As it stands today, Bitconnect customers in the United States will not be allowed to participate in the highly anticipated BitconnectX ICO launch. This follows news of a cease and desist letter issued to Bitconnect by the Texas SEC last week. Bitconnect initially responded by requiring customers in the U.S. to choose their state of residency however, we can see now that they have taken more conservative measures when dealing with U.S. customers. Sources are saying that a cease and desist letter has been issued to Bitconnect by the North Carolina SEC as of today.
At the time of writing this article, the first round of the BitconnectX ICO has already sold out. The first round of the ICO kicked off with a BCCX coin price of $50 per coin. This price point seems rather unprecedented for an ICO, particularly one that did not offer a whitepaper until after the ICO commenced.
Buyers will receive a 5% discount up until January 24th, with a 2% discount provided to customers that purchase between Jan. 24th and the end of the ICO. The BitconnectX ICO is scheduled to last for 45 days, with the launch of the exchange due in Q2 of 2018.
What do you think about Bitconnect disbarring U.S. participation in the BitconnectX ICO? Is the initial price of the coin a cause for concern? Want to know more about the picture taken?
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