Back when I originally wrote this in October 2017, Regalcoin was a BitConnect copycat (i.e. a clone) which was getting lots of attention.
That’s mainly because it promised returns of up to 45% per month, had a lucrative affiliate program which incentivised cryptocurrency YouTubers to shill it, and was promoted as a way to get in on the ground floor with something just like BitConnect (which had seen a massive increase in coin valuation over the course of 2017).
It went from a high of over $70 per coin in October 2017 to just $0.0011 in 2020.
In this post, I outline what Regalcoin was all about and the warning signs which indicated it was a Ponzi scheme – just like BitConnect.