Legendcoin ICO Review- Is it a Scam?

[bitcoininvestor]

The Legendcoin ICO is set to start on the 1st of December with coins going on sale for just $0.8

What is Legendcoin?
https://legendcoin.co/?ref=losam
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 massively during this year, the total market cap is now $250 billion. Bitcoin still leads the way with just over half the market and a coin price of over $8,200. However 2017 has also seen other cryptocurrencies grow massively.
We've also seen the popularity of ICOs (initial coin offerings) increase quickly, 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
https://legendcoin.co/?ref=losam
One of the most popular projects to launch in cryptocurrency so far during 2017 has been lending platforms. These platforms 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 growth of their tokens rise to nearly $300 each. Recently many other platforms have launched in the niche, Regalcoin and Hextracoin launched in the last month or 2 and have quickly seen their coins increase from less than $1 to above $40 each.

Legendcoin Lending platform

The lending platform is where investors will see the best return. They state on their website that they'll be offering huge rates of interest of around 45% per interest per month. The exact amount you receive will depend upon the package you chose.
Each package will pay interest directly into your wallet every day as soon as you've signed up.

ICO Details

The token sale is scheduled to run from the 1st until the 20th of December, however it's likely to sell out before this. There's a total of 7.5 million coins available with the price initially set to just $0.8 per coin.

Conclusion

All ICOs are risky so please don't invest more than you can afford to lose. I've personally seen huge profits with the previous platforms like this to come out so I'm happy to reinvest a chunk of my profits.
If their competitors are anything to go by then it's likely the price of the coin will quickly increase as soon as it hits the exchanges. By offering a high rate of interest it gives investors a great incentive to hold their coins, which in turn increases the price.
By combining their lending platform with the increase in coin price it should be possible to make huge profits.
Sign up with my link below to gain instant access to the platform:
https://legendcoin.co/?ref=losam

[CryptoLending101]

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