What Is DigiCoin? Another BS Crypto Ponzi Scheme!

DigiCoin is a cryptocurrency investment MLM company but it doesn’t tell us where they are operating out of, nor do they tell us who owns the company. 

Out of appearing legitimate, they have a UK Incorporation. For MLM due diligence, this means absolutely nothing. 

UK incorporation is cheap and can be exploited, even by nefarious companies. This is why Ponzi schemes hide behind this flimsy document. A UK Incorporation does not give them permission to carry out financial transactions or activities on behalf of their clients. 

But their UK incorporation does not make sense because their listed incorporated address is in Norway, and it’s incomplete at that. 

In October 21st this year, the Philippines SEC issued a securities fraud warning against DigiCoin. During their investigation, the SEC uncovered DigiCoin Markets, run by Philippine nationals. 

Despite continued warnings against DigiCoin, a man by the name of Ramir Tulisana continues to promote the company. A screenshot he shows on their Facebook page shows an admin account, which leads us to believe that Tulisana might be one of the few people running the program. 

DigiCoin Product Line

There are no products being offered by DigiCoin. It only offers membership into their income opportunity, which requires an investment. 

Does The Product Work?

DigiCoin, or DigiCoin Markets, claims that they’re a trading platform for crypto investors. But there’s no proof that they’re a platform for trading. 

You see, the problem with DigiCoin is that they also fail to provide evidence of the trading revenue they generate for their members. 

Check out their investment claims. 7% a day for trading, and for life? You’d be able to access this system for $20 and you’ll never have to worry about working ever again. 

For starters, the company should probably just keep whatever system they were working on to generate the 7% profit and just continue to reinvest for exponential gains. 

As it stands, the only proof of income they have is through new member recruitment. New member recruitment will result in new investments, which will be used to pay off members in the higher tier. 

And by higher tier, we mean people who’re running DigiCoin. People outside of the DigiCoin management team will never see a single cent. 

Like most Ponzi schemes, once recruitment stops, money stops coming in too.

There’s only one way to make money from DigiCoin and that’s through recruitment. 

How To Get Started with DigiCoin?

DigiCoin membership is free, but you need a minimum investment of $20 to join their income opportunity. 

They also accept cryptocurrencies for investment options. 

DigiCoin Compensation Plan

Their compensation plan is divided into two parts: the ROIs and referral commissions. 

For the ROI’s, DigiCoin offers the following: 

• Standard Package – invest $20 to $1000 and receive 5% a day for 30 days

• Medium Package – invest $1200 to $7000 and receive 6% a day for 30 days

• Professional Package – invest $8000 to $20,000 and receive 7% a day for 30 days

Referral Commissions

DigiCoin pays out referral commissions based on funds invested by newly recruited members. This is built on a unilevel structure. The structure places you at the top of your team. Your direct recruits are placed under you and labeled as level 1. 

When level 1 members recruit people, they’re considered as indirect recruits. They are placed under your level 1 members and are labeled as your level 2. Consequently, your level 2’s become your level 1’s own level 1 members. 

This goes on infinitely in theory but DigiCoin caps the levels at four. Commissions are as follows: 

• level 1 (personally recruited affiliates) – 5%

• level 2 – 3%

• levels 3 and 4 – 1%

#1 Securities Fraud!

It comes as no surprise that DigiCoin was issued a securities fraud warning by the Philippines SEC. That probably means they’re either operating out of Philippines, or have enough people promoting it that they got the attention of the SEC. 

Either way, you can go to jail for promoting the program. If you make money off of people with DigiCoin, you land more jail time. 

#2 Ponzi Scheme!

Recruitment is the name of the game here, and it’s the only source of income for DigiCoin. There’s no proof anywhere that they make money through trading profits or commissions from profits generated by the members. 

Just like securities fraud, you can land some serious jail time too. 

#3 They Lied About Their Starting Date!

They claim they’ve been around since February 2020, but it’s a lie. They’ve only been established this year, and have only been around for a few months. 

DigiCoin might be a reboot of another Ponzi scheme that collapsed, but because there’s so many of them out there, it’s hard to trace which one’s the older sister.

There’s nothing to like about DigiCoin.

DigiCoin is a clear-cut Ponzi scheme, no questions about it. The Philippines issued a securities warning against the company, DigiCoin Markets, so it’s obvious that the management is based in Philippines or that there are a lot of people promoting DigiCoin. 

Promoting this Ponzi scheme could land you some jail time, not to mention securities fraud is a serious crime for which this DigiCoin is committing. 

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In fact, with affiliate marketing...