IdeaCoin ICO Review- Is it a Scam?

[bitcoininvestor]

The IdeaCoin ICO just started and is selling out extrmely fast with many investors looking to get involved in the lending platform token sales.

What is IdeaCoin?
https://ico.ideacoin.co/invite/danbitcoin1
They're launching a new cryptocurrency that can be used to make payments for goods and services or to transfer funds. The main aspect of the platform that will interest investors however is their lending platform which promises to pay users a huge 45% interest per month.

The rise of cryptocurrency and ICOs

Cryptocurrency has seen huge growth during 2017, the total market cap has recently soared over $200 billion, Bitcoin still leads the way with just over half the market cap and a coin price of over $8000. However this year has also seen many other coins and tokens quickly grow. This year has also seen a huge increase in the amount of money raised from ICOs (initial coin offerings). These token sales give start ups and businesses the chance to raise funds in return for distributing their coins to investors.

Lending platforms

One of the industries inside crypto that has shown investors the highest return has been lending platforms. Bitconnect was the first to have their ICO with their tokens originally sold for just $0.5, they've now reached nearly $300 each which has shown investors a return of 600x in less than a year. Many other lending platforms have recently launched and are growing just as quickly.
These lending platforms claim to be using trading bots that trade the Bitcoin and cryptocurrency markets and in return for raising extra capital to trade with they offer investors high rates of interest.
https://ico.ideacoin.co/invite/danbitcoin1
IdeaCoin Lending platform

The new lending platform will offer 6 different investment plans for users ranging from as low as $100 up to $100,000. The interest rate you receive will vary depending on the volatility of Bitcoin but should work out to be around 1% per day, you also receive additional bonuses the more you lend.
The interest will be paid directly into your wallets inside the platform, with your capital being released after a set amount of time which you can view on the website.

Additional ways to earn

IdeaCoin also plans to offer users the chance to mine or stake their currency. Mining will offer rewards in return for using your PC or graphics cards to mine the new cryptocurrency.
Staking simply involves holding your coins in your wallet, however the interest rate offered will be much lower than the lending platform.

Referral and Binary bonuses

As with many companies they plan to offer a referral program to attract new investors. They pay 8% on the first level with extra payouts down to level 7.
There's also a binary program, signing up under my referral link will earn you extra benefits once the lending platform starts:
https://ico.ideacoin.co/invite/danbitcoin1

ICO Details

The coins are currently available for just $0.9 each and increase as the token sale goes on. Please be aware that the ICO is selling out very quickly so get signed up asap. To purchase coins you simply need to deposit bitcoin into your account and then select your desired amount.

Is it a scam?

The amount of interest that these lending platforms has led some people to believe they're a scam. However Bitconnect has been around for a year now and other platforms are going strong. In a huge new market such as cryptocurrency I believe that the high rates of interest will be possible for a long time yet.

Conclusion

All ICOs are risky so please don't invest more than you can afford to lose. However, after making huge gains with Bitconnect, Regalcoin and Hextracoin I'm prepared to take the chance and view it as a good calculated risk.
The price of these lending platforms tends to soar as soon as they're listed on an exchange. By combining the profits from the lending platform with the increase in the price of coins it's possible to make huge amounts of money.
Signing up with my referral link will grant you instant access to the platform and extra profits from my binary bonuses:
https://ico.ideacoin.co/invite/danbitcoin1