It's not a joke.
As you can see ,,legit" ICOs aren't doing well.
The resason is that they have huge caps (30m+), lots of shilling (Ian Balina) and crappy product that nobody really uses. Let me just name Mercury Protocol, Storm Token and Ripio Credit Network.
They are too greedy but naked. There is nobody to pump the price or even hold at at ICO level. Those morons are selling 2/3 of their ICOs in presales and private deals with bonuses over 100% (Storm lol token).
So what happens is just presale and other deal buyers are dumping these ICOs much lower the public ICO price.
Why scam ICOs?
Because at least the aren't pretending not being a scam!
Just look at ETHCONNECT (yes please use my reflink hehe):
https://ethconnect.net/ref/dawidrams
They don't even have a team listed! Black hat ICO, very vague.
But you know which ICOs this year were the most profitable?
BINGO! SCAMS!
VERITASEUM, POPULOUS, REGALCOIN ETC.
ETHCONNECT claims to be a Japanese project but even their translation in Japanese is done by google translate xD
They stolen somebody picture and used it as their ,,CEO".
There is an immense amount of red flags.
The more the better.
CAP of ETHCONNECT is only 6m USD and there are HUNDREDS of videos and blog post because you can register with a reflink (reminder hehe): https://ethconnect.net/ref/dawidrams
What is ETHCONNECT
Long story short it's (supposed to be hehe) a lending platform like Bitconnect (they just want copy it to ETH) or SALT.
What it will be is just a massive pump xD
Advantages:
- looks like a perfect SCAM
- beautiful website (I love Tokio!)
- tiny cap (6m)
- no all star team
- no team at all
- huge fomo
- no Ian Balina
- roadmap
- copying what is already working on BTC chain
ICO starts November 1.
I have my ETH ready ;)
Follow my Twitter for more scam picks: https://twitter.com/dawid_rams
ICO PRICE
Original Price of 01 Ethconnect (ECH) token = $ 0.5
Currency: USD
0 - 1 million token: $0.5 + Bonus 15%
Over 1 - 2 million token: $0.55 + Bonus 10%
Over 2 � 3 million token: $0.60 + Bonus 8%
Over 3 � 4 million token $0.65 + Bonus 5%
Over 4 � 5 million token $0.70 + Bonus 3%
Over 5 � 6 million token $0.80 + Bonus 2%
Over 6 � 7 million token $0.90 + Bonus 1%
Over 7 � 8 million token $1.00 + Bonus 0%