Dagcoin Review – Legit Company or Another Scam? Find Out Here…
Welcome to my Dagcoin Review!
Chances are you have already been approached by someone about this company…
Or maybe this is the first time you’ve heard the name…
Either way, you are probably here because you want to know more about this online business…
Well, you’ve come to the right place!
This review will provide you with all the information you need about the company, the products and the compensation plan.
Let’s dig in!
Dagcoin Review – The Company
Dagcoin is run by founder and CEO, Nils Grossberg and operates in the cryptocurrency niche.
A quick look at Grossberg’s LinkedIn profile reveals that he is based out of Estonia.
Grossberg says that Dagcoin’s
mission is to provide alternative currency for everyday use, focusing on the Asian market where we help unbanked people to manage their assets better.
Before founding Dagcoin, Grossberg was a leading European investor in the OneCoin opportunity.
The Dagcoin website domain was registered by Grossberg in late April, which is around the same time he stopped promoting OneCoin.
Dagcoin Reviews – The Products
Dagcoin does not offer any retail products or services to offer.
Affiliates simply market the Dagcoin affiliate membership.
Once they join, affiliates can invest in the dagcoin cryptocurrency.
The cryptocurrency is not publicly traded, and therefore holds no value outside of the company.
The Dagcoin Compensation Plan
Dagcoin affiliates sign up and invest in dagcoin for an ROI:
- Starter – Invest $100 and receive 100 dagcoins
- Explorer – Invest $500 and receive 500 dagcoins
- Advanced – Invest $1000 and receive 1000 dagcoins
- Expert – Invest $2500 and receive 3000 dagcoins
- Pro – Invest $5000 and receive 6000 dagcoins
- Mentor – Invest $12,500 and receive 17,500 dagcoins
- Investor – Invest $25,000 and receive 35,000 dagcoins
Money that is invested by sponsored affiliates is used to pay commissions and bonuses through the company compensation plan.
It should be noted that 35% of all affiliate commissions earned is required to be reinvested back into dagcoin.
Dagcoin Affiliate Ranks
Dagcoin features 11 affiliate ranks within the company compensation plan.
Each rank has its own respective qualification criteria, which are as follows:
- Affiliate – Sign up and invest in dagcoin
- Junior Manager – Generate at least $10,000 in investment volume on your weaker binary side
- Manager – Generate at least $25,000 in investment volume on your weaker binary side and sponsor and maintain at least two Junior Managers
- Senior Manager – Generate at least $50,000 in investment volume on your weaker binary side and sponsor and maintain at least two Managers
- Junior Vice President – Generate at least $100,000 in investment volume on your weaker binary side and sponsor and maintain at least two Senior Managers
- Vice President – Generate at least $250,000 in investment volume on your weaker binary side and sponsor and maintain at least two Junior Vice Presidents
- President – Generate at least $500,000 in investment volume on your weaker binary side and sponsor and maintain at least two Vice Presidents
- International Junior Vice President – Generate at least $1,000,000 in investment volume on your weaker binary side and sponsor and maintain at least two Presidents
- International Vice President – Generate at least $2,500,000 in investment volume on your weaker binary side and sponsor and maintain at least two International Junior Vice Presidents
- Ambassador – Generate at least $5,000,000 in investment volume on your weaker binary side and sponsor and maintain at least two International Vice Presidents
- Crown Ambassador – Generate at least $10,000,000 in investment volume on your weaker binary side and sponsor and maintain at least two Ambassadors
Dagcoin affiliates are prohibited from doing anything with invested dagcoins for 8 months.
Throughout these 8 months, Dagcoin pays a weekly ROI of 3% on withheld funds.
Weekly ROIs are paid in dagcoin, and 50% of the ROI is again withheld for another 8 months, with the other 50% being paid right to the affiliate.
Dagcoin affiliates earn a 10% recruitment commission when they sponsor new affiliates who also invest.
Residual commissions are tracked and paid through a binary compensation structure.
A binary compensation structure puts an affiliate at the top of a binary team that splits into a left and right side.
The binary team’s 1st level holds 2 positions and the 2nd level is made by adding another two positions under each of the first two, for a total of 4 positions.
Additional binary team levels are created as needed, with every new level holding twice as many positions as the level above it.
Binary team positions are filled by direct and indirect sponsorship of affiliates, with no current limit to how far a team can grow.
Dagcoin adds up new investment volume on both sides of the binary team at the end of every day.
Affiliates earn a 10% commission on matched volume, and any volume that is leftover on the stronger side is carried over to the next day.
Dagcoin affiliates can also earn a matching bonus on residual commissions through a unilevel compensation structure.
This type of compensation structure puts an affiliate at the top of a unilevel team that places each personally sponsored affiliate immediately underneath them on level 1.
When a level 1 affiliate brings in new affiliates, they are put on the 2nd level of the original affiliate’s unilevel team.
When a level 2 affiliate bring in new affiliates, they are put on the 3rd level, and this continues on down as many levels as are needed.
Depending on how much an affiliate has invested, Dagcoin pays a matching bonus on up to 5 levels of sponsorship:
- Invest at the Expert level ($2500) and receive a 5% match on level 1 (personally sponsored affiliates)
- Invest at the Pro level ($5000) and receive a 5% match on levels 1 and 2
- Invest at the Mentor level ($12,500) and receive a 5% match on levels 1 to 3
- Invest at the Investor level ($25,000) and receive a 5% match on levels 1 to 5
Rank Achievement Bonus
Dagcoin affiliates can earn the following Rank Achievement Bonuses once they qualify at the Junior Manager and higher ranks:
- Qualify as a Junior Manager and receive a “global event ticket”
- Qualify as a Manager and receive five “event tickets” and a “global event ticket”
- Qualify as a Senior Manager and receive an iPad Mini 64 GB and “global event ticket”
- Qualify as a Junior Vice President and receive “latest iPhone 128 GB” and a “global event ticket”
- Qualify as a Vice President and receive a Macbook Pro and “global event ticket”
- Qualify as a President and receive a “luxury vacation for 2 people for 2 weeks” and a “global event ticket”
- Qualify as an International Junior Vice President and receive a Rolex watch and “global event ticket”
- Qualify as an International Vice President and receive a 500g gold bar and “global event ticket”
- Qualify as an Ambassador and receive a “premium car or 50k towards a car” and “global event ticket”
- Qualify as a Crown Ambassador and receive “real estate or 100k towards real estate” and a “global event ticket”
Cost To Join Dagcoin
The cost to join Dagcoin as an affiliate is an investment in dagcoin:
- Starter – $100
- Explorer – $500
- Advanced – $1000
- Expert – $2500
- Pro – $5000
- Mentor – $12,500
- Investor – $25,000
Dagcoin does have a $20 Basic membership option, however these affiliates do not receive a weekly dagcoin ROI.
Verdict on Dagcoin
On the Dagcoin website, the company claims that their cryptocurrency is “300x faster” than bitcoin and has “30x cheaper transaction fees”….
But, seeing as they are the only platform out there accepting this cryptocurrency, is that really a surprise?
They can make promises to the ends of the earth being the only company that deals in dagcoin…
But at the same time, this means that dagcoin is virtually useless and holds no value outside of the company…
So, what happens if the company collapses?
Affiliates lose out on real monetary investment…
Also, the fact that affiliates cannot touch their dagcoin investments for 8 months is somewhat worrisome…
So, if you are considering joining this company, please do so at your own risk…
I hope you enjoyed my Dagcoin review and if you have any questions, please leave them in the comments below…
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