Please,note that this step was made to keep our project legal and in full compliance with the latest changes laws of the USA.

If you require any further information concerning the white paper feel free to ask any questions.We will be pleased to provide you with all the answers and discuss any concerns you may have!

We have been negotiating about buying diamonds which will be under security of the Diamond Reserve Club.

The diamonds are forever, especially stored in secure locations in the United States and fully insured for their full value. After all, this way they are truly not susceptible to any government manipulations.

All of your REcoin holdings will be seamlessly converted into Diamond Reserve Coin (DRC) at the rates favorable to you. 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.

Diamond Reserve Club is a closed private tokenized membership club. The information about ownership and transfer of membership tokens is stored on the blockchain, which is a distributed among all members of the Club.

IMO started on Aug 07 2017 ends Oct 09 2017

Discount scheme: • First 10,000,000 DRC – discount of 15%, 1DRC = $0.85. • Next 15,000,000 DRC – discount of 12%, 1DRC = $0.88. • Next 20 000 000 DRC – discount of 9%, 1DRC = $0.91. • Next 25 000 000 DRC – discount of 6%, 1DRC = $0.94. • Next 30 000 000 DRC – discount of 3%, 1DRC = $0.97. • Subsequent sale of tokens will be at the following rate – 1DRC = $1.

ABOUT DIAMOND RESERVE CLUB

The DRC is a Business Club which is founded and self-financed by the humanitarian, philanthropist, and entrepreneur Max Zaslavskiy is the answer to the question of exclusivity in the ever-widening tokenized membership pool. It only took a few years for the world to go mad for crypto and it’s time to refine the offer in such a way that will separate toy-tokens from digital entities that provide DRC members with the real right of access to the most modern, most timely, most useful benefits.
The basis for the Diamond Reserve Club tokenized membership is the ownership of Diamond Reserve Coin (DRC), which is hedged by physical diamonds. The DRC will allow investors to convert their currency and savings into stable inflation-proof digital entity. By acquiring at least 1 DRC you will claim the membership in the exclusive Diamond Reserve Club (DRC) with privileges such as access to the blockchain transactional databases. The more tokens you own, the greater access you will have to the exclusive offerings of our partners.
As you keep climbing the token ladder, you'll get access to the rest of the DRC ecosystem, unlock all platforms and gain access to exclusive listings, and 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. All in complete and utter anonymity.
Stated clearly, the goals of the DRC Business Club are:

• to offer unique opportunities and benefits to 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:

• Hedging DRC membership tokens by physical diamonds;
• Creation and development the Diamond Reserve Club’s infrastructure;
• Organization of private and club events, seminars and gatherings for DRC members;
• Pursuit of partners and service packages to the DRC Members;
• Consulting services to DRC members;
• Evaluation and admission of affiliate partnerships into the DRC ecosystem;
• Prequalification and audit of applications for the creation of DRC sidechains;
• Development of technological solutions improving the DRC software as well as further enhancement of the blockchain;
• Development of new templates for smart contracts;
• Involvement in all charitable, legal, social, and socio-economical aspects of the DRC community life;
• Promotion and support of the Diamond Reserve Club and enforcing compliance with Club’ bylaws, Membership Rules and Regulations;

IMO VS. ICO
Max Zaslavskiy: Diamond Reserve Club is tokenized using a new instrument for inviting public participation - Initial Membership Offering (IMO).
The Initial Membership Offering (IMO) is a brand new instrument of facilitating tokenized membership in a digital community or a club. The IMO as a new instrument for inviting public participation was conceived and tested by philanthropist and entrepreneur Max Zaslavskiy during the creation of the exclusive Diamond Reserve Club with tokenized membership, and the results are more than promising.
Although, IMO appears to be similar to ICO or IPO, the similarities are scarce, if not nonexistent. Here are some of the most important differences between ICO and IMO:

• ICO is an unregulated means by which funds are raised for a new cryptocurrency venture, whereas IMO is an invitation. Essentially, rather than being a crowdfunded venture, Diamond Reserve Club is a service hub created for presenting the DRC (Diamond Reserve Coin) token holders with unique opportunities attainable through tokenized membership.
• ICO is used by startups to bypass the rigorous and regulated capital-raising process required by venture capitalists or banks. During an IMO, however, VCs are invited to join the Diamond Reserve Club on equal rights with everybody else, starting with 1 DRC. Although, since the exclusive Diamond Reserve Club is all about the right of access, the interested VCs and investors may (and are actually encouraged to do so) increase the amount of DRCs they own to move up to a membership level suitable to them.
• In an ICO campaign, a percentage of the cryptocurrency is sold to early backers of the project in exchange for legal tender or other cryptocurrencies. During an IMO tokens are also sold, but the end goals of ICO and IMO are polarly different. ICO is poised at raising enough capital to start a public enterprise, whereas IMO is an invitation to join a multilevel tokenized membership club with its bylaws, membership statute, and dues paid in DRC.
• During an ICO coins (tokens) are similar to shares of a company sold to investors in an Initial Public Offering (IPO) transaction. IMO does not offer shares in a company. Having joined the exclusive Diamond Reserve Club through its IMO, you become part of a community with exclusive access to an astonishing amount of Club benefits. Plus, your right of access to these benefits is insured through ownership of Diamond Reserve Coin hedged by physical diamonds.
• If the money raised during an ICO does not meet the minimum funds required by the firm, the money is returned to the backers and the ICO is deemed to be unsuccessful. - But, during an IMO there’s no minimum capital requirement to deem it successful. Once a single person joins the exclusive Diamond Reserve Club with a purchase of a single DRC, the Club is a success!
• Early investors are usually motivated to participate in ICOs in hopes that the success following the launch will translate to a higher cryptocoin value. With the Diamond Reserve Club’s IMO it’s the other way around: even if a member owns a single DRC token, the benefits of the membership in the Club are so apparent and useful that a member becomes eager to climb the token ladder to broaden the range of opportunities available to him or her, unlock access to more online and offline platforms, get greater discounts and specials, henceforth increasing the value of the DRC token as a whole.
• A stake of the startup or company is sold to raise money for the entity’s operations during an ICO. But the Diamond Reserve Club already exists. During an IMO there’s no need in raising additional capital by selling off stakes and shares - the Club is already in place, it’s working, it’s a live-and-breath mechanism ready to start unlocking benefits for the Club members. The purpose behind the IMO is not fundraising, it’s to let the public know that the invitation to join the Diamond Reserve Club is on the table.
• Because ICOs are not regulated, funds that are lost due to fraudulent initiatives may never be recovered. However, the Diamond Reserve Club membership token - DIamond Reserve Coin - is hedged by physical diamonds, to ownership of which you have all proper documentation securely stored on the Club’s blockchain. Think of the DRC as an unbreakable bridge significantly shortening the distance between you and the vault where you keep your treasure.

The Diamond Reserve Club is tokenized via the IMO through Diamond Reserve Coin, which is a token hedged by physical diamonds insured for their full value and stored in secure locations in the United States (this way they are not susceptible to any government manipulations). The DRC token is powered by blockchain technology, offering club members a superior alternative to storing value in fiat currencies as well as the unprecedented level of tokenized membership benefits.

The whole REcoin conception has been changed and therefore time is required to update our project completely.All of your REcoin holdings will be seamlessly converted into Diamond Reserve Coin (DRC) at the rates favorable to you as real estate is not a part of our business anymore.

We define “ecosystem” as a self-sustaining community of businesses coexisting in conjunction in a tokenized digital environment, interacting as a system. The Diamond Reserve Club’s ecosystem is defined by the network of interactions among members in the tokenized digital environment, therefore it’s unlimited in physical space and zones of influence.

The four levels of the DIamond Reserve Club’s ecosystem are:|

• - Our wholly-owned subsidiary projects, which we’ve nurtured from the cradle all the way to the big time on the Club’s blockchain;
• - Affiliate partners and projects we ourselves are heavily invested in, and invite the rest of the ecosystem to do the same;
• - Businesses and charitable organizations that share our message to the world and are ready to join ranks with us to deliver that message and prosper together;
• - Businesses ready to present the Diamond Reserve Club members with discounted goods and services regardless of the said businesses’ relationship with the Club;

That is correct. As much as we would rather avoid going to such lengths, this step must be taken in order to keep our project legal and in full compliance with the latest changes laws of USA.

The conversion will be performed automatically.

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

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.

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.

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).

Objection noted. We'll do.

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.

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.

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.

Once again, feel absolutely free to ask any questions that come to mind.
Moreover, your questions are really interesting and help the community to get a clearer and more detailed grasp of how it's going to work and better understand our concept. Also, we kindly ask for your patience and understanding. The delays in answers originate from our desire to answer your questions correctly, and some of your questions should be coordinated with a lot of different people.
We are very grateful to you and hope you will understand.
On our side, we understand that real estate market is a very specific one, and in the near future, we are going to make an announcement from a REcoin's founder, which will be mainly about the real estate asset and the REcoin concept as a whole. In connection with recent changes in parts of laws of different countries dedicated to real estate and ICO's we have to react on that and do corrections with all due haste, so the whole team is completely loaded with work right now.

As for the transparency, the real estate market is one of if not the most transparent market out there. And in our case, all the deals involving buying, lending, or any other operations with real estate will be completely transparent and easily accessible.