DAV Sinks To 6 Cents As DavorCoin Collapses

Davorcoin ReviewLately, this business opportunity has been getting a lot of hype on the internet.

People are hyping DavorCoin all over the place, including a lot of social media.

Has someone already pitched DavorCoin to you?

The first thing I want to tell you is that I am NOT promoting this business in any way.

I have complied all the facts about it in my DavorCoin Review so you can discover the truth for yourself!

Have you hear that DavorCoin is a scam?

That DavorCoin can’t deliver on it’s promises? Is it really collapsing?

I will tell you all about it in my Review of DavorCoin.

Let’s get started.

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Exactly what is DavorCoin?

DavorCoin has been making its way around the MLM space for the past couple months as a new ICO following the collapse of BitConnect, but most recently, it too also flopped.

The anonymous owners behind DavorCoin took to Medium to announce the shutdown of the company, citing that it was “end(ing) our lending program.”

DavorCoin was previously offering ROIs to members that chose to invest $100 or more, and reasons for the collapse is attributed to “the current situation of the Davor project, of lending programs, of the cryptocurrency market and of legal issues regarding lending platforms and cryptocurrencies in general.”

Unsurprisingly, the collapse of DavorCoin has also resulted in DAV (its ICO) plummeting as well.

Shortly before this happened, DavorCoin was hit with a cease and desist by the Texas Securities Board. DavorCoin could choose to try and explain why it isn’t a Ponzi scheme, but instead, it looks like it’s simply admitted defeat.

Similar to what we see with a lot of failed schemes, DavorCoin’s owners are trying to spout off a number of different ways they could still increase the value of DAV.

More specifically, DavorCoin says:

“Our main objective now is to bring DAV price where it should be. We are going to put our efforts in transforming DAV into a strong cryptocurrency.

We have many steps ahead that could boost the DAV value.”

DavorCoin Scam

As for what those steps are, they include:

  1. High performance crypto-to-crypto trading platform. DAV will be used as trading fee.
  2. Instant exchange to altcoins: you can exchange instantly DAV to many popular altcoins.
  3. Partnership with crypto debit card issuers so you can use DAV to make payments.
  4. Total improvement on the DAV blockchain: to support SegWit, Lightning Network and Atomic Swap, which means DAV could be accepted at thousands of Bitcoin-accepted merchants.
  5. Crypto shop: You can use DAV to purchase for popular gift cards (eBay, Amazon, iTunes, Steam…)

These may sound like exciting plans to desperate DavorCoin members, but in reality, they’re worthless claims the admins are throwing out there in an attempt to get members off of their backs.

Along with the above statements, DavorCoin also claims:

“We will release today all lending packages we have and every user will be credited in his account the number of DAV he placed in his/her lending package plus a 10% bonus.”

How in the world does DavorCoin plan to do this considering DAV is trading for 6 cents following a high of $170 last month? Beats me.

At this point, it seems clear that anyone involved with DavorCoin has received the short straw and is now experiencing what happens when a reboot of a failed Ponzi scheme collapses. These things never end up going well, and as we can see, the story isn’t different for DavorCoin.

 

Is DavorCoin Truly A Scam?

If you’ve been doing your research on DavorCoin, you may have heard from some people that it’s a scam, and from other’s that it’s totally legit.

After reading my review, you might not be sure for yourself.

So, what’s really going on here?

Is DavorCoin a scam, or can you make a legit business with it?

To be honest, I am not sure DavorCoin is a complete scam.

However, I did find a few things to be aware of before you join, which will help you to be successful if you join.

Also, see below for help with making money online.

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Read Here For My DavorCoin Conclusion!

 

I hope you have gained a lot of value from my DavorCoin Review.

I have found other reviews are scant on details, so I wanted to make sure you had everything you need here.

If you do decide to move forward with DavorCoin, I think the info I have given here will help you.

Moving forward, you need to take care of marketing yourself, which you can learn how to do with my free training. Click below.

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