FOR IMMEDIATE RELEASE – (November 16, 2016) – Some websites and online destinations just have that “it” factor. BitConnect seems to be one of those places this year. This popular Bitcoin community is now preparing to go from the latest Bitcoin news, local meet-ups and Bitcoin lending to their first-ever Initial Coin Offering with their innovative new BitConnectcoin.
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 Bitcoindoes.
Starting the ICO November 15th, 4.8 million BCC, or BitConnect coins, will be offered during the pre-sale period. 2.4 million will be sold through Bittrex and 2.4 million will be offered directly by BitConnect. This pre-sale will continue throughout the balance of 2016, ending on December 31, 2016. In all, there will be 28 million BCC.
The BCC distribution schedule will operate as follows:
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