RENEC will run on an independent blockchain platform called Remitano Network.
RENEC is the abbreviation of Remitano Network Coin, the native and governance token on the Remitano Network blockchain ecosystem. Applications built on Remitano Network include token swap (DEX), decentralized finance (Defi) applications, NFT and are ready for a future of decentralized internet like Web 3.0 and Metaverse.
RENEC will be used to pay gas fees for transactions on the network. When swapping coins through RENEC tokens on Remitano Network's decentralized exchange, users will only have to pay a fee of 40% cheaper than usual.
** To learn more about RENEC Token, please refer to the article The Complete Guide to RENEC and the video below: