I think It is a step in the right Direction ! I am a active user of bitconnect coin myself and that was one thing I was not pleased about .
The restriction of the level of referrals will surely add a great deal of stability to the program.
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I feel they did what ever it takes to get their coin off to a roaring start. But now that they’re worth so much and have such an impressive brand and user base, they have to think about long term sustainability.
I’m expecting more changes to their program moving forward.