The Eth connect platform is having their ico starting November 1st and ending November 30th. This program is just like bitconnect or more recently we saw regal coin go to $90 dollars. These platforms all offer lending, staking and mining. Personally we will put $40,000 into this program. Ethconnect is scheduled to sell 8 million tokens. The starting market cap will be 8 million dollars, but since people will probably sell at $20 dollars at first, the market cap will go to 120 million dollars just to start out. This coin will probably start out at 20 dollars each after the ico. And that’s just the beginning. At any one time there is over 700 people on their web site, it tells you how many people are on their website. They are using a program some code on their site to show you how many people are on their website. Much like we do. I believe with the $40,000 I invested if I can actually buy that many eth tokens I will be able to make over one million dollars. Maybe even three million dollars. However with Hextra coin I couldnt buy that many tokens because when the token sale alert went off and you tried to buy tokens the site would get jammed up and stop working. Almost like a DDOS attack and even with their cloudflare protection it would show an offline site.
After users buy Ethconnect for $0.50cents to $1.00 during the Ethconnect initial coin offering starting November 1st, it will go on the market at the price these users set it at on the first exchange it will be on. This is probably going to be set at $20 right from the start and will soon grow to $25 and $40 just like regal coin did. Who expected a jump with regal coin to $90? Just a few months ago I was thinking they have a lot to prove if they want to be trusted and now look at them. And Ethconnect has an even better looking platform and is getting hit with hundreds of thousands of hits. Whether people like it or not ethconnect will be a platform to beat. Even if I do not get in at $1 during the ICO I will definitely buy at least $40,000 at $20. I will wait a few months or even a year for this to go past $150 just to get a few million dollars out of this.
Ethconnect is like bitconnect in the sense that it is a lending platform, some say an elaborate ponzi scheme they a lot of people may not be happy with. The kind of people that are not happy with this type of platform are the people interested in blockchain technology the programmers behind different projects and those wanting cryptocurrency to keep a good name for itself. There are many programs like bitconnect such as western coin, hextra coin, ethconnect and I am probably missing a few. They have all done well because people like the ease of use, the ease of lending and staking.
Lending with ethconnect means that you can gain a guaranteed daily profit rate of something like 0.35% per day up to 1.30% per day. It tells you exactly how much you can make per day the day before. It locks in the rate.
Staking is another form of cryptocurrency mining. It is called POS for short. You get dividends for holding your ethconnect coins in a desktop wallet that is on twenty four hours a day. So you will notice that sudo famous youtubers like craig grant do commercials and show their exodus wallets filled with bitcoin. They got that bitcoin by selling their dividends of bitconnect coin that they got from staking bitconnect. It’s very simple. There are tons of ways to make money with this type of platform and there are now a few players in the game. While we saw a drop on bitconnect because the price of regal coin was going up, this is to be expected. When new coins go on the market with the exact same strategy the biggest will lose some steam. I believe bitconnect has been manipulating their own market for awhile, it constantly goes up making money for traders who do not use their lending service. I believe they skim off the top to take profits for their self when they dump their portion of bitconnect coin. So it even makes money when trading.
Ethconnect will work the same way, it just depends how much they might skim off the top. I believe there is no premine to this. So the company will have to make their coin just like we do by purchasing it with bitcoin. ICO’s a lot of the time work just like in the movie wolf of wall street except it’s no longer back room deals for pre sales the companies can do it right out in the open and no one would ever know the difference in this mostly unregulated territory.
In the last few weeks this journalist bought 7BTC worth of bitconnect at $212 and sold at $223 for a profit of 3 BTC. It will work the same way with Ethconnect you’ll be able to trade it and capitalize on every part of the service.
This just goes to show the demand is high. At any one time, there are over 500 people signing up on the site for the Ethconnect. Ethconnect is made by a company from Japan.
For more information and to sign up for Ethconnect click here.