Ever since the rise of bitconnect there has been other lending coins created. REC introduced this past August 2017 and currently ranked outside the ~1000th in market cap is likely because the coins in circulation is unknown, however maximum is capped at 27 million coins. REC currently ~430,000 Satoshi. For a coin that has not even existed for 4 months it is pretty good returns if one was apart of the ICO. However current snapshot of price chart taken from coinmarketcap is leading me to believe this coins peak has been made.
Lower lows are continuing and just my guess is the 5 million premined REC making its way through the market. I guess that this is a pump and dump coin.
The coin also can be mined as it is based on X11 algorithm. REC advertises 45% ROI per month on returns for lending the coin. But for those unfamiliar with lending coins, basically REC has a platform where one can lend their coins thru and earn daily interest. The interest earned is based on some profits the platform earns from taking the REC coins. How the platform earns the profit is unclear and with many other lending coins the exact process is hidden to the public.
REC is also a staking coin and affiliate & network program. For staking REC advertises 10% ROI per year. To be an affiliate and able to pull in new investment REC will provide a % in earnings, advertised to be up to $21 per week.