Bitconnect has officially launched the ICO countdown to their newest platform, Bitconnect X.
The ICO begins in around 8 days. Bitconnect X will accept Bitconnect, Bitcoin, and Litecoin as payment in exchange for Bitconnect X coins.
Bitconnect X may be an opportunity for new users to take advantage of the services offered by Bitconnect, while getting in earlier to reap more gains.
BitconnectX may be the launch of Bitconnect's fiat to cryptocurrency exchange. Bitconnect may possibly be entering into direct competition with the likes of Coinbase and Gemini. The BCCPay preloadable debit card and the BitconnectX exchange are two expanded services offered by the company that may increase their longterm credibility within the crypto community.
Remember, if you do choose to invest, always invest responsibly. Never risk more than you can afford to lose.
Please let me know your thoughts in the comments.
Does the launch of Bitconnect X add to Bitconnect's legitimacy? I am speculating on the investor pool... will it be dominated by BCC loyalist? How does this launch effect BCC's current platform, coin, volatility and price performance?
I think bitconnect x is a way for bitconnect to trial trading against multiple currencies before they implement it later this year. By using another platform to test the system they reduce the risk of failure before they implement multiple currencies later this year as they have listed on the roadmap.
If the new Bitconnectx coin performs anywhere near BCC did in its first year, it could make a huge splash in the crypto ecosystem.
Or perhaps it is going to be something similar to binance coin. I've heard that bcc is starting their crypto to fiat exchange this year. Perhaps that's what bccx is
Relatively speaking, the price of Bitcoin is very impressive. Even those whom bought at the top (over $20k) will have a positive return on investmemt if they hold.
BitconnectX is will accept litecoin and Bitconnect aims to increase BCC trading pairs in 2018.