No, this is not a Ponzi scheme. Unlike Bitconnect that promised 300%+ interest per year, we have a legitimate, working business model and we pay sustainable reward rates.
Reward payments are funded by our lending business, we lend the coins users transfer out to hedge funds, institutional traders and exchanges, among other corporate partners. These partners deposit up to 150% collateral with us to secure the coins we lend them, and they pay us interest on those loans. We also lend dollars to our customers, with digital assets as collateral, and earn interest from those loans too.
We aim to return 80% of the revenues made from lending out our community's assets back to our community on a weekly basis. Because the rate of returns we can achieve in the lending market change nearly every day, we adjust the rates that our community earns on their digital assets on a weekly basis.