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.
@OriginalWorks
