I'm not an expert, so I decided to take a look and compare the difference between the existing crypto-currencies and the E-Dinarcoin program, to understand why a coin is supposed to be a fraud.
As an example: Bitconnect (BCC), experienced an incredible increase, but this coin was considered a PONZI because of ROI of 40% per month. It was launched between October and November 2016.
I will use simple terms to define
A PONZI is defined as a concept that takes money from the user to pay another user.
BITCONNECT and E-DINARCOIN is PONZI due to ROI and MLM programs. But the price of BITCONNECT starts around $ 0.7 to $ 75 now ($ 75 at the time of writing this article)
If E-DINAR was the NEW BITCONNECT
When looking for a new online opportunity, information about the company is needed.
I take BCC as an EXAMPLE because it uses the same program to attract the investor, "as i define", an MLM program and a return on investment as EDRCOIN does.
Users will generally look for the owner and location of the company, but the information is mainly on the site and may also be false. When searching online, the user will come across several articles, some say it is a good opportunity, but others define the company as PYRAMID, FRAUD. But when we invest, we use our own money, some users will simply turn the page without investigation. This is not a kind of criticism, but a way to learn to see.
Some Crypto currencies mainly use POW / POS as an algorithm
In simple terms, POW defines mining. For now, PRO PROOF OF STAKES, this means that the coins on the purse are a proof to get stakes as a bonus that depends on the amount of coin present on the purse.
1. The location of the business is usually where the company gets most users. EDINARCOIN was created by a group of MALAYSIEN, their HEADQUARTERS is in the UNITED KINGDOM, but they have a representative office in India and Indonesia.
The countries where they are most present are India, Indonesia, Asia, Africa and China. All this can be viewed on their official Facebook pages. When we follow the news, the MEMBERS or the SOCIETY are active in certain regions of the countries and this also testifies to the company which affirms that it wants to be present in the developing countries
2. Reward: The user forgets that Crypto currencies is a ASSET on the stock market, and that the company does not reward active members with dollars but with a few coins of their product. The profit will be determined on the stock market. (So, where is the PONZI, and the money that E-Dinar takes from you to pay me ???).
3. The POS is based on the amount of the coin on the purse and this is also used as proof for the company to pay the bonus, but depending on the strategy, the company, all are subject to a specific RULES.
Like BITCONNECT, E-DINAR gives a reward to users who share and get new members in the company. This is called MLM and is often considered as evidence of FRAUD, PYRAMID, PONZI. The user must bring a new investor to the project. To succeed, the company must build a community, it rewards participants for this work, the stock market will determine the value of the reward.
Let us go further and take another example.
These parts use POW / POS and do not give MLM rewards.
EMC, PCC, NMC offer the opportunity to get more bonus parts (STAKES) or use POW, (PROOF OF WORK), in simple terms, use CPU / GPU to operate or use other expensive mining software Which consume electricity. These mining machines help to make calculations on the block and this is proof of work. Even using a computer involves a risk, the computer breaks into pieces. The POS (PROOF OF STAKES), PROOF OF STATISTICS, relies on investment for more bonuses. The POS remains the only way to rapidly increase the currency of the purse. It is clear that the missing MLM rewards do not play anything, investment remains the most likely option.
In the absence of the MLM program, these coins are not considered fraud, the risk of loss is remains. The risk is considerable, between the loss or the profits.
Anyway, (at the time of writing) these coins are greater than $ 1, the question to ask.
How many users are benefiting from this increase?
How many users benefit from the BITCONNECT (PONZI)?
How many investment firms use their own profits to pay their members? (Bank, insurance company)
How many investment programs do you know that do NOT require INVESTMENT?
If E-DINAR was the NEW BITCONNECT
BITCONNECT do it
E-DINAR do it
A crypto-coin must have a BLOCKCHAIN of its own and not a design of the giant BITCOIN. It must be revolutionary and secure.
E-DINAR offers their members different ways and tools to use their product and why not, enjoy it.
1. They have an online wallet and also a large number of applications.
2. With Brainkey and password, the wallet is easily accessible.
3. local PRO A new exchanger that follows the mining process as the purse, and created the first EDR CLOUD MINING for the good health of EDR.
4. A White Paper filled with information, are available on the official platform
5. An MLM program.
6. A wide range of exchangers where it is easy to BUY or SELL.
7. A mining option that does not affect our computer and easy to use without high power consumption.
If E-DINAR was the new BITCONNECT
E-DINAR was launched in 2015, the platform called, E-DINAR.io, it was not a disaster, but many known members lose, their investment amount fall.
In 2015, the idea was to create a P2P exchange and a string of blocks that help a faster transaction and a higher ROI.
In 2016, the decision is made to examine the entire network and create an "E-DINAR" for a single purpose. The infrastructure is working on the system BITSHARES 0.2.
In August 2016, the purse is launched on the DELEGATE PROOF OF STAKES, Everything must be moved on the new platform and the wallet, users see the decrease in their investment.
A very dark day for the investor and E-DINAR.
The wallet completely reworked is implanted in four online exchanges that are known for their serious and their work in crypto. The transaction gets faster and is done as described in the brochure. The message scrolls on the social networks, on the efficiency of the new systems, and E-DINAR continuing more beautifully by introducing other platform.
The ambition of the brand is quickly felt and defines in three words: "Let it know, attract more members to use the product and increase in value.
The company works in the progress of EDRCOIN.
How to believe in this opportunity, all I can say is that the future will tell.
For now, E-DINAR is still there and pays the return on investment, the support answers all the questions for more evidence.
THE GREEN : BLOCKS INTERVAL
THE BLUE: 11 DÉLÉGUÉS seconde
When looking for explanations about POW / POS, users will get sometimes complicated definitions, so DIGITALEDDY simplifies the most important.
POW / POS, the difference is the DELAGATES.
The delegate made the E-DINAR Blockchain different from all existing crypto-currencies. ADDED VALUE
1. This ADDED VALUE is a way to avoid high transaction costs and network costs 0.001 can not easily change. Like another crypto using POW / POS, the fees can be higher at any time. (Block fees are paid to miners who testify to the health of the chain of blocks and can increase at any time).
2. POW / POS is also a way to reward users who work on the chain of blocks, in simple words, that is why with EDRCOIN, to get mining bonuses, users must make at least one transaction every day of 1 EDR. These transactions help to secure the block chain and this work acts as a witness, so it is not necessary to compensate individual minors because POS is created to reward users, and DELEGATES are here to monitor the work and Reward takes place. So there is no reason to constantly adjust the block fees.
3. The POW / POS has a 51% chance of being hacked because it uses miners who have been voted to track the health of the chain of blocks. The DELEGATES use all users as a witness, that means, a hacker will have to replace 50% of the witness to attack the network. EXAMPLE: A hacker must control at least 100,000 users on the DELEGATES system, this means " TIME AND FINANCIAL COST".
If E-DINAR was the next BITCONNECT
The chain of E-DINAR blocks is short, 2.5 seconds, the block becomes irreversible, only 11 witnesses get to known to the network.
A Click on the BLOCKCHAIN tab at the top of the wallet, and follow the witness of the transaction, the websites have been updated and the information is clear for each member.
E-DINAR comes with a revolutionary block chain with its VALUE ADDED.
If E-DINAR was the next BITCONNECT
1. To conduct and obtain rewards, the user must prevent the computer or phone from entering standby mode. A laptop is the best in my opinion, The user should simply download the Windows application or use the Web version.
2. The user must remove the sleep mode option and disable this option
3. Open the applications in the window or browser for the web version and do nothing more.
4. Have an Internet connection.
5. Perform at least one transaction of 1 EDR per day.
This does not affect electricity bills, the browser user must be open and use a new tab to surf the net as usual, and yes, this does not consume high CPU utilization.
The best way to do the transaction per day is to send 1 EDR to your E-dinar sponsor or a friend because this way, when returning 1EDR, the user also performs the transaction every day.
Another option is to have 2 address, which can be simple with the wallet by generating a new EDR address
NOTE; E-DINAR introduced the first complication on mining, and users begin to get mining rewards after 30 days of maturity
YOBIT.NET : A Banish platform, but E-DINAR decides to continue with Yobit. EDR can now be marketed and the sign is EDR2, I like Yobit because of a secure process and for free coins too. But when buying, send your coin to the E-DINAR wallet and before buying, always check the validity of the wallet and see if the address is available. This is just a tip for more safety.
LIVECOIN.net : This platform is the best, truly secure and works faster, Livecoin makes withdrawals for EDRCOIN from 500 EDR
LOCALTRADEPRO : This platform directly exchanges in EDR, which means that it prevents exchange costs, for example: ETH/BTC and then BTC/EDR. It work like this: EDR/ ETH, / EDR/ LTC, EDR/ BTC, EDR/ USD, EDR/ ZEC, EDR/ DASH, EDR / AED, EDR / ZAR. This platform also has a VALUE ADDED for users. "EDR CLOUD MINING" Which use the same mining process as the portfolio, it does not require a transaction per day and pays 0.5% at the 30-day maturity. But on Localtradepro, a deposit can take 24 hours.
EXRATE is a little worse for fees and exchange process, and the other I do not know, the three I mention are GREAT.
If E-DINAR was the next BITCONNECT
E-Dinar is identical as many currencies, an example is BITCONNECT, LEOCOIN. Each new company that has an ambition with their products seeks to get known, and these companies usually offer an MLM reward and a return on investment to attract the BUYER (Investor).
For this, the company is FRAUD and there is no need to go far, many users turn the page, but the best way to know the truth remains the practice. E-DINAR is seen on many markets and trade in many interchanges, their pages are full of information and the official website is updated.
Many pieces are not on POLONIEX and are well-rated outside, just do a comparison job, and check out the Coin-market TOP 100, compare it to POLONIEX.
EVEN BCN (BYTECOIN), considered a piece of scam, surprise. I exchange this part on EOBOT, I exchanged it in dogecoin or GHS. NOTE, I did doge removal after the transaction successfully. The surprise always comes from the Bousier walk. Sincerely, I start with Revenue sharing program and now the crypto world.
HAPPY MINING
