Bittconnect was promising 1% daily returns by using a bot to trade bitcoin and encouraged people promote it by using multi level marketing incentive through it's affiliates program.
If you watched the video the returns for this look a lot more tangible 0.03% a day my only concern is what happens if the person accepting the loan decides not too pay?
the % is not the issue. still same concept.
your concern is another issue too
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https://github.com/eos42/Documentation/blob/master/Chintai/whitepapers/Chintai_%E8%B3%83%E8%B2%B8_Community_Proposal_Whitepaper_English.pdf
If you can find the whitepaper for bitconnect let me know ;)
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