Good news - every Regal account that was locked has been unlocked.
Bad news - the price keeps crashing.
I think the two are directly related. I believe the people who were locked out have had enough and are selling off en masse. I can't really blame them, but it would be best if they took their frustrations out of the equation and waited for the coin to bounce back. That's easy for me to say, though, since I was never locked out.
Now, most of the problems associated with Regal seem to be the people who don't know how to work the website. Some people are complaining about having a negative Regal balance, but they are not using the Refresh button on the dashboard, they are instead using the refresh button on their browsers. Little things like that.
For now, it seems as if the Regal team is FINALLY listening to its investors. The locked accounts have been unlocked, and the team has announced on Facebook that the internal exchange has been tested and will be implemented soon. Although it's two months too late, it's still better than not having one, so hopefully the Regal team will be smart and implement the internal exchange soon - and not have to rely on CoinExchange. Without an internal exchange and a trip switch, any lending coin will have a hard time lasting, since external factors can crash the coin (such as people selling off right now - the Regal team can't do anything about it since there is no internal exchange).
With all of the bad news, it's good that Regal has allowed everyone to sell their coin and cash out in BTC. They've never blocked anyone from doing that, from cashing out. So Regal
should be working properly. No more locked accounts, internal exchange soon.
It's tough to say this since the price of Regal is about to be less than $10, but things are finally looking up.
I think this is an act to drive down the price. People behind Regal is also Bitconnect.
There is absolutely no evidence to suggest this is the case. Bitconnect was running for nearly a year before the price of BCC hit 10 dollars so i think things to just too fast too quickly. ICO investors are cashing out due to there being no exchange yet and the fact many had a hard time accessing their money in the beginning.
Its up to regal to stand the test of time now. If it does then price will gradually start to move up.
You do know they can launch internal exchange whenever they want... rather than give unrealistic interest rates such as 2% at this given time. They chose to give .75% which provides a sustainable model and that they're in for the long run. Internal exchange has been tested and completed.
2% before bonuses, is why I am really skeptical of Davor. That being said, they have been doing great.
I finally put a small loan into Davor and I can say without hesitation, it's the best lending platform out there. It's easy to use, the payouts are great, and unlike Bitconnect and Regal, you can reinvest any amount over $10 (including fractions, such as $10.14 - you can lend the entire amount). That makes the compound interest go even faster. The website is easy to use, and it's incredibly fast.
That being said, I have more money in Regal and I want to see Regal succeed. The question remains - have we hit bottom yet?
