Lending program news 2/12/18

In this edition of my lending platform news i will talk about the recent update to numiv, exit scam of loopx, bitai update, bifinite exchange, Thorncoin, and more. I like to share the programs im in and look for other opportunity in the lending space by searching the lending tag. However moving forward i will no longer post about upcoming ICOs as i have lost to much money recently. Unless things bounce back i will be at a loss. I have faith in thorn and bitai to come through.

First off numiv has been quite for sometime with its coin dying on stocks.exchange. Trading for pennies sadly. Numiv has been hard at work creating an entire new site. They look to start using it over what they are using now. If you haven't already make sure you sign up to numrewards.com if you a member of numivcoin.com. They are starting to transfer everything over from their first site to the second. Also they are introducing their downline finally. That 20$ you pay for one spot of referrals. Well they are still doing the same thing but they call it matrix postions. Saying you can earn up to 300% now for ever 20$ for 1 slot that equals out to 483 postions of referrals under you that can pay you 20$ BUT you must pay after earning $60 you must pay $20 again to get another slot. This concept is quite confusing and i dont find it sustanable. If you would like to read more about the NUMIV update and gather your own opinion. Read it here http://numivnews.com/article/42/13/REWARD-PROGRAM-DESCRIPTION-BENEFITS-

As posted before the dirty platform know as Loopx has exited. They out of nowhere after the first day of loaning payouts have deleted every form of social media and the site is down. The coin is going for a fractions of a penny. I think i got $2.50 for 250 coins. Where i paid 1$ a coin in the ICO. Because of lookpx i won't be getting into anymore lending programs. The space has become to risky for me. I will continue to buy great ICOs that im allowed to participate in like Refereum or VICE.

BitAI released a blog late last night. It said basicly in the beginning that they are not going anywhere. They infact do have a bot and due to the bull market the bot ai hasn't traded in several weeks. But the bot is learning and watching the markets. The bot will also never trade for a loss. But if the bot doesn't trade how do we make money. Well this is a great question they didn't answer in the blog. I am guessing those will just be 0% days we as a community will have to deal with. They are also changing the word lending around due to recent regualtions We will be loaning the token as traders. The bot will trade vs btc/bitai trade pairs. This gives the token its utility. BitAI looks to be around for awhile and they are quite honestly one of the most impressive lending platforms out there. Because they keep us updated they have shown us the bot etc.

Bitfinite has came out and said they will not be releasing their exchange today. We will have to wait another 2 weeks. This is for further testing and updates. They want the exchange to be ready and the best it can be before release. Also they won't be chaning anything when it comes to the word lending. This in my opinion is going to cause them to shut down in the near future because of regulations. My opinion but im selling off half my coins on the first day and selling off the rest if it hits 10$. Hopefully that will be on the first day.

Thorncoin has kicked out people due to regulation. You now must use a VPN to access the site if you want to use it if you are blocked out. They have also changed their lending platform. It is no longer a lending program but a staking program. Now having long term staking and short term staking. Where you will earn differently based on the program. Long term now locks up your funds for 180 days but you earnings are great compared to the short term staking program. Also you earn USD then convert to THRN in the long term. Just like any other lending program. I will be selling 100 coins and cointinue short term staking till the price rises on this one. I have the most faith in the company. I believe they are the next Regal/Davor as in the will reach 90-100$ a coin. This is my speculation but we will see soon. Exchange is suppose to open on the 15th. We will see if they get it open on time.

Libracoin isn't doing much the price is slowly declining and its really hard to sell as there are no buy orders. They are still giving pretty good rates. Staying above 1.5% a day. I hope they get on an external exchange soon so i can sell my 100 coins.

Thanks for reading and feel free to comment!