What Do You Think About Lending Coin Platforms?

[cryptounite]

Lending coin platforms are like wildfire these days. They attract people like honeycomb attract bees.

Of all the Lending coin platforms, I have found Gold Reward Coin(GRX Coin) as much better than any other lending coin.

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[hatuey]

I would rather not risk my money to that degree. All it takes is some big fud to lose it all on a platform. Say bitconnect, regalcoin, salt or any of those was cracked open and exposed as a ponzi and all similar platforms become exposed by default too.

[IlfarIldarovich]

need to know what projects to support ,you can run into fraud and then stay with nothing

[cryptounite]

I would rather not risk my money to that degree. All it takes is some big fud to lose it all on a platform. Say bitconnect, regalcoin, salt or any of those was cracked open and exposed as a ponzi and all similar platforms become exposed by default too.

But they are still working

[cryptounite]

need to know what projects to support ,you can run into fraud and then stay with nothing

That's a very high probability in this case.

[MyOddz]

I've yet to see anything which says they will compete with companies in the fiat currency world.

[SM23031997]

GRX - Everything looked fine to me until I saw that 8% affiliate commision and 1.1% daily on your Investment. Seriously?? How??
Days Will come when they also book some loss but they pay 1.1% as they promised it to people. For me, GRX is a scam for sure but Can't predict anything about it's running duration as People love to take risk and Love to invest in schemes that are too good to be true.

Sorry about that but it's Up to 1.1% daily, quite possible in the world of cryptos and tokens. Still, that 8% affiliate commision triggering my mind. Can't say how legitimate the site and project is but looks good on paper. I will never ever Invest in this as after seeing everything and evaluating every aspect of this GRX it looks more likely to be a ponzi scam to me

apoub coin - Nothing on that site to shout that we are legal. Only project information is available on the site, no information about the project team is there. Just like GRX, I will put it in the same category with GRX.

[mekar sari]

I'm not too sure about lending, I prefer to see coins that move naturally like BTC, ETH, WAVES, and some other coins.
I see lending like instant money and can be very risky

[BartS]

I would rather not risk my money to that degree. All it takes is some big fud to lose it all on a platform. Say bitconnect, regalcoin, salt or any of those was cracked open and exposed as a ponzi and all similar platforms become exposed by default too.

But they are still working

Until the day they wont, that is the way people get scammed, at first everything seems right and you get your payments and then they disappear and you lose money that is very common among HYIP, I'm not saying this is a scam but it is a risky investment as anyone that knows anything about crypto should know that lending and investing in icos are two of the most risky things you can do.

[buytheeffinD]

I would rather not risk my money to that degree. All it takes is some big fud to lose it all on a platform. Say bitconnect, regalcoin, salt or any of those was cracked open and exposed as a ponzi and all similar platforms become exposed by default too.

Dude WTF are you smoking? Bitconnect and SALT are two vastly different things. One is a clear ponzi scam in which you get the next person in so you can make money (Bitconnect) and the other is a legitimate platform (SALT) in which has been vetted so USA investors were allowed and had strict KYC AML procedures before you could get any. Putting them in the same sentence is going to give people the wrong impression.

Bitconnect=Ponzi
SALT=Legitimate

But don't take my word for it look into both and see for yourself.

[NoiseBoy]

Lending coin platforms are like wildfire these days. They attract people like honeycomb attract bees.

Today, an ICO of one more lending coin has started.

Apoub coin, which is exactly the same copy of regalcoin, not only the working but also the website and the coin logo are almost exactly the same as regalcoin.

Regalcoin was quite successful, and it reached about 100$ from the 1$ ICO price.

Of all the Lending coin platforms, I have found Gold Reward Coin(GRX Coin) as much better than any other lending coin.

So are you guys going to participate in Apoub coin's ICO or will you avoid it?

Or you just don't believe in lending coin platforms?

First of all, no, I absolutely will not be participating in the ICO. Second, there is a market for coin lending and liquidity, but it's in such a premature state currently that I wouldn't risk it. You need a decentralized platform for it to be trustless. Current iterations potentially expose the user to exit scams.

[cryptounite]

I've yet to see anything which says they will compete with companies in the fiat currency world.

In the lending world or the whole cryptocurrency world?

[cryptounite]

GRX - Everything looked fine to me until I saw that 8% affiliate commision and 1.1% daily on your Investment. Seriously?? How??
Days Will come when they also book some loss but they pay 1.1% as they promised it to people. For me, GRX is a scam for sure but Can't predict anything about it's running duration as People love to take risk and Love to invest in schemes that are too good to be true.

Sorry about that but it's Up to 1.1% daily, quite possible in the world of cryptos and tokens. Still, that 8% affiliate commision triggering my mind. Can't say how legitimate the site and project is but looks good on paper. I will never ever Invest in this as after seeing everything and evaluating every aspect of this GRX it looks more likely to be a ponzi scam to me

apoub coin - Nothing on that site to shout that we are legal. Only project information is available on the site, no information about the project team is there. Just like GRX, I will put it in the same category with GRX.

Yepp, you could say that GRX is the best of all those projects.

About commissions and daily returns, they say they trade with the lent money. Now 1% and 8% referral returns, in the crypto world, I would say it is possible, but for how long, I could not say that.

[cryptounite]

I'm not too sure about lending, I prefer to see coins that move naturally like BTC, ETH, WAVES, and some other coins.
I see lending like instant money and can be very risky

I am sure that it's quite risky. But any crypto investment sounds risky to me. Except for BTC.

[illiki23]

It depends on the platform.

Any which 'guarantee' some percent profit is going to be a ponzi scheme.  There are legit ones out there but won't be making absurd claims.

People can make a quick buck with HYIP programs but it really is gambling and in the long run the odds are stacked against you.

[cryptounite]

I would rather not risk my money to that degree. All it takes is some big fud to lose it all on a platform. Say bitconnect, regalcoin, salt or any of those was cracked open and exposed as a ponzi and all similar platforms become exposed by default too.

But they are still working

Until the day they wont, that is the way people get scammed, at first everything seems right and you get your payments and then they disappear and you lose money that is very common among HYIP, I'm not saying this is a scam but it is a risky investment as anyone that knows anything about crypto should know that lending and investing in icos are two of the most risky things you can do.

You are absolutely right. But if they work for more than 3 months, that is enough.

As most of the lending time is for 3 months or 100 days.

In that time, people can get quite good returns, and if they lend again, that's extreme greed, and extreme risk, in that case, they should not worry about getting scammed.

[bittrextrouble]

Lending coin platform can be very lucrative.

I guess choosing the right honest company which also is good at protecting themselves for hacking is important.

So far i am in SALT.

[Muhammad Muneeb]

 i dont really believe on these lending coins and i don't invest these icos when they hide the faces behind these projects so might be it is just  a scam

[cryptounite]

I would rather not risk my money to that degree. All it takes is some big fud to lose it all on a platform. Say bitconnect, regalcoin, salt or any of those was cracked open and exposed as a ponzi and all similar platforms become exposed by default too.

Dude WTF are you smoking? Bitconnect and SALT are two vastly different things. One is a clear ponzi scam in which you get the next person in so you can make money (Bitconnect) and the other is a legitimate platform (SALT) in which has been vetted so USA investors were allowed and had strict KYC AML procedures before you could get any. Putting them in the same sentence is going to give people the wrong impression.

Bitconnect=Ponzi
SALT=Legitimate

But don't take my word for it look into both and see for yourself.

Yepp, they are quite different platforms.

[BartS]

I would rather not risk my money to that degree. All it takes is some big fud to lose it all on a platform. Say bitconnect, regalcoin, salt or any of those was cracked open and exposed as a ponzi and all similar platforms become exposed by default too.

But they are still working

Until the day they wont, that is the way people get scammed, at first everything seems right and you get your payments and then they disappear and you lose money that is very common among HYIP, I'm not saying this is a scam but it is a risky investment as anyone that knows anything about crypto should know that lending and investing in icos are two of the most risky things you can do.

You are absolutely right. But if they work for more than 3 months, that is enough.

As most of the lending time is for 3 months or 100 days.

In that time, people can get quite good returns, and if they lend again, that's extreme greed, and extreme risk, in that case, they should not worry about getting scammed.

At the end it is your decision, if you feel comfortable with your investment that is fine, but you must not forget that Bernie Madoff run  a ponzi for decades and many people lost their money, so how long a site has been online and being able to pay its customers is not proof in itself they are legitimate business, I would not invest in such a project but that is because I'm risk adverse, the more risky investment in all my portfolio are my bitcoin holdings.