Bitconnect scam alert! Is this 800 million dollar cryptocurrency a ponzi scheme?

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What is bitconnect?
Bitconnect trades with the symbol BCC and is the 15th largest cryptocurrency in the world with a 880 million dollar market cap. It is currently trading at $134 and its unique value proposition is it's trading bot that guarantees to make a profit of 1% per day buying and selling bitcoins.

I am offering a $1000 bounty that I will personally pay to anyone that can prove beyond a reasonable doubt that this trading bot exists.

If this sounds too go to be true you feel the same way I do. I have doubts that bitconnect coin is a legitimate blockchain technology and is instead a new type of blockchain ponzi scheme.