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Author Topic: [ANN] [IMO] REcoin  (Read 18760 times)
Chlen88
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September 01, 2017, 07:33:27 PM
 #561

I like that the minimum number of coins for purchase is not limited. Almost not limited  Wink  : The minimum unit is 10^-4, or 0,0001 REC
Yes, it's very cool for buyers
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Chlen88
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September 01, 2017, 07:35:36 PM
 #562

I'm just waiting for you to hire a manager to manage your project in this promotional campaign, because I'm sure if you do not do promotion on your project, maybe your project will never be known to many people, and will never be successful in the future without the program Bounty campaign. Cheesy
Why do you think so?
Chlen88
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September 01, 2017, 07:36:48 PM
 #563

I've already signed for a special bounty company and I actually feel myself satisfied, nice to know I'm in it! Let's hope I'm gonna get lucky and take those sweety REcoins which will garantee my future as an independent businessman!
▌▌  REcoin Bounty  ▐▐
REcoin Social Media Bounty Campaign  
I can only wish good luck in new ventures. And the bounty program is simply the top.
101REcoin
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September 01, 2017, 08:02:31 PM
 #564

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?

The absolute majority of tokens are not guaranteed by anything,
 their price is totally fictive. In a best case, it's based on the difference between the demand and supply on exchanges.
In our case, the main idea of REcoin token is providing a  backup in form of real estate objects, the total cost of which is a fund, that guarantees the liquidity of tokens.
About how the choices of Real Estate objects are made: I think that this point is already described good enough in our Whitepaper. If to be brief, we are planning to include a voting system for choosing one or another object from the pool. It will be a completely transparent process.

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nmrcngrb
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September 01, 2017, 08:49:03 PM
 #565

Thanks devs for concrete answers that we were waiting for some time.
I understand that some answers needs to be consolidated with more people, but it is better to tell that you will answer in next days then to just keep us waiting, because it looks like ignoring.

nmrcngrb
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September 01, 2017, 08:56:23 PM
 #566

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.

Sorry for the long reply*
To begin with, we'll have to do a calculation of whether the total mass of tokens is critical enough for the refund. If yes, then we will do calculations of how much it will affect the market price, and in case that the change is significant enough, we will negotiate with that investor. That negotiation will consider the interests of all sides, but first and foremost, the REcoin community.  There are numerous probable results that will lead to the eventual solving of this situation: from gradual step by step refund to the givage of the part of rights. And one could not predict an outcome with a 100% certainty, there are just too many factors that should be taken into consideration.
I hope I answered your question, but let me remind you once again that this situation has a drastically low chance of occurrence.

I understand that it has drastically low chance of occurrence since you assure 80% of market price. That means that if I sell coins on market I will always get 20% more. Correct me if I'm wrong.
But anyway if it comes to claiming the backing real estate, what happens to the coins? Are they dumped at the market or it depends on market situation or is there some other solution?

101REcoin
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September 02, 2017, 06:23:35 AM
 #567

What's the difference between your project and REAL?
Can I get a link on that REAL thing of yours?  (Google doesn't help)
I usualy don't post links to other projects in announcement threads, but if you insist:
https://www.real.markets/

Well, we can't give you a detailed explanation, since we are not cooperating, and are not able to tell you all the differences since we do not know how REAL exactly works. Moreover, any information we give may be considered a marketing move, especially given it's posted in ANN thread. But, if you're up for it, try comparing our white papers and those of Real, and then enlighten us all. We'll also be grateful if you do a comparison of our projects with a view from a 3rd side, including all + and -. And then we may continue our talk.

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101REcoin
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September 02, 2017, 06:25:03 AM
 #568

Thanks devs for concrete answers that we were waiting for some time.
I understand that some answers needs to be consolidated with more people, but it is better to tell that you will answer in next days then to just keep us waiting, because it looks like ignoring.


Objection noted. We'll do.

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wasif11
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September 02, 2017, 03:34:36 PM
 #569

I'm not a fan of REcoin but to call real estate a 'volatile commodity' shows you really don't know anything about real estate...
it's actually one of the most stable investments that exists in the world,
far more stable than any currency, fiat or digital.
101REcoin
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September 03, 2017, 08:48:57 AM
 #570

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.

Sorry for the long reply*
To begin with, we'll have to do a calculation of whether the total mass of tokens is critical enough for the refund. If yes, then we will do calculations of how much it will affect the market price, and in case that the change is significant enough, we will negotiate with that investor. That negotiation will consider the interests of all sides, but first and foremost, the REcoin community.  There are numerous probable results that will lead to the eventual solving of this situation: from gradual step by step refund to the givage of the part of rights. And one could not predict an outcome with a 100% certainty, there are just too many factors that should be taken into consideration.
I hope I answered your question, but let me remind you once again that this situation has a drastically low chance of occurrence.

I understand that it has drastically low chance of occurrence since you assure 80% of market price. That means that if I sell coins on market I will always get 20% more. Correct me if I'm wrong.
But anyway if it comes to claiming the backing real estate, what happens to the coins? Are they dumped at the market or it depends on market situation or is there some other solution?

As for the first part, you are absolutely right, the realization of coins on market is more profitable, you are correct.
And as for the second, if the Real Estate pool becomes smaller, it might affect the price of tokens, but only if the token holders will bet on shorting (play on the slide).

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nmrcngrb
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September 03, 2017, 09:19:57 PM
 #571

Hi fans and devs.
Since i have noticed lately quite a few real estate projects I have decided to prepare a discussion about the comparison of different projects on this field.
Feel free to participate in discussion, since you know best all details about your project.
https://bitcointalk.org/index.php?topic=2146910.msg21480585#msg21480585
Thank you         

B. Hodler
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September 03, 2017, 09:56:35 PM
 #572

Hi fans and devs.
Since i have noticed lately quite a few real estate projects I have decided to prepare a discussion about the comparison of different projects on this field.
Feel free to participate in discussion, since you know best all details about your project.
https://bitcointalk.org/index.php?topic=2146910.msg21480585#msg21480585
Thank you         

It says above that recoin is the first real estate crypto. looks like there is about 20 or so
And the REAL coin thread actually contains meaningful discussion, not incomprehensible gibberish!
zbutterfly
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September 04, 2017, 11:56:38 AM
 #573

where the link of tracker stake?

▬▬▬▬▬▬▬▬     ██ ██ ██         Rexpax  ▬▬▬  World`s First Home Online         ██ ██ ██     ▬▬▬▬▬▬▬▬
▬▬▬▬▬▬▬      █     TOKEN PRESALE December 5th 2017    █      ▬▬▬▬▬▬▬▬
  ●  Whitepaper  ●  ANN Thread  ●  Twitter  ●  Facebook  ●  Telegram  ●  Medium  ● 
CryptoPR
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September 05, 2017, 09:49:58 AM
 #574

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?

maybe they don't want to see that information, who knows
Not sure whether you are serious about that, cuz all of this ppl are scam artsits who got payed for writing all the negative reviews about REcoin.
▌▌  REcoin Bounty  ▐▐
REcoin Social Media Bounty Campaign
Paid by who?   Huh  We do it for the love to see scam ICOs fails and prevent as many others from falling into your trap as possible.
CryptoPR
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September 05, 2017, 09:55:16 AM
 #575

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
I think that the recoin and bitcoin will not compete. Each of these coins will exist and be used separately
Even tough they have different uses, they are still aimed at a similar group of people, who have free funds to invest.
REcoin aims on small time investors, so they can get as big client base for the beginning as it is possible.
▌▌  REcoin Bounty  ▐▐
REcoin Social Media Bounty Campaign
Yes, this aspect is also important. You're right.

probably, the recoin and bitcoin can be competitors as an investment tool. I meant that they will not compete as a coin, money


The tokens minted during the mining process will be distributed between the miners closing the block (15%)
and 101REcoin Trust (83%), while 2% will go to charity.
You are conveniently forgetting the transaction fees where a percentage conveniently goes to Maksim and the scam artists. Also the fact that this 2% charity is a paper org created by Maksim himself. A fake tax evading company
CryptoPR
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September 05, 2017, 10:05:59 AM
 #576

Hi fans and devs.
Since i have noticed lately quite a few real estate projects I have decided to prepare a discussion about the comparison of different projects on this field.
Feel free to participate in discussion, since you know best all details about your project.
https://bitcointalk.org/index.php?topic=2146910.msg21480585#msg21480585
Thank you         

It says above that recoin is the first real estate crypto. looks like there is about 20 or so
And the REAL coin thread actually contains meaningful discussion, not incomprehensible gibberish!
^^^^ Funny them claiming not knowing what it is or that it can't be found in google when it is on the top results. If it were true then it shows just how disconnected these people are from the actual crypto world.
B. Hodler
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September 05, 2017, 06:09:28 PM
 #577

With the news that ICO's are now illegal in China, and the SEC showing an interest in American ICO's, how does RECoin feel about these new developments?

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September 05, 2017, 06:24:49 PM
 #578

With the news that ICO's are now illegal in China, and the SEC showing an interest in American ICO's, how does RECoin feel about these new developments?

They will claim again their coin is not a security because somewhere in their paper it says "REcoin is not a security" and think that is enough as they did some posts back up. I am just happy that Maksim and team are mostly in the US and will get their SEC call soon just like other ICOs had. Just wait until they realize they can't even confirm how much $ these people have raised.  Shocked
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September 06, 2017, 03:59:51 AM
 #579

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.....

First of all, one should understand that REcoin project, as an idea, was born several years ago.
The serious work over the concept started more than a year ago. The concept was developed in full compliance with laws of USA and four other countries, which where chosen as the basis for purchasing and functioning of REcoin's fund. Thus it gives the project some flexibility and even the ability to adapt for the changes in law that are yet to come. A lot of time and resources were spent on consultations with lawyers and financial specialists, but in June-August significant changes had ocurred in a law field of USA and other countries. So, there are some points we would like to furhter enlighten.
1. SEC has given more than concrete explanations about ICO and those tokens, that go under the term securities.
The Howey Test is the main point here. It should be passed by all the coins, that are issued under ICOs or other projects.
2. The REcoin tockens are not "securities". We have drawn our concept absolutely clear on that in technickal and marketing whitepapers. We do not GUARANTEE, and do not PROMICE, the direct deductions to the token holders.
3. As for the exchanges, now is quite a difficult moment not only for the REcoin, but for other projects and coins as well. You can ony observe what's happening with a big exchanges, i hope you get this line... But we hope that when  the REcoin token will be completely formed, (from the technica point of view) and will be placed on a big exchanges, the situation will be more clear.

Thanks for the response....

1. Your idea that was conceived years ago has no bearing on the current regulations and environment.
2. I am puzzled how could that token be in full compliance with laws of USA for a simple reason, your tokens are 100% backed by the properties which in invest in, i.e. each token is a slice of your portfolio which infer securities or securitization of your portfolio.
3. Does the token pass howey test in your view? in all shape of form, your token is a representation of the portfolio as you mentioned in your whitepaper? maybe you have updated it?
nmrcngrb
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September 06, 2017, 07:57:02 AM
 #580

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.....

First of all, one should understand that REcoin project, as an idea, was born several years ago.
The serious work over the concept started more than a year ago. The concept was developed in full compliance with laws of USA and four other countries, which where chosen as the basis for purchasing and functioning of REcoin's fund. Thus it gives the project some flexibility and even the ability to adapt for the changes in law that are yet to come. A lot of time and resources were spent on consultations with lawyers and financial specialists, but in June-August significant changes had ocurred in a law field of USA and other countries. So, there are some points we would like to furhter enlighten.
1. SEC has given more than concrete explanations about ICO and those tokens, that go under the term securities.
The Howey Test is the main point here. It should be passed by all the coins, that are issued under ICOs or other projects.
2. The REcoin tockens are not "securities". We have drawn our concept absolutely clear on that in technickal and marketing whitepapers. We do not GUARANTEE, and do not PROMICE, the direct deductions to the token holders.
3. As for the exchanges, now is quite a difficult moment not only for the REcoin, but for other projects and coins as well. You can ony observe what's happening with a big exchanges, i hope you get this line... But we hope that when  the REcoin token will be completely formed, (from the technica point of view) and will be placed on a big exchanges, the situation will be more clear.

Thanks for the response....

1. Your idea that was conceived years ago has no bearing on the current regulations and environment.
2. I am puzzled how could that token be in full compliance with laws of USA for a simple reason, your tokens are 100% backed by the properties which in invest in, i.e. each token is a slice of your portfolio which infer securities or securitization of your portfolio.
3. Does the token pass howey test in your view? in all shape of form, your token is a representation of the portfolio as you mentioned in your whitepaper? maybe you have updated it?


As far as I understand each token is 80% backed by properties. I still don't understand how to achieve this in case of fast market rise. Where the money for buying new properties come from?
I understand that money from ICO can go to buy properties. But struggling to understand this backing when coin is traded on market.

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