Oh boy you just don't know what to expect next! after weeks of silence and ignoring the topic of screwing over every single person by exchanging E-dinar - EDC at a rate of 1,300 to 1. Investors found their 1,300 E-dinar worth $1,300 exchanged to 1 EDC with a value of $0.75.
Now there are updates of a sort floating down from the top recruiters. At this time there is no statement by the company or anyone employed by them. The updates if they are to be believed (they shouldn't be) are so amazing I am expecting to see a Hollywood movie deal in the future.
$1,300 EDC launch price and the subsequent automatic exchange from E-dinar - EDC being carried out at this amount? well you see that is down to some pesky Chinese E-dinar leaders who told all their people to sell their EDC the moment the company had exchanged them. The claim is that because of their actions that caused the price to soar to $1,300 and then drop like a stone to below $1. They say the Chinese leaders and their teams sold $40,000,000 EDC in this moment at $1,300 - 1 EDC. A brand new coin on one or two exchanges... $1,300 each... $40,000,000 total volume single day...
https://coinmarketcap.com/currencies/e-dinar-coin/#chartsBut wait!
Why stop there, the company once the EDC reached below $0.50 purchased back $40,000,000 worth of EDC. Why they did this is a mystery and will likely remain that way as the company staff and the recruiters can't put forth a logical response to questions without digging a deeper hole.
Remember sub $0.50 $40,000,000 volume
https://coinmarketcap.com/currencies/e-dinar-coin/#chartsAt the end of August when they carried out this exchange without warning as previously noted, there has been no direct updates from the company to its customers and investors. oh, they did address a single country for the correction process ... Nigeria. They find time to make cringe videos and promotional pieces that they have placed themselves and then promote.
quote from
E-Dinar-P2P-Exchange-community Facebook page.
Exchange Rate Correction Process For Nigerian Participants Held Successfully
Dear users!
The first stage of E-Dinar Coin exchange rate correction for 1648 participants from Nigeria has been successfully held. The compensation for those who have EDC 100 or more in their accounts will amount to EDC 100, those users who have less than 100 E-Dinar Coins in their accounts, will be fully compensated.
The funds will be transferred only to those participants who have submitted the required documents in time for the for the rate correction and were successfully virificated.
It should be noted, that within the previous week, Nigeria has become one of the leading countries on registration in the E-Dinar Coin system. We are very glad to collaborate with such a great country and value all the participants!
Stay with us and wait for the new updates!
I'm sure the requirement to provide the required documents and on time for them to receive correction to their original amounts was well advertisers to all investors and customers in every single country ... Just not by email - Facebook - Twitter - their own website.
A user with the location Nigeria posted this to the above Facebook group. If the user had 0.402 EDC to start with after the exchange process they held nearly 500 E-dinar and should have received the same amount of EDC in the correction phase as they held E-dinar. If this is what they class as "exchange rate correction" it is going to be a tremendous shit show once the western countries realize they have been played. Don't forget People have put hundreds and thousands and tens of thousands of Dollars - Euros - Sterling into E-dinar before the automatic exchange took place, and right now that has been wiped out, it's vanished. They put all that money in because E-dinar (now EDC) sold them that E-dinar would be continuing until 2022 and mining 22 billion E-dinar, and without a moments notice everything changed.
I used to have 0.402 edc in my wallet and I transferred the compensation balance which was given to me 46.8 after that I checked my wallet seeing 47.202 how come.. I was once told that my wallet balance multiplied by 1300 how come compensation was to reduce my coins
If the top recruiter updates are to be believed people are going to be given back all their coins they originally had before the exchange. There is however a catch, at first it was said that everyone was going to get this treatment and the company were actively in the process of doing it country by country in the month of September with some already fully completed. Locating proof of this is difficult and for the boasts of over 100,000 users you'd think it would be easy, even on their own social media accounts there is silence from the few who do post on the subject of this. You can find numerous angry posts.
In a Hollywood twist people have discovered that the website and company they gave money to for their investment in e-dinar and EDC are not the bosses. The people who have the control are the miners and they are completely separate. This was never made public knowledge previously to anyone parting with money. Recall that the mining is done exclusively by the company or, as it turns out, another group entirely. This begs the question, if the miners control the decisions why did they make sure the exchange happened on the day EDC hit $1,300 and everyone is screwed over losing near 99.99% of their investment amount and creating the situation you see now.
