Is Davorcoin Lending Platform Sustainable?
As Bitconnect make their exit, Davorcoin positiosn firmly as a replacement. Davercoin’s lending platform has an incredible likeness to the Bitconnect lending platform. It’s basically identical with a few new features and guarantees.
Loans exceeding $25,000 have a capital return in 89 days, with guaranteed daily interest paid at 0.35%. In addition, they offer a new feature called “capital lock boost”. Capital lock boost allows you to extend your capital release date for additional guaranteed daily interest. Lenders can add up to an additional 120 days to their capital release date to receive an additional 0.10% guaranteed daily interest. They suggest that the daily average interest paid is 1-2%, in addition to the 0.35% guaranteed, or in this example 0.45%.
Davorcoin’s referral program has 5 tiers, with the top tier paying an 8% referral and 1% from the bottom two tiers. This is substantially more rewarding than the Bitconnect referral program, and for me is a cause for concern as it relates to sustainability and growth potential.
My personal recommendation with what we have learned from Bitconnect is to be very careful when deciding whether to invest in a lending platform. And make sure that you have as much information as possible before deciding to invest. I have a really hard time seeing a clear path to sustainability and growth with a lending platform that makes such generous guarantees. Interest payments according to Davorcoin, like Bitconnect, is earned via volatility trading BOT. I think that all of us know that there is absolutely no such thing as guaranteed daily profit earned from trading, BOT or not BOT.
There are a lot of unanswered questions regarding the quick exit from Bitconnect, that if answered could be very helpful in assessing exactly how long Davorcoin could potentially sustain growth and make daily interest payments and referral bonuses. Consider the possibility that Bitconnect was no longer sustainable and chose to site the cease and desist as motivation to close the lending platform opposed to admitting that they could no longer sustain. This is only speculation of course, but if it were true then one could estimate based on the guaranteed daily interest being even greater with Davorcoin, and crypto market conditions being significantly worse in recent weeks compared to the considerable growth during and soon after Bitconnect’s inception, that Davorcoin would likely not sustain for even the approx. 12 months that the Bitconnect lending platform operated.
Could you make a lot of money investing in Davorcoin…? Sure, it’s possible. Could you end up losing your entire investment…? Sure, it’s possible. I am not providing you with investment advice and I am not a financial advisor, do your own research and make your own investment decisions, and never invest more than you can afford to lose. Please make an informed decision, and choose what you think is best, my intentions are only to bring to light some of the risks involved in investing in this type of program. If you believe that it’s a good investment and has long-term sustainability and growth potential, and choose to invest, the best of luck to you.
Dont fall for these types of scams.
now the most succede lending program BITCONNECT just shutted down their lending,so it scares a bit to invest in the same concept program like BITCONNECT ,but DAVOR will be stable after the FUD is cleared from the market after BITCONNEC shut down
Do you believe in Santa? Some people never learn lol.
Its a matter of faith which will be there in every person.
yes maybee you will earn money with them
You got a 2.31% upvote from @postpromoter courtesy of @theonej! Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!
This post has received a 2.82 % upvote from @booster thanks to: @theonej.
I generally stay away from lending platforms. It is true that you can make a huge profit on them, but only if you get in and out at the right time.
I would rather invest in projects that I believe in; that way I am supporting the projects as well. Thanks for the post!
but the people who bought these coins in the ICO phase are now als in the huge profit ,they should take the profit before someone will take .
Another scam... a guaranteed daily interest is impossible, guaranteed davorcoin a huge scam of 2018.
Guaranteed daily interest earned from a trading BOT indefinitely is absolutely impossible. If they actually pay their lenders as promised, that money will have to come from somewhere. I'm just certain that it won't be solely from a volatility trading BOT.
I really hope people dont lose money on this
I am invested on Davor, very little and will not put in more money. I was also invested on Bitconnect and lost a very small amount, but it was very disheartening.
I also bought some other lending coins that I have not lend out yet. I am currently waiting to see have happens with that.
As an investor, worker and family man, I am desperately trying to escape the rat race and I guess I fell for it by the youtube promoters. The 1% and the compounding is very attractive and very hard to resist.
Now that I discovered steemit, and I am learning about voting power and steempower, maybe I can make money work for me better on this platform than in Bitconnect or Davor.
As of this post I have not posted my fist blog post... might just make the jump tonight.
anyway anyone interested in showing now my money (fiat) is better invested on this platform than lending...?
This post has received gratitude of 1.85 % from @appreciator thanks to: @theonej.
It's just a matter of time before the Davor platform falls on its face just like bitconnect did.
You may be right, certainly will be interesting to see how it plays out and how many more of these lending platforms will pop up.