Everything about it screams rip off of Bitconnect, trying to leverage Bitconnect's relative success and reputation to fuel an ICO frenzy into exchange FOMO for those who are betting on a repeat.
It's a bet on the possible theft (from Bitconnect) and almost zero originality.
I doubt RegalCoin believes it owes anything to people who are betting on a theft of ideas and a claim on a bot.
It's a bet on a "bot" that they say they have, even though everything else is cut and paste.
For those with risk appetite, it could also be a bet on the momentum of this pump, knowing full well there is no substance underneath the company (a bet on the naivete of crypto investors).
The originators of this coin could be totally unrelated (to Bitconnect) copiers (thieves) of the surface appearance of the offer, without the actual bot to uphold long term growth.
The originators could also be rogue break-away units from Bitconnect, without permissions, with or without the bot (thieves and liars).
The originators could also be break-away units from Bitconnect with permissions, with the bot (agents).
It's also possible neither company has a bot, or any bot that performs as well as stated .
They may also be geniuses who invented their own amazing bot not stolen from Bitconnect.
These must all be considerations before betting x% of risk capital.
We don't know much.
What we can know is that these kinds of pumps depend on a plausible product that presumably makes money. For example, BitPetite has a tumbler. I doubt the tumbler produces enough to support the numbers.
20x is (was) only available to those who could get in on the ICO and sell at recent highs. Turns out you could only get in maybe 10 minutes each day, and only if you knew the exact Hong Kong time the daily rationing started. This kept a lot of people out as this scarcity could easily have been artificially manufactured.
Based on the probability this was a sophisticated pump that might well result in an opportunity to grab 10x, I was interested in risking x% of my capital, but found the rationing game confusing. Instead of getting a message, "come back tomorrow at 12 pm Hong Kong" i got an inexplicable inability to make the buy button function. I had no idea what was wrong with the button and not a lot of people emphasizing the narrow windows of opportunity (probably trying to exploit them themselves).
Now that it sits at about 17x ICO, the betting proposition is not so attractive. Based on the probable emptiness of the whole campaign (probably no bot), this is not such a good proposition to bet on as the value of the coin will probably increase not much more than the value of any alt coin. And, like any sophisticated pump, could start losing 50%-80% of it's value when people start realizing just how empty it is. As a trader, i would not buy anything but dips in the 50% range looking for 25% here and there.
Based on the motives/methods/language used by the YouTubers promoting this coin, i do believe it is totally empty behind the scenes, supported soley by incoming new cash flows pumping the value of the coin. The large coin holdings of the originators could pay out the claimed 45% per month for quite a while to keep this going. It's success largely depends, imo, on the coin value going up faster than the 45% they plan to pay out to bot loans each month.
Yesterday i registered again (seems my first registration is unrecognized) and before anything else, i had to have my account "activated" by a third party UP-LINE. Yes, an UP-LINE was imposed upon, even though i don't care about upline or downline. ( I don't recall Bitconnect requiring this kind of activation of me) . To me, this third party upline activation policy is a red flag as the promotional dependencies are emphasized beyond reason. They hooked me up with a YouTuber who is promoting the hell out of this using language best used by pure pumpers, predicting price points, ect. The obvious reason they do this is to get me to pump more x% of my capital than i initially intend (not much), which tells me thats what they are depending on. If that's what they depend on, then this fits the description of a ponzi.
As a result, the x% i intend to bet on this has shrunken, along with the price over the last few hours.