so davor is crashing big time. I saw it go as low as 2$ before it went back up to 10$. Probably because they buy their own coin to keep it alive.
Why this is happeing? is it only because the fall of bitconnect and the lost of trust in lending plaforms s a hole? or is it something more?
now they are trying to convince people to put their money on loans by promoting a lottery in which the 1st place winner will win 1M $ as a loan as writen on their telegram:
"COME TO THE 'BE A MILLIONAIRE' LENDING LOTTERY !!!:moneybag::fire:
:fire:We will offer an amazing $1,000,000 to someone from the Davor community and many more prizes !:moneybag::fire:
:fire:What are the prizes ?
1st prize: the big winner will win the jackpot: $1,000,000 added to his/her lending package:moneybag:
2nd prize: 10 winners will have their lending package doubled in value (up to $10k):moneybag:
3rd prize: 50 winners will have $100 added to their lending package :moneybag:
:fire:How to participate to this exceptional lottery ?
From now until Sunday midnight GMT, every user that will make a new lending package will receive 1 ticket for every $100 lent. For instance, if you make a lending package of $1550, you will receive 15 tickets.
:fire:If you make multiple lending packages, the number of tickets will be given based on the total lending amount.
:fire:On Monday February 5th, we will select randomly the winners and we will announce it on our social media.
:fire:You can earn 1 additional ticket if you share this message on social media (of course you have to make a new lending first). Don't forget to mention your email address in the comments so that we add your ticket to your account.
:fire:Let's make these next 4 days the most exciting days of the year !!
Grab your chance to be the million dollar lender !!"
This looks like a cheap attempt to recover the fallen price and I dont really think it will work.
If you asking yourself, what could davor really do to save itself my guess will be :
1 . Be honest with us, tell us what is going on and promise that you will do you your best to try and keep it going.
2 . Dont do silly promotions,like the lottery and the one before which was the ability to cancel you loan after 14 days. this will not affect the price for the good.
3 . Show us your abitrage transactions - this is actually the only thing in my opinion that will save lending plaform from their doom - actually reavling the bot and its actions. One of the lending im into which is doing that is "Thebitcoingrowthbot" which 3X my money by far.
Crypto maniac out