Remember a couple of month ago that while bitconnect was all over the tube suddently youtubers started promting this Bitconnect 2.0 program which was called "regalcoin" ? Remember how ugly the site was? Remember how even in spite of that, the hype was so high as alot of people who missed the bitconnect train, wanted to hit a home run with Regal? Well, it really did it back then and if you had invested in the ico you could have really made up to 80X and sell profit to bitcoin without doing any loan. crazy right?
Now that all bets are off and most of the "successful" lending platforms hit the fans and died (bitconnect, Hextra, davor, ucoincash) Regal is trying to get back from the dead. They probably think that if they change the word "lending" to "staking" everything will be A OK.
I dont believe that because I know that a coin that is used just for staking and has nothing else to show for it will be sure to get dump hard pretty fast.
Even though they do promote the shit out of their new program (hilariously) in this vid:
In the video You can see conferences, promises that this is new staking program is not scam, a new 2018-2019 road map with internal and external exchanges on the way, visa and hugh marketing. All the stuff that we have heard from bitconnect just before they've crash.
I dont beileve in any of that and I will not recommend investing any new money into it but, a friend of mine who invested a hugh ammount in a loan and got stack with it, asked me to help him and see how he fits into this new staking program they are promoting.
From what I've gathered I understood that all you loan money was converted to the same amount of some kind of an internal regal site currency that is called "code balance"
If you had 1000$ loan you suppose to see here 1000 code balance.
you cannot withdraw and/or exchange it but only stake it within the regal site for a duration of 99 days lock period
first go to wallet section and generate an R7 wallet address - this is the actual new coin that you will earn from the staking so you will need a wallet with an address for it.
Then go to Regal codes section
enter the amount you want to stake and hit create code - copy the code you will get. (you can also send code blance to other regal users here)
go to the dashboard -> staking -> choose regal codes at the dropdown menu
confirm the stake and all is done. you should see it like here:
now you will start to earn an average of 1% R7 coin daily accroding to the daily percent seen in the dashboard
to withdraw profit go to wallet section - withdraw R7
you will need to open en exchange account at https://btc-alpha.com/exchange/R7_BTC/
the volume is not bad and they have some preety hefty buy orders as you can see:
Crypto maniac out