DavorCoin – Lending Platform of DAV ICO Cryptocurrency
The DavorCoin actually claims to be the world’s most aggressive cryptocurrency projects to date. You will know the reasons why today when you read our review.
What is a DavorCoin?
The DavorCoin is certainly a new cryptocurrency which, according to its official website, aims to be the most excellent alternative to present popular coins such as the Ethereum and the Bitcoin. Obviously, that is such an ambitious goal.
Basically, the ICO for the DavorCoins is dated on the 5th of November to the 5th of December of 2017.
After you spend much of your time reading the website of the DavorCoin, you will really notice some bizarre things about its company. First, their company has no detailed information about the team. As a matter of fact, it has some type of referral system and lending system in place. Thus, this lending system guarantees to pay the investors returns of 48 percent every single month.
Undoubtedly, these are some similar kinds of claims built by several scams such as the Bitconnect, that is considered notorious for operating a Ponzi scheme while claiming to be an investment opportunity.
I will give you 8% bonus signup via here
What does this DavorCoin do and how does it work?
The DavorCoins are like digital tokens which can be kept on your smartphone, hardware wallet, computer drive or somewhere in your web. Like some other blockchain-based currencies, the DavorCoins are built through complicated mathematical computations which are also verified by thousands and millions of online users.
The DavorCoin utilizes a PoS/PoW hybrid blockchain with some block time of one hundred twenty seconds. Adversity is retargeted with each block. The PoS reward includes a 10 percent reward every month for the first six months, with the PoS least staking time of one hour as well as unlimited maximum stake time. There is a full supply of forty million DAV, also with ten million of pre-minded DAV coins.
In addition to that, the DavorCoins also have lending programs which pay every month with an interest rate of 48 percent and up. And, there are affiliate programs where you may be rewarded by referring customers to the platform.
In fact, when you begin witnessing words such as affiliate program, lending program and daily interest on a cryptocurrency-related site, some red flags or a sign of warning should be getting into your mind immediately. As a matter of fact, programs like these are associated with pyramid schemes and scams – such as Bitconnect and some other notorious scams.
The DavorCoin’s website states large staking rewards. In fact, the users may earn ten percent every month for the first year, for instance, and eight percent every month for the second year, and declining by five percent for the third year.
Alongside with that, you can also lend anywhere with amounts between $100 up to $25,000 and may be more than that, and gain various daily ROIs. Thus, if you invested at least a thousand dollar to it, therefore, you will be getting paid with the everyday variation rate and a steady rate of 0.10 percent. You will also be paid back right after the 239-day period. Furthermore, your investments will have a locking period for at least 30 up to 120 days.
The further you acquire knowledge about this DavorCoin and its assured day to day interest rates, the more we are worried that this is really a scam – or may be some kind of an HYIP-based investment scheme. The easiest way to detect a scam is when you begin searching at team section of its official site, to where it features some detailed information about how the platform operates.
Who is Behind the DavorCoin?
Here is How the DavorCoin Characterizes its Founding Team:
The DavorCoin has been developed by traders and bankers from the leading financial places which work in investment banks as well as hedge funds.
This may sound very good however it does not actually tell us everything. We have already witness a lot of investment scams and pyramid schemes use the same patterns online. Having said that, these companies make certain promises about the qualifications and the experience of its team. But, when you try to ask for any detailed information or specific experience of the team, they tend to refuse to disclose everything. That seems to be the same case with the DavorCoin.
In any case, the founding team of the DavorCoin claims to have their company launched last December 2016. In addition to that, they built their own blockchain platform on 2017. Also, before the year ends, they target to release their Android app and iOS.
The DavorCoin ICO
Basically, the DavorCoin ICO is expected between the 5th of November to the 5th of December. During the ICO, the tokens are worth $0.72 to $1.20 every token.
Six million tokens are released by the crowd sale out of a full supply of ten million. Of all the rest of the tokens, 3.4 million are being reserved for lending, development and marketing, while the other 600 thousand tokens are being reserved for incentives and bounties.
Conclusion of the DavorCoin Review
The DavorCoin’s official white paper and website have a lot of red flags. If you base your intuition on these red flags, this DavorCoin may appear to be an investment scam or some pyramid schemes. Additionally, the first known red flag is that, the DavorCoin endorses lending programs which pay lenders by 48 percent ROI every month or even higher. Interestingly, that is a similar number that the Bitconnect advertises as well as some other infamous bitcoin lending scams.
Some companies also refuse to disclose any detailed information about their team. These teams describe themselves as traders and bankers from leading financial institutions, hence, we still have no concrete evidence to suggest that this is true.
The DavorCoin can be a legit investment opportunity which pays the investors 48 percent returns every month but, based on what we have discussed, this may seem quite impossible.
And lastly, it has just appeared out from somewhere in the last few weeks therefore, we do not actually have enough information about the DavorCoin.
I will give you 8% bonus signup via here