As you know, BitConnect has initiated its powerful new BitConnect coin ICO this month. The plan was for a split 4.8 million new coins to be created and sold equally between bitconnect.co and the Bittrex exchange. Bitconnect has just received an update on this from the executives at Bittrex and their ability to participate in this ICO to close out 2016.
It appears that after the ICO is completed at the end of the year, you will be able to purchase your BitConnect coin at Bittrex in 2017. In response, bitconnect.co will handle the ICO internally for all 4.8 million coins in the initial offering (28 million in total,) so the official ICO website will be the exclusive provider of the Bitconnect coin. The BCC distribution schedule will continue to operate as follows:
From November 15th to November 25th will have 1400 Coins per BTC (40% Bonus.) November 26st to December 5th – 1300 Coins per BTC (30% Bonus.) December 6th to December 15th – 1200 Coins per BTC (20% Bonus.) December 16th to December 25th – 1100 Coins per BTC (10% Bonus.) December 26th Onwards – 1000 Coins per BTC (0% Bonus)
BitConnect coin uses a special algorithm based upon both Proof of Work and Proof of Stake 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.
For more information on how to take advantage of this exciting investment opportunity, visit https://bitconnectcoin.co/