DavorCoin Lending Program Has Been Removed – What Will Be The Future of DAV?
Dear DavorCoin Community Members,
We have a very urgent announcement to make regarding the future of Davor lending program. This is probably the most important announcement ever since we started. We have carefully analyzed the current situation of the Davor project, lending programs, cryptocurrency market and the legal issues regarding lending platforms / cryptocurrencies in general. The current value of the DAV coin has been negatively affected by the current events in the crypto space. Mainly because of the lending program since there has been a lot of negative news about banning lending platforms and the legality of it. We did everything to make it possible for the platform to keep up, but the bull market plus the negative news about lending is just too much to handle and this led to the price of DAV to just plummet down to less than $1.
Our team decided to change our strategy and to end our Davor lending program since it’s the reason why DavorCoin is decreasing in value. Most users are no longer interested in investing to lending platforms because of the legal issues. And there is one thing we don’t want, which is to offer a service to users depending on which country or states they are originating from. Today, we will be releasing all lending packages that we have and every user will be credited in his account the number of DAV he placed in his/her lending package plus an additional of 10% bonus.
The staking pool will still function and work like before. There will be winners and losers in this coming change since it’s a a high-risk investment and it applies to the whole cryptocurrency market. Our main goal now is to bring DAV price where it should be. We are going to put all our efforts in transforming DAV into a solid and strong cryptocurrency.
The following will be the steps we will take that could boost the DAV value:
- High performance crypto-to-crypto trading platform. DAV will be used as trading fee.
- Instant exchange to altcoins: you can exchange instantly DAV to many popular altcoins.
- Partnership with crypto debit card issuers so you can use DAV to make payments.
- 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.
- Crypto shop: You can use DAV to purchase for popular gift cards (eBay, Amazon, iTunes, Steam…)
These are only part of the list of plans that we will be implementing. We will soon release the full list of what we plan to do for the rest of 2018 in the coming weeks. We know this is a big turning point for Davor, but the crypto-world is changing very fast and we also have to adapt in order to remain competitive. We’re confident that this is the right way and we’re just at the beginning of a bright future for DAV. We hope to receive your full support and altogether we can bring Davor to the next level.
Collected From DavorCoin Team
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