Can you believe this guy from icoreview.site stating that lending coins are a Ponzi. They are not a Ponzi, though!! I've explained my reasoning. If lending is a Ponzi, then PoS staking must be also (but staking always inflates the supply whereas lending often doesn't and this profit can be used by the lending platform to get more users which increases the price - all coins need more users to increase the price so this doesn't mean it's a Ponzi). Most cryptocurrencies will also be ponzis as no wealth is generated unless profits are used to affect the coin price (which lending platforms can do as lending often generates profits for the company without stealing from anyone else).
ICO CALENDAR TODAY (GMT LONDON TIME)
ongoing — (4.4/5) Lendium.Tech — next generation platform built with sophistication. Referral program in BTC and ETH so it’s healthy for the coin, i.e. less coin dumpers from referral earners.
in 3 days — (4.2/5) HitStake
ongoing — (4.6/5) Crystal Token — their trading bot is live on the dashboard and you can follow the trades. It trades on Poloniex. Makes high returns of a few % a day. I’ve been following it and it’s legit.
NEWS TODAY
KELLY BALTHAZAR: FalconCoin pulled the latest heist in the lending space. The lending space in itself is in a dark period, where most of the coins have exited and investors are left high and dry. There was also a huge fracas about how (4.5/5) EternaCoin is actually FalconCoin 2.0, but after I spent some time researching the similarities between the two, I highly doubt so.
WHAT DO WE DO NOW?
Lending coins are ponzi schemes. Like MLMs, even though people know that these pyramid schemes will most probably make them lose money, they still participate in it after all. Why? Because they convinced themselves that they are at the top of the pyramid scheme. (FYI: If you are at the top of any pyramid scheme, you do stand a high chance of making money.) Translating that into lending coin ICO language, it basically means participating in the coin early, or lending early, as early as the 1st day. But obviously, there are too many coins, and too little interest, so our money is spread too thin on each lending coin to make them work effectively. During the time when Bitconnect was the sole player, they could last for a long time because anyone who wanted to be in a ponzi scheme had only 1 choice and all the money could be used to continue building and sustaining the scheme.
Even after all that has happened, if you still hope to make some quick bucks by participating in lending coins, the best way we can do is to maximize our chances of winning by participating in coins with a lot of participants. As of now, the ONLY working lending coin is (5.0/5) LendConnect. You’ll be minimizing your risk in a high-risk environment. The 2nd go-to coin would be (4.9/5) MonetizeCoin. Their exchange has opened seamlessly, and right now they will be launching their lending (they call it campaign) program in 1-2 days’ time. They have very big hype with over 6k Telegram participants in their chat group.
In every industry, there are bubbles and crashes. The lending coin industry just experienced their first crash, and we are in the midst of it. As with any crash, the industry will recover. In any crash, there will be bankruptcies and consolidations. It’s just simple economics of the free market finding the sweet spot between supply and demand. When Bitconnect was the sole player, there was too little supply. Come December 2017, we saw too much supply. This bubble bursting merely allows the free market to dictate the equilibrium. Players that survive the crash will emerge as industry leaders.
Statistically, only 1% of the world population has had at least one experience in owning a cryptocurrency. 1% is a very small number. It is estimated that that number will grow to 10% in 2 years’ time. If we assume a correlational growth in the lending coin space, we are looking at a 10x user base in 2 years’ time.
(4.9/5) MonetizeCoin exchange is working seamlessly and withdrawals are instant. Try it for yourself and be amazed.
(4.7/5) ThornCoin you can stake for a longer period of time with higher payouts or stake for 30 days with lower payouts. Their rates seem to be sustainable. This is a pure staking coin, so your returns will depend solely on the coin’s price.
(4.5/5) EternaCoin Last week, I had a private video call with the EternaCoin developers, and there were 6 of them in the video call. I asked them a bunch of technical stuff which they were able to address and give a straight answer to. On top of that they provided me with their identification details which I have kept. The video call itself I have recorded. The purpose of this, as they have offered, is for me to release these information publicly if they were ever to pull an exit scam. I was on the fence about them all this time but today they showed some photos and videos of their mining farm which they plan to spend more on with the ICO money, and use the mining income to pay out staking dividends / buy back coins. So far they seem to be legit.
NEW COIN REVIEW
(4.3/5) Lendium.Tech — referral payouts in BTC and ETH (and not in Lendium coins) so as to maintain coin scarcity. So far coins that have maintained prices, like MonetizeCoin, pays out referrals in BTC and ETH.
(4.6/5) Crystal Token — their trading bot is live on the dashboard and you can follow the trades. It trades on Poloniex. Makes high returns of a few % a day. I’ve been following it and it’s legit.
(4.3/5) EternaCoin — pure staking platform with no withholding period. Much safer bet than lending coins with lockout periods.
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https://forum.icoreview.site/Please help to share our website to your local cryptocurrency community.
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