The Wait Is Over: Renos History Is In The Making

in cryptocurrency •  5 months ago

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Before we dive into the massive list of coming upgrades here at Renos. We want to thank everyone for being so patient with us for updates and the continued support that every community member has given to everyone involved with this project. Today we are very happy to let the world know, that not only are we upgrading important areas but we are also bringing everyone what they asked for.

Renos strives to unify community and developmental progress into one set standard. Our coin supply was fairly distributed, as it was airdropped in its entirety during February of 2017. The platform launch also included a modest development fund (approx 3 million RNS) that is secured in 3rd party escrow. It is only spendable for project development.

We utilize Proof of Stake instead of Proof of Work, so you don't have to buy a masternode (or expensive mining equipment) to generate payouts. You could stake a handful of coins or 125k+ coins and still receive proportional rewards.

Best of all, Renos was NOT an ICO and has never asked for funding! There are no founders’ fees or other benefits, nor misaligned incentives that benefit a fortunate few. Rather it’s a fresh cryptocurrency paradigm, a community project where members are joining together to build a secure and private payment platform and as you will soon find out…much more now.

But before we dive into the specifics for the public to wrap their minds around the new Renos soon to unfold, we want to take one last minute to thank BuRNiNBoNeS and Bl4ck for their hard work and efforts. These two have been an outstanding duo of accessible project managers and have been so since Renos' inception. Our community and fellow team members thank you for all your hard work. Without you guys, we wouldn’t be here, releasing such a huge move forward as we are about to do.

And Now...The Announcements!

In the spirit of open source projects, we have begun the next phase of integrating enhanced governance & privacy features into Renos. We have spent a lot of time with our community, listening, in order to utilize their voice while forging a path ahead. Through that we are now pleased to announce we have not only listened but we are well underway with numerous projects. These advancements will bring the Renos family together and allow us to journey down a path of improved security, privacy and community!

We’re pleased to announce numerous new features:

1. We will be integrating Zerocoin protocol into our platform. This represents the most iron-clad security available to blockchain tech. Zerocoin transactions will offer full anonymity, as a RNS specific Zerocoin blockchain will sever all links between inputs and outputs.

There is no swap, no trusted setup amongst devs, no founders fee and the coin supply will remain transparent and verifiable.

NOTE: A further functional overview of Zerocoin protocol is located here for those curious about this addition: https://en.wikipedia.org/wiki/Zerocoin

2. Masternode voted, blockchain-funded governance will soon be fully fleshed out. This ensures that Renos will always have a budget, voted on by participating community members via masternodes. Masternodes currently cost ~$500 (30k RNS), so almost anyone wishing to participate in governance can do so.

3. Staking will soon be (optionally) PRIVATE! In wallet, users will be able to convert their RNS to zRNS, and then be paid anonymously to secure the network. Through this technology, third party observation becomes impossible. Newly awarded zRNS will be spendable (burned), as newly minted RNS. Future rewards/ block payouts (90 second target time) will be adjusted to 2 RNS for staking, 2 RNS for private staking and 2 RNS for running a masternode.

We feel strongly that no matter your RNS position, the percentage earned in rewards should be proportional across all users.

4. To perform the upgraded features, heavily updated Renos wallets are required. These are well under development and nearing finalization.

5. We never tire of innovation, and so in that spirit, we’ve saved perhaps the best for last. Renos will soon have our very own decentralized exchange, known as ReDex. Of course, this will include traditional cryptocurrency pairings such as RNS/ BTC and RNS/ ETH. Additionally, we will soon announce pairings in growing utility coin projects showing merit and uniqueness, currently overlooked by larger exchanges.

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There is an active community working behind the scenes to bring further utility to the Renos platform. Eventually, we plan to incorporate Redex into the Renotron wallet platform for even more seamless security and privacy. In addition to the features listed above, Renotron will automate trades between most cryptos across all major exchanges.

An alpha version on Github is currently available for testing (https://github.com/RenosCoin/RenoTron/releases), feel free to give it a test drive as we develop further. To use Renotron's features, there will be a collateral requirement, secured only in RNS, providing utility for our currency, while stabilizing the coin supply.

Beyond the previously mentioned features, there will be others such as: multi wallet administration for most bitcoin based coins, ability to run multiple daemons from the same user interface, integration of the full Renos wallet, masternode management, trading, account reconciliation & remote management.

Still other projects are being discussed and/ or developed for integration into Renos. Some of these include a mobile wallet, android trading platform for on the go trading and tiered masternode governance. If you're looking for an honest project, with competent devs aiming for utility and innovation- feel free to hang around and familiarize yourself with Renos. We are pleased you've joined us!!

https://renoscoin.com

Our Home Is Your Home

We fully understand its summer and lots of family time is on everyone’s horizon. Summer schedules can make it challenging to keep up with so many coming releases, about to hit the public from Renos. So we invite you to take a seat and occasionally check in our Discord community. Over there, we will keep everyone in the know about our upcoming releases, as consistently as possible. We thank all the new members for piling into our Discord lately! The growth has been amazing and the personalities we have met are truly incredible.

Feel free to message our team anytime on Discord @ https://discord.gg/W27T8R

~Renos (follow us on Steemit @renoscoin)

You can find valuable information about Renos at the following sites:


Renos is also available for purchase at the following exchanges:



Need help setting up a masternode? Setupmasternodes.com is here for you day or night and can get your Renos MN up and running with their 48 hour guarantee.

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xd you paid like 200SBD and got nothing

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Actually that's not what that promotion boost was about, it was only to get the info out for our community and the world. Doesn't matter about a return as long as everyone gets the info before releases start coming out. So no loss or worries, but thanks for commenting

Is this a good project? can take risk to invest in this coin @renoscoin

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We can tell you this, this project is definitely with a group trying to move ahead in a way to be very transparent and for the community that stands by them. We don't want to push you into anything you haven't really researched for yourself but if you want, you can read our Whitepaper here: https://renoscoin.com/docs/Renos_Whitepaper_v1.0.pdf

If that helps you out @mayankpatel9998 and you would like to know more, our Discord is always open night and day, and you can chat with the team to feel things out even more. Our Discord is located at: https://discord.gg/W27T8R

Awesome new all around. I have been following this project for several months and am invested. I love the community and Dev availability as well as transparency. Very exciting times!

Z

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Its always good to have your support @mrwolff, glad to have you with us and so strongly backing everyone in this project. Good times ahead my friend ~@sflaherty

Very nice integration of blockchain

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Thanks for seeing that about us @cryptojolt our team has been working really hard lately to move Renos forward so we can't thank you enough for reading this post

great informative post. Great work keep on

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Thanks for taking the time to read this post @ryma-mkaouer, feel free to follow us if you get a moment, we should have more articles coming out soon about development and releases

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Hey, nice privacy enhancements and can't wait to use the ReDex!!

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Same here buddy, I am a fan already of DEX usages but having coins host them, really puts us back to the state of decentralized that this industry deserves. This is a major plus for Renos and hope eventually this spreads to others. Really sets the standard, don't you think @watershed ??

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@sflaherty is it great to invest in this coin? according to you

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Well I don't like giving out investment advice, always say the only way to invest wisely is to really research for yourself but I back these guys very very much. I have a feeling once all these advancements come out to the public they will go up from there. But I got to disclose this to you in honesty, I am also their marketer lol. But I can say this, I don't take on just any project when it comes to work, I am really picky but this team easily won me over due to their hard working nature and open honesty to their community. I would say take that link above for their Discord channel, hang out and feel out the project for yourself, great little group over there and lots of people that could help you in deciding if Renos has the potential your seeking. @jannatehimachal

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@sflaherty thanks for your helpful advice :) as you are team member of @Renoscoin I will say to gud luck for this team :)

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@jannatehimachal we really thank you for that, the hard work should pay off...definitely no give up in this team

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There's tons of info on Discord and you can talk to the team if you'd like: https://discord.gg/X63WXaU

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I gave you an upvote on your post! Please give me a follow and I will give you a follow in return and possible future votes!

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Quisiera conocer de qué trata Reno, sus características y funcionamiento para ver si me conviene participar.

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Desnudo conmigo, usando Google Translate para responderte, puede que no todo sea correcto @superacion50. Si tiene curiosidad por saber más sobre nosotros, le recomendamos que consulte nuestro WhitePaper @ https://renoscoin.com/docs/Renos_Whitepaper_v1.0.pdf

Si tomas interés de allí, no dudes en buscarnos en Discord, soy usuario @sflaherty allí si necesitas contactarme para hacer preguntas, o puedes chatear fácilmente con cualquiera de los miembros de nuestro equipo para obtener más información. Nuestra Discordia está en: https://discord.gg/W27T8R

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Gracias, lo haré en el momento oportuno
superación50

Do you think investment on this coin .Can give good reward in future ? When we can expect to be in market for trading.

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We don't really like to give investment advice but I can tell you that our devs are hard at work to get the Redex exchange out to the public as soon as its working perfect and well tested. The good news @shanway is that you can trade for Renos at Cryptopia, Crypto-Bridge, and Coinexchange.io, just search for RNS or Renos and we will pop up on those exchanges currently. As soon as we are ready to release all these coming advancements listed in this article, we will definitely post out to everyone ahead of time. Shouldn't be too long but I can't give you a specific ETA on it just yet....still in development.

Yes it is very nive information at

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Hi,I gave you an upvote on your post! Please give me a follow and I will give you a follow in return and possible future votes!

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We don't do ICO's, we are going more for the transparent old format of cryptocurrency. We are actually already established and our dev team last year completely airdropped our original pre-mine to the community. We figure go with governance and raise budgets on the organic approach format. So no plans at all for an ICO on the horizon. But you can already find us on Cryptopia, Cryptobridge, and Coinexchange.io if your interested in our project @jannatehimachal

Please Follow Me @haroon140

I gave you an upvote on your post! Please give me a follow and I will give you a follow in return and possible future votes!

Good infomation....can take risk to invest this coin???

I like this post...

i have a new account...please vote my lost

All in Red! 🍀🍀🍀