The REC is coming to reach 60$ but no one can withdraw to sell. Only the dev can sell and it makes them billionaire.
Why it is locked? Any official announcement about the locking?
Basically owners are making tons of money and I mean millions by selling it on exchanges while ICO owners can't do shit with it...
Personally I think that this is one of the biggest frauds I saw in crypto so far.... maybe they will unlock it after they sell enough and then price would drop like crazy , but I can't even imagine how much money they are making now.