how genuine is ICO Lending why have companies faltered and closed shop

[Rocky69]

Few days back their was craze for companies offering 42 to 28 %  through lending platform.  but with the fall of big guns like BIT Connect, Davor Coin, BTE, BCC cash ,NEO Connect ,Ethconnect  etc investors are wary about ICOs offering lending program . want to have an idea why lending ICOs have  failed , were they scams or they failed on account of regulations

[TheUltraElite]

Few days back their was craze for companies offering 42 to 28 %  through lending platform.  but with the fall of big guns like BIT Connect, Davor Coin, BTE, BCC cash ,NEO Connect ,Ethconnect  etc investors are wary about ICOs offering lending program . want to have an idea why lending ICOs have  failed , were they scams or they failed on account of regulations

These were all scams or disguised ponzi/HYIP/MLM schemes. Everyone who invested early and got out early made some profits. There have been many youtubers who promoted them simply to drag newbies as their referrals into them as well. Those people are the lowest level of scum in this universe.

Anyway invest in these at your own risk. None of them are legit lending platforms.

[nydiacaskey01]

Few days back their was craze for companies offering 42 to 28 %  through lending platform.  but with the fall of big guns like BIT Connect, Davor Coin, BTE, BCC cash ,NEO Connect ,Ethconnect  etc investors are wary about ICOs offering lending program . want to have an idea why lending ICOs have  failed , were they scams or they failed on account of regulations

No idea about their lending platform because they claim that you can invest and it will be used in their lending business but funds are locked-in for almost 1 year. About their trading price, I think only Binance listed BCC aside from their internal trading platform. The price growth of BCC is not organic because of the referral scheme. Without the referral scheme I don't think the price of BCC will not even reach 10% of their ATH price.

[Semleho]

If fraud, why many people borrow always liquid. Failed to borrow may be for other reasons. such as terms, rules and agreements. Now the important thing is how you can borrow. You should be able to comply with the rules and requirements to be trusted by the media.

[Patatas]

Few days back their was craze for companies offering 42 to 28 %  through lending platform.  but with the fall of big guns like BIT Connect, Davor Coin, BTE, BCC cash ,NEO Connect ,Ethconnect  etc investors are wary about ICOs offering lending program . want to have an idea why lending ICOs have  failed , were they scams or they failed on account of regulations

To sum it all up in a single line : People are fuckin greedy and to not be trusted.Those companies failed terribly because they tried to use the traditional lending methods and put it on the chain hoping a decentralised network would change the way scammers think about loans.It is almost virtually not possible to distribute free money when other party doesn't hold anything worthy as a collateral.

I can give you an example of one of the lending services called Get-line loans.I invested 0.05 and never ever got the money back.It is not their fault completely but it is just never going to work out.

[motoprose]

All of these sites you listed I heard about two weeks ago being ethconnect/neoconnect and they folded already?
This just goes to show you that cryptolending platforms do not work.

As soon as bitconnect died being the first big one to gain a very large following then came davor coin you just knew it was going to scam all their lenders.
It was seen just because they came out with a similar model as bitconnect and I think from what I remember it was created by the early investors from bitconnect if I am not mistaken.
So that right there should of told those people who invested that these guys were up to no good.

Now the major promotors are going to court for bitconnect.
Maybe they were just doing a last call to get enough money to cover their lawyers fees.

[Patatas]

All of these sites you listed I heard about two weeks ago being ethconnect/neoconnect and they folded already?
This just goes to show you that cryptolending platforms do not work.

Not when your end customers are money thirsty customers from the third world countries who don't intend to pay back loans.

As soon as bitconnect died being the first big one to gain a very large following then came davor coin you just knew it was going to scam all their lenders.
It was seen just because they came out with a similar model as bitconnect and I think from what I remember it was created by the early investors from bitconnect if I am not mistaken.
So that right there should of told those people who invested that these guys were up to no good.

Bitconnect was a Ponzi since day 1.Anyone who didn't realise it fell for the scam and then should have no regrets as community had warned them which was taken very lightly.It's not the company's fault,it's the idiots who fall for anything around here.

Now the major promotors are going to court for bitconnect.
Maybe they were just doing a last call to get enough money to cover their lawyers fees.

The case isn't going anywhere last I checked.