Previously they listed Holders Cryptocurrency Service Center Company Ltd. People were informed that they had done this and put down 10 million £/$ as a bond. I think everyone viewing this thread has gathered very quickly that pushing for specifics on claims made yields no results. In their pitches they like to use bitcoin references, it is no coincidence they took blockchain.mn and now blockchain secure cryptocurrency ltd. Bitcoin have two blockchain websites .com and .info? well EDR have a blockchain website too!.
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www.youtube.com/watch?v=b-BvuEISwIAhttp://archive.is/eCrMphttp://archive.is/0apZGThey are successfully drawing in people with very laughable sell points that those involved in Bitcoin or any currency are debunking. they are not looking to draw in crypto experienced people, they are looking for various types of people (inexperienced - poorly educated - elderly - greedy - MLM promoters). They say that they are nothing like Onecoin as they (EDRcoin) are traded on exchanges. This evolved into that they are nothing like Onecoin because people are currently exchanging btc - EDR and EDR - btc. I have yet to find a single person promoting this sham that is knowledgeable and actively involved in cryptocurrency markets (trading/education/mining/development), however, they do have backgrounds in dodgy and failed promotions.
Prior to EDRcoin there was E-dinar using like for like selling points and launched in October/November 2015.
http://archive.is/wAUskE-dinar website displays Holders Cryptocurrency Service Center Company Ltd.
http://archive.is/nnqCaPress coverage is nothing more than self placed PR pieces and E-dinar used the same method. No news or cryptocurrency websites are reporting on EDRcoin, hopefully, as with Onecoin this changes.
http://archive.is/SCAMFClublexus & Bloodxtz pointed out that their blockchain.mn throws up random information. The website the blockchain.mn is hosted in Romania to a Dylan Harris in London. Charles Cheng and Marco Fernandez are not on any registrations linked or UK companies, only in the PR pieces and the videos. People promoting EDR like to say 'we are on the blockchain' 'we are in the top 1% of cryptocurrencies on the blockchain'. I'm lost at how they come up with this stuff unless you look at
www.coinmarketcap.com/all/views/all/ volume 24hr and then they appear as 8th with $194,000. If their info is randomly generated are the stats on coinmarketcap accurate?
www.archive.is/A7M9GE-dinar and EDRcoin are one and the same.
Shmeall says EDRcoin has no referral program. This is false and the only reason anyone is joining this is due to the MLM angle of easy money and all activity is carried out through the E-dinar website.
www.youtube.com/watch?v=pUxSN6eoOl4Each level has a drive letter, you can look at them at your personal office.
• A – Your personally invited. You get 25% of the monthly income of your personally invited
• B – Invited by your invited guests. You get 20% of your invited guest' monthly income
• C – You get 15% of the monthly income of the partner from the third line
• D – You get 10% of the monthly income of the partner from the fourth line
• E – You get 5% of the monthly income of the partner from the fifth line
• F – You get 2.5% of the monthly income of the partner from the fifth line
• G –You get 2.5% of the monthly income of the partner from the sixth line
Investors can only buy EDR from the company for a fixed rate of $1 per EDR. If you can find anyone selling EDR (other than the company on exchanges) then it means they are looking to cash out and avoid the 5% fee EDRcoin charge when investors want to sell back and use the company. You cannot mine EDR using your own hardware, to mine EDR you have to do it through their website and your personal account. You must hold EDR in your account and this gives you a bonus amount, you copy the bonus amount into another tab and then click for it to begin mining. They have you carry this out once a week. There is no public record of the mining unlike other coins
www.youtube.com/watch?v=1-j2P9mgs9sInvestors have to go through the E-dinar website and if you look at the following video you can see bonus amount on the top bar and then the automining on the left side bar.
https://www.youtube.com/watch?v=vjnOhAqSW0gDue to the requirement above the entire 3.3 million EDR premine is being used to draw investors in as they must already hold them in order to start mining. No one has any idea how many people or for what amounts they are held by.
EDRcoin promoters currently mention there are 3 investors behind the scenes, the only one they have named is Smurfit. As with selling the premine, no one can answer how the amount this party invested and what they hold in return for this.
If the fixed $1 price didn't strike you as odd, the promoters do not want people buying in with large amounts above 10k and such occasions require talks with the higher ups. They say this is to counter anyone holding an amount which could give them control. When you suddenly remember the referral program bonuses you see right through this. At $1 per EDR where is the extra income coming from to account for the extra liabilities created through the mining and referral bonuses?, a run on the bank would be game over.
In short, $10 would create roughly $2 in mining bonus. $1.6 in referral bonuses would be created from that $2 mining bonus. From $10 there is now $3.6 created.
www.youtube.com/watch?v=0XTrgo6GuRsThe person in this video was a public figure of E-dinar as you can see on various youtube videos, with the appearance of EDRcoin and the two new public people we don't see him anymore.
www.youtube.com/watch?v=wQPFvHyjbEk