Rise.Eco seems to be interested in building what Bitconnect should have been. They claim to have an AI professional trading bot that has beaten the markets since 2012. They do claim on their website however, that you can receive passive income forever, and this might be a red flag.
However, Rise claims to have been around a while and will be able to generate some of their revenue from licensing fees from other companies renting their trading software as well as several other methods. Rise also claims to have one app to connect all your wallets to allow you to trade all your altcoins so this could either be really helpful, or it could be another red flag. Rise also says that they attended the Blockchain Cruise held by CoinsBank a few months back which lends them more credibility. You can see more events they’ve attended on their website.
Rise.eco is also the owner of the Uptick app which claims to have 100k users and $50 million under management. There are also multiple articles written about them on their website. And the Rise team is very transparent with who they are on the website as they have several team members listed with full Linked In profiles. I’m tempted to invest here, but I haven’t invested into any ICOs in a few months. U.S. investors are probably blocked from this ICO. Their public sale is scheduled to start in just a few days.
Rise also prides itself on having realistic predictions for returns on investment as well as disclosing more information about their trading bot such as ranking different cryptos with their bot and letting the trading algorithms decide when to invest or trade. I definitely see this as a more legitimate company than Bitconnect ever was and they are much more transparent, but I would still say there is risk here and possibly more than they would have you believe.
great update i'm definitely gonna try this app it looks interesting so thanks for sharing :))
Thanks, but the ICO is going to be launching soon. The app probably won't be out for at least a few months.
I would like to see where their ICO goes in the first 4 weeks
As a lot of people before this reply... I think it is uhm.... . "they claim to have..." ohkay. "income forever" ohkay.
Return of investment?
So I need to invest, okay.
Do you get the private keys?
This is just advertising and more information would lead to an benefit.
I hope I am helpful.
Regarding
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I agree they seem to be over promising on their ICO. It's difficult to dig up a lot more info on their company as a whole, they have more promises on their website such as coming out with their Rise app and striking new business partnerships, but I wish I could find their source code somewhere. They are promising that you will always be in charge of your funds, but it's probably easier to wait and see what happens with this project.
Looking forward to giving this a try when it hits the market! Hopefully not another misleading product :D
you are great friend congratulations
Do they have any data, proof of their algorithm or anything on the actual product? "Investing Like a billionaire" Looks like it's a little bit of overpromising.
Yeah, I agree. Investing like a billionaire is hard to hear in this bear market. They claim to be the owners of the Uptick Iphone/Android app which has over 100k users and 50 million in investments.
Looks like a big fat red flag to me. Anything based on making money forever on a 'trading' bot seems a bit dodgy to me.
I would like peoples opinions on BIX token from the bibox exchange though. Similar to ku-coin shares but they seem to run the exchange on minimal profits. The only thing I can see as the saving grace (as the catch of the BIX tokens) is you need to make 1 trade per week to get your reward. I'd love some feedback.
@alhoppo
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if people are interested in trading AI bot that gets money 24/7 for you by trading BTC, check out Scavenger BOT ->
However i have to look into Rise and see the whitepaper and everything, before i can fully comment