Another ponzi springs up in the place of BitConnect...

BitConnect finally collapsed this week, leaving investors high and dry with virtually worthless BitConnect coins in the place of their valuable Bitcoin "loans".

It was just a matter of time - a sort of "survival of the fittest" test in the evolution of cryptocurrency. Hapless investors who thought it was too good to pass up, instead of too good to be true, foamed at the mouth as they were promised +1% daily interest on their so-called loans of Bitcoin.

Traders would buy the Bitconnect coin with their Bitcoin, then lend the BitConnect coin back to the system. The idea was that a supposed trading bot was cleverly making amazing trades on a constant basis that would net all lenders incredible gains that would grow exponentially via compound interest. In reality, it was just a ponzi scheme where new users were propping up payments for older users. When the market took a dive, BitConnect no longer had the funds to keep the scheme going.

BitConnect assured lenders they would fully repay loans... in BitConnect currency. Users were "paid back" their Bitcoin to Bitconnect purchases in BitConnect, which immediately tanked upon announcement of the shut-down of BitConnect.

So all's bad that ends badly, right? Not so much...

Now, there is, amazingly, a new lending option in town - Davor Coin! Offering +1% interest on your loans when you buy Davor Coins with Bitcoin, you are sure to make a fortune on compound interest!

Familiar? It really, really should be.

Stay far, far, FAR away.

*This is not professional trading advice - but really, do you need a professional to see that this is clearly a scam?

source:

https://www.tradingwithpaul.com/davorcoin-ico-review-is-davor-coin-a-scam/