We all know that Davor exited;
They "closed" down their lending operation with immediate effect and they release the initial amount of DAV tokens we entered in the lending.
What happened you can find in my previous blog:
https://steemit.com/cryptocurrency/@infiny/davor-coin-bitconnect-usi-tech-vs-texas-state-securities-board
They have used this and the depreciation of their coin's price to support their lending operation's end.
Many people lost a lot (again) and basically they got coins back. Those coins which they bought for above $100. Now a coin is around 2 dollar cents. You can imagine!
Nevertheless, they also tried to calm people down by saying, that they will keep the DAV coin alive in another perspective like a coin for shopping and whatever else they said.
Don't believe this!
The coin is dead as it is and they found a reason to exit (Texas and coin's price depreciation).
And now Me and Davor:
I have lost in davor around £2000.
In overall I am still positive as a balance, but I know, that there are people who are not.
How could this happen?
When the price rose, the intervene, when it was needed, but they were selling all the way up to $180 (yes, it went that high) and then all the way down to a few cents when people realised and found out about the news. Basically everyone was cashing out.
Now!
When they sold the coins from the top until the bottom, they knew already, that they will quit and leave people money less. They already knew and they even tried to get more people making loans with them a week before. The top of the greediness is what I see Davor.
A little bit of conspiracy?
OK! I bet, they were those people who brought Texas' SEC agency/authority's attention to themselves as an anonymous good "Citizen" to justify and to have a reason what then they can communicate with you/us. A bunch of liars ran away with our money and they could take not only the ICO money with them, they took that amount for what they have sold the coins all the way up and then down.
Today, even the staking was not working, them saying that because of the congestion of their network. LoL
Would you like me to believe that? Nnnah.
They have sold during that period of time apparently maybe all of their coins. Everything! Maybe all of them were premined. It is chansy that the staking won't work either. But btw why should that work? I mean does that make any sense? For coins worth 1-2 cents? C'mon!
Anyway! This was another tough lesson to understand that ponzi schemes are not those things we should go for!
From a while now, that I run only with those coins, which have flesh and bones human beings behind their project. People who you can talk to and they can be traced anytime. Plus, I don't mind if it is some sort of saving ("lending") platform if they have something behind the coin. Just the coin is not enough. An exchange/lottery/whatever. Is this option safe?
Well, I am not sure! They can close the whole thing, the exchange/lottery/whatever too anytime! Therefore, as always, do your own research and be thirsty for information. Better be suspicious than a person who loses a tone of money.