Title: Lending Platform ICO - 401(k) Principles Post by: cpass700 on December 19, 2017, 03:17:14 AM I came across https://www.kineticunion.io today. They seem to be an interested lending platform that will match lender's investments up to 75%. They are launching an ICO in less than 48 hours. What does everyone think about this? Too risky?
Title: Re: Lending Platform ICO - 401(k) Principles Post by: HabBear on December 19, 2017, 03:48:57 AM It's rules reek of ponzi scheme.
Here's what concerns me:
Stay away from this thing, it's rubbish. Any new investment idea that has a lock-in period is a classic ponzi scheme. They require the early investors to lock in their investment to buy time for more investors to join and then they take the funds and disappear before the lock in rate ends or once they believe they've maxed out the investments gained from the hype. Title: Re: Lending Platform ICO - 401(k) Principles Post by: cpass700 on December 19, 2017, 04:28:27 AM Interesting take on this and I agree with some of things you said. Locking in your money and getting paid from other's people money. One can say that company's are a huge ponzi scheme as well; They take your money and "invest it" and charge you and arm-and-a-leg if you withdraw sooner. Would you platforms such as bitconnect, hexacoin, usi-tech is a scam. I actually feel like all ICOs are scam, because they can disappear at anytime and there is nothing that can be done about it. I think I will take a risk as there is none like this. So far I'm still above water on investing in ICOs. I'm hoping that 1 investment will make it big for me.
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