Dagcoin Review – Is This A Good Opportunity Or Big Scam?
In the last few weeks, Dagcoin has been getting a lot of attention in the network marketing circles.
With all this hype, I am sure you have seen some of your friends trying to sell Dagcoin in your social media feeds.
The first thing you need to know is that I am NOT an affiliate or distributor for Dagcoin.
I wanted to gather all the information about Dagcoin in my Dagcoin Review in order for you to make a decision about joining Dagcoin.
Is Dagcoin legit or a scam?
Will it be able to deliver on it’s promises to you?
Let me show you in my unbiased review of Dagcoin.
Read on to find out what you need to know.
What The Heck Is Dagcoin?
According to the official Dagcoin website, the company’s Founder and CEO goes by the name of Nils Grossberg.
I decided to look further into Mr. Grossberg, and when doing so, I managed to come across his LinkedIn profile.
Grossberg’s LinkedIn page reveals that he’s currently residing in Estonia, and part of his profile claims that Dagcoin’s mission is to, “provide alternative currency for everyday use, focusing not he Asia market where we help unbanked people to manage their assets better.”
If this sounds like a familiar statement to you, that’s because it’s essentially a ripoff of the same one that was being touted by OneCoin.
OneCoin is a Ponzi scheme that Grossberg was previously a part of, and during his time with OneCoin, Grossberg became one of the top investors in Europe.
Grossberg registered the Dagcoin site domain in late April of this year, and this is likely when he finally left OneCoin.
What Are The Dagcoin Products?
Product lines are essential for any legit MLM setup, and this is something that Dagcoin is unfortunately lacking.
Not a single product or service is being sold to retail customers, and affiliates for the company only have the affiliate membership to market to individuals that are looking for a new income opportunity to join.
Upon joining Dagcoin, you’ll be given the opportunity to invest in the dagcoin cryptocurrency.
You can’t currently trade dagcoin on the public market, and as a result of this, it holds no real world value.
What About The Compensation Plan For Dagcoin?
Let’s move things over to the compensation plan.
Affiliates can invest various amounts of money into the dagcoin cryptocurrency, and you’ll get more dagcoins as you invest more and more money.
The various investment tiers that are available to affiliates is as follows —
- Starter — Make an investment of $100, get 100 dagcoins
- Explorer — Make an investment of $500, get 500 dagcoins
- Advanced — Make an investment of $1000, get 1000 dagcoins
- Expert — Make an investment of $2500, get 3000 dagcoins
- Pro — Make an investment of $5000, get 6000 dagcoins
- Mentor — Make an investment of $12,500, get 17,500 dagcoins
- Investor — Make an investment of $25,000, get 35,000 dagcoins
After investing your cash into dagcoins, you won’t be able to do anything with them for an 8-month period.
However, during this time, you can earn a weekly ROI of 3% on the dagcoins that you currently have.
Once those 8-months are up, 50% of your earnings are kept for another 8 months whereas the other 50% is paid directly to you.
Additionally, affiliates can also earn through recruitment and residual commissions.
The former is paid at a rate of 10% based on investments made by personally recruitment members, and the latter is handled with a binary system.
Of all the money you earn throughout Dagcoin, 35% of it must be reinvested back into more dagcoin.
What’s The Cost Of Joining Dagcoin?
If you’re for some reason interested in joining Dagcoin, you’ll need to make an investment into one of the following tiers —
- Starter — $100
- Explorer — $500
- Advanced — $1000
- Expert — $2500
- Pro — $5000
- Mentor — $12,500
- Investor — $25,000
Affiliates also have the chance to join for $20 at the Basic tier, but if you choose to do this, you won’t be able to earn on the 3% weekly ROI.
So, Is There A Dagcoin Scam Going On?
Have you been hearing rumours that Dagcoin is a scam?
After reading this review, you might still be asking yourself if it is really legit.
So – what is the truth? Is there really a Dagcoin scam going on?
If I am being perfectly honest, Dagcoin isn’t entirely a scam.
However, there are some things you need to watch out for.
This is how you will be successful in online marketing. See the image below for details.
Finally, My Dagcoin Review And Conclusion!
In case you couldn’t already tell, Dagcoin is nothing more than a clone of OneCoin.
Dagcoin is using the same bogus claim of, “selling education” in order to get people to join, and you’ll also find the same nonsensical mentions of public trading, e-commerce, and merchants.
The Dagcoin website claims that its cryptocurrency has, “30x cheaper transaction fees” than bitcoin and that it is, “300x faster”, but these statements don’t really mean anything.
Dagcoin is the only company that’s allowing people to invest into the dagcoin cryptocurrency, so it essentially has free reign to say whatever it wants to about it.
At the heart of Dagcoin, however, it’s nothing more than a Ponzi scheme.
Newly invested funds are sent into the company, and they are then turned around to pay off ROIs that are owed to other members.
Once 8-months have passed and affiliates start to make withdrawal requests, this is when Dagcoin will be sent right down the rabbit hole.
Only Grossberg and a handful of early adopters will be able to come out on top, as everyone else who’s involved with Dagcoin will end up losing out.
Grossberg will then make off with whatever he’s earned and leave Dagcoin to die a slow and painful death.
This isn’t anything you should want to be a part of, so my advice is to avoid this one at all costs,
I really hope you have gained value from my Dagcoin Review.
I wanted to make sure you had all the information you needed, because most other Dagcoin reviews are just trying to sell you something.
If you really do decide to join Dagcoin, I want you to succeed with your business. Learn how to market yourself properly!
My training can help you make money online!