Welcome to my Dagcoin Review.
There has been some buzz about this company so I decided to investigate what it was all about…
Some say it’s a scam while others review are saying legit so what is it?
The good news is I am going to walk you through the company, products and compensation plan so you can make the right decision.
Let’s dig in this Dagcoin review…
Dagcoin function in the crypto currency MLM niche and is run by founder and CEO, Nils Grossberg.
As per his LinkedIn profile Grossberg is based out of Estonia.
Grossberg claims Dagcoin's mission is to give alternative currency to regular use, concentrating on the Asian market where we help unbanked individuals to deal with their assets better.
Before establishing Dagcoin Grossberg was a prominent European investor in the OneCoin Ponzi scheme:
Grossberg registered the website domain in late April. He seems to have stopped promoting OneCoin around a similar time.
Read on for a full review of the this MLM opportunity.
The company has no retailable items or services, with affiliates just ready to showcase Dagcoin affiliate membership itself.
Once joined, the affiliates can invest in the dagcoin cryptocurrency.
Dagcoin is not publicly tradable and has no value outside of the Dagcoin MLM opportunity.
The Compensation Plan
Affiliates invest in dagcoin on the desire of a ROI:
|Plan Name||Invest in $||Get Dagcoins|
Assets contributed by recruited affiliates are utilized to pay commissions and rewards through the Dagcoin compensation plan .
Note that 35% of all affiliate commissions paid out must be reinvested again into dagcoin.
Dagcoin Affiliate Ranks
There are eleven affiliate positions inside the compensation plan.
Alongside their particular qualification criteria, they are as per the following:
- Affiliate – join and invest in dagcoin
- Junior Manager – generate minimum of $10,000 in investment volume on your weaker binary side
- Manager – generate minimum of $25,000 in investment volume on your weaker binary side and recruit and keep up no less than two Junior Managers
- Senior Manager – generate minimum of $50,000 in investment volume on your weaker binary side and recruit and keep up no less than two Managers
- Junior Vice President – generate minimum of $100,000 in investment volume on your weaker binary side and recruit and keep up no less than two Senior Managers
- Vice President – generate minimum of $250,000 in investment volume on your weaker binary side and recruit and keep up no less than two Junior Vice Presidents
- President – generate minimum of $500,000 in investment volume on your weaker binary side and recruit and keep up no less than two Vice Presidents
- International Junior Vice President – generate minimum of $1,000,000 in investment volume on your weaker binary side and recruit and keep up no less than two Presidents
- International Vice President – generate minimum of $2,500,000 in investment volume on your weaker binary side and recruit and keep up no less than two International Junior Vice Presidents
- Ambassador – generate minimum of $5,000,000 in investment volume on your weaker binary side and recruit and keep up no less than two International Vice Presidents
- Crown Ambassador – generate minimum of $10,000,000 in investment volume on your binary paired side and recruit and keep up no less than two Ambassadors
The company restrict affiliates from doing anything with invested dagcoins for 8 months.
During these 8 months the company pay a 3% weekly ROI on withheld reserves.
The weekly ROI is paid in dagcoin. half of the ROI is withheld for an additional 8 months and half is paid directly to the affiliate.
Dagcoin affiliates are paid about 10% recruitment commission if and when they recruit new affiliates who also invest.
Dagcoin pay residual commissions by means of a binary compensation structure.
A binary compensation structure puts an affiliate at the highest point of a binary group, split into two sides (left and right):
The main level of the binary group houses two positions. The second level of the binary team is produced by parting these initial two positions into another two positions each (4 positions).
Resulting levels of the binary team are produced as required, with each new level housing twice the same number of positions as the past level.
Positions in the binary team are filled by direct and indirect recruitment of affiliates. Note that there is no restriction to how much a binary team can advance.
Toward the finish of every day Dagcoin counts up new investment volume on each side of the binary team.
Affiliates are paid a 10% commission on investment volume, with remaining volume on the stronger side carried over to the next day.
Dagcoin affiliates are paid a matching reward on remaining commissions through a unilevel compensation structure.
A unilevel compensation structure puts an affiliate at the top of a unilevel team, with the recruited affiliate placed directly under (level 1).
In the event that any level 1 affiliates recruit new affiliates, they are put on level 2 of the first affiliate’s unilevel group.
If in case any level 2 affiliates recruit new affiliates, they are set on level 3 and so on down a hypothetical endless number of levels.
In view of how much an affiliate has invested, Dagcoin pay a matching reward on up to five levels of recruitment:
- invest at the Expert level ($2500) and get a 5% match on level 1 (personally recruited affiliates)
- invest at the Pro level ($5000) and get a 5% match on levels 1 and 2
- invest at the Mentor level ($12,500) and get a 5% match on levels 1 to 3
- invest at the Investor level ($25,000) and get a 5% match on levels 1 to 5
Rank Achievement Bonus
Dagcoin affiliates get the following Rank Achievement Bonuses when they qualify at the Junior Manager and higher positions:
- qualify as a Junior Manager and get a “global event ticket”
- qualify as a Manager and get five “event tickets” and a “global event ticket”
- qualify as a Senior Manager and get an iPad Mini 64 GB and “global event ticket”
- qualify as a Junior Vice President and get “most recent iPhone 128 GB” and a “global event ticket”
- qualify as a Vice President and get a Macbook Pro and “global event ticket”
- qualify as a President and get an “luxury vacation for 2 people for 2 weeks” and a “global event ticket”
- qualify as an International Junior Vice President and get a Rolex watch and “global event ticket “
- qualify as an International Vice President and get a 500g gold bar and “global event ticket “
- qualify as an Ambassador and get a ” premium car or 50k towards a car” and “global event ticket”
- qualify as a Crown Ambassador and get “real estate or 100k towards real estate” and a “global event ticket”
Dagcoin affiliate membership is fixed to investment in dagcoin:
- Starter – $100
- Explorer – $500
- Advanced – $1000
- Expert – $2500
- Pro – $5000
- Mentor – $12,500
- Investor – $25,000
There is likewise a $20 Basic participation alternative, however Basic Dagcoin affiliates don't get a weekly dagcoin ROI.
Minus the ballroom gowns, Dagcoin is about as near a clone of OneCoin as you can get.
Same “selling education” ruse. Same riding on the coattails of bitcoin marketing pitch. Same guarantees of shippers, online business, open exchanging and so forth and so on.
On their site, Dagcoin guarantee their crypto currency is “300x quicker” than bitcoin and has “30x less expensive transaction fees “.
Being the only platform that acknowledges dagcoin right now, this is hardly surprising.
Dagcoin's “education courses” are unrelated, with dagcoin itself what affiliates are investing in.
Regardless of offering an investment opportunity, the company neglect to provide evidence of registration with a securities regulator in any jurisdiction they work in.
Amusingly, one of the expressed objectives of the company is to keep up “good relations with governments and authorities”.
I assume until further notice that means flying under the radar for however long possible.
The Ponzi points model utilized by OneCoin and Dagcoin is simple.
Affiliates invest genuine cash and are given useless points. Dagcoin allot a ever-increasing value to those points and affiliates money out a ROI.
The company do give wallet and blockchain links on their site, but as of yet the coin is not publicly tradable.
On the off chance that they do figure out how to get it listed, the internal value of Dagcoin will amount to nothing. With no practical use dagcoin's public value will approach zero once affiliate recruitment fades away.
What's especially nefarious is Dagcoin forbidding affiliates from doing anything with invested dagcoins for 8 months.
This may appear like a arbitrary number yet it's probably about as long as Nils Grossberg figures he can keep the ploy going.
After eight months the public value of dagcoin will have likely crumpled and Grossberg will be long gone with your cash.
Aaron and Shara What Do You Suggest?
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