DavorCoin provide no information about who owns or runs the company on their website.

The DavorCoin website domain (“davor.io”) was privately registered on October 18th, 2017.

French and English are the primary languages used on the DavorCoin website, suggesting whoever is running the company is based out of Europe.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

DavorCoin Products

DavorCoin has no retailable products or services, with affiliates only able to market DavorCoin affiliate membership itself.

The DavorCoin Compensation Plan

DavorCoin affiliates invest funds on the promise of a daily ROI.

  • invest $100 to $1000 and receive a daily ROI for 299 days
  • invest $1001 to $5000 and receive 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 and receive a daily ROI + 0.25% bonus for 119 days
  • invest $25,001 or more and receive a daily ROI + 0.35% bonus for 89 days

DavorCoin pay referral commissions via a unilevel compensation structure.

A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):

If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.

If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.

DavorCoin cap payable unilevel levels at five, with commissions paid as a percentage of funds invested across these five levels:

  • level 1 (personally recruited affiliates) – 8%
  • level 2 – 4%
  • level 3 – 2%
  • levels 4 and 5 – 1%

DavorCoin affiliates can increase referral commissions rates by qualifying as a “Platinum Affiliate”.

Platinum Affiliate qualification criteria is not published on the DavorCoin website.

Joining DavorCoin

DavorCoin affiliate membership is free, however free affiliates can only earn referral commissions.

Full participation in the DavorCoin income opportunity requires a minimum $100 investment.


DavorCoin launched itself as a cryptocurrency a few days ago.

According to the DavorCoin website,

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

This typically involves paying developers to create an altcoin or buying a script.

DavorCoin affiliates invest in DavorCoin, which are pre-mined by the anonymous DavorCoin owners.

DavorCoin affiliates then “lend” DavorCoin back to the company, on the promise of a daily ROI.

The DavorCoin website advertises a “monthly interest rate” of 48%.

Cited daily ROI averages over the past five days are:

  • December 17th – 1.85%
  • December 18th – 1.6%
  • December 19th – 1.71%
  • December 20th – 1.75%
  • December 21st – 1.02%
  • December 22nd – 1.13%

DavorCoin itself has no real world application and is completely worthless outside of the DavorCoin MLM opportunity.

According to CoinMarketCap, public trading of DavorCoin commenced on December 18th.

Debuting with a public value of $23.87, in less than a week that has dropped to just under $16.

DavorCoin meanwhile has no verifiable source of revenue other than new affiliate investment.

Using new investment to pay existing affiliates a ROI makes DavorCoin a Ponzi scheme.

Despite this, DavorCoin insists it’s “not involved in any illegal activity”:

Q: Is this a scam or a legit project?

A: A lending project is usually considered risky. Any person who would like to participate needs to understand the risks. However, Davor.io is not involved in any illegal activity.

DavorCoin is obviously operating a passive investment opportunity, otherwise known as a security.

At the time of publication Alexa estimate the largest source of traffic to the DavorCoin website is the US (16.4%).

At a minimum, to legally offer securities to US residents DavorCoin needs to be registered with the SEC.

As I write this no entry for DavorCoin is present on the SEC’s Edgar database.

Rather than acknowledge they are committing securities fraud however, DavorCoin instead attempt to reframe regulatory non-compliance as a cryptocurrency issue:

Due to tax and regulation risks about cryptocurrencies in some countries, we cannot officialize our domiciliation.

Regardless of where DavorCoin is being operated from, for regulatory compliance it needs to be registered in markets it operates in.

Based on having affiliates invest in DavorCoin and then “lend” them back to the company for a ROI, DavorCoin operates as a lending Ponzi.

The end-game for admins of lending Ponzi scams is pretty straight forward:

ROIs are paid out through the internal exchange until affiliate recruitment inevitably slows down and invested funds run low. At that point the anonymous DavorCoin admins stop paying out and disappear with what’s left.

Early DavorCoin investors make a bit through ROI withdrawals while they last, and of course through pyramid recruitment. Everyone else, which is the vast majority of investors, loses out.