Short Term Goals (Q3 2017 - Q4 2017)

Website Relaunch

Currently, www.renoscoin.com is in a rough template of the original announcement page.  We have been working hard the past few weeks to put up a much more professional looking website which provides a more comprehensive collection of resources and information regarding the project.

Mac Wallet

We have prioritized a Mac Wallet and plan to have one available around the end of Q3 2017.  

Team Expansion

With the growth of our community, we have had to scale our team size to match.  We have expanded our team now to 6 members from the original 2 in just the past month and a half.  We have added a web developer, a community manager and 2 new great additions to our development team.

Unswapped Tokens

We are now several months past our Renos token swap.  We are currently sitting with an outstanding balance of:  x,xxx,xxx   un-swapped Renos.  We will be routinely burning the first 1,000,000 RNS over the coming weeks.  We ask the community to decide as to what to do with the remaining outstanding Renos.  If they would like them burnt or added to development fund

RenoBlog

We will be running bi-weekly updates from our Blog section of our new website.  This blog is to provide more detailed/centralized updates on the project.  Once in place we will use this Blog to not only provide weekly updates but field questions and concerns from the community.  "Questions of the Month" will be a spotlight feature where we will take a few of the best questions asked to us via slack and twitter and provide more indepth answers to things for the community to see.

Mid-Term Goals (Q1 2018 - Q2-2018)

Public Escrow

One of our biggest aims is to act in an open and transparent manner while allowing the community to have as much of a say in the direction of the coin as possible. Something we have been collaborating about is a Public Escrow. There will be a platform which provides relevant statistics, information, and history about the Renos Development fund. Proposals will be submitted in which the community can vote on whether to approve the development.

Expansion of the Renos Team

Aside from myself and core team of 3 others, we currently depend on outsourcing for a lot of our ideas and development. Long term, this will prove to be expensive and potentially even unsustainable. Due to our launching method, we don’t have the reserves and funds that an ICO created coin would typically go public Escrow

One of our biggest aims is to act in an open and transparent manner while allowing the community to have as much of a say in the direction of the coin as possible. Something we have been collaborating about is a Public Escrow. There will be a platform which provides relevant statistics, information, and history about the Renos Development fund. Proposals will be submitted in which the community can vote on whether to approve the development.

We need code developers who share the same philosophy as Renos and are passionate about creating meaningful technology and driving cryptocurrency as a whole into the mainstream. Our development fund allows us to make sure that those who contribute are not out of pocket but we can’t spend frivolously and depend on a touch of generosity and community support.

Continuing push for Services

We don’t expect results overnight on our quest to get Renos accepted in as many places as possible so we will be continuing to work hard to communicate with potential partners to reach agreements which benefit everyone. We are confident that we can get Renos accepted by at least 10 merchants in the first 3 months as a payment method.

Prediction Market

This would be a further advancement upon our Renosbot. It acts similar to the Augur project however it will be designed for the Telegram platform. The tool would give people the ability to wager Renos on an outcome of a question with the losing sides funds being distributed between those who wagered on the correct result. The tool would give people the ability to wager on weekly events such as sports events for example.

Further expanding the crowdfunding tool

Once we have our public escrow set up, we will be exploring the possibility of integrating it with our crowdfunding tool. This means the funds would go straight into escrow terms and provide security to those who took part. We are also looking to provide a “Due Diligence” report for each crowdfunding venture raising funds this way and maybe opening this up to a website which provides a report for all ICO/Crowdfunding if it's a success. We will also be exploring the possibility of adding other currencies to the crowdfunding this way too.

Smart Contract Orientated Chain

One of the main developments we will be pursuing during this time is a move to a Smart Contract orientated chain. Most likely this will be based on the Ethereum codebase, however, we will be exploring other options. It gives us the opportunity to build applications and services on the blockchain rather than building external applications that are designed to accept Renos. This is where we estimate that most of our development resources will go as once it has been created it will provide a number of possibilities for us to generate an income which will make development self-sustainable.

Long Term Goals (6-12 Months)

Roadmap review

The cryptocurrency scene is fast paced with new ideas and developments being revealed every month. We will be reviewing our roadmap at this point to see if the goals we have are still relevant to the industry and beneficial to Renos. We will also be adding new items to this 6-12 month bracket as we and the community see fit.

The Crypto Credit Union

Credit unions, in fiat terms, are quiet competitors to the banking industry which generally provide banking services to a small town or a specific geographical location. The union has no shareholders so any profits generated are split amongst its members. Creating this with a cryptocurrency will be a great way to reward our community for their efforts and support and establish us as the community coin in the cryptocurrency industry.

The way this would work is by allocating tokens to those who deposit Renos into the union. Renos can be withdrawn at any time and loans and other banking services can be provided by the utilization of smart contracts. Secure collateral will be the main challenge in the quest to provide banking services. The main ways would be strict identity verification or by bounding a digital asset or IoT to a smart contract. There will be a more in depth white paper on the credit union nearer the time of development.

Renos Foundation

At the end of the first year, we feel we will have developed enough of a business model to take Reno's official. It will provide us with the opportunity to expand as a brand and with our business relationships. We will be looking to employ a team full time at this point and set up our first office. We also want to increase Renos’ exposure by attending conference and events to build reputation and rapport with other enterprises in the crypto and fin-tech industry.

Beyond (1+ Years)

A lot can change in a year so it's difficult make specific plans as circumstances often change. The community will always remain important as without those using the currency and voicing their opinions on our path, Renos would be nothing. Our vision for Renos is to get involved in as many areas as possible and work to make an advancement, either on our own or with other people and teams. We are all still early adopters of cryptocurrency and I believe we should all be working together the best we can to bring cryptocurrency to the forefront of the world. I got involved in cryptocurrency nearly 4 years ago now and what inspired me was the opportunity it has to change the world for the better. Not only can it act as a currency or an asset but the blockchain technology can provide solutions for transparency in banking, secure medical records or other ways that we haven’t forseen yet.

We want to thank everyone who has made the journey possible so far and for the support the community gave us since day one. It means a lot to see such a positive reception and it only drives us to try and do even better with each hurdle we jump. We are looking forward to completing this roadmap and looking back in a year's time and being able to tick off all the targets.

Kind Regards,

The Renos Team