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Author Topic: [ANN] [IMO] REcoin  (Read 18760 times)
casey.anthony195
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August 31, 2017, 06:55:39 AM
 #521

What's the difference between your project and REAL?
Well, first you should tell us what REAL is. The only thing that comes to my mind is Real Madrid football club)
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August 31, 2017, 08:04:44 AM
 #522

What's the difference between your project and REAL?
Well, first you should tell us what REAL is. The only thing that comes to my mind is Real Madrid football club)

REAL is by my opinion a similar project. I don't want to spam here with other project links, but devs should give us pros and cons against it

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August 31, 2017, 08:07:52 AM
 #523

I have read this through from page 20 to the end and have noticed that quite a few questions about the project are not answered.
I wonder why devs don't give the effort to answer them?
To make it easier for them I have sum them here:

I really like coins with real assets for backing.

What I don't understand is how can you guarantee a liquidity ratio of 70% of the currency's market value?
The value of the currency on the market can explode anytime and goes up 50% in a day or more. In a one day time you will not be able to purchase new real estates to back up the market value of the coin. Especially since you did not get new money if currency only changes hands on exchange and rises price.
Can you please explain this since I'm probably not getting it correctly?
Thanks

BTW: links for White Paper and Technical White Paper does not work in the announcement post

Thank you for the really important and urgent question.

First of all, the links are fixed. The site was recently changed and we didn't notice. Sorry for troubles and thank you for information.

Back to your question: from the purely mathematical point of view the things are pretty much like you described, but let's modulate the situation first. The guarantee should only be considered as the "safety parachute", in case the price of tokens drops drastically, or disadvantageous pricing continues for too long. But there are more things that we should take into consideration before making any prognoses.
  • 1. The total token volume value and real estate pool value
  • 2. The connection in price between tokens and real estate works only for tokens, not otherwise, so, in any case, the price of real estate will not be affected
  • 3. It comes from the previous one. Iven if the token market drops drastically, the real estate market won't be affected, which will allow us to have funds needed to cover the required volumes.
  • 4. The last, and probably main argument: to bring you scheme into the reality you will require coordinated actions of holders of critical mass of REcoin tokens, which is very unlikely (almost impossible)
Hope it was helpful, we're waiting for your reply.
Thank you for detailed explanation.
It is clear that it needs a coordinated actions of holders or maybe one investor with sufficient ammout of tokens. What would be done in such a scenario when let's say an investor with sufficient number of tokens wants to claim this? Would you sell the real estate and give him the fiat or can he take the ownership of the real estate? How will you transparently value real estates?

I really like the projects that have some real value behind, but before investing I always have to have a clear picture of the complete story, although I know my questions are not so important at this point in time, since there is a low probability of situations like that. But having a clear picture of this procedures makes coins backed with real assets so special.



hi all,
i have seen this ico launch on another forum and i asked a few question which i don't think its clearly addressed.

REcoin is supposedly 100% backed by real-estate less of cost, etc. and they are 100% compliance with US laws and regulation which i found it puzzling.

By virtual of backing the coin with real estate constitute this coin as a securities (howey test) and as such this coin would be regulated by SEC and offering to US citizen and some other countries such as Singapore would strictly be disallowed.

Exchanges that are registered in US would be extremely hesitant to onboard the altcoins for trading becoz exchanges need to be regulated to facilitate trading of securities which is coin is obviously positioned to be.

I am very surprised with their "result" thus far, $1,000,000 collected? that's amazing for them!!

Maybe the team could clarify further how they would like to address the regulatory side of the business? I like the idea but not the implementation and hopefully we get some clarity.....


Interesting idea, but I'm skeptical. How are you going to actually guarantee there's a real world link between the tokens and the real estate? Who determines what real estate to purchase? What's done with the real estate to provide value to token holders?


REcoin is a new cryptocurrency alternative designed to accommodate a wide range of financial transactions and investment goals. Its security is ensured through the use of one of the soundest and most reliable currency backings there is real estate.
I've heard that Recoin is backed up not only by American real estate. Is it true? Maybe there is some list of cities/objects? 
Real estate backs REcoin in countries with a developed and stable economies such as the United States, Canada, the U.K., Japan and Switzerland.

could someone from REcoin explain how you are working around SEC rules? how they stand up against Howey test?


What's the difference between your project and REAL?

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August 31, 2017, 11:14:05 AM
 #524

1 000 000 $ was achieved ?? wow, so fast. Honestly, I did not think that success would come so fast.
so , it's uncommon, but it is absolutely true
One million is not tht much, considering that they had discounts for the coins at start.
Precisely! This number is just for the beginning, you should consider the growth of REcoin's popular as future market's volatility #1 cause.
▌▌  REcoin Bounty  ▐▐
REcoin Social Media Bounty Campaign
Great! I'll be waiting for future results.
Thank God we were not mistaken with the choice! Our hopes were justified !!

▌▌  REcoin Bounty  ▐▐
REcoin Social Media Bounty Campaign
101REcoin
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August 31, 2017, 11:22:34 AM
 #525

Hi guys! I have invested in Recoin (referral program)
Can someone tell me if they do it too and how much profit did you earn?
Recoin had just started. It's too early to calculate the profit
Not too early to realise it is gonna be #1 RE cryptocurrency tho, I guess it passes to main BTC partner.
▌▌  REcoin Bounty  ▐▐
REcoin Social Media Bounty Campaign
"REcoin Bounty"? What does it mean?
Please follow the link below for more information

▌▌ 101 DRC ▐▐
alexberezov
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August 31, 2017, 01:37:23 PM
 #526

Sir, Is the Relevant Rules the bounty of the campaign on the first page of this thread? Where is the codes for the signatures?

B. Hodler
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August 31, 2017, 02:09:18 PM
 #527

I have read this through from page 20 to the end and have noticed that quite a few questions about the project are not answered.
I wonder why devs don't give the effort to answer them?

That would require providing details that don't exist, as this project seems to be all general talk, but without any specifics as to how the mechanics of this "coin" will work

They just answer the easy ones like:


"REcoin Bounty"? What does it mean?
Please follow the link below for more information
nightmip
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August 31, 2017, 06:45:42 PM
 #528

I have read this through from page 20 to the end and have noticed that quite a few questions about the project are not answered.
I wonder why devs don't give the effort to answer them?

That would require providing details that don't exist, as this project seems to be all general talk, but without any specifics as to how the mechanics of this "coin" will work

They just answer the easy ones like:


"REcoin Bounty"? What does it mean?
Please follow the link below for more information
Well, it's logical ... Isn't it? You tell a person where he can read what interests him, without distorting information with your opinion
101REcoin
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August 31, 2017, 06:47:33 PM
 #529

I have read this through from page 20 to the end and have noticed that quite a few questions about the project are not answered.
I wonder why devs don't give the effort to answer them?

That would require providing details that don't exist, as this project seems to be all general talk, but without any specifics as to how the mechanics of this "coin" will work

They just answer the easy ones like:


"REcoin Bounty"? What does it mean?
Please follow the link below for more information

Sry, the mods are not robots and still can miss out quite a lot) I'm coming with an answer right now. It's kinda hard to write in a way everyone would understand. Moreover, REcoin is not a completed project and is still in development, thus some questions may not have a detailed answer just yet.

▌▌ 101 DRC ▐▐
101REcoin
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August 31, 2017, 06:49:53 PM
 #530

I have read this through from page 20 to the end and have noticed that quite a few questions about the project are not answered.
I wonder why devs don't give the effort to answer them?

That would require providing details that don't exist, as this project seems to be all general talk, but without any specifics as to how the mechanics of this "coin" will work

They just answer the easy ones like:


"REcoin Bounty"? What does it mean?
Please follow the link below for more information
Well, it's logical ... Isn't it? You tell a person where he can read what interests him, without distorting information with your opinion

++, exactly, it's kinda boring to answer the same question over and over on multiple forums. Sometimes redirecting is the best way around.

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101REcoin
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August 31, 2017, 06:55:55 PM
 #531

What's the difference between your project and REAL?
Can I get a link on that REAL thing of yours?  (Google doesn't help)

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nightmip
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August 31, 2017, 07:09:22 PM
 #532

Charitability and social consciousness are the REcoin’s most important traits. Up to 70% of the profit from REcoin is dedicated to a range of different charities and is written into the program code to ensure that the token always distributes a portion of its earnings to the most important charities in the world.
It's pleasant and important information for me. What do you think about it?

I think most people are primarily interested in personal profit, not charity

Well, some of them can soothe their conscience knowing that some money goes to charity.
wasif11
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August 31, 2017, 07:32:35 PM
 #533

Real Estate is Changing  for the better now I think Crypto Like Recoin and real will help to diversify this market into the future. 
It explains it right on the site.
But it will be like other crypto.
Trade for btc and probably ether.
ToryTompson
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August 31, 2017, 07:40:04 PM
 #534

Hi guys! I have invested in Recoin (referral program)
Can someone tell me if they do it too and how much profit did you earn?
Recoin had just started. It's too early to calculate the profit
Not too early to realise it is gonna be #1 RE cryptocurrency tho, I guess it passes to main BTC partner.
▌▌  REcoin Bounty  ▐▐
REcoin Social Media Bounty Campaign
"REcoin Bounty"? What does it mean?
Please follow the link below for more information

Can you tell me about advantages of this Bounty Campaign? I'm thinking of taking a part
ToryTompson
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August 31, 2017, 07:54:45 PM
 #535

Real Estate is Changing  for the better now I think Crypto Like Recoin and real will help to diversify this market into the future. 
It explains it right on the site.
But it will be like other crypto.
Trade for btc and probably ether.

Oh, I have heard about this, but why some people are writing "it is scam"??
They don't have enough information?
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August 31, 2017, 08:21:36 PM
 #536

Charitability and social consciousness are the REcoin’s most important traits. Up to 70% of the profit from REcoin is dedicated to a range of different charities and is written into the program code to ensure that the token always distributes a portion of its earnings to the most important charities in the world.
It's pleasant and important information for me. What do you think about it?

I think most people are primarily interested in personal profit, not charity


I think that charity is an investment in your future profit
CryptoPR
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Scam ICO hater


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August 31, 2017, 08:23:55 PM
 #537

++, exactly, it's kinda boring to answer the same question over and over on multiple forums. Sometimes redirecting is the best way around.

But I don't see you getting bored from posting the same fake chatter with all your fake accounts. I am certainly not bored of pointing out what a scam you guys are running.

Can we nominate REcoin for the ICO fail of the year at the Crypto Awards?  Grin

If anybody gave a dollar to these people, once you realize they won't be able to afford a single property, please be sure to file your complains with the SEC against Maksim and crew. They are definitely listening in and willing to bring forward the most juicy cases:
https://www.forbes.com/sites/ktorpey/2017/08/31/former-sec-attorney-explains-which-ethereum-icos-will-be-targeted-with-regulatory-action

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August 31, 2017, 08:26:18 PM
 #538

I have read this through from page 20 to the end and have noticed that quite a few questions about the project are not answered.
I wonder why devs don't give the effort to answer them?
To make it easier for them I have sum them here:

You didn't go back far enough. Skim from pages 5/6 forward. You will find more about why this 'company' barely answers the real questions
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August 31, 2017, 08:37:37 PM
 #539

What's the difference between your project and REAL?
Well, first you should tell us what REAL is. The only thing that comes to my mind is Real Madrid football club)

maybe he think that REcoin isn't real cryptocurrency
mihohil
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August 31, 2017, 08:38:42 PM
 #540

I have read this through from page 20 to the end and have noticed that quite a few questions about the project are not answered.
I wonder why devs don't give the effort to answer them?
To make it easier for them I have sum them here:

You didn't go back far enough. Skim from pages 5/6 forward. You will find more about why this 'company' barely answers the real questions

yeah, official acc of recoin gave answer on all questions that was asked
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