SFICoin ICO Review- Is it a Scam?

[bitcoininvestor]

The SFICoin ICO is scheduled to start in less than 24 hours, with the coins going on sale for just $0.1

What is SFICoin?
https://sficoin.co/ref/danbitcoin1
They're launching a new cryptocurrency similar to bitcoin that can be used to make payment 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 investors a huge rate of interest up to 50% per month.

The rise of cryptocurrency and ICOs

This year has seen a huge rise in the price of cryptocurrency, the total market cap is now well over $200 billion, bitcoin still dominates the market with just over half of the total market cap and a coin price exceeding $8,000. However many other currencies have recently grown quickly too. There's also been an increase in the amount of ICOs (initial coin offerings), these sales allow start ups or businesses to raise funds in return for distributing their coins or tokens. Many now believe this to be a better way of funding compared to more traditional methods.

Lending platforms

One of the industries in crypto that has seen the biggest gains so far this year has been lending platforms, these businesses offer investors high rates of interest in return for lending them money. They claim to use trading bots which trade Bitcoin and other cryptocurrencies and in return for giving them more capital they offer investors a high rate of interest.
Bitconnect was the first to launch their ICO and they've since seen their coin grow from just $0.1 to $300. Recently more platforms have started their token sales and also seen their price grow quickly.

SFICoin Lending platform

The new website claims that investors will be able to make up to 50% interest per month. This money will be paid directly into your wallet every day. They offer 5 differend lending options from as low as $50 up to over $100,000. Your capital will be locked for a set amount of time, you can check the full details on their website:
https://sficoin.co/ref/danbitcoin1
ICO Details

The coins are initially going on sale for just $0.1 so it's best to get in early.

Conclusion- Is it a Scam?

Due to the high rates of interest that crypto based lending platforms offer some people believe them to be ponzi schemes, however so far Bitconnect has already been running for over a year which is longer than most platforms offering such high rates of interest should last.
All ICOs are risky however so please don't invest more than you can afford to lose.
I personally view these types of investments as a great calculated risk and have recently been investing in all of them. The price of the coin tends to go up 10-15x as soon as it's listed on an exchange.
By combining the lending profits with the increase in coin value it's normally possible to make very high returns.
Sign up with my link below to gain instant access to the platform:
https://sficoin.co/ref/danbitcoin1

[SohailAwan]

100% scam, read their whitepaper

[CryptoLending101]

Compare SFICOIN to other Crypto Lending Platforms at https://cryptolending.review