DO NOT invest in Davorcoin (Here's why)

Introduction

First of all, to get started I have to say please do not invest in any lending platform if you are a beginner in the cryptocurrency world. There are a lot of promoters on youtube and other sites trying to promote Ponzi schemes in order to benefit themselves with the use of referrals. Do not invest in anything without acknowledging that you could lose some, if not all your investment and this is exactly what happened with bitconnect. Yes, some people made a lot of money in the beginning but sooner or later they all fall.

What is davorcoin?

Davorcoin is another lending platform like bitconnect that offers high daily returns of up to 1.25% on average. This means with a $1000 investment you would make an average of $12.50 a day. But in order to make this daily profit, you must lock in your capital investment for 299 days down to 89 days depending on how high of an investment you lock in. You can increase your daily interest by increasing the amount you invest and by keeping the investment locked in for longer. Sounds a bit risky, right?

English and French are the two primary languages on the site, and as such, whoever’s running the company is likely doing os from Europe. There’s no mention of who owns the company, where it’s being run out of, when it was founded, etc. The domain was first registered on October 18, 2017, but since the registration was done privately, you won’t be able to tell where it took place or who the owner of it is.

Now, given that the company is highly secret and there is no professionalism in the complete infrastructure of there business. In my opinion, you should stay clear. Of course, there is going to be people defending davorcoin because they will be a current lender in the platform but go ahead, everyone has an opinion. I could also be wrong and the platform could make millionaires but I highly doubt that and here's another reason why:

Why you should not invest

In the screenshot above I have highlighted key points about the terms of conditions, which most people don't even read. These 4 points almost clearly say that you could lose all your money, so If your thinking about Lamborghinis and million dollar houses then think again. One key point that stands out to me is that if you cannot access your account due to any technical difficulty or hacking incident on davorcoin's side then you are not entitled to any of your money. So this basically means that they could fake an immense DDOS attack or any other bullshit incident and run off with everyone's coins because you checked that little box.

Conclusion

In the end, I can't stop anyone from investing into anything because it's all personal choice but I made this just as a warning to prevent manipulative promoters from losing innocent peoples money because they are new to cryptocurrency. Don't invest into anything you beleive in and don't invest what you can't afford otherwise it can all come crashing down. And if you do want to invest in davorcoin you can use my refferal link here:

https://davor.io/IWouldNeverPromoteThisScam

If you liked the post be sure to follow my page and resteem, keep on the lookout for future posts!