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 HEK 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.
