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What is Renos Coin?

What is Renos Coin?


The initial offering of Coin Coin Renos was on March 2, 2017. At the time of launch existed 33,333,333 units of abbreviated as RNA cryptocurrency . 90% were sold to interested users, a small part (1%) was withheld to finance the advertising campaign and a large part (9%) went into the pool to finance future developments in the currency. Meanwhile Renos is the most relevant online exchanges for crypto currencies traded. Originally 33,333,333 RNAs were available, meanwhile there are 33,356,077 RNAs.

The Renos Coin Community

Renos has a very strong focus on the community. Originally the currency was planned as a small project, but in recent months has become one of the most developed crypto currencies. All decisions and developments within the Renos community are coordinated. Anyone who owns a Renos Wallet is theoretically able to help shape the future of the currency, with votes weighted. Those members of the network who have a higher percentage of RNA in their wallet own, rather have the chance that their voice will be heard than members with less credit. Of course, many small voices can override a big voice, so decisions that would only benefit people with more coins in the wallet are not feasible.

Technical specifications and details from Renos Coin

Renos is based on the X11 algorithm, one of the most secure algorithms currently available for blockchains. 11 levels of security ensure that the currency is stable, even if a hash function does not work properly. Profits are earned according to a proof-of-stake procedure. When creating a new block, all holders of RenosCoins get a small return on their wallet. 3 RNS per scraped block will be distributed to members of the community. In addition, Renos still provides software for so-called master nodes. Each member of the Renos network, who has more than 30,000 RNA in his wallet, qualifies as a masternode. These master nodes fulfill higher-level tasks within the network, for example, they ensure that transfers are instructed and the like. Masternodes also receive a small share of the profits from new blocks. In this way, small returns can be obtained without the use of computing power – something akin to interest on a savings account. Currently Renos-Wallet is offered for Microsoft Windows, Linux and the Apple operating system OSX.

What is the current market capitalization of Renos Coin?

At its launch on 2 March 2017, the equivalent of an RNC was $ 0.000552 (USD). Initial market capitalization data is available from 4 March 2017. At that time, it was $ 38,749, which was realized through a coin price of $ 0.001162. After an initial upswing, Renos reached its all-time high on July 14, 2017, with a market capitalization of $ 4,209,469 and an RNT of $ 0.126198. Shortly thereafter, the currency fell again and has been exposed to strong volatility in recent months, but the value has always remained above the original value of the currency. Today, the market value of the cryptocurrency is $ 1,310,920 with a coupon of $ 0.039301.

The post What is Renos Coin? appeared first on Technology Geeks | Gadgets | IoT | News.

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What is Renos Coin?


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