Hello friends! Do you ready for bitconnectX?
BitconnectX ICO Review- Is it a Scam? The BitconnectX ICO has recently been announced and is set to start on the 10th of January. What is BitconnectX? https://bitconnectx.co It’s a new platform being launched by the founders of the original program, full details of how it will work haven’t yet been announced but with so much money made on the original platform it will be sure to sell out quickly. The original BC platform launched a year ago, being the first lending platform ICO many people were skeptical that it could be a scam. However the price rose from as little as $0.5 during their token sale to now around $400 each! Giving early investors a huge return of 800x on their investment. It’s stated on their original roadmap that they’re planning to launch a fiat to crypto based exchange in May so many people are speculating that the new platform could be based around that, however full details will be announced shortly. The rise of cryptocurrency and ICOs Cryptocurrency has grown massively during 2017. The total market cap of all coins and tokens combined has now reached over $650 billion. Bitcoin is still the biggest with around 35% of the market, however many new currencies have also grown quickly. Many of these new cryptocurrencies have launched via an ICO, this involves the platform distributing their coins to early investors in return for capital to start or continue their projects. Many investors have seen huge returns with these types of investment this year and many now view it as a better way of fund raising for the platform over more traditional methods. The rise of BitconnectX and lending platforms The original BC platform was the first lending platform to launch, they claim to use sophisticated bots that trade the bitcoin and crypto markets and make profit based on the volatility of the coins. In return for investors lending them more capital to trade with they offer huge interest rates that work out to be around 1% per day. Recently many new competitors have launched but the original BC platform still remains by far the biggest. They currently state that they have over 1.5 million members which shows that there’s sure to be huge interest in the new token. They were also the fastest growing cryptocurrency during 2017, many find it unbelievable that Bitcoin managed to grow around 20x but BC grew a huge 800x from their initial token sale. Is it a scam? Despite the platform already being live for over a year some people still believe it to be a scam due to the huge interest rates on offer. Nobody can known for sure but personally I believe it’s legit, the volatility and gains of the crypto market have been huge during the last year which should allow for them to cover the interest. BitconnectX Conclusion Full details are still yet to be announced so it’s hard to draw a full conclusion yet. However with so much hype already surrounding the platform it should be a good calculated risk. Many of their competitors have shown investors a 100x return in less than a month, with BitconnectX being the original platform this figure could be even higher. All ICOs are risky though so please don’t invest more than you can afford to lose. The new website can be found here: https://bitconnectx.co
What do you think about it?