Lendconnect (LCT) is one of the latest lending platforms to hit the exchanges. The LCT coin is currently available on CoinExchange. Since hitting the market at $3.17 on January 12th, 2018, Lendconnect has seen a considerable rise in valuation. LCT is currently trading at over $27 per coin.
One factor contributing to the demand for the coin is the limited supply. There are only 4 million total LCT coins in existence; 3.5 million available coins and 500,000 coins reserved for the Lendconnect team. Another reason may be the combination of programs that the lending platform aims to provide; lending, support communities for traders, and an exchange with multiple coins. Above all, what may separate Lendconnect from all of its competitors is its intended rates, offering customers up to 5% interest daily. Lendconnect aims to be the lending platform that enables the exchange of alt coins (including other notable lending coins), all while providing the highest percentage payouts to customers in the industry.
One thing is clear in the cryptocurrency lending sector: A lending coin is only as valuable as the community that supports it. LCT seems to have a clear idea of this concept and is working proactively to create a sense of community among its users. As with any company, its long-term success is ultimately tied to the quality of its services and products.
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-Gooddeeds
This is not financial advise. The cryptocurrency lending sector is a continually growing sector within the industry. From my perspective, this sector is no more or less legitimate than the financial sectors that exist in the traditional markets. I look forward to continuing to provide more news and information related to the sector and cryptocurrency in general.