Post
Topic
Board Announcements (Altcoins)
Re: [ANN]DAVORCOIN LIVE - ARBITRAGE LENDING PLATFORM - EARN 2% Average Daily[ANN]
by
coincidence?
on 07/02/2018, 20:12:31 UTC
I feel really bad for all of you who keep posting about the potential of this project... You seem to be unaware of what a ponzi scheme is and that's really sad to see given how much information is out there, and how it's layed out in their white paper. If it's too good to be true, it more often than not IS too good to be true.

Now they have abolished the lending program which stated below:

"You can invest your DavorCoins to receive a daily interest. The interest per month is up to 48% of your lending amount. The more you put in the lending platform, the better interest rate you get. Optionally, you will be able to lock your DavorCoins for an additional period to boost your daily interest."

See the line that say's "The more you put in the lending platform, the better interest rate you get." - This is a RED FLAG for a PONZI SCHEME

This is the definition on google which you should all memorize because you're clearly targets for this type of scheme. "A Ponzi scheme is a fraudulent investment operation where the operator generates returns for older investors through revenue paid by new investors, rather than from legitimate business activities or profit of financial trading."

What does Davorcoin do... nothing. It needs new money to survive.

If you're thinking about investing in this project. Read carefully and ask yourself what does this project do? What business activities does it do and how does it generate profits? Does it sell a product? Does it provide anything other than using your money? Or is it just taking your money, to redistribute to old investors to keep the project running?

Sounds like Bitconnect doesn't it? Because it's almost exactly the same. As you just all experienced the same type of collapse.