so This is the latest from bitfinite.co:
"Hello Everyone!
As all of you may know, there have some recent developments in the lending verse.
We would like to let our investors know that we will not change anything about our program, we will simply stay the course!
Our lending program and exchange will remain the same for now.
We are aware that some of our investors are upset, because of the delay of our exchange, that came with going fully External but this will be worth it!
The countdown timer for our External Exchange will be on our website tomorrow!
We would also like to let investors know that we have been very careful in staying within the law.
Bitfinite is not affected by the recent regulatory changes, like a few of our competitors have been"
I've invested in bitfinite before bitconnect and davor crash. I cant say I will do it now, especially not after the ICO phase when you need to risk alot of money to enter their lending and get a fine return each day.
I could have just lend all my ICO bought coins with the 6$ pinned price and get a nice return each day but I wanted to give them a chance because I think, like davor.io back then They are carefully watching the market condition and trying to do things different and accordingly -
They built an external exchange of their own: exchange.bitfinite.co. You need to sign up to it with a different user. No one did it until now. This will allow them to grow and become a mainstream exchange which will allow users to exchange between different crypto currencies other then bfc, but the bfc will be one of the main markets like binance. This will be a good stream of income for them.
They are delaying the exchange release (12.2) until the bear market is probably over and a bull market is on the rise after the senate hearing. This is good timing, when everything is on the rise lending can too.
They are saying that they dont have regulatory problems like the others and they are complaint with the law. While this seems comfarting Im not sure how much of this is true. but this is what people need to here in order to gain their trust back to lending platforms. need to check this out.
I still cant reccomend any one to Invest in this right now but for the people that is already in here, I would suggest to give them a chance and see how things are going in the next few days.
Crypto Maniac out
