Bitcoin Forum

I've been receiving email alerts of many ico that focuses on lending platform. I have doubt of investing on it. May I ask some guidance, cause like the famous bitconnect also crash , and many investors didnt make a return. May I ask is ico that offers lending platform still legit as of now?

I would just assume most are scams (99.9 percent) , they offer impossible rates that cannot keep going for an extended period of time.

Most are just a ponzi scheme, so don't trust these so-called high-return projects.
They can only last for a while. ;D

I have no idea how lending projects are going to work without having any guarantee taken for the coins being lent. In real world even with guarantees taken the banks aren't able to take the whole amount back than how are online platforms going to survive.

I will not made a conclusion that it is a scam, I will depend on someone who experience it already because with their experience we can make an analysis if it is correct or wrong so basically as far as I know this is legit.

Those who offer themselves exactly are intrusive and ineffective projects. Therefore, it is worthwhile to avoid these projects by the party, so as not to get into the ponzi scheme, otherwise you risk staying with nothing.