EtherLink Review: LendConnect ICO lending Ponzi reboot
EtherLink provide no information on their website about who owns or runs the business.
The EtherLink website domain was first registered on April 5th, 2015.
The domain registration details were last updated on April 5th, 2018, which is presumably when the domain’s new anonymous owner(s) took possession of it.
If you click the “whitepaper” link on the EtherLink website, you’re presented with a whitepaper for “LendConnect v.3.0”:
A visit to the LendConnect website reveals a March 19th “re-branding” announcement:
Re-branding confirmed! All details will be released soon.
From this we can surmise EtherLink is a reboot of LendConnect.
LendConnect was an ICO lending Ponzi scheme launched in late 2017.
Having collapsed in March, it appears the company’s anonymous admin(s) are attempting to steal even more money with a reboot.
Read on for a full review of the EtherLink opportunity.
EtherLink has no retailable products or services, with affiliates only able to market EtherLink affiliate membership itself.
The EtherLink Compensation Plan
EtherLink affiliates give the company’s anonymous owner ethereum on the promise of a daily 1.5% to 5% ROI.
- invest $100 to $999.99 and receive a daily ROI for 120 days (capped at 155% a month)
- invest $1000 to $14,999.99 and receive a daily ROI plus 0.1% daily bonus for 100 days (capped at 158.1% a month)
- invest $15,000 to $49.999.99 and receive a daily ROI plus 0.2% daily bonus for 80 days (capped at 161.2% a month)
- invest $50,000 to $100,000 and receive a daily ROI plus 0.3% daily bonus for 60 days (capped at 164.3% a month)
A 4% referral commission is paid on investment by personally recruited affiliates.
EtherLink affiliate membership is free, however free affiliates can only earn referral commissions.
Full participation in the EtherLink income opportunity requires a minimum $100 investment.
Having squeezed every last drop out of gullible idiots investing into LCT points, LendConnect’s admins are back with a new scam.
After pumping at $40 back in January (when the admins cashed out), LendConnect’s LCT points dumped to their current value of 5 cents.
Daily LCT trading volume has been less than $10 for most of the week.
EtherLink claim to be “the world’s first Ethereum-based lending platform” – which is baloney seeing as every lending platform since BitConnect has been a two-minute job ERC20 token.
Our ultimate aim is to turn LendConnect into a fully functional exchange.
It will be open to anyone who wishes to list their coins.
This means that a diverse selection of tradable coins will be available in the future.
On our platform, you can trade not only LCT, but every other lending coin in existence.
The only difference between EtherLink and the sea of ICO lending Ponzi clones out there, is plans to open a Ponzi token exchange.
I suppose the idea is that transaction fees will sustain EtherLink’s ROI payments longer than solely relying on new investment.
For what should be obvious reasons however, the appeal of an exchange that primarily deals in Ponzi tokens is going to be limited.
Not withstanding the fact that in setting up an exchange, EtherLink becomes an attractive honey pot for law enforcement agencies.
In any event, EtherLink is as sustainable as the original LendConnect Ponzi scheme.
Once new investment dries up, it’s over and you lose your money.
What with lending ICO Ponzi interesting at an all time low following the collapse of most of them, don’t count on EtherLink being around too long.