REcoin Launches First Ever Cryptocurrency Backed by Real Estate, With ICO Campaign
Las Vegas-based blockchain start-up REcoin Group has announced that its ICO crowd sale will begin on August 7, 2017. REcoin Group founder and Industry guru Maksim Zaslavskiy has announced that the crowd sale process will be broken up into a pre-token sale and an ICO fundraising campaign.
[Note: This is a press release.]
REcoin cryptocurrency is designed for a broad range of financial transactions and is backed by the real estate held by the company’s 101REcoin Trust. The trust owns real estate in developed nations economies such as the USA, Canada, Japan, Great Britain and Switzerland. REcoin offers some unique technical measures, which are being managed, tracked and authenticated through blockchain technology.
REcoin’s international program developers and attorneys have been working together to finalize the company’s solutions for REcoin holders, to give them the chance to enter smart contracts in real estate rentals. In addition, they are developing the supporting eco-system and creating partnerships with various internet platforms.
Proceeds from the ICO will be invested in the highly regulated real estate market in all jurisdictions and help the holders and investors gain confidence in REcoin. The company has also stated that over the next 50 years, 83% of the coin mining will be invested right back into real estate.
The construction of the REcoin ecosystem aims to integrate Internet platforms that provide services in the real estate, retail and financial markets. Point-of-sale and other businesses may also apply for the affiliate program.
The company’s partner program has been designed to expanding the range of operations and services in real estate. By launch date the REcoin ecosystem will be represented by the following Internet partner platforms:
- 101rebid – an online platform for conducting auctions for the sale/lease of real estate
- 101cowork – Internet service for finding/offering real estate services
- 101news – a news site dedicated to real estate
- 101mls – a classified ads platform designed specifically for Realtors
- 101fundit – an online platform for crowdfunding in real estate
REcoin ICO Campaign
The REcoin Initial Coin Offering and token pre-sale stage are scheduled to run from August 7, 2017, until October 7, 2017. The pre-sale of tokens is not limited, but the volume of tokens designated for sale at a discount will be limited.
Images courtesy of REcoin Group, PxHere