What is Bitconnect (BCC)?

Bitconnect (also spelled BitConnect and KimConnect; stylized bitconnect, ticker code BCC) was an open-source cryptocurrency in 2016–2018 that was connected with a high-yield investment program, a type of Ponzi scheme.

What was the Bitconnect (BCC) Ponzi scheme?

BitConnect (BCC) was an allegedly open source cryptocurrency and the native token of the now-defunct ponzi scheme BitConnect. Launched in February 2016, shortly after the project itself, BCC aimed to function as the means by which participants in the BitConnect scheme invested and received payouts.

Can you lend BCC coins to Bitconnect?

You can then lend your BCC coins to the BitConnect platform in exchange for a profit. BitConnect claims that the profit is generated by “Volatility Software Interest”–in other words, trading bots that automatically buy when prices are low and sell when they are high.

Where is Bitconnect based?

We know that BitConnect was publicly launched on November 15, 2016, and that it’s supposedly based somewhere in Asia, and that’s about it. There are individual BitConnect websites for Vietnam, South Korea, India, Indonesia, Japan, Thailand, Cambodia, and the Philippines.