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RE: Bitconnect introduces second Shitcoin
Vitalik Buterin tweeted @ 02 Nov 2017 - 23:57 UTC
@bccponzi @CapitanEvropa @chrisachilli @SatoshiLite Yeah, if 1%/day is what they offer then that's a ponzi.
They actually don't offer 1%/day, it's based on how the trading bot using their volatility software performs. Some days it could be 1%, some it could be close to ZERO. Actually not that hard to believe that a trading bot can offer similar rates of return, since there are actually bots that do this already.
Since inception average rate of return has been 0.90%. Considering they promise additional 0.10 to 0.25 for investments higher than 1,000-10,000, it is fair to say that they pay 1.00% daily.