With what's been going on with the SEC, I only support ico's that are anticipating regulation. A favorite of mine recently would be polymath. They're a platform for issuing legally compliant security tokens on the blockchain. Not only is that a huge idea, but their platform has a network of KYC-verified investors that bridges the gap between VCs and startups as well.
https://www.bloomberg.com/news/articles/2017-08-30/it-s-about-to-become-even-easier-to-issue-blockchain-based-coins
Topic: What Do You Think About Lending Coin Platforms? (Read 408 times)
I do believe in lending platforms, and if they manage to deal with regulation they might get huge. I don't know those two, but I do know Salt, that looks very promising to me. I lost a lot of money because I had to withdraw bitcoin in order to pay bills, but with these platforms, or at least with Salt, I could just use my crypto as collateral and get a fiat loan in my bank account, without spending my coins. This is really good, as the increase in price could actually pay the loan by itself.
I think the main problem these platforms might find is to be legal, since lending is still very tied to banks. If we start having platforms like these available, banks will need to adjust their interest rates for sure.
I think the main problem these platforms might find is to be legal, since lending is still very tied to banks. If we start having platforms like these available, banks will need to adjust their interest rates for sure.
I would rather not risk my money to that degree. All it takes is some big fud to lose it all on a platform. Say bitconnect, regalcoin, salt or any of those was cracked open and exposed as a ponzi and all similar platforms become exposed by default too.
But they are still working
You are absolutely right. But if they work for more than 3 months, that is enough.
As most of the lending time is for 3 months or 100 days.
In that time, people can get quite good returns, and if they lend again, that's extreme greed, and extreme risk, in that case, they should not worry about getting scammed.
I would rather not risk my money to that degree. All it takes is some big fud to lose it all on a platform. Say bitconnect, regalcoin, salt or any of those was cracked open and exposed as a ponzi and all similar platforms become exposed by default too.
Dude WTF are you smoking? Bitconnect and SALT are two vastly different things. One is a clear ponzi scam in which you get the next person in so you can make money (Bitconnect) and the other is a legitimate platform (SALT) in which has been vetted so USA investors were allowed and had strict KYC AML procedures before you could get any. Putting them in the same sentence is going to give people the wrong impression.
Bitconnect=Ponzi
SALT=Legitimate
But don't take my word for it look into both and see for yourself.
Yepp, they are quite different platforms.
i dont really believe on these lending coins and i don't invest these icos when they hide the faces behind these projects so might be it is just a scam
Lending coin platform can be very lucrative.
I guess choosing the right honest company which also is good at protecting themselves for hacking is important.
So far i am in SALT.
I guess choosing the right honest company which also is good at protecting themselves for hacking is important.
So far i am in SALT.
I would rather not risk my money to that degree. All it takes is some big fud to lose it all on a platform. Say bitconnect, regalcoin, salt or any of those was cracked open and exposed as a ponzi and all similar platforms become exposed by default too.
But they are still working
You are absolutely right. But if they work for more than 3 months, that is enough.
As most of the lending time is for 3 months or 100 days.
In that time, people can get quite good returns, and if they lend again, that's extreme greed, and extreme risk, in that case, they should not worry about getting scammed.
It depends on the platform.
Any which 'guarantee' some percent profit is going to be a ponzi scheme. There are legit ones out there but won't be making absurd claims.
People can make a quick buck with HYIP programs but it really is gambling and in the long run the odds are stacked against you.
Any which 'guarantee' some percent profit is going to be a ponzi scheme. There are legit ones out there but won't be making absurd claims.
People can make a quick buck with HYIP programs but it really is gambling and in the long run the odds are stacked against you.
I'm not too sure about lending, I prefer to see coins that move naturally like BTC, ETH, WAVES, and some other coins.
I see lending like instant money and can be very risky
I see lending like instant money and can be very risky
I am sure that it's quite risky. But any crypto investment sounds risky to me. Except for BTC.
GRX - Everything looked fine to me until I saw that 8% affiliate commision and 1.1% daily on your Investment. Seriously?? How??
Days Will come when they also book some loss but they pay 1.1% as they promised it to people. For me, GRX is a scam for sure but Can't predict anything about it's running duration as People love to take risk and Love to invest in schemes that are too good to be true.
Sorry about that but it's Up to 1.1% daily, quite possible in the world of cryptos and tokens. Still, that 8% affiliate commision triggering my mind. Can't say how legitimate the site and project is but looks good on paper. I will never ever Invest in this as after seeing everything and evaluating every aspect of this GRX it looks more likely to be a ponzi scam to me
apoub coin - Nothing on that site to shout that we are legal. Only project information is available on the site, no information about the project team is there. Just like GRX, I will put it in the same category with GRX.
Sorry about that but it's Up to 1.1% daily, quite possible in the world of cryptos and tokens. Still, that 8% affiliate commision triggering my mind. Can't say how legitimate the site and project is but looks good on paper. I will never ever Invest in this as after seeing everything and evaluating every aspect of this GRX it looks more likely to be a ponzi scam to me
apoub coin - Nothing on that site to shout that we are legal. Only project information is available on the site, no information about the project team is there. Just like GRX, I will put it in the same category with GRX.
Yepp, you could say that GRX is the best of all those projects.
About commissions and daily returns, they say they trade with the lent money. Now 1% and 8% referral returns, in the crypto world, I would say it is possible, but for how long, I could not say that.
I've yet to see anything which says they will compete with companies in the fiat currency world.
In the lending world or the whole cryptocurrency world?
Lending coin platforms are like wildfire these days. They attract people like honeycomb attract bees.
Today, an ICO of one more lending coin has started.
Apoub coin, which is exactly the same copy of regalcoin, not only the working but also the website and the coin logo are almost exactly the same as regalcoin.
Regalcoin was quite successful, and it reached about 100$ from the 1$ ICO price.
Of all the Lending coin platforms, I have found Gold Reward Coin(GRX Coin) as much better than any other lending coin.
So are you guys going to participate in Apoub coin's ICO or will you avoid it?
Or you just don't believe in lending coin platforms?
Today, an ICO of one more lending coin has started.
Apoub coin, which is exactly the same copy of regalcoin, not only the working but also the website and the coin logo are almost exactly the same as regalcoin.
Regalcoin was quite successful, and it reached about 100$ from the 1$ ICO price.
Of all the Lending coin platforms, I have found Gold Reward Coin(GRX Coin) as much better than any other lending coin.
So are you guys going to participate in Apoub coin's ICO or will you avoid it?
Or you just don't believe in lending coin platforms?
First of all, no, I absolutely will not be participating in the ICO. Second, there is a market for coin lending and liquidity, but it's in such a premature state currently that I wouldn't risk it. You need a decentralized platform for it to be trustless. Current iterations potentially expose the user to exit scams.
I would rather not risk my money to that degree. All it takes is some big fud to lose it all on a platform. Say bitconnect, regalcoin, salt or any of those was cracked open and exposed as a ponzi and all similar platforms become exposed by default too.
Dude WTF are you smoking? Bitconnect and SALT are two vastly different things. One is a clear ponzi scam in which you get the next person in so you can make money (Bitconnect) and the other is a legitimate platform (SALT) in which has been vetted so USA investors were allowed and had strict KYC AML procedures before you could get any. Putting them in the same sentence is going to give people the wrong impression.
Bitconnect=Ponzi
SALT=Legitimate
But don't take my word for it look into both and see for yourself.
I would rather not risk my money to that degree. All it takes is some big fud to lose it all on a platform. Say bitconnect, regalcoin, salt or any of those was cracked open and exposed as a ponzi and all similar platforms become exposed by default too.
But they are still working
I'm not too sure about lending, I prefer to see coins that move naturally like BTC, ETH, WAVES, and some other coins.
I see lending like instant money and can be very risky
I see lending like instant money and can be very risky
GRX - Everything looked fine to me until I saw that 8% affiliate commision and 1.1% daily on your Investment. Seriously?? How??
Days Will come when they also book some loss but they pay 1.1% as they promised it to people. For me, GRX is a scam for sure but Can't predict anything about it's running duration as People love to take risk and Love to invest in schemes that are too good to be true.
Sorry about that but it's Up to 1.1% daily, quite possible in the world of cryptos and tokens. Still, that 8% affiliate commision triggering my mind. Can't say how legitimate the site and project is but looks good on paper. I will never ever Invest in this as after seeing everything and evaluating every aspect of this GRX it looks more likely to be a ponzi scam to me
apoub coin - Nothing on that site to shout that we are legal. Only project information is available on the site, no information about the project team is there. Just like GRX, I will put it in the same category with GRX.
Sorry about that but it's Up to 1.1% daily, quite possible in the world of cryptos and tokens. Still, that 8% affiliate commision triggering my mind. Can't say how legitimate the site and project is but looks good on paper. I will never ever Invest in this as after seeing everything and evaluating every aspect of this GRX it looks more likely to be a ponzi scam to me
apoub coin - Nothing on that site to shout that we are legal. Only project information is available on the site, no information about the project team is there. Just like GRX, I will put it in the same category with GRX.
I've yet to see anything which says they will compete with companies in the fiat currency world.
need to know what projects to support ,you can run into fraud and then stay with nothing
That's a very high probability in this case.
I would rather not risk my money to that degree. All it takes is some big fud to lose it all on a platform. Say bitconnect, regalcoin, salt or any of those was cracked open and exposed as a ponzi and all similar platforms become exposed by default too.
But they are still working
need to know what projects to support ,you can run into fraud and then stay with nothing
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