Is Dagcoin a Scam? It’s A Clone Of An Infamous Ponzi Scheme!

Dagcoin is a MLM or multi-level marketing company that markets a cryptocurrency investment program. Investing into their program will allow you to purchase their crypto called Dagcoin (duh!).

The company was founded by Nils Grossberg in 2017 and is currently based in Estonia. They’re operating under an “education” company called Success Factory, which is nothing more than a front for Dagcoin.

To determine if the program was a scam, we had to verify if the owner existed, and sure enough, he does. His LinkedIn profile was the first thing I saw when I did a quick Google search.

Part of his profile claims that he aims to “provide an alternative currency for people to use daily”. If this statement sounds a bit familiar to you, well that’s because it comes from one other company called OneCoin.

OneCoin is a notorious Ponzi scheme that Grossberg was a part of, to the point where he became one of the top investors in Europe. Grossberg registered the Dagcoin domain in April 2018 and that was the same time he also left OneCoin.

Dagcoin Product Line

Dagcoin offers the opportunity to invest in their Cryptocurrency called Dagcoin. There are no other products or services associated with this MLM company, so that’s already suspicious.

Just like OneCoin, Dagcoin has no real-world value and cannot be traded publicly. You’re basically buying into a Ponzi scheme.

Does The Product Work?

Their front of “selling education” is the reason why a lot of people are getting hooked into joining. The Dagcoin website claims that their cryptocurrency has:

• 30x cheaper transaction fees than Bitcoin
• 300x faster than Bitcoin

But these statements don’t really mean anything. Let me tell you a short story too that coincides with a lot of the things we said earlier.

About 5 to 6 years ago, OneCoin launched. Grossberg happened to be a part of this company and became one of the top investors. This scheme turned out to be one of the most infamous crypto scams after having generated $4 billion dollars through its nefarious compensation plan.

The owners of OneCoin are currently facing 90 years in jail and investigations on its members and promoters are still ongoing in Sweden, Thailand, Finland, Austria, and other countries.

A total of 98 people were arrested in connection with OneCoin, and a lot of their top people disappeared. Ruja Ignatova, one of the founders, has gone off the grid and has not been seen in nearly 4 years.

The reason why OneCoin is mentioned here is the fact that Nils Grossberg is associated with them. It’s just too coincidental that he left OneCoin to set-up this company.

Another reason why we brought up OneCoin is they also sold “education courses” like what Dagcoin is currently doing, but these were just a way to get you to invest in their crypto. Just like how Success Factory is meant to get you to invest in Dagcoin.

The only way to make money from Dagcoin is to recruit people. They make you think that there’s some form of passive income generated here, but there isn’t.

How To Get Started with Dagcoin?

There are different investment levels to get into Dagcoin:

• Starter - $100
• Explorer - $500
• Advanced - $1000
• Expert - $2500
• Pro - $5000
• Mentor - $12,500
• Investor - $25,000

Depending on your investment, you receive a weekly return paid in Dagcoin (and 35% of which has to be reinvested back into Dagcoin).

Your money is basically moving around in circles within the company and not getting into your wallet.

Dagcoin Compensation Plan

They have a pretty standard cryptocurrency MLM compensation plan. You invest real money and get something worthless in return.

Here's a breakdown of the plan:

Weekly Reward (ROI On Investment)

Dagcoin has you investing in the company through their various packages, but you don’t get your ROI immediately for 8 months.

During the 8 months you’re in, you get a 3% weekly return on your investment. Then once this is over, 50% of your total ROI is given to you and 50% is held again for 8 months.

You might think it’s worth something but it’s not. You get paid through their worthless crypto.

Personal Commissions

You get 10% on all investments paid by your personal recruits. This too is paid out in Dagcoin.

Residual Commissions

You earn a commission from your downlines and it looks like this:

Each level will have decreasing percentages, until you get to the lowest tier.

Again, this is paid out in Dagcoin.

Matching Bonus

You get a matching bonus in commissions when your downlines receive their bonuses.

The level of commission you get depends on how much you invested; i.e. the more you invest, the more money you make back.

In this case, you make a lot of Dagcoin which is absolutely worthless.

#1 It's a Onecoin Clone

OneCoin is one of the most infamous pyramid schemes in the last 20 years and have scammed more than $4 billion from their members.

It juts so happens that Dagcoin is an exact clone of OneCoin because everything about it is too convenient, ranging from the time the owner left OneCoin down to its similar MO and compensation plan.

On top of that, you’re getting your investment back through their worthless cryptocurrency which has no value in the real world.

The value of their coin is arbitrary, meaning that the value is dictated by the founders. If they say it’s worth $1,000,000, then it’s worth that much.

Unfortunately, this coin is not traded and has not gone public, so it’s not going to be accepted anywhere. This makes the entire investment worthless.

#2 Obvious Pyramid Scheme

From their compensation plan, it’s clear that the only way to make money is to recruit people. Let’s be honest here. The company has no other means to generate profit apart from just getting new people to invest in the program.

There’s no trading done here, so there’s no profits from trades. There are no products being sold, so no profits there either.

And because it’s an investment program, the company has to be registered with the proper financial institutions. This means that whenever you promote this in the country that you’re in, you need to be registered to do the trades and investments.

Otherwise, you go to jail just like the 98 people that marketed and promoted OneCoin.

There’s nothing to like about the program because it’s obviously a pyramid scheme. Time will tell as to when they’ll be caught by the law.

Dagcoin is a clone of OneCoin, one of the most infamous pyramid schemes in history. It won’t be long before the law catches up to Grossberg and his attempt in scamming people again.

• We have enough reason to believe that there’s nothing of value to be gained here. Their crypto is 100% worthless.
• You could go to jail for promoting this program, so that’s another reason why this is just a terrible program.

Dagcoin, just like OneCoin, makes MLM companies and the cryptocurrency industry look bad. Stay away from this program.

I'm not a fan of MLM, not because it's illegal or not profitable, but because of all the restrictions and the expensive costs involved.

Instead, Affiliate Marketing is my top recommended business model for anyone to make money online.

The reason is simple...

• You don't have to recruit anyone to make money
• You have the freedom to promote any products you want and not being restricted to only promote the products from one MLM company
• It's Free to get started

In fact, with affiliate marketing...