I am amazed to see how people invest into Altcoins without understanding its business model.One such altcoin I would like to talk about is ATC coin-It was founded by Mr Subhashchand Jewria in March 2017 with it's initial value as 0.0154 $ today (as I write this article ) it trades at 0.59 $ and has also reached a all time high of around 1.8 $. ATC coin does not have a business plan rather all it has is a marketing plan to trap investors with ponzy schemes like reward plans which includes Accidental insurance policy,Family trip to London and Singapore and also cars like Jaguar and Mercedes Benz. Altcoins like ATC coin only have lucrative marketing schemes but does not have any business model to earn.Thus,before investing into any cryptocurrency, researching the currency is of paramount importance and also the administrative system of every country should be alert with coins like ATC as done in India and the law should take it's course.Please read this link for further details:-
https://www.google.co.in/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0ahUKEwi7mrrIqO7WAhVHP48KHcOxAVEQFggkMAA&url=http%3A%2F%2Fwww.moneycontrol.com%2Fnews%2Findia%2Fpolice-book-atc-coin-founder-for-diversion-of-funds-from-crypto-business-2410963.html&usg=AOvVaw0_gLvq7Al8sVZ936PnHgX2
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