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Remitano may launch Mainnet in the second quarter of 2022 anticipates 5 million users




 remitano network

Remitano Network Team in an email update titled 'Important RENEC Updates in Quarter 2/2022' stated that the Mining program is expected to end on July 1, 2022, with an anticipated number of miners of 5 million and if less than 5 million users have claimed RENEC tokens, the mining program and mainnet launch time can be extended.

"Our mining program started on June 30,2021 and is expected to end on July 1, 2022, with an anticipated number of miners of 5 million. If less than 5 million users have claimed RENEC tokens, the mining program and mainnet launch time can be extended for up to three months."

The network team launched its Testnet on March 31, 2022, making it the first turning point of the blockchain project developed by Remitano. This motivated us to aim for the mainnet launch in 2022. stated in the update.

When the mainnet launches, participants will be able to transfer their tokens to the mainnet in instalments for five years with the requirement that each RENEC hodlers complete KYC Level 2 at Remitano.com.

Remitano Network is one of the P2P escrowed cryptocurrency exchanges with Renec being its native token. Its blockchain is designed to make it possible for users to transact quickly with cheaper fees, secure escrow and execute complex smart contracts using the RENEC token on its wallet.

One of the major updates coming on the network in the second quarter is pioneering decentralized applications (Dapps) which will be built jointly by Remitato and other Dapp developers.

"The second quarter of 2022 will also mark the development of pioneering decentralized applications on the testnet. A valuable blockchain project needs practical applications running on the network."

The team believe that blockchain and decentralized applications will provide solutions to help more people come to Crupot, bringing the worlds of Crypto and fiat closer to each other, allowing you to make transactions quickly, and securely in a decentralized way with the lowest fees.

Remitano Network Team also added that the team will have activities to make RENEC mining more and more exciting in this second quarter.



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