Bitconnect - how does it work and how to earn with it

You’ve probably heard of it and wondered how it works exactly and what benefits it can bring you. We've recently gave it a try ourselves and we're still in the process of establishing how profitable it is. We wanted to share our findings with you, if you find it appealing, feel free to try it out and let us know your feedback. Basically you can invest, stake, mine or trade, everything via the BitConnect open source platform. BitConnect prides itself to help you achieve a form of financial freedom, while providing you with all tools you need in the process. Bitconnect coin currently has a maximum coin supply worth 28 millions and the current available volume is 6 millions. What happens is that BCC has one main goal, which is help users create more BTC by lending out Bitconnect tokens to a BTC trading block. The more volatility BTC shows in one specific day, the more interest you’ll get via BitConnect, and we'll shortly explain how.

Bitconnect proposes a self-regulating functionality via 3 channels, while taking into consideration that the value of the BCC depends on the supply/demand report: coin supply, coin demand and coin distribution. You have 3 options in order to increase your earnings, first is to invest in coin supply and mint new coins, your earnings will be according to the mining difficulties, the less BCC are available via mining, the more valuable they are. You can focus your resources in this process and earn a percentage. You can also choose to invest in the coin demand channel with Bitconnect lending or staking, earnings can vary here as well but you’ll be guaranteed a solid return. Third option you have is to invest in the coin distribution channel and trade BCC on the exchange platform, with this options earnings can get higher, but there is also a risk involved. Always take into consideration the risk factor when working with this type of platform. 

By downloading a special Bitconnect wallet, you can stake, lend or trade the coin and see how your interest is growing accordingly. The more BCC you decide to hold, the more you can earn. When it comes to lending BCC, you can do so with other users of the community on your own terms, this guaranteeing you an interest as well.  

BitConnect promises to make the whole process smooth and user friendly, we're fairly ok with the functionality of the platform so far. Once you log into your BitConnect account, you will find the system is pretty intuitive, showing you comprehensive stats and guidelines. You can check out the video above for a full tutorial on how the platform works.