Was this coin really an amount mined a few days ago? When will there be any exchanges? What is the purpose of Reacoin?
Hello, the coin officially started yesterday. There was a few blocks mined (until block height 120 approximately) in order to secure the chain with a first checkpoint - that checkpoint will validate the first mined block (block height 1 ) and genesis block as well.
Also, the block maturity is set to 100 blocks, so it required to mine over 101 blocks to do so.
Then there is the CSV and SegWit consensus and protocols respectively which had to be activated in order to protect the blockchain, we had to mine once again over 100 blocks to do so.
Also, a few more blocks were mined (approximately 20 or 15) to test the mining process in the official mining pools.
No cryptocoin should officially start at block height 0 to the public without doing the steps mentioned above, it would be insecure and even if the consensus and protocol explained were implemented into the code itself (like from an early version of Bitcoin or Litecoin) it would still be insecure to launch the project without at least 1 checkpoint.
Otherwise it would create separated chains into the same network, and would be a disaster.
Also, note that those blocks to install those explained protocols were mined with a very low hashrate, without increasing the network difficulty. So the community officially started with the smallest network difficulty's possible value, for a fair launch.
Regarding the purpose of the project and the exchange listing, please take a look at the whitepaper, available from the website, thank you!
