note: In addition to the commission, the validator receives a transaction fee on the blockchain
When Is Renec Launching
Mining of renec 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:
How to buy or swap RENEC Token
follow the instructional steps below to get prepared on how you can buy or swap RENEC after launch from the 20th of October onwards:
Step 1: Register on Remitano through the link below if you don’t have a 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.
Renec Coin Price Prediction
The live Ren price today is $0.115361 with a 24-hour trading volume of $12,011,180. We update our REN to USD price in real-time.
Ren is down 0.50% in the last 24 hours. The current CoinMarketCap ranking is #177, with a live market cap of USD 115,250,454. It has a circulating supply of 999,037,500 REN coins and a max. supply of 1,000,000,000 REN coins.
How To Sell Renec
If you would like to know where to buy or sell Ren at the current rate, the top cryptocurrency exchanges for trading in Ren stock are currently Binance, XT.COM, MEXC, OKX, and Bitrue.
Hope you got value, remember to share with others about the remitano raindrop, how to stake on renec wallet and how to claim airdrop.
