Hey guys and gals, Justin here to announce some important news in regards to Davor Coin. This is news you are most likely not going to like if you are a member of the Davor coin project.
On Feburary 2, 2018 Davor coin sent out an email at 5:14am stating that they are ending their lending program because of the recent bad news lending platforms have gotten. In actuality it's because Texas is cracking down on lending platforms and people do not trust these systems so they are selling out.
Multiply Bitcoin 24/7 Legally WITHOUT Using Lending Platforms
Maybe this was all planned.
Maybe its a calculated attack to keep control.
Who knows. It's just a shame that these legit programs are getting shut down for no real reason.
I will provide a copy of the email in text version below. But basically Davor Coin has ended up the exact same chased down cat as Bitconnect.
"We have a very important announcement to make, probably the most important one since our beginning.
We have carefully analysed the current situation of the Davor project, of lending programs, of the cryptocurrency market and of legal issues regarding lending platforms and cryptocurrencies in general.
There is no doubt for us that the DAV value has been negatively affected by our lending program because the crypto-environment has dramatically changed recently. We did everything possible to protect our platform and our amazing community.
However, DAV price still went from $180 to $0.5 in 20 days.
As a result, we have decided to change our strategy and to end our lending program that has become the only reason why DavorCoin is decreasing in value.
Most users are no longer interested in investing in lending platforms, moreover, they are increasingly concerned about legal issues.
And there is one thing we don't want which is to offer a different service to users depending on which countries/states they are coming from.
We will release today all lending packages we have and every user will be credited in his account the number of DAV he placed in his/her lending package plus a 10% bonus.
The staking pool will work as before.
There will be certainly winners and losers in this project, as in many high-risk investments. This is also true for the whole cryptocurrency market.
Our main objective now is to bring DAV price where it should be. We are going to put our efforts in transforming DAV into a strong cryptocurrency.
We have many steps ahead that could boost the DAV value.
These are only part of the list: we'll soon release the full list of what we plan to do for the rest of 2018.
We know this is a big turning point of Davor, but the crypto-world is changing very fast. Therefore it is important to adapt ourselves to remain competitive.
We're confident that this is the right way and we're just at the beginning of a bright future. We hope to receive your full support and altogether we can bring Davor to the next level.
Thank you.
The Davor.io Team"
Thank you for reading.
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