It’s entirely possible that investor funds will simply disappear. The LendConnect platform does throw up a number of red flags that make it a less than ideal lending platform. Firstly, the creators of the LendConnect platform don’t provide any details regarding who they are, and even state themselves that they are unable to prove that they are not a scam. In this article, we’ll be assessing LendConnect, a new lending platform “initial coin offering”. We’ll take a look at the LendConnect offering and examine the promises it makes to help you make an informed decision on whether it’s worth the risk.
With our experience and team we believe that LendConnect (crypto) is gonna be big! This is also the first ICO that combines all lending programs into one. You will be able to trade, stake and invest in programs that are considered lending programs on just one platform, LendConnect. Our platform will make it possible to buy every other ”Lendingcoin” with LCT. LendConnect is a lending platform that combines all lending platforms like GoldReward, Hextracoin and many other aswell as the ICOs connected to these platforms. You can lend, stake and trade LCT, an ERC20, Ethereum-based token.
The LendConnect ICO will launch on the 29th of November 2017, and will make 4 million LCT tokens available for four weeks. In the first week of the ICO, LCT tokens will be priced at$ 0.60 USD, moving to $0.75 USD in the second week, and $0.90 in the third. In the fourth and final week of the LendConnect ICO, LCT will be priced at $1.10 USD.
LENDCONNECT
LendConnect is a unique lending platform that combines all lending platforms like GoldReward, Hextracoin and many other aswell as the ICOs connected to these platforms. You can lend, stake and trade LCT like you are used to with other lending programs. LendConnect is a unique lending platform that combines all lending platforms like GoldReward, Hextracoin and
many other aswell as the ICOs connected to these platforms. While a lending platform may appear to be a good ICO investment opportunity, it’s essentially a variation on traditional high risk, high return managed investment funds. LendConnect is yet another cryptocurrency based lending platform that promises extremely high returns in a short period of time. This will be our first platform based on cryptocurrency.
We never reached the total amount of tokens we wanted to sell in the ICO, so we decided to cut the ICO short on December 12th, 2017. We gathered the funds we raised, and compared it to our roadmap. We sat days and nights to figure out what changes needed to be made. We built a smaller team, but brought on board only those that we knew will grind their teeth day and night. A 4% referral commission is paid on investment by personally recruited affiliates. EtherLink affiliates give the company’s anonymous owner ethereum on the promise of a daily 1.5% to 5% ROI.
LendConnect News
There is nothing more to add after discovering that EtherLink is the reboot of LendConnect. LendConnect collapsed in 2018 and before that, it made sure that every investor is skimmed for money. November 23rd, 2017 was the most frightening day of our lives. We launched our pre-sale at $0.5 per LCT token and allocated 1 million tokens.
[Alert] Use the author’s self-conducted information at your own risk, do you own research, never invest more than you are willing to lose. We received notification that LendConnect has rebranded to EtherLink as of March 19, 2018. Please make sure to read our review of EtherLink if you are curious about the ‘new LendConnect’ platform.
EtherLink Review: LendConnect ICO lending Ponzi reboot
CryptoSlate has no affiliation or relationship with the coins, projects or people mentioned on this page. Data is provided by CoinMarketCap and TradingView. Lending platforms are the latest craze in the initial coin offering ecosystem, and are currently launching in droves.
- Before we continue to talk about what is expected, we want to take a pit stop to say Thank You.
- We have a lot of interesting campaigns and partnerships coming up which we are sure will bring new investors to enjoy the services we provide.
- Less reputable HYIPs commonly use new investor capital to pay out withdrawal requests from legacy investors, which inevitably results in the collapse of the entire program.
- During the ICO, we started working on the new version of the platform.
- Collectively, we have over 25 years of experience in the crypto world and are all passionate about guiding people through the complex world of crypto investing.
They have registered the domain on Nov 14, 2017, they had only one week to build the system, it’s impossible. They’re using privacy protection to protect their information so we can’t see their address. For what should be obvious reasons however, the appeal of an exchange that primarily deals in Ponzi tokens is going to be limited. The only difference between EtherLink and the sea of ICO lending Ponzi clones out there, is plans to open a Ponzi token exchange.
Website Details
The company anonymous admins will leave once the platform collapses. EtherLink follows the simplest process for paying referral commission and it is restricted till Level 1. There is a 4% referral commission only paid for the personally recruited affiliates.
Full participation in the EtherLink income opportunity requires a minimum $100 investment. EtherLink has no retailable products or services, with affiliates only able to market EtherLink affiliate membership itself. The domain registration details were last updated on April 5th, 2018, which is presumably when the domain’s new anonymous owner(s) took possession of it. The global crypto market cap is $1.17 trillion with a 24-hour volume of $30.91 billion.
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November 28th, 2017 was round 1 of the crowd-sale. Investors were able to purchase tokens at $0.6 per LCT. December wifedoge chart 2nd, 2017 was round 2 at $0.75 per LCT. December 7th, 2017 was the last round of the ICO at $0.9 per LCT.
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Lending ICOs operate in a similar manner, but instead of asking investors to directly deposit capital, they instead present the platform as an initial coin offering opportunity. Purchasing tokens on these platforms functions in the same way as depositing funds into an investment account. During the ICO, we started working on the new version of the platform. We knew we needed a solid platform that was stable and secure, different from the other platforms. We didn’t know if to release the new version or wait until the ICO was over. Let’s show our investors we are dedicated and committed.