By Kajigore - 03.12.2020
Bitconnect coin market cap
About BitConnect. BitConnect (BCC) is a cryptocurrency. Users are able to generate BCC through the process of mining. More information can be found at. BitConnect coin is an open source, peer-to-peer, community driven decentralized (without having one central area of command) cryptocurrency that allow people.
It was one of the most well-known Ponzi schemes that have ever taken place in the digital world and its crash bitconnect coin bitconnect coin market cap cap one of the most abrupt collapses affecting the whole cryptocurrency market.
The company BitConnect Ltd. Initially posted on Just click for source in Novemberthe project has attracted a lot of negative bitconnect coin market cap from the very start.
The number of tokens was limited to 28 million with 4 million of those given away via ICO.
The switch was supposed to happen when the number of blocks reachedFor each newly created block, miners received a bitconnect coin market cap of 10 Bitconnect coin market cap.
The platform was designed to work in the following way. Users were exchanging bitcoins for BitConnect tokens on their exchange platform gaining daily profits in the form of dividends.
The company claimed bitconnect coin market cap have developed a special investment algorithm that implied purchasing Bitcoin at low prices and selling when its value was high.
However, no details of how this algorithm bitconnect coin market cap have ever been publicly provided which caused more suspicions.
No information about people who stood behind the project and how they were going to achieve their goals.
Bitconnect coin market cap white paper. Also, the platform was promoting bitconnect coin market cap referral program which was strongly advertised by many cryptocurrency-oriented channels on YouTube.
The owners of these channels were getting more profits as more people were joining BitConect via their bitconnect coin market cap referral links. The BCC coins were used mostly within BitConnect itself and it was difficult to exchange them as not many platforms supported them.
Users could make long-term investments or use BCC to make loans. Eventually, its bitconnect coin market cap scheme of making money drew the attention of the US authorities, visit web page in a couple of weeks, the project received cease and desist orders from the regulators.Did CoinMarketCap Nuke Bitconnect? - More Bitcoin
The company decided link close the project on January 16th,making it impossible for investors bitconnect coin market cap withdraw their earnings. This was one of the biggest collapses in the whole history of cryptocurrencies and the whole market turned red that day.
At the time of writing, there still exists bitconnect coin market cap page on the FBI's official website seeking victims in the BitConnect investigation.
The page contains a form with a questionnaire that BCC investors can complete with a bitconnect coin market cap hope to gain their funds back one day.
Bitconnect coin market cap coin market cap may think that cryptocurrency investors might have learned their lesson after such a large-scale deception, but projects similar to BitConnect keep arising again and again, although the hype around them is not that big. One of such projects was launched by the creators of BitConnect themselves.
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