Topic: ⚡[ANN][ICO][LCT] LendConnect - Unique lending platform that combines them all!⚡ - page 17. (Read 21624 times)

Completely agree! Only fucking noobs and clueless idiots will invest in this PONZI SCAM!

what you can expect is an exit scam and a coin worth 1 satoshi lmao they buying and selling there own coins guys this is not real growth it is manipulation, they do not allow withdrawal for 3 weeks open your eyes.

Is this really a scam? It seems a lot of people are now trading this coin. Trading volume is now worth $2M dollars and price is still rising.

A few weeks back I received spam emails from this project and I see a lot of new accounts now promoting this scam project.Good, you pointed out those who are shilling this dirty scam.

All the people crying scam and ponzi have not yet figured out that all these lending platforms are different versions of a system that was originally pioneered by Bitconnect, and the concept works as long as there is rising token value and rising value OR volatility in the crypto space.  Do any of us look at this as some kind of long term set-it-and forget it investment that does not require your attention like Bitcoin itself?  NO.  I do not have time right now to explain my investment thesis on the micro niche that is the tokenized crypto lending space, but I will when I get home from work tonight.  The bottom line for us that DO dare to play in this lending game HAVE A HIGH RISK/REWARD profile, and we win some and certainly lose some.  But for the 1 year time horizon, I have done my own research and for the portion of my portfolio that is allocated to high risk-reward I have chosen to long LCT.  Haters gonna hate.

A few weeks back I received spam emails from this project and I see a lot of new accounts now promoting this scam project.Good, you pointed out those who are shilling this dirty scam.

Fucking noob wrote his first fucking post, just to bump this scammy thread. Now scammers will create dozens of alt accounts for bumping their fucking thread!

                                                LENDCONNECT IS A PONZI SCAM DESIGNED TO STEAL YOUR MONEY. STAY AWAY!!!

So here is an update for today.  The payouts are working well based on lending contracts.  The exchange has fully implemented real time exchange based loan and token pricing so that you get the top price for any loans made.  For those who are afraid of making loans and subsequently seeing the price increase, the answer to that is the following.  Immediately buy at market all the tokens you loan; then it's a wash against your bag, and you get the benefit of locking in profits very fast with the loan payouts, and you can still see the inevitable price appreciation that comes with the low supply of the coin.  1-2 million coins are now lent by my approximation, so that is a great start and was the goal of the devs.  The Dev team continues to make continual improvements to the front and back end of the interface, and are meeting NOW to gear up for the launch of the internal exchange.  The Telegram group remains a great place to get up-to-date information and the community is growing very fast.  The major volume for the token is occurring on Coinexchange.io with Etherdelta a distant second.  CE.io exchange is notoriously slow and expensive with their withdrawals and this is especially painful currently, as they likely use far too low gas and GWEI for the ERC 20 tokens, resulting in long (24 hours) delays on getting your withdrawals sent out.  If this is impacting you, I recommend you do as I did and open a support ticket demanding they address this issue and pay appropriate gas/gwei.  They currently charge 1 LCT (approximately 12-13$) for the withdrawal fee so there is no excuse for them to not cover the ERC20 token Etherium fee with adequate gas/gwei.  Things remain bullish for the LCT token value, with most expecting a reasonable price rise over the coming week; the price is consolidating at the 12$ USD value, and has slightly outperformed BTC over the last day.  Lending may have slowed slightly due in part because many have funds pending transfer from the CE exchange, and this - I reiterate- has nothing to do with the LCT team or interface.  After the first  day of price appreciation, many complained that they loaned too soon.  I mentioned the strategy above (lend and buy LCT back on external exchange) to overcome this fear.   I will contine to post here daily or at least every few days as things develop.  Please join us on Telegram  (https://t.me/lendconnectofficial)  if you have any questions at all!