Hello all,
I believe I have found a hidden gem - Relex (RLX). It has a current marketcap of around $5mil (fluctuates due to eth price).
The world's first real estate development cryptocurrency. It aims to connect ordinary investors with developers and development companies via the blockchain and the Relex token. The project is already SEC approved because it is a utility token, not a security. There was no ICO. Relex currently has some pretty big partners such as Woodfine and Cocobay Danang.
Here is the website which will explain it better
https://relex.io/The team have just come back from the Yalta conference in Ukraine, successfully garnering interest from some influential Russians, another country Relex aim to get a foothold in.
But yeah, thought I'd share this project. Low marketcap with huge potential - they are involved in $2billion worth of assets.
The telegram group is new and small, but very active, so if you have any questions be sure to pop in.
https://t.me/relex_coreGood luck, and remember to DYOR. RLX is currently on Forkdelta, IDEX & Stocks.Exchange
Just some more information from reddit post, written by someone else
Relex (RLX) is an ERC-20 token used for international Real Estate development. Holders can use the token to invest in real estate, which will generate its own revenue. The blockchain offers a unique entry point for new investors seeking to join real estate investment.
Total Supply: 2,000,000,000 Current Price: Somewhere between 1 and 2 cents, or .00002-.00003 gwei. Where to buy: RLX is available on IDEX, EtherDelta, ForkDelta, and Stocks.Exchange. It will also launch with the new Nebula Exchange on Monday.
Who are their partners? Relex is partnered with Woodfine Capital, a major real estate development company worth billions. Woodfine Capital is offering Relex users a special opportunity to purchase shares in its pre-IPO by using RLX tokens. Relex also is partnered with Cocobay Danang, a tropical resort being built in Vietnam.
Both partnerships have been independently verified as legitimate by the community.
What’s this about SEC and FINRA approval? Relex is on the verge of becoming the only company to receive SEC approval at this time. Approval was granted through Relex’s parent company, Squawk Advisors. This was independently verified through copies of the documentation provided by the team. Additionally, Relex will be classified as a utility token rather than a security, so traders do not need to worry about those ramifications.
What’s this about an airdrop? I may have misspoke before when I said Relex was a Real Estate investment platform. It certainly is, but it’s also more than that -- think of it as a venture capital platform. In May, Relex is launch a healthcare investment platform, partnering with Aura Inhalable Pharmaceuticals. This is the company that created inhalable Viagra. They are seeking investments to fund additional research and to license out distribution rights in certain areas. All Relex holders (wallet not exchange) will receive a 1:1 airdrop of this new investment token. In other words, if you hold RLX you’ll get an equal amount of RLX Health for free.
The team has also announced that they are expanding into Russia. They were one of two companies personally invited to the prestigious Yalta International Economic Forum. The team is currently in Moscow creating new partnerships.
Will it keep growing? In short, yes. There simply aren’t enough sellers to keep up with the demand. The holders of the coin believe in its growth and are waiting for the airdrop and other future news. For instance, CoinTelegraph holds 85,000,000 tokens because of their belief in the project. The team projects a valuation of 200m MC by the end of Q3, a 20x from where it is now. With additional investment/partnership opportunities, the team expects its portfolio to exceed 2 billion by next year. As institutional investors jump onto the platform, the price per coin is poised to skyrocket.
As the volume has multiplied rapidly, the coin is poised to be added to CMC in a few days. Considering that, the new exchange, the new partnerships, and the upcoming 1:1 airdrop, this low MC coin will not have this low entry point for long.
A new website platform (Relex 3.0) and logo redesign are currently in the works.
