We all know that this week Bitconnect collapsed when the cryptocurrency markets came down. This left many investors down and out.
However, it seems as if Bitconnect is trying to start over as a new scam ICO this time. They are currently raising funds through a new ICO called BitconnectX.
https://www.coinbureau.com/ico/bitconnectx-attempt-scam-investors/There is almost 0 transparency over this project. There are no developers, leaders nor do they even have information on the company or any legal disclaimers.
Most importantly though, for an ICO they don't even have a whitepaper! Just some vague references to PoW and PoS mining.
Looks like a legit scam to me. What are your guy's thoughts?
I do not think BitConnect is a scam, and I do not think so. The ico-based MLM to attract investment sooner or later will collapse, which is inevitable when they no longer have enough money to pay for the investor it will collapse. BitConnect will launch a new ico that will attract many investors because it has been very successful, there will be a lot of people to pay attention to it and invest in it.