Re: [ANN] HextraCoin Cryptocurrency ICO Live Now !!

Who tried it? Lending model profitable?

It's not, as they only offer an internal exchange that doesn't work. So you CAN'T exchange your profits to BTC. (You have to convert USD to HXT first, but you CAN'T exchange to BTC to withdraw. Besides: withdraw doesn't work either)

So, the loan payouts are usually OK, although a better HXT value would help, but you are NEVER able to cash out/withdraw.

that's strange. Why I need this currency then, if I can't withdraw it?

You don't. You shouldn't invest here at this point. Withdrawals and the exchange worked relatively well until beginning on this year.
Unless BTC recovers, it's way to expensive for them to pay us all out.

Why would they depend on BTC? Their whole Business model is take your Hextra coins and give you hextra coins back after the lending period. They don't have to give you any BTC. You need to exchange your Hextracoins into BTC at your own risk

if BTC down, they need to give you more HXT coins which is why they manipulate the price right now.
maybe if people hold a lot of coins, they can dump or pump the price whenever they want and hextra doesnt want that.

BTC is growing back now. Let's see how it will affect Hextra, hope they will be able to reanimate internal exchange asap.

Most people did their Lending at prices of $20-30 and bought back coins with the interest around the $5 level so I think Hextra is pretty screwed right now. I lent 8 Coins and have 31 coins back right now without even getting my capital release. Hextra is losing big on that side. I think they have to give back ways more coins than they have so they only have 2 Options:

1. Buy Coins to be able to pay people out

2. Exit scam

Guess what's more likely to happen