Pagarex Lending ICO Explained in Full

The Newest ICO to hit the blockchain is Pagarex and the coins are currently $2.00. Watch their promo video and check out the site seems like they're going to be a force to be reckoned with as far as lending platforms go and their are bunch coming out but will any of these coin be competition for DavorCoin?

The Pagarex site says ,"PagareX - The Community Coin A highly profitable, global cryptocurrency ecosystem that doesn’t rely on banks or financial institutions. PagareX puts you at the centre of the currency and allows you to invest in it in multiple different ways. Financially independent is what we want you to be with PagareX." What they offer is an internal exchange, staking, trading, and the popular lending option. I joined the ICO myself I bought a couple of the PGXcoins and I'm about to start the lending program today I'll let you guys know how it goes.

Here's the link to the homepage so you can check it out for yourself:
https://pagarex.io/ref/836078?lang=en

and this is the free sign up link:
https://pagarex.io/ref/836078?lang=en&go=register

DavorCoin Free sign up:
https://davor.io/Account/Registration?r=265E7E

I am not a financial advisor and this is not financial advice. Please do your own due diligence before investing in any platform.