There is speculation that BitConnect is a scam. Click here for more info.
BitConnect is a peer-to-peer cryptocurrency that allows investors to receive a return on their investment based on a trading algorithm's performance. A market trading bot pools the investments and then uses that bitcoin to complete trades and earn money. The proceeds from the bot are then paid out to the investors, in a percentage of interest of the initial investment, in the form of “minting blocks” of BCC, the token of the BitConnect platform. BitConnect focuses on being a stable investment that is an alternative to traditional centralized banking investment. Users can also get people to sign up under them in order to earn more interest on their investments. BCC is the token you receive when you invest your bitcoin on the BitConnect platform.