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What Is Ren ?

Renos is a PoS-based cryptocurrency that engages the community to listens to whatever, the changing demands of the cryptocurrency economy requires and acts on such demands. Renos is community based cryptocurrency with a primary goal to develop a one of the best platforms and experience around the interests of its community.

A successful asset stems primarily from a large user base and as a result, an economy begins to grow around it.

The PoS powered native token of Renos network is RNS. This is the backbone of all the transactions including the staking and the governance voting that take place on the network. It uses Proof-of –Stake algorithm Scrypt as its consensus mechanism.

Renos’ coin supply was air-dropped during the winter of 2017 to over one thousand users globally, and since then, it has continuously working to improve the cryptocurrency for everyday use.

Renos aims to improve upon the original Bitcoin technology, making payments cheaper, faster and more private than its predecessor. All funds are secured through their Proof of Stake protocol, with higher energy efficiency and keeping transaction costs negligible.

A 3% annual coin emission acts as a reward to stakers and masternode holders, while their underlying principle is designed to appreciate through time and utility.

Renos (RSN) coin is traded using automated trading with Zignaly, using three different ways: The three ways are RenosCoin Copy Trading, RenosCoin Trading Bot and the RenosCoin Trading Terminal.

Team of Renos (RNS)

The Renos team chose to remain anonymous as there’s no information online that reveals their identities.

Uses Cases of Renos (RNS)

  • RNS token is used to carry-out transactions within the network.
  • RNS tokens are used for trading at the various exchanges that support the platform.
  • Renos (RNS) is used to track virtually everything in the cryptocurrency markets.
  • Renos (RNS) is used for digital assets creation in a blockchain.

 

Mining of Renos (RNS)

Renos (RNS) uses Proof-of-Staking (PoS) mechanism for mining RNS tokens. Renos (RNS) validates stakers who stake their RNS to secure the Renos network. Stakers are rewarded with RNS tokens from the network fees as part of their contribution.

Renos (RNS) tokens are available at few cryptocurrency exchanges that are partnering with them. You can get more information from their official website.

 

 

Notes for Investors

Renos (RNS) is relatively not doing well in the crypto market going by its unit price especially in the last 6 months. There’s just little or no information about their project online.

Presently, the unit price of Renos (RNS) is $0.000207 USD, the market capitalization is $6,902.71 USD, the circulating supply is 33,356,077 RNS and is currently ranked 1820th in the cryptocurrency market.

These statistics show that, Renos (RNS) is a token that started well, but has not really improved lately. Can there be surprises here, well, yet to be seen.

Quick Disclaimer:

This publication is not intended to endorse Renos (RNS) for any form of investment but to get readers well informed about Renos (RNS).The cryptocurrency market is unpredictable and anyone interested to invest should seek advice.