BitConnect Coin is an open source, peer-to-peer, community driven decentralized cryptocurrency that allow people to store and invest their wealth in a non-government controlled currency, and even earn a substantial interest on investment.
BitConnect Coin can be bought and sold both online and offline. However, the most popular way is to exchange them on crypto currency sites where you can buy, sell or exchange BitConnect Coin for another digital currency or fiat money.
The ICO will run for approximately 46 days beginning November 15, 2016 at 11:00:00 GMT and ending on December 31, 2016 at 17:00:00 GMT.
This pre-sale will be hosted by the BitConnect itself.
A maximum of 4.8 million BCC (BitConnect Coin) will be sold in the ICO, representing approximately 17% of total BCC (28 million BCC).
The BitConnect will host total 4.8 million BitConnect Coins during ICO period.
Any coins not sold by the end of the 46-day ICO period, including bittrex, will be held by BitConnect and their uses will be as follows:
Within 5 days of a successful ICO, BitConnect will release the BitConnect Coins to the Bittrex and to users who bought coins from BitConnect directly, and open the market for trading.
The BitConnect Coins are used by BitConnect Community members for bitconnect services and to store and invest the wealth in a non-government controlled currency.
The BitConnect Coins will also be used as payment system on number of BitConnect partner websites.
BitConnect Coin uses a special algorithm called the POW/POS to secure the BitConnect Coin network. The moment you acquire BitConnect Coin it becomes an interest bearing asset with 120% return per year through PoS minting. All you have to do to earn with this method is to hold coins in your BitConnect-QT wallet. In addition to PoS minting, BitConnect Coin can be mined with CPU/GPU and does not need an ASIC miner like Bitcoin does.