Well,
Here we were thinking how greedy can Bitconnect devs really be?
Frankly, I think it is stupid of them to create another coin when they already have success with the one they have. Why not add more value to what they already have instead of steering traffic away from it to something else?
I think it is nothing more than a money grab.
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It seems that Bitconnect-X will be an exchange and will have BCC, Litecoin and Bitcoin but does not show any other coins? They should also have other coins like BCH, ETH and XRP to keep BCC investors busy trading within and make it worthwhile to the exchange?!
I do not understand the benefit of just Litecoin. The main problem down the road is how to be able to deposit and withdraw coin and convert efficiently to Fiat currency into a bank. There are too many barriers and inefficiencies in the blockchain in this area. Ripple XRP may become the blockchain legal vehicle into the centralized banking business so at some point decentralized exchanges will connect to the central system and this battle seems to be already starting with the hedge funds and institutional traders coming in. I believe BITSTAMP already links ripple with the centralized system and the decentralized blockchain. Not all exchanges will survive if they do not keep up with technology and regulatory changes. Remember what happened to Netscape, AltaVista during the dot.com? it will also happen in the blockchain. The biggest risk is for investors to be trapped in the coins and paper gain % and not be able to convert into fiat if that happens all of these blockchain exchanging trades will be like playing with Monopoly game bills (coins). There is no real capital gain on a blockchain coin investment until it is converted into fiat in a bank deposit. FIFO (FundsIN-FundsOUT).
Interesting why casinos coins are treated differently when a gambler buys chips from Sands, Wynn, Mpel, not every game or chip played is monitored but professional gamblers just record gains or losses when they cash out their chips at the end of the games FIFO. Must be casino lobby power so blockchain bitcoin developers, et al. ought to also lobby and adapt to survive.