Bitconnect goes with the volatility of Bitcoin and with EthConnect intend to do the same but with the volatility of Ethereum. If EthConnect does it well it might be better than Bitconnect. It is a currency of TRUST, just that. It will be scarce that is why it will rise in price. We already know what happens when nobody sells their currency and there is great demand ... the price goes up.
How can they distribute tokens to those who keep the coins if there is no mining?
Through a smart contract with time it is possible. That's why I think they want to teach me to use MEW or Nano ledger for those who want to keep their coins off the shelf (Every now and then they will be rewarded with more ECH coins). The idea can be brilliant.
The underlying idea is to create a token that is revalued over time and is scarce type bitcoin. People can earn more tokens if they keep those coins.
Is ETHConnet a Scam?
Make your bets lords. I do not think so. It could be a brilliant idea but only time will tell.
Why has all this uproar been created? Because they do not want everyone to buy the first day at a discount. The good news will come by itself and more and more people will buy paying at a higher price. There are more than 100 K people on the platform, there will be no coins for everyone.
Best regards and best of luck to all
Congratulations! You won Word Spagetti of the Year. For an encore, may I suggest you finish "It was a dark and storming night; the ECH fell in torrents — except at occasional intervals ..."