Bit Connect Finally gets Delisted from all Crypto exchanges !!!

in #crypto6 years ago

Crypto Exchange Trade Satoshi Bids Bitconnect Farewell

Bitconnect, crypto's now most infamous pyramid scheme, used to be a hot topic of discussion within the crypto sphere, with everyone having something to say about the project.

For those who are unaware, although the platform's business model obviously resembled a classic pyramid scheme
(1% daily rewards, referral commissions etc) many naive individuals still fell victim to the unrealistic gains that were touted in advertisements from the firm itself, while also trying to convince others to invest in the Bitconnect scheme.
Evidently, there were other individuals that took to social media platforms to shout from the roof tops that the "investment platform" was a scam.

Eventually, the India based firm fell apart with the firm behind the project failing to pay out the promised returns 'and subsequently issuing an announcement to divulge that the '"service'" it provided would be coming to an end.

But even after the project was formally classified as a scam, many lesser known exchanges still offered support for months even after the BCC tokens,the native crypto asset of the now defunct Bitconnect ecosystem. were declared a scam. The last of the hold out exchanges was most notably Trade Satoshi.

Trade Satoshi, a lesser known, yet popular altcoin focused exchange, announed in August that it would be delisting BCC come September 10th. With Trade Satoshi now delisting and deactivating the BCC trading pairs, now puts it a daily volume figure of Zero.

Bitconnect however still has not been delisted from Coinmarketcap, one of the foremost sites in the cryptosphere, in spite of the project being deemed as a scam for over 7 months now.

As the Next Web went on to note, it isnt cut and dried, as BCC trading pairs still pop up from time to time, but are often on shady exchanges with questionable pasts. Regardless, it has become clear that the scam and its native cryptocurrency have finally bitten the dust, more or less

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Good article ! subscribed to you and I hope for a mutual subscription

Good article ! subscribed to you and I hope for a mutual subscription

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