Should you Invest in DAV?

in #blockchain6 years ago (edited)

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By https://bitcointalk.org/index.php?action=profile;u=2230830

DAV Network is currently having a public sale of the DAV tokens. DAV is a protocol for the transportation market, especially autonomous vehicles, and the DAV tokens will be used for transactions in the DAV Network.

The Protocol can let others make decentralized marketplaces of things related to transportation and the DAV tokens will be used in those too.

Whether to Invest

DAV's token metrics aren't the best. It has a very high hard cap at $38 million for 40% of tokens. That means the company is valuing itself at almost $100 million. On top of this, private sale investors got as much as a 50%, but the bonuses do have a 6 to 12 month lock.

The good part is that DAV's pre-sale was going on when ETH price was much higher than the current price. If investing fron a fiat point, DAV is available at a much cheaper rate right now. The investors who bought DAV at the higher ETH price are likely to hold their tokens until ETH recovers. About half of all tokens were sold at a very high price in ETH. 1 DAV token costs 0.0001 ETH and that's a good token price to start with.

DAV is not a good flip. Presale and public sale tokens will be unlocked right away and the opening exchange is HitBTC. These factors usually do not equate to a high opening price.

DAV tokens are definitely not a short-term investment. Anything targetting autonomous vehicles isn't a mid-term investment either. On a positive note, DAV is an innovative protocol and it could be the Intel of the AV industry. DAV can be a good long-term investment and it would most likely require you to hold the tokens. This is a high-risk investment with a potential for high rewards.

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