What is Bitconnect ?

 

Well, Bitconnect is basically a cryptocurrency. It's a self regulated financial system. It's an open source platform. You it has a Bitcoin and crypto community, there's multiple investment opportunities. And Bitconnect has a lot of Bitcoin news. With big Connect, you can invest, stake trade, and mine and we'll go over some of what that is here shortly. Now the bidconnect investment opportunities, you can invest by lending and earn daily interest on the money that you lend. Now you can stake you earn interest by holding bit Kinect coins, you can trade trade Bitconnect coins for bitcoins, and vice versa. And you can mine bit connect coin. So mining is a lot more complicated.

 

Now lending, the whole process of lending is you deposit bit coin into the bit Connect account or platform, you deposit it into the wallet on the bid connect with those bitcoins in your Bitconnect in your bitcoin wallet, you trade or exchange for Bitconnect coins. And with those Bitconnect coins, you lend those coins, basically to the trading bots, or Bitcoins, bit connects trading bot they call it and on those Bitconnect coins, it basically gets converted to money and on that money that you land, you earn daily profit, it actually comes out in dollars. But to get it quicker, it converts into Bitconnect tokens which you can either can you can hold or you can vote into Bitcoins.

 

 

 

Now, Bitconnect coin lending interest there's different interest rates that you get when you lend a certain amount of money. The minimum you can lend is $100. And if you lend between 100 and 1000, you get no additional interest rate there's a daily interest rate that's set. And you'll get that amount. Now if you lend between 1010 to 5000, you'll get that daily interest plus point 1%. And if you lend 5010 to 10,000, you will receive that daily interest plus point 2%. And with 10,010 $200,000 you will receive that daily interest plus point two 5%. Now you will also get your money back in certain timeframes. If you lend between 100 and 1000, you get it back in 299 days. Now the more you lend the faster you'll get that initial money back. If you land 10,000 to 100,000, you'll get it back in 120 days. So pretty much the gist of it is the more you land, the more daily profit you get and the more you land, the faster you get that initial capital back. Now a Bitconnect also has a referral program where when you refer somebody and all the money they put in or lend, you receive 5% of that person lands and if that person refers As another person you received 2% of that money that they lend, you see, it's a whole system that they've got going. Now staking is something I don't do yet because I don't have enough Bitconnect corn coins. I don't have enough money to invest in that but I one day I will get to that level. Staking is basically depositing Bitcoins, trading those Bitcoins for Bitconnect coins and holding Bitconnect coins. And when you hold them, you earn interest rate, like 10% per month in the first six months. Now, you can also trade coins, which is pretty simple, you buy bit connect at a lower price and you sell them at a higher price. And there's also a bit connect coin mining you which requires hardware. It requires you to download a miner and join a mining pool and that's all really a lot more complicated thing that I'm gonna get into right now. And that's all I have for today , thank you have a good day.