Bitfinite news! (good news)
Bitfinite has posted some news regarding the lending platform that will start in 2 days and 6 hours from now:
1 . "Every coin purchased in the ICO (within a price range of $0.75 to $1.15) will already be worth $6.00 in our lending program! "
This one is very good because its mean you already score about 6X your money but only if you do a loan. I for one would rather hold the coins some more time before doing a loan because I think it will go much higher then 6$ when the exchange will be up.
2 . "We will maintain this price until the exchange launches, at which point the lending value will be equal to the value on the exchange.
We have chosen this price because we believe it's a fair starting price along with the token return."
As I've said before, 6 $ is a good starting price for the exchange. This was also the case with davor coin when it first come out.
3 ." The first 1000 investors that lend will get their full principal back in BFC (The original amount of BFC you invested), not in $. "
This is great because by the time it will take for your loan to bounce back the coin value will probably moon and you it will be much more profitable then the usual stuff all the lending platforms do which is to give you only your $ lend value back.
4 . " In addition to that, the first 500 investors that make a loan will be able to terminate their loan after a period of just 60 days!"
This is a new thing that this lending plaform is doing which I dont know if its healthy to the program but I suppose that on those 60 days the intrest will be high enough to prevent people from canceling the loan anyway,
5 . "Our web staking pool will be live by the 26th. So you can start staking by then!"
It cool that the offer this kind of thing so early and they learn it from davor but its not a bad thing, Coping stuf from successful companies can bring you success.
6 . "More news, regarding the Exchange, our promotional activities, lottery platform and Market place will be released soon."
We already know that the internal exchange will open on the 29th january but its good to know that they are working also on that lottery platform and the market place that they've promised.
Crypto maniac out
Bitconnect is already back?...hahaah, wow.
This would have excited me 2 months ago, but we have all seen what happened with Bitconnect. Regardless is Bitconnect was a ponzi scheme or not, it was still getting cease and desist letters. This is going to happen with most if not all lending platforms. Don't get me wrong Bitconnect was fun, but if your going to invest in another like that, then well....just don't lol. If you really think about it, how can they continue to give free money unless it was a constant Bull market? Anyways you might make a ton of money and prove me wrong, but smells like a scam to me. Good luck either way man!
https://steemit.com/crypto/@keepinitreal/what-crypto-are-you-holding-non-promotion-poll
Not all lending platforms are scams. Ethlend is legit p2p loans.
I never said they are for sure, but when something sounds way to good to be true, it usually is. It could be the greatest thing ever and i miss out, i just want newcomers to be careful. That's the fun part about Crypto though, is the FOMO i guess.
Im already invested here before bitconnect so im already in. So this post is more too update those who is already in too. Im dont really trust new lending ico, but ill give this one the benefit of the dought. All they need to do is to make some right descisions
Good idea. Let’s borrow shit then lose all our money.
I don't like lending coins and don't plan to change that. Most of them are ponzis. Better to focus on legitimate ICOs that can 100x and still be around 5 years from now
Interesting oren.. I lije to visit it but not much clear from your post.. Looking forward more from you
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I don't want to be in anything bitconnect like. Was reading the comments, and agree there are better opportunities out there.
Nice! But personally I think it will end as bitconnect did it is just not really sustainable to hold that big % daily... But I am in it and seeing that my tokens will worth 6$ already is amazing! For me it is not about lending just about hoping the coin gets pumped and then taking REGULAR profits .