The VisaCoin ICO is set to start in just 6 days, with coins available for just $0.85 it looks set out to sell out quickly.
What is VisaCoin?
https://visacoin.eu/system/signup?userName=danbitcoin1
They're launching a new decentralized cryptocurrency that can be used to transfer funds. The main aspect that will interest users however is their lending platform. They plan to launch a similar lending platform to Bitconnect which offers high rates of interest .
The rise of cryptocurrencies and lending platforms
Cryptocurrency has grown quickly during this year. The total market cap of all crypto combined is now at a staggering $300 billion. Bitcoin is still the most well known with just over half of the market cap and a huge price of $10,000 per coin.
However this year has seen many new currencies emerge, many of which have launched via an ICO (Initial Coin Offering), an ICO offers businesses the chance to raise initial capital in return for distributing their tokens to investors. Many investors have made huge gains with these token sales this year.
One of the most successful types of token sale so far has been lending platforms. Bitconnect was the first to launch and after selling their tokens for just $0.5 they've now reached over $300 per coin. This has given investors a huge return of 600x on their investment.
More recently there's been others aiming to follow in their success. Regalcoin and Hextracoin recently launched and saw their coin prices multiply by over 20x just in the first week.
Now VisaCoin are having their ICO and it looks like they could be the next one to quickly gain value.
Lending platform
Full details of the lending platform will be announced once the token sale has been completed. However it should pay out roughly 1% per day which is inline with their competitors.
To make a loan all you'll need to do is select your desired amount and you'll then receive interest paid directly into your wallet every day.
VisaCoin ICO Details
[*] Sale dates: December 5- January 5.
[*] Total tokens for sale: 5.5 million.
[*] Price: Starts at just $0.85 and rises to $1.05 as the sale goes on.
How to take part in the sale
To take part in the token sale you simply need to register on the website, deposit your bitcoin into your wallet and you'll then be able to transfer your bitcoin into the new tokens.
It should be noted however that these types of token sales tend to sell out quickly so make sure you're prepared well in advance.
Conclusion
All investments made into cryptocurrency are risky so please don't invest more than you can afford to lose. However so far investments made into lending platforms have shown to produce huge profits. The profit from Bitconnect alone would of made all investors happy. But I've also received great profits from many others now.
This platform seems to have more potential than most of their competitors. Their whitepaper and website are much more professional, many other lending platforms struggle to even write in good English.
I expect the token price to reach $10+ as soon as it's listed on an exchange as has happened with the previous ICOs. By combining the interest paid from loans with the expected increase in token value it should be possible to make good profits from this platform.
Sign up with my link below to gain instant access to the website:
https://visacoin.eu/system/signup?userName=danbitcoin1