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RE: The BitConnectX ICO CountDown has started, only 1 day to go...tick tock.....

in #bitcoin8 years ago

ButConnect is not an exchange like Bitrex, binance and so on. Yes you can exchange bitcoin into BitConenct, but thats it as far as i know. And as its been described in a fraud claim from the state of texas its a "service" where you exchange bitcoin for Bitconnect that you lend back to the service at a promice to get a up to 40% gain back and the more you buy to lend back, the higher pr day % you are promised back. And what me and other question is why the company or service provider need others to buy and led them back the coins to be used for speculation on the market. When they whould get more by speculation with theyr own. (unless they need to get mony first that is gained from people "giving them" bitcoin.

I whould say there is more then enough cryptos on the market to invest in then the once that seem questionable. But Time wil tell. Regardless, I whould be carefull with this one as its another BitConnect coin.

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you probbably know by now, but still, Here is some proof: https://steemit.com/cryptocurrency/@cryptomonitor/bitconnect-is-dead-its-lending-and-exchange-platform-shutts-down-omg-it-s-over

So even if BitConnectX is starting. Few wil trust it.

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