EigenCoin ICO Review

[bitcoininvestor]

The EigenCoin ICO starts in less than 3 days with 8 million coins going on sale.

What is EigenCoin?
https://www.eigencoin.co/register?ref=y2RWb
They're starting a decentralized cryptocurrency that will be used on their lending platform for lending. The currency can be used to make transfers similar to how Bitcoin works. Their new lending platform is the main part of the project that interests me however, they state that they'll be paying around 1% interest per day.

The rise of cryptocurrency, ICOs and Lending platforms

Cryptocurrency has quickly grown in 2017 to reach a huge market cap of over $300 billion. Bitcoin is obviously still the most widely used, well known and highest priced crypto available, they still account for just over half of the entire market and now have a huge coin price of $10,000 per coin.
However this year has also seen many other new currencies launch, with many of these launched via an ICO (Initial Coin Offering). Ethereum even started this way by distributing their tokens to early investors in order for them to raise funds. Many of these token sales have seen investors make huge returns. A lot of businesses are now turning to this method of funding over more traditional methods.
One of the best performing cryptocurrencies this year in terms of returns has been lending platforms. These projects offer investors huge returns of around 1% per day in return for lending them additional money. They use this money to trade the cryptocurrency markets with advanced bots which allows them to keep up with the high interest.
The first platform to launch with an ICO was Bitconnect which quickly grew from an initial price of just $0.5 to reach $300 per coin, offering investors a 600x return within a year.
Recently many other lending platforms have launched, with Hextracoin and Regalcoin offering investors quick returns on their capital.

The EigenCoin Lending platform
https://www.eigencoin.co/register?ref=y2RWb
The lending platform will be the main aspect of the project and with the high interest rates offered it's sure to attract investors. They plan to launch their lending platform once the token sale has been completed.
Unlike other platforms you'll have the option of withdrawing early and you also have the choice of selecting how long you wish the loan to last for.
There will initially be 3 different options for investors depending on the amount they wish to invest, once you've made your loan you'll receive interest paid directly into your wallet daily:

[*] $0-$1,000: You'll receive up to 1% per day with a bonus of (0.03% x bonus multiplier)
[*] $1001-$5,000: You'll receive up to 1% per day with a bonus of (0.04% x bonus multiplier)
[*] $5,001-$20,000: You'll receive up to 1% per day interest with a bonus of (0.05% x bonus multiplier)

ICO Details

The token sale will have 8 million coins on offer split between 5 different rounds. The initial price will be just $0.7 and rises to $1.1 as the sale goes on.

Referral program

As with many successful businesses the new platform hopes to attract new investors with an attractive referral program. They're offering a big bonus of 10% on the first level during the token sale with additional rewards on any loans that your referrals make.

Conclusion

These types of token sales have shown to offer huge profits recently. EigenCoin offers many advantages over their competitors such as allowing you to withdraw early for just a small penalty fee. They also let you choose the duration of your loan.
I'm hoping the price will x10 as soon as it's listed on exchanges as has happened with most other lending platforms. By combining the lending platform with the expected increase in coin value it should be possible to make big profits quickly.
Sign up with my link below to gain instant access to the website:
https://www.eigencoin.co/register?ref=y2RWb

[CryptoLending101]

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