Bitconnect is so successful, they have over $700 million USD in marketcap.
I'm surprised no one is copying Bitconnect yet. It's too easy for some one to clone a proof of stake coin. Create their own exchange on their website that only they can control, sell their coin, and get people to lend that coin back to them. The bot they are using to automatically trade is called 'GunBOT'. What a genius idea from Bitconnect.
If someone were to copy Bitconnect's business strategy, they could easily rake in at least $400 million USD in marketcap in less than a year.
There are a lot of ponzi schemes out there, all banks run ponzi schemes including the UK's private bank Federal Reserve.
That's why Bitconnect cannot be shut down. Not to mention, people only lending them their own Bitconnect coin.
As long as people are not lending them the USD or the British Pound, it's not illegal for Bitconnect to operate their business scheme in the UK. You'll be surprised to find out that the UK is full of businesses operating ponzi schemes. That's because the central bank of the UK run on ponzi scheme. The central bank of the UK would be accused of being a hypocrite if they were to shut down the rest of other businesses that run ponzi schemes.
These are probably a few multi level marketing software developers those Bitconnect clones are using
http://www.mlmscript.inhttp://www.lbssoftware.comhttp://www.armmlm.com
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