Quote from: Tourhodler on October 27, 2017, 08:01:58 AM

Quote from: tr1pl3 on October 27, 2017, 07:38:45 AM

Quote from: friendis on October 27, 2017, 04:28:37 AM

Quote from: Ph371 on October 27, 2017, 12:36:10 AM

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.

I dont think Regal team are selling, because if they were to be selling, the price should be going down, since they will be selling tons of it. What I think is that they are the ones buying the coins and the few people who have the coins just keep increasing the price. I dont think people are buying this coins at this high price(i may be wrong), I think regal is just buying out all the coins on the market. Just my own theory.

Yes, if it is sold by the team, the price won't continue up.