ICO update - Falcon Coin is (partially) live

As previously posted, i'll be publishing regular updates on the progress of the two ICO's I put a small amount of money into. Check my review here if interested --->
https://steemit.com/cryptocurrency/@bjt34/battle-of-the-ico-s-how-you-can-pick-a-good-one

Falcon coin launched last week (albeit a couple of weeks after planned launch date) starting their lending platform. Like Bit-connect, they claim to use a bot to trade and pay users daily with interest of the fee that was lent to them. They then claim they will return the capital after 180 days (6 months). In the first 5 days of the lending platform they have paid out interest of 6.25%. IE - If you invested $100 you would have $6.24 returned to you as a USD figure (not coins) in a digital wallet. The exchange token trading platform is not yet live so the value of the coins has not changed, and ability to buy and sell them is not yet active. Its targeted for the 7th so we'll see if that occurs in a couple of days.

The biggest negative communicated by the users so far is the value of the the lending. IE - It occurs as a spot USD rate and is currently at the last ICO sell price of $1.05 USD. This has angered some of the community as the coins were purchased with bitcoin which has significantly increased in price in the same time. This has resulted in many people holding off lending until the exchange launches as their expectation is that the price per coin will increase and therefore, the lending rate will be significantly improved if/when it does.

On a side note - The other ICO I'm following (Cyber Miles) has sent a certificate to their users this week and an email advising that the Cyber miles tokens will be sent to users wallets this week, so also no price movement...

Therefore - Current investment return. Cybermiles - $0. Falconcoin - 6% of any funds locked into the lending program.