RECoin ICO (2017): Sale History & Outcome
RECoin was a fraudulent real estate token project that conducted a token sale in 2017. The project claimed its tokens were backed by diamonds and real estate assets.
| Token | RECoin (RCN) |
|---|---|
| Sale year | 2017 |
| Category | real-estate token (fraud) |
| Chain | n/a |
| Documented figure | not visible at the cited source |
| Outcome | failed |
| Data tier | 1 — hand-verified |
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What the record shows
The record does not specify the amount raised by RECoin's token sale. In September 2017, the U.S. securities watchdog filed its first-ever fraud charges against an ICO, targeting RECoin and DRC World creator Maksim Zaslavskiy. Authorities determined the tokens had no actual asset backing as claimed. The project ultimately failed.
Era context: ico mania (2017–2018)
The ICO Mania period from 2017 to 2018 saw hundreds of token sales complete rapidly, with records for largest raises being broken frequently. This boom was followed by widespread project failures and legal actions that dramatically changed the market landscape.
This sale is one of the 234 entries in our ICO Mania (2017–2018) era archive, part of the complete history of crypto presales — a sourced dataset where every figure links to the page that shows it.
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More from this era
- REcoin / Diamond Reserve Club (2017)
- Rentberry (2017)
- Request Network (2017)
- SALT Lending (2017)
- Shopin (2017)
- SingularityNET (2017)
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Sources
This page is historical research built from a sourced dataset — not a recommendation to buy anything. Token sales are high-risk. Money figures appear only where the cited source shows one. Corrections with sources: support@bmic.ai.