Riseconnect ICO Review- Is it a Scam?

[bitcoininvestor]

The Riseconnect ICO is set to start in just 3 days with coins going on sale for just $0.4.

What is Riseconnect?
https://riseconnect.io/Dashboard/?reff=danbitcoin1
They're launching a new decentralized cryptocurrency that can be used to make payments for goods and services or used to transfer funds. The main aspect of the project that will interest investors however is their lending platform which promises to pay users over 1% interest per day.
They state in their whitepaper that they use sophisticated trading bots to trade the Bitcoin and altcoin markets which allows them to pay such a high interest rate in return for raising additional capital for themselves to trade with.

The rise of Cryptocurrency, ICOs and Lending Platforms

2017 has been the year of crypto, with many new investors getting involved in the market. The total market cap is now approaching $400 billion. Bitcoin is still the biggest with just over half the market and a huge coin price exceeding $13,000. But this year has also seen the emergence of many new coins and new tokens, many of which were launched via an ICO (Initial Coin Offering).
An ICO allows platforms to raise capital in return for distributing their coins to investors. Many investors have seen huge gains with this type of investment recently with some coins rising multiple times in just a week.
One of the most successful niches in crypto so far has been lending platforms, these claim to make money by using trading bots and in return for lending them money they offer attractive rates of interest that normally exceed 1% per day.
Bitconnect was the first to launch and have since seen their coin rise from just $0.5 to over $300.
More recently there's been many others hoping to follow in their footsteps with most so far proving to be successful.
Riseconnect is aiming to be the next success and with such a low initial cost and some major advantages they look like a good bet.

Riseconnect Lending platform
https://riseconnect.io/Dashboard/?reff=danbitcoin1
The major benefit that this platform has over their competitors is that they pay the interest rates in their own coins, this offers a huge advantage which allows investors to benefit from the high interest rates aswell as the expected rise in coin value. Receiving 1% interest in fiat currency sounds great but with most of the programs you'd actually of been better off just holding the coins.
This new program will allow you to combine the 2 together as you'll be receiving payments into your wallet every day in the new Riseconnect currency as soon as you select your desired lending amount.
They plan to initially offer 4 different lending options ranging from just $100 up to over $100,000. The benefits of the bigger packages are a slightly higher interest rate and the release of your capital sooner.

ICO Details

There's a total of 6 million coins available for sale split into 5 phases. The initial price will be just $0.4 and rises during each phase until it's $1.45 during the last sale.

Is it a Scam?

Due to the high interest rates on offer some people believe these lending platforms to simply be ponzi schemes. So far however the biggest ones have lasted over a year which is generally much longer than any ponzi scheme lasts.

Conclusion

All investments into cryptocurrency are risky so please don't invest more than you can afford to lose. However so far lending platforms have shown to produce huge returns, with Hextracoin and Regalcoin recently launching and jumping straight up to $30 within a week.
This platform offers a huge advantage over their competitors by paying the interest in their own coins rather than USD. By combining the lending profits with the expected rise in coin price it should be possible to make huge profits.
Sign up with my link below to gain instant access to the website:
https://riseconnect.io/Dashboard/?reff=danbitcoin1