HomeBlockCoin ICO Review- Scam?

[bitcoininvestor]

The HomeBlockCoin ICO goes live in just 2 days with 5 million tokens going on sale.

What is HomeBlockCoink?
https://homeblockcoin.com/u/danbitcoin1
They're a new decentralized cryptocurrency that can be used to make payments for goods and services or send funds to friends and family. However the main part of the project that investors will be interested in is their lending platform which offers investors the chance to earn up to 45% interest per month return for lending the platform funds

The rise of cryptocurrency and lending platforms

The cryptocurrency market has grown massively in 2017 with the total market cap now reaching over $190 billion, Bitcoin still leads the way and is valued at over $7000 per coin now but there's also been a huge rise in the value of other cryptocurrencies such as Ethereum.
There's also been a huge rise in the amount of ICOs (initial coin offerings) this year, with over $2 billion now being raised during 2017 alone. Many start ups and projects now prefer to use this method of funding over more traditional methods.
Among this rise of cryptocurrency has brought new industries into crypto, there's been a lot of lending platforms get started during the year, Bitconnect leads the way with a market cap now of $2 billion. Their tokens have increased in value from just $0.5 to over $200.

How does HomeBlockCoin work?

They state in their whitepaper that they use a trading bot that trades on the volatility of bitcoin, due to bitcoin being so volatile they state they can make high profits every day. In return for investors lending them money through their lending platform they offer high rates of interest in return.
To get started you simply need to sign up to the platform, fund your wallet with bitcoin and then you'll have the chance to purchase their new tokens. Once the ICO is finished the lending platform will go live, leaving you to select a loan option.

Lending platform

The new platform goes live when the ICO is complete on the 23rd November and will offer 4 different lending options ranging from as little as $100 all the way up to $100,000, interest from your loan will be paid every day directly to your wallet:

[*]$100-$1,000: You'll receive interest based on the volatility of bitcoin which should be around 1% per day, your capital is returned after 239 days.
[*]$1,001-$5,000: You receive the volatility interest with an added bonus of 0.15%, your capital is returned after 179 days.
[*]$5,001-$10,000: You receive the volatility interest with an added bonus of 0.25%, your capital is returned after 120 days.
[*] $10,001-$100,000: Yo receive the volatility interest with an added bonus 0.3%, your capital is returned after 99 days.

The platform also offers a bonus for lending during the first week that it's open, a 0.15% bonus will be applied to all loans.

Referral Bonus

As with many businesses the new platform is offering users the chance to earn with their referral program in return for bringing new investors to their website. They pay commission all the way down to level 7, you'll receive 8% on any loans that your level 1 referrals make. Unlike their competitors they also offer an additional benefit of paying a fixed % of the amount that the user makes from their loan too, you also receive 5% of the interest that they receive.
Signing up with my link below will allow you to sign up straight away:
https://homeblockcoin.com/u/danbitcoin1
Mining and Staking

HomeBlockCoin also plans to offer users the chance to mine their coins, once the blockchain is live you'll be able to download their software and start mining, any tokens you mine will be paid directly to your wallet.
They also offer the chance to stake their coin by downloading a special wallet, doing so will earn you 10% interest per month initially, with the interest rate declining after the first 6 months.

HomeBlockCoin ICO Details

The website will release 250,000 coins every day from the 4th until the 23rd of November, the price will initially be just $1 for the first 2 days and will be variable after that.

Conclusion

ICOs are incredibly risky so make sure you don't invest more than you can afford to lose. This does however seem like a good calculated risk. Their competitor Bitconnect saw gains of 500x in less than a year, if that's combined with the lending interest then the gains could be around 1000x, making it a good calculated risk in my opinion.
They also have a far better designed platform than most of their competitors which will be sure to attract investors and a referral program that beats any of their competitors also.
Signing up with my link below will grant you instant access to the website:
https://homeblockcoin.com/u/danbitcoin1