Details about Bitconnect cryptocurrency
Bitconnect
BCC
1+ (click to see list)
2016-12-24
Scrypt
2
€5
28,000,000
1
Unknown
Bitconnect price charts
BCC exchanges
Bitconnect, the crypto
Bitconnect (BCC) is a cryptocurrency that aimed to provide a lending and trading platform to its users. It was launched in 2016 and gained popularity in 2017 before eventually being shut down by the authorities due to its fraudulent nature.
The point
The main point of Bitconnect (BCC) was to offer a lending program where users could earn interest by investing in the platform's cryptocurrency. The interest rates offered were highly unsustainable and relied heavily on recruiting new users to the platform. Bitconnect also had a trading platform where users could buy and sell cryptocurrencies.
The problem
Bitconnect (BCC) did not aim to solve any particular problem. Instead, it offered a platform for users to invest their money and earn high returns. However, the scheme was eventually exposed as a Ponzi scheme, and the company was shut down by authorities for defrauding its users.
Compare BCC and BTC performance
| Timeframe | BCC | BTC |
|---|---|---|
| 1h change | 0 % | 0.109009 % |
| 24h change | 0 % | 2.18406 % |
| 7 day change | 0 % | -5.76209 % |
| 14 day change | 0 % | -3.00974 % |
| 30 day change | 0 % | 1.6345 % |
| 200 day change | 0 % | 125.613 % |
| Year change | 40439.4 % | 125.789 % |