RNS / Renos


June 2nd, 2017 – Version 2


Definition from https://renoscoin.com Web Site

RENOS is a community of like-minded people creating a new currency for our future. At it’s core, RENOS is democratically run, where you, the stakeholders, have a voice. Our vision, is a future where we are not governed, but one which we control our own interests and strive to provide social and economic benefits to each other and our world.

A lot of coins who have adopted a POS reward system pay a basic rate of interest to its holders.  They keep their wallet open, and earn a few coins here and there. Nothing wrong with that at all. But what if there could be more to it all?

What Renos is looking to do is to reward community members who not only stake, but run a masternode.  A Renos masternode is about more than just short-term rewards, it provides you a place in the community where you are not just another member you will have voting rights to determine the future of the coin.  Your node also serves as another point of contact for our network. So now you are not just only an immutable voice in the community, you are part of what strengthens the projects network. We will be looking in the future to find more ways to incentivize our masternode program and created new innovation that sparks community contributions at all levels.

Community Enthusiasm – 3 out of 5

  • The Slack channel has 250 members, up over 100 since I initially reviewed 6 weeks ago.
  • The Bitcointalk thread is Regularly active with investors, and developers have started contributing actively there as well.
  • There is also a Telegram chat room.

Active Development – 3 out of 5

  • The devs are working in the background.
  • The devs are making progress.
  • There is a new Website and Roadmap.

Exchanges – 2 out of 5

Price – https://coinmarketcap.com/currencies/renos/

  • This coin spent a long time between 100 and 150 sats.
  • In June RNS shot up to as high as 1600 sats.

Wallets – https://renoscoin.com/download-2/

  • Windows wallet
  • Github


June 2nd, 2017 Summary

I actually looked into Renos in March and decided not to review it because the Website was very incomplete and the Roadmap was out of date. Both of those have been updated now so it is time to look into it again.

Renos has been planning to update with Masternodes for a while now. The details for this have not been released yet and there is no mention of it on the new Roadmap. The Masternode update will require a coin swap, so if you own RNS you will need to exchange the old token for the new one here soon. The website, while improved, still needs some touching up, but it looks much better.

The first 1,000 people to download the wallet each received a 30,000 coin airdrop when it was created. This is probably why so many people already know about RNS coins. I have had multiple people suggest it for review, and there are conversations going on regularly about it in multiple Slack channels I watch.

I could not find a list of Exchanges RNS is available on. The links are not on the Bitcointalk thread or anywhere on the website. I searched and found two exchanges linked above, but this information needs to be added where people can find it easily.

My recommendation…

Renos still has a lot of work to do to meet their objectives, and admits as much in their Roadmap. When I initially reviewed Renos there was no activity from the developers, but on BitCoinTalk and Slack there is active developer input now so I thought an update was important.

I think people are starting to take Renos seriously now that it appears more professional and has provided an outline of its goals. The word Masternode has also gotten everyone’s attention. RNS dropped for a few weeks, but is now reaching new highs.

I am very cautious about buying anything at the moment because of the rise in the price of Bitcoin. Due to the Airdrop, many people may just start selling their free coins at a discount when the price starts to slip a bit, causing larger dips than you would normally see. If you can take advantage of one of these discounts you might find quite a deal.