Post
Topic
Board Announcements (Altcoins)
Re: [ANN][BCC] Bitconnect Coin - Decentralized Cryptocurrency
by
vickigoh
on 01/11/2017, 12:27:54 UTC
And most important i want to know how they fund their 1% daily interest to investors.

they use bcc of other lenders.

https://bitcointalk.org/index.php?topic=1681719.msg22977450#msg22977450

Use bcc of lenders mean us? For staking purpose? And also they are exchange to and charge 0.25% commission so another source of income

yes i mean new lenders. they pay the interest rates for the people that lent before basically. (albeit they only get "paid" the bcc once they hit the transfer button, read my old post).   as soon as they dont get enough new lenders, it will begin to collapse. they dont payout the interest rates from staking their 5,5M premined coins (i mean, essentially they could that but why would they use their own if they have enough idiots that continue to lend), staking is just generating more bcc for them which they can sell for btc.

Ah i see so basically is mlm unless they do also fund it with staking if not with no new lenders soon it will die