Cryptocurrency: DavorCoinX Review

We all have witnessed the tremendous triumph of the cryptocurrency industry within a short span of time. With the ongoing and steady elevation in its popularity, we encounter more and more digital currencies sprouting out in the crypto world every day.

From the array of carefully curated cryptocurrencies where every currency has its own squad of benefits, we envision DavorCoin X (DAVX) as worth investing.

DavorCoin X is a cryptocurrency – a currency that exists only in the crypto world, whose blockchain is generated by the Ethereum platform. DavorCoin X has the aim to provide a definite alternative to many coins out there. It has many other exquisite features as well which will make it a crypto champion in the near future. Let us read some of them :

Instant Peer to peer Transfer

DAVOR X is based on decentralization and division of storage server in different servers run by different users who are connected with the network. So the transfers will be peer to peer and instant.

A limited number of coins

Davor X will release only 27 million coins across the globe which will lead to an elevation in its demand when its price tends to increase.

Easy & Quick Money Transfer

You just need a smartphone and internet connection and you can transfer money online with

DAVORCOIN X at any time from anywhere within fractions of minutes.

No transfer fee

The transfer fee is as low as zero. You just need to sum up your Davor X Wallet a little to pace up certain transactions regardless of the quantity of the coins which is to be sent.

Confidentiality in transactions

It depends on the wish of a Davor X user whether or not he wants to display his name. Transactions can still be recorded and tracked via blockchain if the user wants to keep his/her name confidential.

Different programs

Davor X has designed and offers different programs under which the users can make extra profits, namely – The Lending program, The Affiliate Program and The Network program. Under the Lending program, the investors’ investment funds will be funded by Davor X and the passive investors will be benefited even when they are inactive. The Affiliate program offers an affiliate bonus to the assiduous member who promotes the coin. For this bonus, lending must be performed at least once via the referral. Under the Network program, invitations are sent to the online businesses to use Davor X as a payment tool in their system and ease the payment process. When they do so, they become entitled to the network bonus and along with that their website are promoted through the website of Davor X.

An ICO (Initial Coin Offering) of Davor X is the earliest opportunity to invest in the project as 7,000,000 DAVX coins are available with a starting price of only USD 0.5. Once launched, the price and dTop 6 Reasons Why You Should Invest In DavorCoin Xemand of the currency will soar. Invest Now and Grab unlimited Benefits!

WHAT IS DAVOR COIN ALL ABOUT?

So in this review I wanted to first express my concern about DavorCoin and the fact that it looks incredible similar to other schemes that have recently collapsed. In my honest opinion I don’t have confidence that DavorCoin will be any different in the long run, but that should be obvious given this review so far.

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Now let’s actually look into what Davorcoin is, what they claim they are offering and learn more about it.

DavorCoin states on their website that by investing in their coin you can be part of one of the most ambitious cryptocurrency projects.

On the face of things their website looks pretty legitimate. They are tradable on an exchange called CoinExchange and at the time of writing this post the price per DAV is $91.19 according to the popular website CoinMarketCap.com – Their own website has a slightly different figure and claims a 24/hour volume of $3.6 million. This is very different to what the Coin Market Cap website states which is a mere $189,000.

I can’t honestly say which figure is correct but it’s worrying that both of these are such different figures.

Davor Coin aims to become the best alternative to BitCoin and Ethereum.

In case you are brand new to cryptocurrency the two biggest cryptocurrencies are BitCoin and Ethereum as they have the largest market caps.

It’s interesting that DavorCoin wants to be a competitor to Ethereum because I read through their White Paper on their website and it has no similarities to Ethereum and it has no mention of smart contracts which is basically Ethereums main advantage over Bitcoin and is why many ICO’s are launched off Ethereum.

I won’t get into the details of what this means because if you are new to the cryptocurrency space it will probably confuse you but just know this, DavorCoin is in no way whatsoever a potential competitor to Ethereum.

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DAVOR COIN WHITE PAPER

I just read through the White Paper for Davor Coin and I was very surprised.

It’s literally 1 page long.

I’ll admit that it’s quite a long page however it’s still 1 page.

The White Paper is supposed to explain in detail what the cryptocurrency offers. It’s essentially a prospectus for potential investors and a key selling point too. It’s supposed to give potential investors all the details about the new coin covering every single aspect of how it works and what their core purpose is. Most White Papers are 30-40 pages long at a minimum, and some are even 100+ pages yet the DavorCoin White Paper is just 1 page.