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Bitconnect was founded by a conglomerate of partners, although the individual(s) behind the project is still only speculative. BCC operates as an open-source, peer-to-peer platform, and currently, the only place to buy or sell “BCC” coins is direct to another individual on the Bitconnect exchange. In exchange for holding coins in the Bitconnect wallet, users also receive interest payments for “increasing the security of the network”. Additionally, coins can be mined with CPU/GPU, and does not need an ASIC miner. Interest payment claims on Bitconnect are upward of 1% daily. Currently, the legitimacy of the platform itself is under speculation due to the lack of transparency behind the governance, team, and application of the coin itself.