Warning: e-Dinar Cyber Currency

E-Dinar is a cyber currency and it’s also described as an Internet community of people who use the e-Dinar   currency.

It is also an investment which people choose because of the promise that they will get 20% growth per month.

Is e-Dinar a ‘real’ cyber currency?

That is difficult to answer as there isn’t an agreed definition for a cyber currency. However, as with all cyber currencies there is a set limit to the number of coins available. In this case it was 22 million e-Dinars initially then last year after some changes to the currency, including an exchange to rename the currency as EDR, the value of people’s holdings dropped dramatically and the business now say the new limit is 22 billion e-Dinar  coins.

That’s an enormous increase and potentially devalues the e-Dinar dramatically.

If you want to get e-Dinars, you can buy them on the trading exchanges.

Can the Promised Growth Rate of 20% Be True?

They say that e-Dinar is the currency with a growth rate of 20% per month. Therefore, buying e-Dinar for the first two years of its existence, you will earn with the same rate, but you have to rely on that promise.

E-Dinar had delivered 0.65% per day for 3 months on the EDR but they recently changed everything  to EDC which shows very little trading volume.

The E-Dinar Compensation Plan

People are paid commission on the 20% monthly return. If you recruit people into e-Dinar then you get a share of their benefits and if they recruit further member then you also get a share (a little smaller) of their benefits and so on for up to 7 levels.  This is typical multi-level Marketing.

Is e-Dinar a Pyramid or Ponzi scheme?

E-Dinar’s only business activity seems to be the recruiting of people into e-Dinar.

The only source of revenue for the members is affiliate investment, made on the promise of a 20% monthly return

The promise of 20% ROI for two years may keep people in the currency for that period, but after two years – they may drop out. If a lot of people do that, then that’s when life becomes difficult. Will the scheme  pay out or stop?

http://behindmlm.com/mlm-reviews/e-Dinar-review-edr-unit-ponzi-points-cryptocurrency/

If you know anything about this currency and how it works, let me know by email.

One comment

  1. e-dinar says:

    I registered support via e-Dinar but did not respond. Almost all of the coins rise in price while e-dinar coin is constantly losing cause. I suffered from the exchange effect.

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