hey, why is everyone here writing about what a good team, and I have not seen the information anywhere about it. can I please link? I really would like to know more about the team
Its just like the team behind BITCONNECT They are all well hidden so they don't go to jail upon project failure. This is a SCAM Don't be fooled. The only way this "Lending" system works is if Both things happen:
A CONSTANT Flow of referrals are added to the system bringing in new money - which is used to pay the old people
AND
The Value of Bitcoin goes UP - Since this is where all the money comes from. All new people give this team their hard earned Bitcoins and the team then pays people back slowly with that money as it increases in value.
As long as the value goes up and new people are added this system can go on for some time. However ALL ponzi schemes ultimately fail. The reason Bitconnect failed SO FAST was because it got to the end of the new users coming in AND the price of bitcoin dropped FAST. BCC tokens went from over $400 to less than $20 in ~10 days. This is why your money is "locked Up" for 60 days. The leaders of this scam know this will end and end fast. That people wont be able to get their money out quickly is THEIR insurance policy. You have to be very ignorant to know these things and continue to support such a Scam. Also it is illegal in most places to knowingly defraud people. So you will ALL become criminals for participating in this.
If Not enough new people come into the system OR Bitcoin value drops fast this will collapse. Then the brave people who took your BTC will run away and you wont know who they are. because this team is 100% anonymous.
Even this team from Bitconnect is not the real founders
http://www.livebitcoinnews.com/bitconnect-team-continues-scam-investors-bitconnectx-ico/Or this similar SCAM in Vietnam
https://coinjournal.net/exit-scam-vietnamese-cryptocurrency-company-goes-dark-after-allegedly-duping-investors-of-us660m/Thank you for your opinion, it was interesting to read. but if the team is hidden, then why do they write so much about the fact that the project has a very good team?
I am not sure what you mean. The people behind Bitconnect were a very good team too. They were masterful at stealing peoples money. they created one of the worlds first Global ponzi schemes.
Just like this team, the one from Bitconnect stayed Anonymous so they could quickly and easily exit scam everyone. Which is exactly what they did and it is exactly what will happy to this coin.
They are Anon so they will not be arrested and face court after their fraud is know.
For All we know this is some of the people from Bitconnect. It is the exact same plan / whitepaper. The entire reason there is a "60 day lend" is that the creators know this scam will fail. When it starts to go bad and they no longer able to make the daily payments the exit scam is initiated. No more payments and "we release all coins" once this happen people panic to try and get money back and sell their coins for pennies on the dollar.
so before you give your money understand that you would be better off just buying Bitcoin or ETH and holding it.
you have been warned - if you still invest in this you are becoming part of the fraud and you can yourself be sued and brought on charges. You do not have to be the creator of a Ponzi to be held accountable for it. ANYONE you bring in as a referral can sure you after the fail. You cannot claim that you didn't know, because ignorance is no defense against the rule of law.