What is E Dinar Coin and how to make money on E Dinar? They turned out to be scammers!

E Dinar Coin or EDC (E-Dinar Coin) is a very interesting cryptocurrency project. To be honest, I myself did not fully understand the meaning and methods of operation of E-DinarCoin, but the fact that it is unique and significantly different from external MLM companies with cryptocurrencies, such as OneCoin, SwissCoin, Mavro and others, is visible to the naked eye. In general, let's get started with the review about E Dinar Coin.

To begin with, we note that E Dinar is quite possibly not a single cryptocurrency and is mentioned in several Internet projects (plagiarists), so we will describe those E Dinar that are distributed by the site https://edinarcoin.com/ru/. Now a little history. E Dinar was launched in mid-2016, although preparations for the launch have been in full swing since the end of 2015. This is clearly visible in the graph below in the review.

Growth rate of E Dinar

Here are a few differences between E Dinar Coin and other cryptocurrencies and online MLM companies working with them:

What does the company/project do?

New technologies mean new earning schemes, which means new opportunities for all kinds of scammers.
Blockchain and cryptocurrencies, naturally, have not been deprived of the attention of many “financial gurus” from the world of the shadow economy. Blockchain is quite flexible and can be customized to suit any needs. Make it dependent and closed (private blockchain), close but not centralize (blockchain owned by a certain association (consortium)) or leave it decentralized and open, such as the Bitcoin blockchain.

At this stage, the trend is still moving towards closed and controlled blockchains - the powers that be are inclined to take the best from this technology (basic technological principles) and throw out everything that is inconvenient (openness, immutability and anonymity).

Also, different blockchains (chains of blocks in which transactions are concluded) differ in the principle of operation. But not about that now. Probably, the theory is enough and one thing is worth saying - the blockchain is the most fertile ground for various financial systems, including pyramids and HYIPs.

Why do people, year after year, fall for the tricks of scammers and give them their last money? Because we’re not used to thinking with our heads, or rather, we’re used to it, but in the wrong place. A person has two types of thinking: fast and slow. Fast thinking is also figuratively called “monkey”.

So for this “monkey”, the form, not the content, is primarily important. She doesn’t like to think - she’s used to acting automatically. And for some reason, for example, MMM is a deception for her (she has already been burned by this), but MMM-2011 is a completely different matter...

And now that many have learned about cryptocurrencies and think that it is something quite complex, but at the same time very profitable, it is not difficult to create new forms, without even bothering to change the previous content. And even individuals who have already been caught in multiple frauds more than once can safely continue to create new scams. After all, many investors don’t even bother to find out who they are dealing with.

The main thing is to create an attractive website, charge it with an idea, make a “profitable” offer - and now the first deposits have already flowed into offshore accounts. The anonymity of cryptocurrencies further simplifies the task of hiding funds. That’s it – all that’s left is to say the magic word “blockchain” to greatly enhance the effect.

But these “good people” not only help poor citizens increase their incomes, but also do their best for the environment, which they do not forget to publicly remind. Live example: E-Dinar Coin.

How to make money on E Dinar Coin

There are 2 ways to earn money in the system.

• First. Passive income of up to 0.65% per day from your account amount. Moreover, this passive income is created not due to the rise in price of coins, as was the case in OneCoin or now in Mavro, but due to their mining (unlike Bitcoin, EDinarCoin is mined by the entire network of participants). It is worth noting that the income is planned to be up to 0.65% per day and over time it may be 0.1% or even 0.01%
• Second. Referral reward. It is quite serious, there are several ranks, but to get it you need to do a lot. For example, you get the first rank or rank A if you have 200 EDinarCoin in your wallet, and also have 5 referrals each with 100 EDinarCoin. These are quite serious amounts for HYIP projects in Russia, and the other ranks are even more money-loving :-). You can find out more about them in the video presentation here

E-Dinar Coin: how HYIPs undermine trust in cryptocurrencies

The project started in November 2015 and was allegedly conceived in Malaysia. The initial legend is simply beautiful: a stable exchange rate of $1 per coin was promised in the first two years, and the maximum quantity was supposed to be 22,000,000 coins. After this, the emission should have stopped and the exchange rate began to rise.

I would like to note right away that in fact, the maximum number of coins has increased from 22 million to almost infinity, and the rate currently averages $0.04.

Investors are promised 20% per month of the deposit amount, i.e. 0.66% is added every day, after which they can be sent for auto-mining and received back with a profit.

Plus, they also save nature. At first, the following proposal was suggested: the owner of solar panels just needs to send a confirmation from the energy company to the project address, which indicates how much energy the installations produce, their photographs and videos, as well as the exact geographical location. After verification, 1 EDRCoin is credited to the project participant’s wallet for 1 MW. Thus, the receipt of these coins could be partially tied to the production of real goods. Today on their website there are only promises to invest the money they earn in projects to improve the environment.

At first, everything went well, as with any scam - people deposited funds and withdrew profits until the amount of deposits was close to $10 million. And then on June 26, 2016, payments stopped and the EDR rate quickly dropped.

Investors were kept in this position until the fall, and then the EDR was replaced with a new EDC, making the EDC rate $1,300. And almost immediately they exchanged the investors’ EDR for EDC – without warning. And a little later the EDC rate was equalized to 1 dollar...

This case is described from hearsay, but it is not difficult to verify the discrepancy between the information on the hype site itself and the official sources to which it itself refers.

Firstly, there is no EDC - there is EDR with a rate of $0.04 and a market capitalization of about $3,700,000 and EDRC with an even lower rate and generally unclear capitalization (as of 05/06/2017). It is possible that EDC is only their internal currency, but they refer specifically to EDR. Moreover, on May 2, news appeared on the website that EDC (EDR) had reached a capitalization of $4,500,000, although by May 6 it was $800,000 less.

According to the statement:

“At the same time, over the last 7 days, E-Dinar Coin has maintained a stable rate” - where? Down? (see exchange rate dynamics)

Situation as of May 6, 2022:

This is a screenshot from the same CoinGecko - they themselves link to this site, where the data is strangely different:

Interesting, isn't it? Probably some kind of mistake.

And the places in the ratings of cryptocurrencies are also much lower than what they claim and the more the sources they bought are chattering.

Data from CounGecko and CoinCap:

If you look at the dynamics of their exchange rate and popularity on the Internet, you can also draw certain conclusions.

Course dynamics:

Dynamics of trust in the network:

Very typical - a rapid rise due to active advertising and the first wave of investors, and then a sharp decline after a loss of confidence. But the jackpot has already been won.

Well, it would be fine if they disappeared from the market, but no - a second set of investors has been recruited. Well, that’s right - after all, EDR was changed to EDC and this is a completely different matter, you can invest again. By summer there will probably be interesting news.

New cryptocurrency E-Dinar Coin conquers the financial world

The financial world may change beyond recognition in the coming years under the influence of new technologies. Today, blockchain is becoming one of the most promising technologies. And now, it has happened: a new cryptocurrency is entering the market - E-Dinar Coin Revolution (EDR).

It should be noted that more than 180,000 participants joined the community and invested $10 million in the development of the currency. According to experts, quotes for the new cryptocurrency may rise over time to $1,000 per coin and higher. E-Dinar platform

The project started with the launch of a P2P platform.
Observing its rapid development, it was decided to develop its own cryptocurrency, which has a number of features. New cryptocurrency
The official name of the cryptocurrency is E-Dinar Coin, an ecological decentralized cryptocurrency, abbr. EDR (English ecological decentralized revolution). This name was not chosen by chance. The dinar is a coin with a long history. It was used to pay back in Ancient Greece and Rome, and today many countries use the dinar as their national currency.

Electronic money with the same name is a tribute to tradition, but at the same time a bold step is being taken to transfer the monetary unit to a new historical level, when payments will be carried out in electronic format.
E-Dinar Coin Emission
It is planned to issue a record number of coins in the amount of 999 trillion, compared to other cryptocurrencies, in order to provide for the entire global financial system in the long term.
Pre-mining of this cryptocurrency is 2.5 billion coins. The remaining coins will be issued over 33 years. Thus, the EDR cryptocurrency is the only alternative for the development of the global economy, which has every chance of becoming an alternative to the international reserve system. So, given that the external debt of such an influential country as the United States is $19.3 trillion, with the help of EDR there is a likely opportunity to pay it off in the future. Advantages of E-Dinar Сoin
The new electronic currency allows users to make transactions with a minimum commission of 0.1 EDR per transaction.
At the same time, all transfers are characterized by speed - only 5 seconds of delay, complete anonymity - a peer-to-peer p2p network is used, and also globality - EDR can be converted, if necessary, into any currency. Access to your wallet from anywhere in the world, you only need access to the Internet. In addition, each participant receives automatic mining bonuses of up to 0.65% per day, and additional units can be earned by developing the affiliate program. Links to trading:
https://coinmarketcap.com/currencies/volume/monthly/ https://coinmarketcap.com/currencies/e-dinar-coin/
Not only money
The launch of the E-Dinar Сoin cryptocurrency involves not only earnings, but also using part of the income from the system for good purposes.
The main ones are related to modern environmental problems. Official launch of E-Dinar Coin: August 15, 2016.
Detailed information is on the official website and in the E-Dinar communities on social media.
networks. You can buy E-dinar on the newly opened exchanges: https://alcurex.com/#EDR-BTC
https://alcurex.com/#EDR-BTC

EDR course: