From now on, you can end any lending package anytime before the official release date. The conditions are that it only applies for new lending packages from now on and that you have to pay back the interest for the first month and 50% of the interest for the second month. Voila!
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Copy of Telegram message:
🔥BIG NEWS🔥
🔥As promised, today we're very happy to announce the latest major update of our lending platform:
🔥From now on, when you create a lending package, you will be able to end it anytime you want before the official release date.
🔥With this amazing feature, your money will be entirely in your hand. Only you will decide where it goes and how to maximize your profit!
🔥More detail in our Medium blog https://goo.gl/yZNmSH
🔥Happy lending!
Copy of medium message:
Early Capital Release Feature Update
Dear Davor Community,
We are very happy to announce that the lending system has just been updated.
This major update will allow you to better control your lending money in our platform.
From now on, when you make a lending package, you will be able to end it anytime you want, after the first 14 days, before the official release date.
How does it work?
Very simple. There is a button RELEASE next to each lending package. Click on it to open the release pop-up window in which you will see all details regarding your lending package. Enter your password and click on the checkbox ‘I have read and agree to the Terms and Conditions’. Finally, click on the Confirm button and it’s done.
What are the conditions to end a lending package?
When you prematurely end a lending package, you will get back your initial capital. You only have to reimburse the interest you already received in the first month and 50% of the interest from the second month.
Example 1: you’ve got a $1000 in lending, after 15 days you already received $100 interest. If you decide to end this lending package in the 16th day, you will reimburse $150 to get back $1000.
Example 2: you’ve got a $1000 in lending, after 40 days you already received $400 interest ($300 in the first month and $100 in the second month). If you decide to end this lending package in the 41st day, you will reimburse $350 ($300 + 50% x $100) to get back $1000.
In addition, there is a small processing fee of 2.9%.
This update will not impact existing lending packages.
Of course, it’s up to you to take advantage of this new, amazing feature. Only you will decide how to invest your money!
Please do not hesitate to contact our support if you have any question. We’re here to help.
Thank you for making Davor a trustworthy lending platform. We’re working hard everyday to make it better for the long-term benefits of our fast-growing community.
Happy lending!