BitConnect: A Self-Regulated Financial System Connecting Bitcoiners Worldwide
Coming in hot at cryptocurrency #12 by market cap, BitConnect has recently been on an upswing. But who is BitConnect and why the sudden positive sentiment? I’m not sure, but hope this research will unearth an answer…
“BitConnect is an open source all-in-one bitcoin and crypto community platform designed to provide multiple investment opportunities. BitConnect Coin is a peer-to-peer, community-driven, decentralized cryptocurrency that allows people to store and invest their wealth in a non-government controlled currency, and even earn a substantial interest on investment. Anyone holding BitConnect Coin in their wallet will receive interest on their balance in return for helping maintain security of the network.”
BitConnect: Social Media + CryptoCurrencies?
OK… that’s pretty cool. I don’t think anyone else is taking this approach with cryptocurrencies. I’d like to know more…
Bitconnect is a platform for Bitcoin or other electronic currency users to make a profit, buy and sell and exchange Bitcoins directly between the other members.
PoS minting: The moment you acquire BitConnect Coin it becomes an interest bearing asset. All you have to do to earn interest with this method is hold coins in your BitConnect-QT wallet.
BitConnect cryptocurrency mining: In addition to PoS minting, BitConnect Coin can be mined with CPU/GPU and does not need an ASIC miner as does Bitcoin.
The BitConnect Coin network is secured against attacks. The POW/POS system provides the perfect way to secure the BitConnect Coin network and keep it decentralized.
BitConnect coin specifications:
Coin Algorithm Scrypt (PoW/PoS)
Coin Abbreviation : BCC
Maximum Coin Supply : 28 Million
Coin base maturity : 50 blocks
Total PoW block : 262800
PoW block reward : 10 BCC
Block Spacing : 2mintus
Minimum Stake Age : 15 Days
Maximum Stake Age : 90 Days
BitConnect: “Gain financial freedom with a secure and practical alternative to centralized banking. This is not an investment tool; it is the investment tool you need to jump start your financial security!”
“Cryptocurrency with BitConnect is made to service you.”
“The process of becoming part of the BitConnect community is simple. Store and invest your wealth and earn substantial interest and investment. The moment you acquire BitConnect Coin it becomes an interest-bearing asset with 120% return per year. It is that simple. Congratulations on taking the initiative to financial freedom on your own terms.”
Unlike many other cryptocurrencies, BitConnect Coin doesn’t require centralized exchange platforms. It can be traded directly between community members, which makes selling and buying the cryptocurrency much easier than some of its competitors.
If BitConnect Coin continues to grow at the current rate, it will quickly turn out to be one of the best cryptocurrency investments of 2017, alongside the likes of Bitcoin, Ethereum, and Ripple.
BCC is the token ticker for BitConnect.
The primary markets for BitConnect are:
BCC Exchange under currency pair BCC/BTC
Livecoin under currency pair BCC/BTC
Novaexchange under currency pair BCC/BTC
BitConnect’s Twitter page is @bitconnect.
BitConnect- “A self regulated Financial system”
There are 3 channels in use to self-regulate the ecosystem:
Coin Supply Channel
Coin Demand Channel (BitConnect Lending & BCC Staking)
Coin Distribution Channel (BCC trading)
Investing in BitConnect Coin and Staking:
The moment you acquire BitConnect Coin it becomes an interest bearing asset with Up to 120% return per year through PoS minting. All you have to do to earn with this method is to hold coins in your Bitconnect-QT wallet. This means anyone holding BitConnect Coin in their wallet will receive interest on their balance in return for helping maintain security of the network.
BCC minting will continue until all possible BCC come into existence. The minting new coin commence as following interest rate:
Investing in BitConnect Lending:
You can invest BitConnect coin in Bitconnect lending from the BitConnect Dashboard. This investment option involves profiting from the Bitconnect trading bot and volatility software. You will receive daily profit based on your investment option. Upon investment term completion, you will receive your CAPITAL BACK to take out from the Bitconnect lending platform or optionally reinvest back in lending platform to continue receiving daily profit.
The BitConnect Roadmap:
Thanks for reading!