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RECoin The First Ever Cryptocurrency Backed by Real Estate

About REcoin

REcoin provides both investors and the average person a safer, more secure and superior alternative to storing their wealth in the form of digital currency.

REcoin is a new cryptocurrency alternative designed to accommodate a wide range of financial transactions and investment goals. Its security is ensured through the use of one of the soundest and most reliable currency backings there is real estate.

Many of those who are looking to invest their earnings face the dilemma of putting their savings into low-interest rate bank accounts or lacking other investment alternatives due to a lack of liquidity.

Today, no real commodities back the world’s widely used currencies. Real estate backs REcoin in countries with a developed and stable economies such as the United States, Canada, the U.K., Japan and Switzerland.

The 101REcoin Trust

The 101RecoinTrust is designed to ensure that all investment activities will be in the interest of REcoin holders and centered around the most profitable forms of real estate.

REcoin is led by an experienced team of brokers, lawyers, and developers and invests its proceeds into global real estate based on the soundest strategies, including:

  • Investment into properties with a stable income, short sales, foreclosures and real estate development in the world’s leading economies.
  • No dividends are paid out to any beneficiaries, meaning that 100% of the net profit from REcoin is reinvested into real estate, minus expenses, and maintenance.
  • The society of REcoin holders control the cryptocurrency and vote for any investment decisions that have the potential of affecting 5% of REcoin’s market value or more.

Technical Specification

Ethereum cryptocurrency code is used, which means the following options:

  1. Use of blockchain technology.
  2. The possibility of mining (using the proof-of-work protection method).
  3. The ability to create and use smart contracts.

The technology of blockchain proved itself as perhaps the safest way of keeping records of transactions performed within a certain society, each member of which owns a copy of the database distributed among members of the given society.

Blockchain – a chain built from the formed blocks with records of all transactions. A copy of the Blockchain chain or its part is simultaneously stored on multiple computers and synchronized according to the formal rules for constructing the chain of blocks. The information in the blocks is not encrypted and is available in clear form, but is protected from cryptographic changes through hash chains. Thus, the Blockchain database is distributed (decentralized) and cryptographically protected (https://en.m.wikipedia.org/wiki/Blockchain).

The possibility of mining, which gives the use of the methodology of protection against false data and fraud PoW, is by far the most widespread and reliable cryptocurrency in the environment.

A proof of work is a piece of data which is difficult (costly, time-consuming) to produce but easy for others to verify and which satisfies certain requirements. Producing a proof of work can be a random process with low probability so that a lot of trial and error is required on average before a valid proof of work is generated (https://en.bitcoin.it/wiki/Proof_of_work).

The minimum unit is 10^-4, or 0,0001 REC.

The conclusion of the block will occur every 20.5s (Similar to the Ethereum software environment, https://bitinfocharts.com/en/ethereum/ ). The block volume limit is 12 KBytes.

SideChains REcoin

It is stipulated in the code of REcoin that for creating sidechains REcoin, it is necessary to have a smart wallet with AltCoin in the amount of 1,000 ALTC.

AltCoin is tokens designed to protect the REcoin cryptocurrency from creating uncontrolled sidechains. Their total emission is 100,000 ALTC.

The mechanism of the ratio of the mining of the newly created sidechain and REcoin is similar to the process of mining REcoin.

TRANSACTION FEE

Conducting transactions in the cryptocurrency REcoin implies the possibility of charging a commission for including this transaction in a block, similar to that practiced in other crypto-currencies.

Miners will receive 92.5% of the amount of the voluntary commission.

The remaining 7.5% of the amount of the voluntary commission will be distributed among the REcoin Founder Maksim Zaslavskiy (0,5%), the organization providing technical and service support (1%) and donors – charitable organizations and their associations, which is 6% of the voluntary transaction commission.

CONTACTS : +1 (702) 359-1047

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