Announcing ReeCoin: People’s Coin!

[musicoin]

ReeCoin
ReeCoin is a peer-to-peer decentralized digital currency for ordinary people, easy to use and acquire. ReeCoin summarizes the best characteristics of digital currencies, which were issued earlier (Bitcoin, Peercoin), such as: increased security, fast consensus mechanism, and increased decentralization achieved by requiring miners to prove the knowledge of the transaction data.

Mining
ReeCoin mining involves verifying transactions around the system by encrypting and decrypting transfers, carried out by other users. This process is deliberately made highly complex and time-consuming to reduce ReeCoin inflation. The complexity of each transfer's encryption increases proportionately to the number of people working on the transaction. It requires an extremely high-end computing setup, dedicated to the encryption and decryption process. These requirements have so far been sufficient to keep ReeCoin inflation in check. To control ReeCoin inflation further, the permission of a maximum of 7 Billion ReeCoin’s was implemented into the system. This also steadily reduces ReeCoin’s generation as the total number of ReeCoin’s in circulation increases. Based on the current generation rate, it is estimated that the total number of ReeCoin’s will be created and mined in 2100.

Obtaining ReeCoin’s

There are several ways to acquire ReeCoin’s:
1. by purchasing directly from other users at whatever prices they propose
2. by purchasing from ReeCoin exchanges and ATMs
3. by earning new ReeCoin’s via ReeCoin mining - carrying out tasks from the ReeCoin network
ATMs and Exchanges
ReeCoin exchanges and ATMs provide a considerable range of services and serve multiple purposes:
as depositaries to store ReeCoin’s as a wallet service to enable users to convert their fiat currency into ReeCoin’s
as an advanced trading exchange, in which users can trade between multiple digital currencies and fiat currencies.

Users are required to verify their identity in order to access these exchange services.

    Scrypt algorithm

    block generation time 90sec
    7 Billion total amount of ReeCoin’s
    6.650 million pre-mined
    350 Million PoW/PoS
    Almost instant transactions
    Fast consensus mechanism
    Extreme security
    Low future inflation rate 1% (interest value)
    Efficient data retention
    High transaction confirmation frequency
    Energy efficiency
    P2P
    Hybrid POW/POS simultaneously phases.
    Stake’s minimum age is 12 hours.
    Maturity of blocks takes 350 blocks



Proof-of-Work & Proof-of-Stake Stages
     

    1st year   - 2 coin’s - block
    2nd year  - 4 coin’s - block
    3rd year   - 8 coin’s - block
    4th year - 10 coin’s - block

   


Website: www.ReeCoin.com
Join Our telegram group https://t.me/REECOINOI
Join Our telegram news channel@ReeCoinAirdrop
GitHub: https://github.com/Reecoin/Reecoin-Project
Block Explorer: http://reecoinexplorer.com/
Windows wallet: https://github.com/Reecoin/Windows-Wallet

[venit4u]

Easypool.win will support this coin.

[glyoukcoin]

http://onminer.net/onminer_logo.png

Discord: Request to add a coin to our mining pool.

[israelps]

reserved spanish translation, confirm please

[maomao]

another scam... even website is not working

[KOB.SITE]

rev

[dddudidd]

do not waste your time filling something that is less profitable for yourself even for others, do it and announce something right. surely you will get the good of others when you provide benefits for them all

[annapotpot]

Will setup a pool from https://www.leafpool.com/

[TensorBloom]

The ReeCoin website says:

"Due to the misuse of REECoin over the past few years, an Official REECoin Contribution Team has been formed to responsibly progress this cryptocurrency.
Livecoin.net has been notified of the situation and please look for an official statement from them here.
We appreciate your patience during this transition."

The linked site, https://www.livecoin.net/en/news/list - says:

REECOIN NEWS
Created 18.06.2018 13:44
Dear holders of Reecoin, as you all know, the old team of developers have abandoned this project long ago, and since then it is in a "dead" status for a lengthy period of time (no responses to our letters). Therefore, we decided to start cooperation with a new team, which was committed to relaunch the project.

However, recently another team intervened into the process, claiming that they are another "new" developer, at least this is how they presented themselves at the beginning of our talks. In addition, this team controls the old domain name of REE and the old username at bitcointalk.

As a result, we cannot be certain at all, who we are dealing with. This is illegal and we cannot proceed. Consequently, we won't continue the swap with the new team, as we have announced earlier. At the same time, we won't cooperate wih the second "new" team either.

Dear customers, please, be assured, that all your coins are in safe, and we request you to withdraw your coins from the Exchange. You have to decide yourself, what you should do with your coins (participate in the swap organized by the new team or deal with the second new team). We would not make this decision for you - which team to choose for cooperation, this choice is exclusively yours. If you do not withdraw your Reecoins, there is a possibility, that one of the teams will block the exchange wallets or the blockchain, and your assets will be lost.