RenQ Finance Review – Is RenQ Finance A Scam?[Untold Truth]

A lot of crypto users who participated in RenQ finance presales are now down on their investment as the RenQ price refused to go up and double investor’s capital, this is one of the reasons why everyone including presales investors wants to get RenQ finance review. They also frequently ask “Is RenQ finance a good investment “

While a lot of investors are down and want to clear their doubts about RenQ finance, This article details RenQ finance review, and if RenQ finance is a good investment.

RenQ Finance Review – What They Are Not Telling You!

Numerous website has concluded that Renq Finance is legit due to its promises to the community users and its features which no one has tested. some websites also specify it might be legit, but the thing is that some presales investors are complaining about RenQ finance, labeling RenQ finance a scam.

However, some presales Investors and those who invested in RenQ finance at Launch have several reviews, which most are negatives on Trustpilot, a website that hosts reviews to help consumers shop with confidence, and deliver rich insights to help businesses improve the experiences they offer.

Is like the dev and the entire team are somehow playing with the project, but before we conclude, Below are some of the RenQ finance reviews on Trustpilot that you might want to see;

RenQ has about 20 reviews on Trustpilot and 90% of them are rated 1-star with negative RenQ finance reviews.

Some of the user’s reviews;

Scam project. They banned me and locked me out without any reason. I have seen similar complaints from many investors too. This is appalling and I am preparing to sue this company. I have moved to a functional company; ”Planoff”. They never do gimmicks

A user complaning about the team banning members who requested on what they are doing as a team;

Scammers. Avoid. All the sleazy useless sales lines in the book.

But ultimately this project is a sinking ship. If you express worry or doubt or ask for what they are acutally doing, they ban you.
Almost as if them banning investors is a good look, or maybe they just want to bury their head in the sand. Either way, avoid!

An opinor from a user, saying the token or rather the project is a scam right from day 1 with some of his reasons below;

*BEWARE* of Indian SCAM Token $RENQ

Scam from Day 1, with a fake team, AI generated Team Images, a domain that expires in 6 months!

Pumped by blitz of PAID ADS – NEWS Releases

Simple generic ERC-20 has none of the features claimed in whitepaper.

$RENQ will go to ZERO

A user complaining about the team not responing to his/her email

Unfortunately, I have not been able to receive a response from their email address. My losses are $466 not much compared to the thousands that others lost but still it adds up any direction or advice would be greatly appreciated.

Well, apparently there’s been additional instructions to claim the tokens, but this link that’s provided is useless. He still can’t collect tokens.

Imagine, RenQ Finance and one other project work together to scam users! This is the worse thing that has ever happened in crypto. Here a user opinion below:

PredictionAI and RENQ actually are both scam coins. They are related to each other. If you go to PredictionAI’s home page you’ll see them bashing RENQ as a sham and referencing a Medium article about it and saying it’s cycling funds to survive. Go to the bottom of PredictionAI’s page and look for their presale section, click that link, and it sends you to RENQ (the “fake” site). They are funneling funds between each other. I screen cast the whole thing.

Update on the forum they have: there’s some weirdo loon named MM that will get you banned as they are a “believer” in the scam. I merely expressed my concerns that it might be a scam in private and the loon use that to deface me to the group to get me banned. Dumbass wouldn’t shut up after telling them to screw off for defacing for exercising my right to question the crap.

Also Chech Out; Meld Airdrop – How to be Eligible for Meld Airdrop & Also Win 1M Meld Token!

A User talk about the team paying top crypto blogs/website some $$$$ to run advert.

Complete scam. Please don’t fall victim to pre-sale tokens that are published on bitcoinist.com. THEY PAY $1,100 and then the website puts a small disclaimer at the bottom warning that it’s a paid article. Same with times of India.

One of the user took all the blame to his/her self for not be able to do some proper research. According to this user, there’s some investigation going on!

I messed up as an amateur. Unfortunately, I fell victim, like many others. I invested $4000 without even researching the project and the responsibility is entirely mine! As for the procedures I followed, a lawsuit has already been filed with the competent authorities in my country and, as I am informed, they are very close to catching these scammers in cooperation with other relevant bodies to prevent further future scams by them!!! Stay away from the project!

However, we found just one positive review of the project, could this be one of the team or a paid shiller?

Despite some difficult, documentation and project seems to be solid. Big amount of money gathered during presale, both from whales and small investors. They are facing competitors rivalry, only time will tell if this leap of faith was deserved but so far I trust the project. I invested during several presale steps, etherscan allowed me to track the movements.

This might be one of the team players or probably he’s still blind. For more reviews from Trustpilot, check out their website.

RenQ Finance A Scam?

RenQ Finance is said not to be a scam by some top crypto blogs/websites, and there’s doubt! A lot of the users who get into the project through the presales are not smiling. They have one or two to say about the project as a scam project by the Indians.

Actually, the price of the coin is below the presale price right from the day of launch after so many stages of presales(up to 8 stages). This is one of the reasons to consider it a scam project. However, there are a lot of red flags about this project which some users are not aware of even up to this moment, some crypto investors are still buying into this project hoping to climb up one day.

Their telegram group is full of shillings, advising community members to bag more as they are working to make the project reach $$$. Meanwhile, most of the user has noticed the scam effect. The dev pretends he’s working at the backend, while nothing to show at the front end.

The community members requested to hear from the dev directly, so as to explain what currently going on, but unfortunately, the dev is silent. The presale investors are at a great loss, has the token launched below the presale price, the token is going down day by day. This is why you should always conduct proper research before investing in any project, be it a presale, IDO, ICO, Fair launch e.t.c

Is RenQ Finance a Good Investment?

RenQ Finance did a lot of marketing/fake collaboration with top crypto influencers/websites with lots of followers. With this, everyone believes it was real, because of the way things were done. They made every investor build trust in them knowing fully well that they were wolves in sheep’s clothing.

They did a lot of effort into marketing, paying top trusted crypto websites to publish articles that will drive investors to invest in the project. However, there was a technic used in the 8 stages of presales raising millions of dollars which was actually a rotation.

How? No one knew this early, even some users still don’t know how they manage to raise such huge amounts of funds in the presales. This was team manipulation according to some opinions from a friend who did research. What they did was, withdraw and reinvest funds to make it look like real investors buying the presales.

Check out this article related to RenQ Finance Review; RenQ Finance Price Prediction: Is RenQ Crypto A Good Investment?

They send the money from presales to Binance and Kucoin exchange only to send it back to their own wallet and RenQ finance wallet address, they repeat the process and this lures in unsuspected victims to buy the presale token. You can check out how this plays out[Click here!]

Unfortunately, the team behind RenQ Finance has a track record of scam projects. this team creates fake projects, runs presales and when it is time to launch, they will vanish into thin air. Here’s what a user said concerning the project.

“RENQ Finance scam has a striking similarity to the ORYEN Network scam, where funds were collected for a presale and coin launch that never happened, and the organizers vanished into thin air. RENQ Finance, promoted by the same Indian websites, mostly Analytics Insights run by Ashish Sukhadeva, the supposed Entrepreneur of the Year in India, has followed the same modus operandi. The project collects money in the name of a presale, then disappears and reappears with a new coin, repeating the vicious cycle”.

Conclusion

There are still a lot of scam projects just like RenQ Finance coming up daily to take advantage of investors’ funds, this is why it is always advisable to do proper research before investing in any presales.

Don’t jump on presales when you know you have little to no knowledge of how presale works, the risks involved, and other vital things you need to know about presales.

FAQ

RenQ Finance Launch Date?

After the stage 8 presale round, the token launch on the 22nd of May 2023.

How To Sell RenQ Token

You can buy or sell RenQ finance on Dex or Cex which include Uniswap, Coinstore, LBank, MEXC, and BitMart.

What Blockchain Is RenQ Finance On?

RenQ finance token is built on the Ethereum Blockchain.