The ethconnect site says:
Just like Ethereum, we will focus on developing a blockchain era bank, which can be the place to store financial services, corresponding to the current communications of banks.
I'm a bit confused as to what this is exactly. Is this an ERC20 token, or a brand new cryptocurrency?
Everything is fake about ethconnect.
In their whitepaper they literally stole pics from elsewhere online and then gave each pic a fake name and then listed them as developers.
Moreover, the ethconnect site claims that they are from Japan but in truth they are from Russia.
Their 'staff' doesn't even know how to communicate is Japanese.
They've been around for a long time as
mmm.co (see
https://en.wikipedia.org/wiki/MMM_(Ponz ... e_company)) and have only recently rebranded themselves and being part of the cryptocurrency space.