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Topic: Introducting BitReconnect - a time based P3D structure that INCENTIVIZES HODLING (Read 220 times)

legendary
Activity: 1834
Merit: 1008
I almost spit my morning coffee across the keyboard when I read the name of your project. Bitreconnect in context of a site which requires you to send your coins there to earn interest? No one who is around in crypto for at least a year will invest any money if you keep that name.

Additionally, could you please share some infos how you plan to make money? Reinvesting your customers money I think?

Yes this is really absurd to have this kind of game at the first. But if you see this as FOMO3D which paid out this huge numbers to its player then you will start believing things like this. But I can't say this for sure because the name has the similarity with bitconnect which turns out scamming people here. So may be some reviews from others might be a big help to this game
legendary
Activity: 2296
Merit: 2721
Top Crypto Casino
I almost spit my morning coffee across the keyboard when I read the name of your project. Bitreconnect in context of a site which requires you to send your coins there to earn interest? No one who is around in crypto for at least a year will invest any money if you keep that name.

Additionally, could you please share some infos how you plan to make money? Reinvesting your customers money I think?
legendary
Activity: 2422
Merit: 1036
Chancellor on brink of second bailout for banks
a brand new P3D called BitReconnect.
The name seems very familiar. 
Quote
BitReconnect
Quote
Bitconnect
Oh wait! Am I reading it right?

I may need to do some investigations. Hang on with me.
Maybe they are newbies in the crypto world and doesn't know about the biggest scam ever happened in history of crypto. Sad

The name itself really scares the investors. Maybe some of the experts here can create an investigations regarding this. At least change the name and be transparent Smiley
jr. member
Activity: 32
Merit: 12
Also a newbie that starts a new ponzi project, who will trust?  Roll Eyes
gain some trust first buddy
legendary
Activity: 3724
Merit: 1739
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It's only me or the site is already offline? Tried to access the URL to check it and no response from the server. And have you asked to the scam artist (Carlos) the permission to use his name?  Grin Grin
legendary
Activity: 2450
Merit: 1225
01: INCENTIVE: ANTI-DUMP FEATURE Shocked: A typical P3D structure involves a fixed buy-in and sell percentage paid from investors. With BitReconnect, we utilize a unique time-based sell structure to encourage HOLDING your investment for a period of at least 90 days. This helps to grow the contract as big as possible, and prevents dumping from early buyers. The percentage structure works as so (from your initial investment):

1. Day 1 - Day 30: 50% sell penalty
2. Day 31 - Day 60: 30% sell penalty
3. Day 61- Day 90: 15% sell penalty
4. Day 91 - Day ∞: 0% sell penalty
Absolutely a Ponzi scheme.

BitReconnect
The name would be good if you choice this name.

Quote
BitRektednect

The name was fit, went the site running with 1 month old. After that disappear with the money investor.
legendary
Activity: 3542
Merit: 1352
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Whoever decided to get this name for this project deserves some kind of a raise, perhaps to a more exclusive level in hell. Anyway, this kind of game is somewhat sketchy and is deemed to fail tbh, considering that if one buys in to the pot, it's locked in there for 90 days and if he sells immediately, he'll lose some part of  his initial deposit. Isn't that another way of saying "thanks for participating in our scam scheme" since you leave the investors without a choice? A lot are still at a loss for the horrors of Bitconmect, and I sense that this might happen again in this re-run (if it is the same one, lol).
hero member
Activity: 2268
Merit: 669
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They are on a bad start, naming their project to a scam site that notoriously scams millions of funds to investors, what's on the dev's mind, it's like adding insult to injury, this is bound to fail the memory of Bitconnectcoin is still fresh, and the plans are all so much like Bitconnectcoin.
I would certainly agree with you. Anyway, the op has been given a trust flag and the site seems fishy especially the site name that is almost the same as bitconnect. It is more like that the investors getting scammed again. The way it works is that the percentage of the deposited funds will go to lucky pot and will be given to last investor like a HYIP program.
hero member
Activity: 1372
Merit: 512
a brand new P3D called BitReconnect.
The name seems very familiar. 
Quote
BitReconnect
Quote
Bitconnect
Oh wait! Am I reading it right?

I may need to do some investigations. Hang on with me.

Wondering why they would name (almost)  there site to one of the biggest bitcoins scams ever. That would scare a lot of people away.
legendary
Activity: 2702
Merit: 2645
Farewell LEO: o_e_l_e_o
a brand new P3D called BitReconnect.
The name seems very familiar. 
Quote
BitReconnect
Quote
Bitconnect
Oh wait! Am I reading it right?

I may need to do some investigations. Hang on with me.
hero member
Activity: 2856
Merit: 769
Another smart contract based games like Fomo3D game but this one is on a different set-up and using up that HODL thing for investors to stop on selling on imposing deduction which is somehow a new thing but i doubt this wont really gain too much traction.Good luck!

Yes,,, basically I think these types of games are successful in the beginning because a lot of inexperienced players calculate the math and think they can do it with the maximum hold or whatever, not realizing that the whales are much bigger than their imagination. Whales win, the biggest whale always wins.
Thats how it do commonly end up.Whales would have always the edge as usual thats why majority of these similar smart contract games doesnt end up well.

They gain traction on first when its being hyped but people already learned after all these years on how these things work.Definitely no one or only a few will just jump in into this one.
Not to be salty but this is reality.
hero member
Activity: 2240
Merit: 953
Temporary forum vacation
Another smart contract based games like Fomo3D game but this one is on a different set-up and using up that HODL thing for investors to stop on selling on imposing deduction which is somehow a new thing but i doubt this wont really gain too much traction.Good luck!

Yes,,, basically I think these types of games are successful in the beginning because a lot of inexperienced players calculate the math and think they can do it with the maximum hold or whatever, not realizing that the whales are much bigger than their imagination. Whales win, the biggest whale always wins.
hero member
Activity: 2856
Merit: 769
Another smart contract based games like Fomo3D game but this one is on a different set-up and using up that HODL thing for investors to stop on selling on imposing deduction which is somehow a new thing but i doubt this wont really gain too much traction.Good luck!
newbie
Activity: 1
Merit: 0
Hello all! I would like to introduce to you a brand new P3D called BitReconnect. Carlos is back, but in a more advanced form. Carlos has implemented a new time-based structure that encourages HODLING. This anti-dumping structure works by decreasing the sell percentage paid by the seller as time goes on.

Here is the description according to the Discord - invite link: https://discord.gg/Tvyx7vX

--------------------------

We are excited for the launch of BitReconnect! The timer has started counting down on https://www.bitreconnect.com/. This new P3D contract is unique in that it encourages HODLING over a long period of time in order to grow the contract AS BIG AS POSSIBLE and discourage dumping from early investors. Here are the four major reasons you should consider buying in to BitReconnect:

01: INCENTIVE: ANTI-DUMP FEATURE Shocked: A typical P3D structure involves a fixed buy-in and sell percentage paid from investors. With BitReconnect, we utilize a unique time-based sell structure to encourage HOLDING your investment for a period of at least 90 days. This helps to grow the contract as big as possible, and prevents dumping from early buyers. The percentage structure works as so (from your initial investment):

1. Day 1 - Day 30: 50% sell penalty
2. Day 31 - Day 60: 30% sell penalty
3. Day 61- Day 90: 15% sell penalty
4. Day 91 - Day ∞: 0% sell penalty

02: THE LUCKY POT  Tongue 3.33% of every deposit goes to the Carlos’ Lucky Pot. Once it reaches 5 ETH (or 24 hours passes, whichever comes first), the pot is AUTOMATICALLY sent to the LAST INVESTOR of BitReconnect.

03: DIVIDENDS BTC : BitReconnect buyers earn dividends on every new buyer (and panic seller’s) transaction. You also earn 7% of your referral’s purchase when you refer them with your master node.

04: TRANSPARENCY & PROGRESS  Smiley : There are plans to add more games to feed BitReconnect’s structure. All of BitReconnect and associated games operate on an Ethereum smart contract. Everything is fully transparent and open to scrutiny. The team is accessible and open to conversation on Discord. Carlos has no secrets here!

---------------

COME JOIN US ON DISCORD while we countdown 'til contract launch!
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