In the world of cryptocurrency, you can be sure to find some promising options out there, but be warned, there are as many bogus players as well who are out to play games with your money. To know which is right and what to avoid, checking out reviews online and seeking to learn more about any option before you set your feet in the water.
It is always wise that you are sure before investing your money. Well, you need to check out our review to be sure if you are in for the real deal or you should reconsider your decision.
Nexcoin is considered a new decentralized cryptocurrency to be used by users looking to send money to friends and family or pay for goods and services. However, the aspect that is expected to get the best of most investors about this project is a lending platform, which is promising to offer investors interests of up to 45% in a month.
Cryptocurrencies And ICOs On The Rise
The new currency has seen major advance lately with the total market cap hitting around $200 billion. Bitcoin remains in the lead, but other smaller cryptocurrencies as Ethereum and such are seeing major gains with time. The trend has also seen the emergence of ICOs, also known as Initial Coin Offerings.
And the ICO market is gaining traction as well, with a total of more than $2 billion having been raised so far. The new method is further receiving more preference as an ideal type of funding, and it is apparently overriding the more conventional methods.
Many industries have jumped into the world of cryptocurrency recently. And lending platforms are the type of ICOs that is seeing major success among others. The projects are ideal for offering investors high-interest returns after lending them money.
One of the leading options is But connect, which has grown from the initial $0.5 price to more than $250, recording a market cap of $2 billion as the seventh largest cryptocurrency and still counting.
So How Does NexCoin Pay Such Significant Interests?
The platform is reported to be making money through trading bitcoin using a trading bot referred to as altbot1. Allegedly, thanks to the fact that the bot trading is based on volatility, it can make money whether or not the Bitcoin price goes down or rises. As such, the interest rate offered to users depends on the volatility that Bitcoin has seen on a particular day.
NexCoin Lending And Referral Programs
This cryptocurrency is claimed to offer four options when it comes to its ICO lending, which varies on several aspects. Besides, it is reported to have an opportunity for the members to take part in a referral program, where members can get up to 7% commission.
Is Nexcoin Really Legit?
It is important to note that these investments involve very high risk. It is thus important to ensure you don’t invest more than you can afford to lose. Besides, when you hear about bots and affiliate programs in these types of investments, you should know it is a red light from the start.
We do not recommend investing in Nexcoin altogether, but if you are willing to give it a shot, then ensure to be cautious.