The price of BCC tokens has dropped below $10 USD, from the all-time high above $430 USD.
People who used the site, found that their lending wallets disappeared and they were given a distribution of BCC tokens as recompense. These BCC tokens were meant to be the fair market value of their lending wallet holdings, but because all the coins were released and the ponzi is over, the valuation of the tokens decreased significantly on the markets for anyone looking to recoup what they invested using the BCC tokens they were given.
Now that the first ponzi from bitconnect has gone belly up, they intend to start a new ponzi operation, funding it with an ICO. From an article on their website:
"For next 10 days we are allowing members outside the U.S.A, to participate in the BitConnect X ICO with BCC at $150. This is to support existing coin holders and give the BCC coin some initial stability after these recent events."
While I am not completely informed about this new round of fleecing investors, it does sound like they are trying to overcharge for a new platform token which will be a completely new ponzi operation.
Just when we thought it was over, all the BCC YouTubers will have a whole new way to operate their BCC pyramid ponzi schemes. We can hope that this new BCC platform remains below the top 100 cryptocurrencies.
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