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Title: The collapse of BitConnect is a warning for multi-level Lending models Post by: digdig on January 21, 2018, 10:13:36 AM Bitconnect was launched in November 2016, becoming one of the most successful ICOs in history with a value increase more than 3,000 times in a year. From the starting price of the ICO is $ 0.12, by the end of 2017, BitCon has reached a record level of nearly $ 400 per coin.
Unlike Bitcoin or other cryptocurrency, BitCon is not meant to solve existing problems, nor does it have breakthrough technologies. Bitconnect was created to help investors make money through a form of block lending called the Lending Platform and Multi-Level MLM on the blockchain platform. |