E-DINAR

Launched around 2016, E-DINAR promoted its own cryptocurrency, EDRCoin (EDR), promising investors daily returns of approximately 0.65% through a process it called "mining." The business model heavily relied on a multi-level marketing (MLM) structure, where participants earned significant bonuses for recruiting new members. This structure, combined with the unsustainably high promised returns, led to widespread accusations of it being a Ponzi and pyramid scheme. The project was particularly popular in Russia, Ukraine, Indonesia, and other parts of Asia before its eventual collapse and the delisting of its coin from exchanges.