Regal coin - Bitconnect 2.0 or just another scam

For people that do not know about bitconnect.

Bitconnect is a combination of cryptocurrency (the BitConnect token/coin), online exchange (buy and sell BCC <-> BTC) and offers the opportunity for it’s members to participate in loaning amounts to their trading bot (Bitcoin Volatility Software) and be compensated through daily earnings.

Earnings are currently about ~1% per day, paid daily.

Bitconnect at the minute is at 11th place on coinmarketcap and is worth over 1.1 billion dollars,and it has been trading for over a year.

Regal coin is new on the block that basically does the same as bitconnect but has already had some problems.
it started as an ico/initial coin offering for $0.93 per rec coin. as soon as rec coin website came online there were come issues where some peoples bitcoin went missing out of their wallet as there was not much security, but it turned out that there were false websites that stole all the details and took the btc. now the people at rec enabled extra security so that you cannot withdraw without approving this through your email.

Regal coin hit coin exchange first and off the bat the site went down as there were so many people wanting to get this new coin. It traded around $22 before settling at around $11 and now the price is increasing due to more confidence in the coin, the website has been updated so that the lending platform is now working (as ypu can now buy the coins).

But in my opinion its a gamble just like bitconnect. Is this a scam no-one can really say until it happens. But if not if you get in early and hold the tokens you might just make a pretty penny. As already the price went over 20x the ico price.

80% scam 20% very good gains.

But no guts no glory - everyone is cryptocurrency has to have balls of steal

Cryptolewis