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.....