DavorCoin Review – Legit Business Or Big Ponzi Scam?

DavorCoin Review – Legit Business Or Big Ponzi Scam?

Welcome to my DavorCoin Review!

There has been some buzz about this company on social media so I decided to check it out for myself and see what it was all about…

Some people call it legit while others call it a straight up ponzi, so who do you believe?

The good news is I am going to put all the rumors to rest and go through the company, products and compensation plan so you can make the right decision…

Find out if this is legit or a scam….

DavorCoin Review – The Company

DavorCoin Review

DavorCoin doesn’t give you any information on who runs the company or owns it.

I decided to investigate the DavorCoin domain “davor.io” and I found out it was registered privately on October 18th, 2017….

DavorCoin describes themselves as the following:

DavorCoin is a new cryptocurrency which aims to become the best alternative to current popular coins such as Bitcoin and Ethereum.

They also have a ICO lending program in place…

Reminds me of a few other companies I reviewed below:

DavorCoin Reviews – The Products

DavorCoin Products

DavorCoin doesn’t offer any retail products or services, but you can promote the affiliate membership as an affiliate.

You can also invest in their ICO lending program which I will get into next inside of this DavorCoin review…

DavorCoin Compensation Plan

Once you become an affiliate, you can invest into DavorCoin on a promise of a daily ROI:

  • Invest $100 to $1000 to get a daily ROI for 299 days
  • Invest $1001 to $5000 to get a daily ROI + 0.1% bonus for 239 days
  • Invest $5001 to $10,000 and receive a daily ROI + 0.2% bonus for 179 days
  • Invest $10,001 to $25,000 to get a daily ROI + 0.25% bonus for 119 days
  • Invest $25,001 or more to get a daily ROI + 0.35% bonus for 89 days

Referral Commissions

All referral commissions are paid through a unilevel compensation plan structure.

DavorCoin caps their unilevel at five levels and you are paid a percentage of the invested funds across all five levels:

  • Level 1 (Personally sponsored members) : 8%
  • Level 2 : 4%
  • Level 3 : 2%
  • Level 4 and 5 : 1%

You can get an increased rate if you are a Platinum affiliate, but they don’t talk about how you qualify…

Cost To Join DavorCoin

The cost to join as an affiliate is free, but you can only sponsor people to earn commissions.

If you want to be part of the investment opportunity, you have to put in $100.

The moment you have been waiting for inside of this DavorCoin review…

Verdict On DavorCoin

So does the DavorCoin scam exist?

DavorCoin classifies themselves as a cryptocurrency and is publicly traded.

They went public at $23.87, but dropped to $16 within a week…

So what right?

The problem is that the owners are not transparent about themselves, so how can you trust this is legit?

This seems to be like every other cryptocurrency mlm company…

Not only that, they promise a daily ROI of 48%…

So how are they making those ROI’s?

Where is the trading or mining…

As of right now, I just see newly invested funds paying off existing members and once recruitment slows down, the ROI’s will go away.

I looked at the SEC database to see if it’s registered and couldn’t find anything…

That means they can’t sell this stuff in North America…

I haven’t seen ONE cryptocurrency mlm actually register…

So DavorCoin is ILLEGAL in Canada and the USA…

As of right now I do NOT recommend this company…

Because it’s illegal where I am (Canada).

Anyway, I hope you enjoyed my DavorCoin review and if you have any questions, please leave them in the comments below…

My personal recommendation (totally optional of course)…

I have been in the network marketing field for a few years and have made well over 7 figure in this industry so I know what to look for when you join a company…

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DA Test 1

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See you at the top,

DavorCoin

-Jesse Singh

P.S.  If you want to learn how I made 7 figures in the last 12 months, watch this video.

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