I recommend to stay away from the lending platform, the case of Bitconnect is a recent example that should make many people reflect. In most cases they are just scams that damage the cryptocurrency industry
I think lending platform is something which attracts everyone, but far too often and really mean FAR TOO often; it is just not worth it. That is a lot to do with unsustainable rates and bad management.
That is where this thing appeals to me
http://www.lavenir.io/ - It is the latest take on lending platform, but this time in a much greater way and in very much sustainable rates.
The ICO starting is very far with almost a month+ remaining, but since the y will give 30% bonus to investors who get in early during first 72 hours. So, that’s why I like to figure out what’s your take on this?
Is this going to be on your list of investment in months to come?
Whenever I see a Lending platform I simply run away from it. I can do my own investments.
I don't need to pay someone to give me a lower investment rather than what I could've gotten.
Bitconnect kinda proved what this type of platform truly are. NOT WORTH IT.
Are you seriously asking or are you shilling?
Lending platforms are pyramid ponzi schemes.
They just are. It is the nature of the business.
Credit companies make money off of others losing money, that's how it is set up.
So even if a lending platform has "sustainable rates" the only way it can truly be sustainable is if more and more people borrow, and more and more people pay.
At this point, it just hasn't happened in crypto.
Also, on the ico side, be very suspicious of icos that offer huge bonuses or discounts.
While it may seem attractive for a quick flip. Ultimately, in the long run, the most successful ICOs are those that have fair distribution that allows for a solid foundation to be made.
Yeah, a 5x profit might seem great, but if an ico truly succeeds you are looking 100 to 200x profit a couple months down the road.
This is the limit of certain things. I mean, how anyone in the world can label something without even looking at it? It’s not tough to know how people feel after the Bitconnect fiasco, but I too LOST but it doesn’t mean end of the world! People are not even looking at what I am trying to point out. This is a VERY DIFFERENT KIND of lending platform, so if you still make comparison, then good luck!
As per Chocopapaya, I am well aware what PONZI SCHEME is, so please do not explain it to me. This thing Lavenir is NONE of that! I won’t say much else because you didn’t bother looking at the site to understand my point.