NexCoin ICO Review- Is it a Scam?

[bitcoininvestor]

There's just 3 days until the NexCoin ICO begins with 9 million tokens going on sale.
https://www.nexcoin.co/register?ref=danbitcoin1
What is NexCoin?

They're a new decentralized cryptocurrency that will allow users to make payments for goods and services or send money to family and friends. The main aspect of the project that will interest investors however is their lending platform which they state will offer investors up to 45% interest per month.

The rise of cryptocurrencies and ICOs

This year has seen the biggest rise in cryptocurrency ever, the total market cap is now around $200 billion. Bitcoin still leads the way however there's also been huge gains in smaller cryptocurrencies such as Ethereum.
Among this rise has been the introduction of ICOs (initial coin offerings), there's already been a total of over $2 billion raised just this year. Many projects now prefer this type of funding over more traditional methods.

Lending Platforms

Cryptocurrency has seen many industries join in recently. One of the most succesful type of ICOs so far has been for lending platforms, these projects offer to pay investors high interest in return for lending them money. The most succesful has been Bitconnect which has gone from an initial price of just $0.5 to now over $250 with a huge market cap of $2 billion, it's now the 7th biggest cryptocurrency and still growing quickly.

How can NexCoin pay such high interest?

The platform states that they make money by utilizing a trading bot named altbot1 that trades bitcoin, due to the bot trading based on volatility it makes money whether the price of Bitcoin goes up or down. The interest rate you receive will depend on how volatile Bitcoin has been that day.

NexCoin Lending Platform
https://www.nexcoin.co/register?ref=danbitcoin1
The new project will launch their lending platform when the ICO has been completed, they plan to offer 4 different options:

[*] $100-$999: You'll receive interest based on the volatility of Bitcoin which should be around 1% per day. Your capital will be returned after 239 days.
[*] $1000-$4,999: You'll receive volatility interest with an additional bonus of 0.1%. Your capital will be returned after 199 days.
[*] $5000- $9,999: You'll receive volatility interest with an additional bonus of 0.25%. Your capital will be returned after 159 days.
[*] $10,000-$49,999: You'll receive volatility interest with an additional bonus of 0.3%. Your capital is returned after just 119 days.

Referral Program and staking

The platform states they'll also offer members the chance to participate in their referral program which pays 7% commission on level 1 sign ups with additional benefits down to level 6. They do say however that you'll have to use 30% of your referral revenue on loans on the platform.
They also offer staking which will bring you a profit of 8% per month initially, this decreases over time however.

Conclusion

This is a risky investment so please don't invest more than you can afford to lose. Similar investments have seen users able to make big profits though, as soon as the token is listed on an exchange it tends to rise in value quickly with these types of ICOs, this is due to a lot of people becoming interested in the lending platform once it goes live.
This makes it a great calculated risk in my opinion, a $100 investment in the main competitor Bitconnect would of seen users tokens now worth over $50,000.
Signing up with my link below will grant you instant access to the platform:
https://www.nexcoin.co/register?ref=danbitcoin1