LendConnect ICO Review- Is it a Scam?

[bitcoininvestor]

The LendConnect ICO is set to start tomorrow with early investors getting the chance to purchase for just $0.5.

What is LendConnect?
www.dashboard.lendconnect.io/ref/danbitcoin1
They're launching a new decentralized cryptocurrency that can be used to pay 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 high rates of interest in return for lending them capital.

The rise of cryptocurrency and ICOs

Cryptocurrncy has risen quickly during 2017, the total market cap combined is now $250 billion. Bitcoin still leads the way with just over half the market and a coin price of over $8,000. However this year has also seen other cryptocurrencies grow quickly.
We've also seen the popularity of ICOs (initial coin offerings) increase massively, an initial coin offering offers start ups or businesses the chance to raise capital in return for distributing their tokens to investors. These token sales have seen many investors make huge returns and given the company a great chance to raise initial funds. Many now believe this form of funding to be better than more traditional methods.

Lending platform growth

One of the most popular platforms to launch in cryptocurrency this year has been lending platforms. These businesses claim to use trading bots that trade the cryptocurrency markets and in return for lending them more capital they offer high rates of interest in return.
Bitconnect was the first to launch, offering their tokens for an initial rate of just $0.5, they've since seen their tokens rise to nearly $300 each. Recently many other platforms have launched in the niche, Regalcoin and Hextracoin launched in the last month and quickly saw their coins increase from less than $1 to above $40 each.

LendConnect lending platform

The new platform offers investors the option of 4 different lending packages depending on how much they wish to invest. The lowest amount possible is just $100 and goes up to $50,000.
You receive extra interest rates for bigger loans with your capital being released earlier too. Once you've chosen a lending option you'll receive interest paid directly into your wallet every day.

ICO Details
www.dashboard.lendconnect.io/ref/danbitcoin1
There's a total of 6 million coins going on sale, the initial price will be just $0.5 per coin. The price increases by 10 cents during each round, making it much better to get in early if possible.

Additional ways to earn

They also state in their whitepaper that they'll be offering the option of staking the coins, this will earn you 10% interest per month by simply holding the coins for a set amount of time in your wallet.

Referral program

As with many businesses the platform hopes to bring new investors to the business by offering a referral program. They offer a huge 8% commission rate on tier 1 sign ups with additional commission on lower levels too.

Conclusion

All token sales are risky so please don't invest more than you can afford to lose. However lending platforms have recently shown some of the best profits for investors, I personally made huge amounts of money in Regalcoin and Hextracoin so I'm now buying into all these sorts of ICOs.
This one seems to have benefits over their competitors too, with a more professional sounding whitepaper and benefits such as a website hosted on dedicated server that should mean that we won't have to experience downtime which has been such a problem for their competitors.
Sign up with my link below to gain instant access to the website:
www.dashboard.lendconnect.io/ref/danbitcoin1

[CryptoLending101]

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