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  • Having collapsed in March, it appears the company’s anonymous admin(s) are attempting to steal even more money with a reboot.
  • LCT points are sold to LendConnect affiliates for between 60 cents and $1.10 each.
  • When a predetermined threshold is reached, the anonymous LendConnect admins pull a runner with what’s left.

Ponzi schemes do give a bit of profit to initial investors but more than 90% are left to bite the dust and end up losing money. Another thing that’s suspicious is that the MLM owner  of LendConnect remains anonymous for god knows what reason. There’s also no evidence at all that there’s any trading or that there’s revenue that comes from these activities in LendConnect to pay members.

After that, the admins use this money to pay ROIs, this works as long as new affiliates keep signing up to the MLM. LeadConnects admins just excuse themselves for being anonymous just because etherlite chart they don’t like paying taxes. Like anyone is going to do business with someone that thinks it’s above everyone else. We’d like to thank you for taking time to read our LendConnect review.

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LendConnect provide no information on their website about who owns or runs the business. A very easy experience, Albert was great to work with, a world of difference from dealing with the bank! The LendConnect team considered our individual circumstances and worked with us to provide a solution.

  • EtherLink affiliates give the company’s anonymous owner ethereum on the promise of a daily 1.5% to 5% ROI.
  • We love seeing everyone at the annual LendConnect conference, but we’ve found that once a year is too long to go without saying “hi!
  • Another thing that’s suspicious is that the MLM owner  of LendConnect remains anonymous for god knows what reason.

Why should you choose LendConnect above other lending programs? LendConnect offers the highest daily interest rate, not temporary. Multiple lending tokens/coins will be traded on our platform.

This actually means that LendConnect does financial fraud, whether you want to be a part of that it’s up to you, I personally wouldn’t recommend it. If a member wants full participation in the MLM opportunity, LendConnect requires a minimum investment of $100 in LCT points. LendConnect members can buy LCT points – like any other ICO – from the company’s owners, the identity of these owners is unknown. These LCT points are sold to members for a price that varies between 60 cents and $1.10.

EtherLink Review: LendConnect ICO lending Ponzi reboot

LendConnect is a unique lending platform that combines all lending platforms like GoldReward, Hextracoin and many other aswell as the ICOs connected to these platforms. You can lend, stake and trade LCT like you are used to with other lending programs. From applying to getting the money in my account in less than 2 days. Never applying for a personal loan any other way again. I also like the referral program, will put the money from that towards paying out my new loan. That is why, we first started out by learning how to become a good marketers, but you don’t have to be a good marketer at all!

Fit-for-Purpose Loans

Bitcoin.com is just one domain name used to promote Bitcoin. Just like nobody owns the email technology, nobody owns the Bitcoin network. Early LendConnect investors make a bit of money (mostly via recruitment how to cancel target order of new investors). But same as any other Ponzi scheme, the reality of such scams is that the majority of participants eventually lose money. Once affiliate recruitment dries up so does the ROI reserve.

LendConnect (LCT) Token Distribution

When a predetermined threshold is reached, the anonymous LendConnect admins pull a runner with what’s left. Full participation in the LendConnect MLM opportunity requires a minimum $100 investment in LCT points. Simply because we don’t have the supply for it, there will be a total of 3.5M LCT in total circulation, and 500K LCT will be hold by developers how to buy pirate chain and team members. You can exchange your earned money directly via our exchange button, and sell your LCT on our internal exchange. When a referral of your referral buys a lending contract, you will receive a 4% bonus of that deposit, and so on.. I.E. you will receive a 8% referral bonus from your referral when he/se buys a lending contract.

EtherLink affiliate membership is free, however free affiliates can only earn referral commissions. LendConnect affiliate membership is free, however free affiliates only earn referral commissions. Could not recommend highly enough as a loan provider in the market. Anonymous admins give pre-generated points – in this case, LCT points – in exchange for real money.

One final red flag I’ll address is the sentiment that LendConnect’s owners have been active in the MLM underbelly for a few years. The admins then use some of this money to pay promised ROIs for as long as new affiliates sign up. Admins (who are typically anonymous) offload worthless pre-generated points in exchange for real money. The LendConnect website domain (“lendconnect.io”) was privately registered on November 14th, 2017. In the future
it will be possible to trade LCT for any other lending token or coin. Use Blacklist functionality to avoid sending the request to people your teammates are already reaching out.

The LendConnect domain – “lendconnect.io” – was registered just a few months ago in November. EtherLink has no retailable products or services, with affiliates only able to market EtherLink affiliate membership itself. LendConnect has no retailable products or services, with affiliates only able to market LendConnect affiliate membership itself. We love seeing everyone at the annual LendConnect conference, but we’ve found that once a year is too long to go without saying “hi!

We learned how to make money online WITHOUT being great marketers (Click Here To Stay Updated, And To Find Out More about HOW)! If you don’t want to be in a business that requires you to host home parties or call all your friends and recruit your family to buy your stuff no worries. LendConnect doesn’t offer any products or services, members can only do business with the company’s memberships.