The ico phase have officially ended and we will be able to lend and exchange the coin.
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Many will say "hooray, Chrysos is not a scam". While yes it might be true that they lending platform did launch and you are gaining from your investments, are you really?
Right now your are able to lend each coin at $14 which is excellent for people whole got in at the ico phase of $1.85 which will more than multiply your initial investment by 7 TIMES. I don't know about you but that sounds good to me. However, right now till February 15 there is no good way to cash out. Chrysos is the only exchange at the moment that is allowed to trade the coins. With that the price of the coin locked at $14. Is this a problem? Kinda, if Chrysos were to go down for any reason you would lose your money because there are no external exchange. This sounds kinda like Bitconnect, they didn't allow outside exchanges to trade the coin so when people were skeptical they were gonna close there is not thing they could do. Hopefully we can make it out of this trial period and open the external exchange so that we can become more secure with our money.
For a fully disclaimer, I am also currently invested into Chrysos so I do hope it is here for the long haul, so that we may all make a fortune and retire, to sip mojitos on the beach.
Referral link- https://lending.chrysoscoin.com/register?ref_=BmvvZqm
