Quote from: Cakeonit on January 14, 2018, 09:24:30 PM

Quote from: Cakeonit on January 12, 2018, 09:21:30 AM

So I have to chime in on my experience so far with LCT.

1. The devs have been communicating well
2. The Telegram community is very active and growing
3. The site traffic is growing rapidly as shown by the Alexa rankings
4. The lending commission system is working well for those with referrals and is paying out quickly. This commission will get credited to your lending wallet
5. The ERC20 token system takes time to use and that is a problem for noobs not used to using ERC20 tokens on the ETH network at high network congestion levels; If you use 250000 gas and 30GWEI then your transaction to send in LCT it will take 2-4 hours for the LCT to appear in your client account. I believe this is because the devs have to push the tokens to your client wallet and they are busy from all the traffic but the LCT does get through, so you just need patience in this aspect. I hope they improve this.
6. Many people did not load the minimum ETH (0.01 or so ETH or a little less) that is required in the site client wallet and that is currently needed for your LCT to credit you account. However, you CAN send the ETH after you have sent your LCT but it will slow the LCT deposit process. Just send in the ETH whenever you can and it will get your deposit sorted out.
7. Reports are that the lending deposits are paying out at around the 24 hour mark; I can not confirm that yet because my first loan is only 22 hours old.
8. The daily payout for loans is indeed 5% until the 21st; this is to get investors to loan heavy and early to help jump start the system. For the platform to succeed people need to lend, a lesson learned by many other lending platforms that did not properly incentivize lending, payed out low interest rates, and thus the token prices dumped hard. So this team has the right idea.

So those are a few points that I have right now. I will update in a day and update the list after my first loan interest is credited and any other things I remember come up. Happy lending! Together with this team and community I think we will see 10$ per LCT or more in a month or less.

So here is an update for today. The payouts are working well based on lending contracts. The exchange has fully implemented real time exchange based loan and token pricing so that you get the top price for any loans made. For those who are afraid of making loans and subsequently seeing the price increase, the answer to that is the following. Immediately buy at market all the tokens you loan; then it's a wash against your bag, and you get the benefit of locking in profits very fast with the loan payouts, and you can still see the inevitable price appreciation that comes with the low supply of the coin. 1-2 million coins are now lent by my approximation, so that is a great start and was the goal of the devs. The Dev team continues to make continual improvements to the front and back end of the interface, and are meeting NOW to gear up for the launch of the internal exchange. The Telegram group remains a great place to get up-to-date information and the community is growing very fast. The major volume for the token is occurring on Coinexchange.io with Etherdelta a distant second. CE.io exchange is notoriously slow and expensive with their withdrawals and this is especially painful currently, as they likely use far too low gas and GWEI for the ERC 20 tokens, resulting in long (24 hours) delays on getting your withdrawals sent out. If this is impacting you, I recommend you do as I did and open a support ticket demanding they address this issue and pay appropriate gas/gwei. They currently charge 1 LCT (approximately 12-13$) for the withdrawal fee so there is no excuse for them to not cover the ERC20 token Etherium fee with adequate gas/gwei. Things remain bullish for the LCT token value, with most expecting a reasonable price rise over the coming week; the price is consolidating at the 12$ USD value, and has slightly outperformed BTC over the last day. Lending may have slowed slightly due in part because many have funds pending transfer from the CE exchange, and this - I reiterate- has nothing to do with the LCT team or interface. After the first day of price appreciation, many complained that they loaned too soon. I mentioned the strategy above (lend and buy LCT back on external exchange) to overcome this fear. I will contine to post here daily or at least every few days as things develop. Please join us on Telegram (https://t.me/lendconnectofficial) if you have any questions at all!

how can i join that telegram if you banning people just asking a simple question lmfao this lendconnect obvious a ponzi scam