RENEC Contract Address and RENEC Token Explained

What is the RENEC Contract Address

The RENEC contract address refers to the address on the blockchain where the RENEC token smart contract is deployed. The address allows people to interact with the RENEC token and acts as an identifier for the token on the blockchain.

What is RENEC?

RENEC is the native token of the Remitano Network, a blockchain ecosystem focused on decentralized finance (DeFi) applications, non-fungible tokens (NFTs), and web 3.0 development.

Some key points about RENEC:

  • RENEC stands for Remitano Network Coin. It is the governance and utility token of the Remitano Network.
  • The Remitano Network includes features like a decentralized exchange (DEX), DeFi apps, NFT marketplace and more.
  • RENEC will be used to pay gas fees and transaction fees on the Remitano Network at discounted rates.
  • RENEC enables holders to participate in governing decisions of the network through voting and staking.

The RENEC Contract Address

The RENEC token is an ERC-20 token deployed on the Ethereum blockchain.

The RENEC contract address is:

0xd017e69cd6ea2a112a4441e31ea4784e324ecba7

This address can be verified on Etherscan.

Interacting with this address allows users to:

  • Send and receive RENEC tokens
  • Check RENEC token balance
  • View total supply and other token metrics
  • Integrate with RENEC token in applications

So in summary, the contract address serves as the unique identifier for the RENEC token on the blockchain.

How to Get RENEC Tokens

As mentioned in the extra information provided, currently the only way to earn RENEC tokens is through mining on the Remitano exchange platform.

Users cannot purchase, sell or transfer RENEC tokens externally until July 1, 2022 per the official Remitano guidelines.

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RENEC Mining on Remitano

To earn RENEC, users have to mine it on Remitano by:

  • Placing buy and sell orders on crypto trading pairs
  • Providing liquidity through market making
  • Staking USDT to earn mining rewards in RENEC

More details are available on the Remitano website.

Once mining has commenced, users can track their RENEC balance on the Remitano dashboard.

Buying RENEC Tokens in Future

After July 2022, RENEC will likely get listed on centralized crypto exchanges for trading by the public.

Some potential future listing platforms are:

  • Uniswap (DEX)
  • Binance, Kucoin etc. (CEX)

But official announcements are awaited from Remitano on specific listing details.

Storing and Using RENEC

Since RENEC is an ERC-20 token, it can be stored in any Ethereum-compatible ERC-20 wallet like:

  • Metamask
  • Trust wallet
  • Ledger Nano
  • Trezor

And more.

RENEC use cases include:

  • Paying gas and transaction fees on Remitano Network
  • Staking for governance rights and rewards
  • Liquidity provision on RENEC DEX
  • Accessing DeFi apps on Network
  • NFT purchases and trading fees

As the Network develops, more DApps and real-world utilities for RENEC tokens are expected.

Is RENEC a Good Investment?

As with any crypto asset, RENEC price prediction can be speculative. But some positive factors about RENEC include:

  • Strong parent company in Remitano exchange
  • Developing an entire blockchain ecosystem around RENEC
  • Real-world applications focusing on DeFi, NFT & metaverse
  • Governance capabilities for token holders

The limited initial supply and mining rewards also make it attractive in the short term.

RENEC does seem to have long term potential but sustainability will depend vastly on the actual adoption and growth of the Remitano Network being developed.

The Bottom Line

The RENEC contract address 0xd017e69cd6ea2a112a4441e31ea4784e324ecba7 identifies the RENEC token smart contract on the blockchain.

RENEC is the native utility token powering the Remitano Network ecosystem for DeFi, NFT and metaverse applications.

For now, RENEC mining on Remitano platform is the only way to earn tokens until official listing in July 2022.

With real-world use cases and governance capabilities, RENEC can be a promising long term investment if the Network gains adoption.

Frequently Asked Questions

What blockchain is RENEC built on?

RENEC is an ERC-20 token deployed on the Ethereum blockchain.

Where can I buy RENEC tokens?

RENEC is currently not available for purchase externally. It can only be earned through mining on Remitano exchange. After July 2022, Centralized and Decentralized exchanges are expected to list RENEC for trading.

What is the total supply of RENEC?

The max supply of RENEC is capped at 10,000,000 tokens as per its tokenomics.

How do I store my earned RENEC tokens?

RENEC can be stored in any wallet compatible with ERC-20 tokens like Metamask, Trust Wallet etc.

What can RENEC tokens be used for?

RENEC has utility within the entire Remitano Network ecosystem including paying gas fees, DeFi staking, governance through voting and more.