REcoin / Diamond Reserve Club ICO (2017): Sale History, Figure & Outcome
REcoin and Diamond Reserve Club were asset-backed tokens launched in 2017, claiming to represent investments in real estate and diamonds. The projects were promoted by Maksim Zaslavskiy during the peak of initial coin offering activity.
| Token | REcoin / Diamond Reserve Club (RECOIN) |
|---|---|
| Sale year | 2017 |
| Category | asset-backed token (real estate/diamonds) |
| Documented figure | $300,000 |
| Outcome | fraud |
| Data tier | 2 — research-lane verified |
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What the record shows
The combined projects raised at least USD 300,000 from buyers, though investigators later found no evidence of actual real estate or diamond purchases backing the tokens. The U.S. securities watchdog charged Zaslavskiy with fraud in September 2017, marking one of the first major enforcement cases against an initial coin offering. Zaslavskiy ultimately received an 18-month prison sentence for the scheme.
Era context: ico mania (2017–2018)
The 2017-2018 initial coin offering boom saw hundreds of projects raise funds rapidly, with some sales completing in minutes. This period produced both record-breaking fundraising totals and numerous high-profile failures, eventually leading to increased scrutiny from authorities. The REcoin case emerged as an early example of the risks that became apparent as the market matured.
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
- Rentberry (2017)
- Request Network (2017)
- SALT Lending (2017)
- Shopin (2017)
- SingularityNET (2017)
- Sirin Labs (2017)
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Sources
- Source held in the dataset record.
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.