EthConnect The New Bitconnect? Make 20Times+ Of Invest Gains like Trevon James? Ready to do the experiment? An honest article about EthConnect ICO.

If you are waiting for the next lending platform just like I do this might be for you!
An experiment for science which you are welcome to join, but be aware that you are risking to get burned. Read the full article before making any decisions.

First of all: Who is Trevon James and what is EthConnect and Bitconnect?

For those of you who do not know Travon James, this guy is a Bitconnect evangelist who made enormous gains on buying in early on Bitconnect when it was about $7. He started promoting it in his community and made many videos about him profiting on Bitconnect while sharing his Bitconnect referral code in his YouTube Community. He is still making profits and also sharing them with his community. He was recently able to buy a nice car of those profits he made in 2017 as you can see in this Video he has done.

Sounds nice to make a ton of money right? So, what is Bitconnect, how does this work and can you do this as well?

Bitconnect is basically a lending, staking and referral platform, and EthConnect is a replica based on the Ethereum Network and is about to launch it's ICO ERC20 token called ECH on 1st of November 2017.

It works like this: You lend your money in form of BCC token or ECH token to the platform, the tokens will be locked for a fixed amount of time, so you can not withdraw your invest for a fixed time frame (we are talking about 120days+ here). The platform will use that money for trading with their trading bots and trading software and you will earn daily interest on your investment depending on the bots trading performance resulting in around 1-2% interest per day or about 52% interest per month. Furthermore you can earn money by referring the platform to others using a link that you are given. Since you will first have to buy BCC token and in this new case the ECH token which you will then be lending away you will also profit from rising token market value. Please note that those numbers are not 100% accurate but close enough to give a decent picture on how it works.

So let's say you have invested $100 in Bitconnect 200 days ago in May 2017 when the price was $12,67
You got about 7.7 BCC and hold it for 200 days you would have got about 30,8 BCC today
30,8 times the current BCC price of $194 equals $5975
You would have made almost a 60 times gain of your initial $100 investment without even reinvesting your profits or any extra referral income. Note that this is very simple math and it turns out to be much more complicated than this in reality. Still the 60times profit gains are pretty accurate when you do not calculate any referral income or reinvestments.

Sounds too good to be true? Well there are people like Travon James that have had those 60 times gains and even much more since you can reinvest and also start referring it to others which he massively did and is still doing.

So what is stopping us from simply investing in Bitconnect to make huge profits right now?

There are some things you should be aware of before investing in a lending platform like Bitconnect still, theoretically it is possible to make money on Bitconnect now, however some of the huge profits came from the over time growth of Bitconnect which had a 15times growth from about $12,70 to $194 in the last 200 days. It is not very likely that it will have another 15 times growth in the upcoming 200 days, so the idea of having 60 times total growth like Travon James had with Bitconnect does not work any more even if there is still good potential for profit like two or maybe even four times gains over the next 200 days if the system keeps on running stable.

So wouldn't it be nice to have another chance to jump on that train when it is just starting?

Regalcoin just started, it is a lending platform and very similar to Bitconnect and has had a massive growth over the past few weeks at around $10,49 and is now around $40 already. Looks like that train has already left the station as well. Now there is EthConnect which just looks like this is another of those lending platform trains just about to leave the station. It looks just the same as Bitconnect does but has some improvements and it runs on the Ethereum network.

So let's have a look at EthConnect in detail:

It is a lending platform replica of Bitconnect, even the user interface looks very similar.

Here is the EthConncect dashboard:

and here the Bitconnect dashboard:

They claim to make profits by using a trading bot based on the volatility of Bitcoin, this is also similar to what Bitconnect and Regalcoin are doing.

The referral structure is modified for EthConnect (lowered referral commissions and levels) to provide more stability and trust. (Talking about that later on)

There will be a staking Wallet where you will receive extra staking profits like other prove of stake coins such as NEO provides where you recieve a staking reward for holding the token.

It is planned to release a debit card for EthConnect which will be similar to other crypto debit cards like Tenx card.

The total supply of ECH will be 31,000,000 token just like Bitconnect's total supply.

The ICO will start on 1st of November 2017 starting at $0.50 per BCC token.

Here are some on the steps in the roadmap including their targeting ECH token value
See the full roadmap or check out their white paper for more information.

Open ECH token to exchange on December 20th 2017 target value: $30
(If they can at least hold this promising step early on their roadmap this would already result in a 60times profit.)
Open android APP in February 2018 target value: $50
Partnership in April 2018 target $100
(They are not making clear who they will have partnerships with at this point this would be a 200times gain if you buy the token at $0,50)
Marketing campaign in May 2018 target token value $120
Listing on Bittrex in July 2018 target $150
(Getting listed on Bittrex may be unlikely since Bitconnect is not even listed on Bittrex yet, Bittrex is very selective when it comes to new token listings)
Open ECH Debit card target $200
(There is no date given for the debit card release, however if they can release this debit card and if they reach their target value of $200 this would mean a total of 400times gain on your initial investment when you manage to buy the token at $0,50)

400times gain? That sounds fantastic, What's the catch?

Well, there are multiple catches on this thing. Even given that lending platforms are totally hot right now and we are in a growing economy, which partly explains where this kind of enormous gains are coming from, there is more to this story. You should be aware that there are multiple red flags for Bitconnect, Regalcoin and also EthConnect. Those are things people like Travon James have good explanations for or do not want to make it a topic at all. However I am going to tell you those things, so you understand what you are dealing with.

This sounds too good to be true? Maybe it is not true for the future but it seems to be true for now:

In my opinion what we are dealing with here is a bubble that will sooner or later collapse. I am neither saying it is a good or a bad thing, because it is both. As long as this will be going fine everyone will be happy with the results that they will be getting, but once it collapses there will be winners but there will also be losers who will get their money burned and here is why I think that will happen sooner or later to every of those three landing platforms which I am talking about. The only real question is how long will they run before they will collapse?

Here are the red flags I see and why I think they will ultimately collapse:

First: No names or faces to blame when something goes wrong.
One of the biggest red flags is that the team is not listed on the white paper or the website. Ask yourself how much can you trust a company that does not show who is in charge? Who are you going to talk to if something bad happens? What is in your opinion most likely the reason why a company should not show their CEO or the rest of their staff and advisors?
This is a huge problem we are seeing here, and this is true for Regalcoin, EthConnect and also Bitconnect. I saw a statement from Travon James explaining that to his community with the same reasons why Satoshi Nakamoto preferred to stay anonymous and that might of cause be the truth, but if you ask me there are reasons that are more likely why those companies prefer to stay anonymous.

Second: Weak social media impression and no GitHub activity.
For good ICO's it is important to be active in terms of social media because they have to connect with their customers and investors to build a strong community. Also the most ICO's have some kind of activity on GitHub where they share their code for others to check it and work with it. That is not happening for those three lending coins we have been talking about and it leaves me with a very weak impression. Look at their twitter or Facebook, what do you think?

Third: Bad rumours.
If you have a look at some forums or on Reddit and also here on Steemit you will eventually find several warnings about lending platforms like Bitconnect. I have not come across solid prove yet so I will not be talking about this too much, but it is being said by others that you eventually will get burned and that there is a good potential that the companies will run away with the money at some point!

Fourth: Multi level marketing referral system.
Everyone should know what a snowball system or a pyramid or ponzi scheme is, and most of you should know that this things do not work out at the end. However in my experience those systems can be stable for a while before they will collapse at some point. Also, if the scheme is backed with a product which holds any kind of value, there is a potential for those systems to stay stable for a whole lot longer. What I am saying is that those schemes are guaranteed to fail at some point but still can last for decades if they are well executed. For our lending platforms we see that Bitconnect is already performing for nine month and still works very stable, which means that is very much possible for it to stay another year or more before it will collapse. The degree of multi level marketing has a huge impact on the schemes overall lifetime and what we can see is that Bitconnect has the highest overall referral commissions with more than 25% possible commissions in total. For Regal coin we see slightly lower overall commissions with less level tiers which should bring more stability to the platform enlarging its total lifetime. The lowest total referral commissions we see with EthConnect, they are paying out about 13,5% total commissions over 5 level tiers. So if you ask me I would say that EthConnect has good chances to achieve about the double of Bitconnect's lifespan which is still growing, so there is a pretty good chance that it will still be here at the end of 2018.

Even that I am convinced that all of those three lending platforms will at one point disappear there is still that huge potential and it is still possible to make enormous profits on your investment just like our friend Travon James did. Key is to be early enough so you are not committed any more once the house of cards will start to collapse. However if you hop on early you go with it for the first six month, cashing out your invest at that point and decide to keep on rolling with the rest or cash it out as well. Still there is the possibility for our train to crash in the first six month which would result in a total loss of investment.

You have to ask yourself if you are a person who likes to play with fire even if you know that you will eventually get burned. If you rather prefer a very solid and safe investment, lending platforms are definitely not for you. Personally I like to try out new things to just collect my personal experience in many different territories. I think those lending platforms look very interesting and personally I was just waiting for a new one to pop up so I can jump onto it early.

So, I will be doing this little experiment where I will be sacrificing $100 to science investing it in EthConnect just to see how it performs. If you want to take part on that experiment you are of cause very welcome to join , but once more be aware that we are playing with fire here. You can use my referral link to become part of this study we are doing. Meanwhile I will be reporting how the experiment is going in upcoming posts.

My conclusion: lending platforms are too hot to ignore right now, but too promising to be true for ever. You should treat it like gambling in a casino rather than a solid invest. What do you think, will you do the experiment yourself? Let us know in the comments.

This is important: The whole idea of this article is to spread awareness on this kind of lending platforms. Right, there is profit to be made right now and yes, this is a very hot topic and I think many of us would love to give lending platforms a try in the fear of missing out. However you are betting against time which is never a good thing, you will get your hands burned on every of those three platforms and that is the point. What we are doing with this experiment is to get ourselves burned on purpose if you decide to take part in it. It is all about having the experience on how it feels to get burned but in regulated circumstances where you are aware that you will lose your money. As I already said this is a first in first out experiment, be aware that there will be some people that will not make it to get out in time, you could be one of them. So, okay go ahead and let's get burned together, but remember to not burn what you can not lose, and do not recommend this to others as a valid investment opportunity, instead let them know that this will fail, and if they also want to know how it feels to get burned, make sure they are not burning their house or their kids college fond.

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With much love

your @kanashimi