[ANN] [IMO] REcoin

[101REcoin]

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.

[wasif11]

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]

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).

[nmrcngrb]

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]

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]

where the link of tracker stake?

[CryptoPR]

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?     We do it for the love to see scam ICOs fails and prevent as many others from falling into your trap as possible.

[CryptoPR]

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]

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]

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?

[CryptoPR]

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. 

[HEROinME]

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]

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.

[101REcoin]

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         

Thank you very much for your interest and time that you have devoted to organize this discussion on a subject of great significance and importance for a lot of us.

[101REcoin]

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?

There is a clear view of what we are trying to achieve and how we are progressing.The influence of the media is profound but we hope it will have no bad impact on our project.

[101REcoin]

IMPORTANT!!! URGENTLY!!!
OFFICIAL STATEMENT FOUNDER AND CEO OF THE RECOIN GROUP MAX ZASLAVSKY

My fellow REcoin investors, real estate professionals and cryptocurrency enthusiasts!

For the last year, we’ve strived to tune the communications channels between the REcoin team and you, our investors and partners, in such a way that would create unbridled levels of openness in information exchanges to help you get genuinely excited about the REcoin project. I’m proud to say that it’s worked out very well so far and I hope we’ll manage to keep the atmosphere of trust that’s been well established within our community clear of any conjectures.

On August 7, REcoin went live raising over $1.5 million in direct REcoin token purchases during the first three days of the presale. The trust in our project became so vast that another $2.3 million in expected earnings were generated as a result of the REcoin pre-sale success.

Unfortunately, at that point the US government did what it does best - interfered. In no uncertain terms, it let us know that we’re not allowed to take steps to maintain the level of liquidity of our real estate holdings to keep your investments safe and secure, and our community truly decentralized and rid of any outside influence.

However, the good news, my fellow REcoin holders and investors, is that we’re not going to let your tremendous faith in our collective project, its strategic goals, and tactical objectives go to waste. We all want to make the world a better, safer, freer place where we don’t have to rely on the quirks of The Man to advance our ideas for the benefit of the entire planet.

With that in mind, I’m proud to announce the creation of the exclusive Diamond Reserve Club with tokenized membership for current REcoin owners. After all, the diamonds are forever, especially stored in secure locations in the United States and fully insured for their full value. This way they are truly not susceptible to any government manipulations.

Diamonds have high aesthetic value and are relatively easy to transport. Diamonds are actually the most concentrated way to store wealth. A high quality diamond with a mass of 2-3 grams can have the same value as 100 kilograms of gold.

Diamonds are quite scarce and natural colored diamonds are the scarcest among diamonds. Out of more than 120 million carats that are mined every year, only less than a quarter of them will be of gem quality. Out of gem quality diamonds, only one in a few hundreds of thousands possesses enough color to be classified as a natural fancy color diamond.

The Diamond Reserve Club members will be able to exchange their tokens for physical diamonds on the Club’s platform in real time and hassle free.

The Club members remain entitled to all the opportunities and benefits they were promised at the time of joining the REcoin community. All the referral programs remain in place (and we’ve lifted the condition of having a real estate broker license to be able to take advantage of them), you’re now going to be able to use smart contracts not only in real estate but in every facet of commerce, in which the Club is going to be engaged. All the bulletproof technological aspects of the token, the hedging, the mining, the sidechain policies, the partner programs and charitable activities - as the “Led Zeppelin” would put it, “The Song Remains The Same”.

Naturally, everyone of our investors is entitled to a full refund, should they wish to claim it. Your funds are safe and secure, and are available for withdrawal at any moment, no questions asked. But we do encourage you to stay with the project and watch your tokens, so to speak, turn into diamonds.

All of your REcoin holdings will be seamlessly converted into Diamond Reserve Coin (DRC) at the rates favorable to you, my fellow REcoin investors! As our early supporters who gave the vote of confidence to a barely feathered startup, saw true value in REcoin and purchased first tokens as soon as the pre-sale started, at the time of conversion of your REcoin into DRC you get our undying gratitude along with 10% bonus in DRC. Just as is REcoin, DRC is powered by blockchain technology, offering a superior alternative to storing value in fiat currencies and we really wish to see you continue to take full advantage of this amazing technology.

As a REcoin holder, you are automatically entitled to the multi-level membership in the Diamond Reserve Club, meaning, the more tokens you own, the greater your access to the membership benefits is going to become.

For instance, a certain amount of tokens will make you eligible for the exclusive right of full access to the Club’s most valuable partnering platform - the 101Lego creative communications holding with all of its know-how available to you on all of the holding’s 18 (eighteen) platforms. You get to draw from the well of wisdom end experience of the 101Lego’s stellar staff of professionals, its extensive client list is at your disposal, its affiliate partners are waiting for your call, and its database is ready for your business.

As you keep climbing the token ladder, you'll get full access to the rest of the DRC ecosystem, unlock all platforms and gain access to exclusive listings. You'll be able to take full advantage of such highly sought-after digital products as smart contracts and pay for them with your newly acquired autonomous digital financial instrument - the Diamond Reserve Coin.

Stated clearly, the goals of the Diamond Reserve Club are:
- to offer unique opportunities and benefits to former REcoin holders, current Diamond Reserve Club Members;
- to indefinitely prolong the lifespan and development of the Diamond Reserve Coin to increase its liquidity, visibility, enhance its credibility worldwide;
- to propagate the DRC as a new blockchain based proprietary instrument for a variety of financial transactions, database, and listings creation;

The Diamond Reserve Club reserves the right to carry out all necessary actions with the aim of creating and developing the DRC image and supporting its reputation by carefully screening each DRC member. Such actions include:
1. Hedging DRC membership tokens by physical diamonds;
2. Creation and development the Diamond Reserve Club’s infrastructure;
3. Organizing of private and club events, conferences, talks, seminars, gatherings for the DRC members;
4. Search for partners and expansion of service packages and offers to the DRC members;
5. Consulting services to the DRC members;
6. Evaluation and admission of affiliate partnerships into the DRC ecosystem;
7. Prequalifying and auditing applications for the creation of DRC sidechains;
8. Development of technological solutions improving the DRC software as well as further enhancement of the blockchain;
9. Development of new templates for smart contracts, databases, listings, and the expansion of their use;
10. Involvement in all charitable, legal, social, and socio-economical aspects of the DRC community life;
11. Promotion and support of the Diamond Reserve Club and enforcing the compliance with Club’ bylaws, Membership Rules, and Regulations;

It is a glorious and exciting time, everybody! I hope we all enjoy it, cease the opportunity it brings us, and remain partners, colleagues and friends for many, many prosperous years to come!

Yours very truly,

Max Zaslavsky

[dimadimaivchenko]

guys talking about recoin is think they made a lot of mistakes in creating such a crypto. The idea seems to be brilliant, but they should have checked everything first.

[Yuliya_Matscykh]

I think the government has many ways to influence. Governments (including the US government) will always strive to limit freedom, so as not to lose control. If a real estate hedge does not meet some government requirements, then it's good that the founders of the recoin could quickly pick up the same reliable asset.

[Yuliya_Matscykh]

guys talking about recoin is think they made a lot of mistakes in creating such a crypto. The idea seems to be brilliant, but they should have checked everything first.

Checking everything is not always possible. It happens that some aspects are detected after the launch.

[helga22richter]

Oh my
Real estate as a base was really good idea. Why you can't just improve it??