Glasscoin ICO Review

[bitcoininvestor]

There's yet another new lending coin launching their ICO. GLasscoin pre sale has already begun.
https://launch.glasscoin.io/user/regist ... anbitcoin1

What is Glasscoin?

They're a new lending platform similar to bitconnect and more recently Regalcoin. The new decentralized cryptocurrency will allow you to make transfers to friends and family or to pay for goods and services, similar to how bitcoin does. The main aspect of the new platform though will be their lending platform which promises to pay high rates of interest to investors who lend money to them.
You can sign up with the following link to take a look around their dashboard:
https://launch.glasscoin.io/user/regist ... anbitcoin1

How does it work?

Making transactions with the new coin will be simple, all you need to do is download their wallet, load it with their coins and then you can make a peer to peer transfer to anybody with a glasscoin address. Transfers can be sent for free or if you set a small fee then it will be faster.

Glasscoin lending

You'll be able to easily lend the new cryptocurrency, interest rates on offer are around 1% per day. Every day you'll receive the interest paid into your wallet. The interest will depend upon the volatility of bitcoin as the new platform states that they have a bot that trades based upon the volatility of bitcoin.

Staking

The new platform will also offer users the option of staking coins. As soon as you buy the new currency it becomes an interest bearing asset with a return of around 10% per year through proof of stake. This system has shown to be fairer than the proof of work that bitcoins uses.
To receive the staking interest you just need to hold your coins in your wallet, your assets start earning interest after 5 days.

Mining

Users will have the option of mining with a CPU or GPU miner, you won't require a powerful asic miner like you would to start mining bitcoin.

Trading
https://launch.glasscoin.io/user/regist ... anbitcoin1
Once you've acquired your coins you'll be able to trade them. Once the ICO ends Glasscoin should be listed on some cryptocurrency exchanges. One of their competitors, Regalcoin, saw gains from $1 to around $30 in just a couple of weeks. With the original lending platform Bitconnect now being a top 10 cryptocurrency by marketcap with a total cap of around $1.4 billion. Gains with this new coin should hopefully be similar.

Glasscoin ICO Details

Their ICO has already started, they'll be a total supply of 5 million coins with 500,000 currently available through their pre sale. The pre sale runs until the 10th of November but I expect it will sell out before then. The price of 1 coin is just $0.5. They state that they have a goal of $5 when the coin hits the exchange.

Conclusion

This new platform offers a great opportunity to get involved in an ICO early, gains with their competitors have been huge, making many people multiple times their investment back. Combined with their lending platform offering 1% per day interest this new coin looks set be a huge earner. As with any cryptocurrency don't invest more than you can afford to lose.

https://launch.glasscoin.io/user/regist ... anbitcoin1