PRESS RELEASE. “Play & Earn” is no longer a strange term for most GameFi believers. Recently, Remitano Network, Remitano’s blockchain network, has launched a novel airdrop in the format of “Play to Earn”, allowing users to own the network’s RENEC token in the form of “group mining”.
Starting from the free daily RENEC solo mining at Remitano.com, users can now mine together in groups to receive a larger amount of RENEC token airdrop as a reward. Each mining pool is called a mining room, and after 24 hours, the team members will split a larger amount of RENEC than the solo mining effort.
This is a fairly new form of airdrop in the market, making the traditional airdrop less boring.
Participation is quite simple. You just need to sign up for a free Remitano account and start mining solo or in groups.
The RENEC mining program is limited to a maximum of the end of Q3 of 2022, so the sooner you join the better your chances of owning more of the exchange’s tokens.
Remitano Network Launches Testnet
At the beginning of April 2022, the Remitano Network Team successfully launched a test network (Testnet) that promises strong moves of Remitano, a 9-year-old crypto exchange, in the world of blockchain.
The RENEC mainnet is expected to launch sometime between the end of Q2 and Q3 of 2022, which is also the time when the RENEC airdrop program ends.
The potential of Remitano Network
In addition to taking advantage of owning RENEC Token from now on, perhaps what the community is most interested in is which applications will appear first on the network.
Although the development team has not officially announced the first applications to run on the network, with recent observations based on Remitano’s activities, we can predict their next steps. Here’s what we’ve been able to observe in recent times:
Firstly, a decentralized exchange will appear on the Remitano Network this year according to the development roadmap mentioned in the RENEC whitepaper. This is the basic step and premise of many blockchain networks today.
Also in the whitepaper, Remitano talks about bringing P2P transactions between cryptocurrencies and fiat on the blockchain, along with a decentralized KYC service. Imagine, RENEC will become the first blockchain to support on ramp off ramp and users do not need to go through centralized exchanges.
What does this mean for developers of decentralized applications (dApps)? Take, for example, popular play-to-earn games like AXEI, STEPN. New users have to go through multiple registrations on various exchanges to be able to convert between fiat and crypto, before they can start participating in the app. This creates a huge barrier for new users, making developers limited in terms of audience.
With Remitano Network supporting decentralized KYC on the blockchain, P2P fiat crypto trading can take place right in decentralized applications. Allows users to cash in cash out easily right in the app without having to move around or need a lot of blockchain knowledge. For app developers, this means reaching out to the general population, easily reaching new users.
It seems that NFT5, BombCrypto and ToCom will be the pioneer projects for this approach.
Linking the above facts, we can imagine the future picture of Remitano Network Blockchain. Do you think the growth potential of the network is extremely large?
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