Gold Reward
ICO Review
There's another lending platform with an ICO. Their sale is set to start on the 13th of October.
https://goldreward.io/
What is Gold Reward?
Just like bitconnect and more recently regalcoin, the new platform offers lending and is offering users a huge interest rate of up to 35% per month. They make money by trading bitcoin and other altcoins which allows them to pay such a high rate of interest on any money that is sent to them.
The new platform has 3 main functions- a cryptocurrency coin that can be sent as payment or gifted to friends like with bitcoin and other popular coins, a gamification technology and fuel for an intelligent analytics engine.
How does it work?
Once their ICO is finished the new lending platform will go live. To set up a loan all you need to do is log on to the platform, deposit Bitcoin or Ethereum into your account and exchange it for the new GRX token.
Interest rates
The new website states that they offer interest rates based upon how much you lend them, interest rates are paid daily directly into your account, the details are:
$100-$1000: Up to 1% interest daily with your capital returned after 280 days.
$1001-$5000: Up to 1.1% interest daily with your capital returned after 260 days.
$5001-$12,000: Up to 1.2% interest with your capital returned after 170 days.
$12,001-$100,000: Up to 1.3% interest with your capital returned after 120 days.
Referral Program
As with most of these lending platforms they attract new customers by using a referral program. The Gold Reward program offers an attractive referral rate of 5%. Down lines are capped at a max of $200. This actually makes it sound more realistic than some of the other platforms available.
You can get started with my referral link to get a 10% bonus:
Roadmap
February 2017: The new GOLD reward token was first developed.
March 2017: Their new trading bot was launched, they've since tested it for 6 months.
March 2017: The new gamifaction API was designed.
April 2017: The new platform initiated partnerships with mobile app developers.
May 2017: The staking and lending platform was designed.
October 2017: The pre sale and ICO is set to go live.
Gold Reward ICO details
Token name: Gold Reward token (GRX)
Total token supply: 20,000,000
Available tokens for ICO: 17,500,000
The ICO will have 3 stages with 3-5 million tokens released during each stage.
Conclusion
If you missed out on the ICO of other lending platforms this new sale is your chance. Bitconnect has risen to over $100 per token and Regalcoin is fast catching up with a price now over $25 per coin.The lending platform offers a high rate of interest that is sure to attract many investors.
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