Vlog 2: The Davor Coin
My Review today is on the Davor Coin. It's a lending platform in the cryptocurrency space like what Bitconnect , USI-TECH, and HextraCoin.
Basically, Davor Coin unique selling point has been that they have an arbitrage platform. Their coin is also a hybrid coin that allows POW and POS. It looks like a fork of Peercoin rather than an ERC20 token like alot of other lending platforms lately. If it really is a fork of Peercoin then POW and POS is possible.
Their road map suggests they started work on the idea back in December 2016 with their blockchain and arbitrage platform and have already been officially launched in October 2017. Support has been quick to reply and they said they were open to an interview with one of the founders so I’m also waiting to get a reply about a date and time for that as that would be very interesting.
WHAT PRODUCTS DOES DAVORCOIN OFFER
The biggest offering is the Lending program where you can earn a monthly interest rare of up to 48% by lending your coins back to the company. There are different options for this which are shown in the chart below
They also have an option I haven’t seen below called an optional capital lock boost which gives you a bigger daily interest bonus if you lock your loan in for 30 -120 days longer.
The next option is Staking your coins for profit. This is based on the proof of stake part of the coin and basically you lock up a certain amount of your coins in a wallet that you won't touch and for that, you get more new coins.
For the first year you get 10%, second year you get 8% and the third year you get 5%.
IS DAVORCOIN A SCAM?
99% of these lending programs that we see everywhere now are scams. Is Davor Coin just another one of these scams I don’t honestly know. Will it become the next Bitconnect of the cryptocurrency lending world, it has potential and signs that it could but only time will tell. The fact that they actually give us proper information about the coin and I found the GitHub repository is all good signs.
Reference all from -
Affiliate Link - https://davor.io/Account/Registration?r=9B1FD2