As you know, RENEC Mainnet is scheduled to launch on October 1, 2022 (the official time may fluctuate around the first week of October 2022).
Before this milestone, you will need to understand the following 3 issues for a smooth transfer of RENEC to the mainnet.
#1: Complete KYC Level 2 to Claim RENEC
To ensure the transparency of the Remitano Network (RENEC) when the mainnet launches, each RENEC token holder must complete the KYC level 2 verification at Remitano.com by October 1, 2022.
To complete your KYC level 2 account, click on " Verify account" from the menu. See screenshot below:
Then follow the instructional steps to verify your level 1 and 2 account by verifying your phone number and submitting your documents ID like National ID, Drivers license, international passport (or Voters card for Nigerians).
In other words, a mandatory condition for you to be able to transfer the amount of RENEC you have in your wallet balance is to complete KYC level 2 verification before October 1, 2022. This principle applies to the amount of RENEC you earn from different sources as follows:
- The amount of RENEC from solo/group mining and airdrops from Remitano's marketing programs: is eligible to be transferred to mainnet once you have completed the KYC level 2 verification.
- The amount of RENEC from the RENEC Ambassador program: is eligible to be transferred to the mainnet once both you and your downliners have completed the level 2 KYC verification.
- The amount of RENEC rewarded when a downliner completed the KYC level 2 verification: is eligible to be transferred to mainnet once you have completed the KYC level 2 verification.
- The amount of RENEC rewarded for registering via a referral link (ref link): is eligible to be transferred to mainnet once you have completed the KYC level 2 verification.
Before the mainnet launch, which is expected in September 2022, you will see your RENEC be classified into 2 sources: verified and unverified, when accessing your Remitano wallet.
The development team encourages you to complete the KYC level 2 and also remind your downliners to complete the KYC level 2 so that the transfer of RENEC to the mainnet in the future will be seamless.
Level 2: KYC reminder feature:
To remind your downliners to complete the KYC Level 2 verification, you can use the KYC prompt button in the downline list section at Mining RENEC page.
Note:
- Switch to Solo Mining tab to see the ‘List of downliner’ button. See screenshot below:
- When clicking the KYC prompt button, your downliners will receive a notification from the Remitano app and an email with a ‘how to complete KYC Level 2’ instruction.
- You can only click the KYC prompt button 7 times a day at most.
#2: RENEC Unlocking Schedule for the RENEC Community
The verified amount of RENEC (completed KYC Level 2) of the RENEC community will be unlocked according to the following schedule:
Year 1: Unlock 20% during 3 months from October 1, 2022 to December 31, 2022 weekly (every Saturday).
Years 2-5: Unlock 20% monthly (first day of each month).
#3: What Happens to the Unverified RENEC Amount?
From October 1, 2022, the amount of RENEC from unverified accounts will be transferred to a public wallet and become the RENEC Community and Network Development Fund.
This fund will be used for the distribution of rewards to the RENEC community through promotion programs, community development, application development hackathons on the network. In other words, the fund will be distributed back to the community that supports and believes in RENEC.
Unlocking schedule:
Year 1: Unlock 20% during 3 months from October 1, 2022 to December 31, 2022 weekly (every Saturday).
Years 2-5: Unlock 20% monthly (first day of each month).
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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