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REcoin is a complete scam. I took some time to research into it a bit and the whole thing is a fake business with any money going to the founder and CEO 'Maksim Zaslavskiy'. RECOIN is supposed to be a real estate crypto with a whole bunch of different impressive sounding websites and various real estate related businesses being funded by it but when you read the white paper and go to the web site you'll soon realize that the whole thing is a paper thin front. First off there are no other 'team members' other than this one guy...Maksim. No partner companies, no other people such as programmers or anyone with a tech, finance or real estate background. Then, if you read the white paper you'll see that there are a variety of 'trusts' and committees and boards that all in effect put Maksim in control of everything. In fact it even says that a percentage of coins mined go directly to Maksim and that he has sole control of the trust as well as his heirs etc. It mentions that the coin will be backed by real estate but there is absolutely no evidence that there is any real estate owned by RECOIN or even that anyone at the company has any experience dealing with real estate. No major real estate partners or financial firms partners, no advisors...the whole thing is completely void of anything tangible. Finally, if you go to some of the ICO message boards around the net you'll see the same group of fake russian sounding broken english accounts trying to hype this RECOIN up....but when anyone asks a legitimate question there's no answer except yet ANOTHER new fake russian or ukrainian speaking account hyping it still more. They are supposedly having their ICO on August 7-8th. Frankly, I think anyone that sends them money will lose it and never hear from them again.
Their website is 101recoin.com but if you read their materials carefully...besides all the totally unprofessional broken english you'll see that there is no company here. The ICO will just shuffle your hard earned bitcoin or ethereu into this guy 'Maksim's' pocket. He'll then probably take a nice long vacation on your hard earned dough. Nowhere on the site, whitepaper, video or anything connected with this guy is there even a hint of any real estate experience. In fact the only 'business' i could find was ANOTHER scam...a fake 'charity' called 'live laugh love' that several message boards and a facebook page say stole money from them. And surprise...RECOIN says a portion of their money will be donated to 'Live Laugh Love'...which is run and owned by...you guessed it...Maksim! What a total scam this is. Someone should call the FBI.
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