A crypto lending platform that was launched in 2016 and shut down in 2018. People traded bitcoins for Bitconnect coins (BCC), which were staked to receive 1% interest compounded daily. The price of one BCC had risen to nearly $500 only to drop to 40 cents. Because of the outlandishly high yield, many thought Bitconnect was not legitimate from the start. See
crypto glossary.