Dagcoin operate in the cryptocurrency MLM niche and is headed up by founder and CEO, Nils Grossberg.

According to his LinkedIn profile Grossberg is based out of Estonia.

Grossberg claims 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.

Sound familiar?

Prior to founding Dagcoin Grossberg was a prominent European investor in the OneCoin Ponzi scheme:

Grossberg registered the Dagcoin website domain in late April. He appears to have ceased promoting OneCoin around the same time.

Read on for a full review of the Dagcoin MLM opportunity.

Dagcoin Products

Dagcoin has no retailable products or services, with affiliates only able to market Dagcoin affiliate membership itself.

Once signed up, Dagcoin affiliates are able to invest in the dagcoin cryptocurrency.

Dagcoin is not publicly tradable and has no value outside of the Dagcoin MLM opportunity.

The Dagcoin Compensation Plan

Dagcoin affiliates invest in dagcoin on the expectation of a 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

Funds invested by recruited affiliates are used to pay commissions and bonuses through the Dagcoin compensation plan.

Note that 35% of all affiliate commissions paid out must be reinvested back into dagcoin.

Dagcoin Affiliate Ranks

There are eleven affiliate ranks within the Dagcoin compensation plan.

Along with their respective qualification criteria, they 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 recruit and maintain at least two Junior Managers
  • Senior Manager – generate at least $50,000 in investment volume on your weaker binary side and recruit and maintain at least two Managers
  • Junior Vice President – generate at least $100,000 in investment volume on your weaker binary side and recruit and maintain at least two Senior Managers
  • Vice President – generate at least $250,000 in investment volume on your weaker binary side and recruit and maintain at least two Junior Vice Presidents
  • President – generate at least $500,000 in investment volume on your weaker binary side and recruit 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 recruit and maintain at least two Presidents
  • International Vice President – generate at least $2,500,000 in investment volume on your weaker binary side and recruit 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 recruit 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 recruit and maintain at least two Ambassadors

Weekly Reward

Dagcoin prohibit affiliates from doing anything with invested dagcoins for 8 months.

During these 8 months Dagcoin pay a 3% weekly ROI on withheld funds.

The weekly ROI is paid in dagcoin. 50% of the ROI is withheld for another 8 months and 50% is paid directly to the affiliate.

Recruitment Commission

Dagcoin affiliates are paid a 10% recruitment commission when they recruit new affiliates who invest.

Residual Commissions

Dagcoin pay residual commissions via a binary compensation structure.

A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):

The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).

Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.

Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note that there is no limit to how deep a binary team can grow.

At the end of each day Dagcoin tallies up new investment volume on each side of the binary team.

Affiliates are paid a 10% commission on matched volume, with leftover volume on the stronger side carried over to the following day.

Matching Bonus

Dagcoin affiliates are paid a matching bonus on residual commissions via a unilevel compensation structure.

A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):

If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.

If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.

Based on how much an affiliate has invested, Dagcoin pay a matching bonus on up to five levels of recruitment:

  • invest at the Expert level ($2500) and receive a 5% match on level 1 (personally recruited 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 receive the following Rank Achievement Bonuses when 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”

Joining Dagcoin

Dagcoin affiliate membership is tied to investment in dagcoin:

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

There is also a $20 Basic membership option, however Basic Dagcoin affiliates don’t receive a weekly dagcoin ROI.

Conclusion

Minus the ballroom gowns, Dagcoin is about as close to a clone of OneCoin as you can get.

Same “selling education” ruse. Same riding on the coattails of bitcoin marketing pitch. Same promises of merchants, e-commerce, public trading etc. etc.

On their website, Dagcoin claim their cryptocurrency is “300x faster” than bitcoin and has “30x cheaper transaction fees”.

Being the only platform that accepts dagcoin at the moment, this is hardly surprising.

Dagcoin’s “education courses” are irrelevant, with dagcoin itself what affiliates are investing in.

Despite offering an investment opportunity, Dagcoin fail to provide evidence of registration with a securities regulator in any jurisdiction they operate in.

Amusingly, one of the stated goals of Dagcoin is to maintain “good relations with governments and authorities”.

I suppose for now that translates to flying under the radar for as long as possible.

The Ponzi points model used by OneCoin and Dagcoin is simple enough.

Affiliates invest real money and are given worthless points. Dagcoin assign an ever-increasing value to those points and affiliates cash out a ROI.

Dagcoin do provide wallet and blockchain links on their website, but as of yet the coin is not publicly tradeable.

If they do manage to get it listed, the internal value of Dagcoin will mean nothing. Without any practical use dagcoin’s public value will approach zero once affiliate recruitment dies down.

What’s particularly nefarious is Dagcoin prohibiting affiliates from doing anything with invested dagcoins for 8 months.

This might seem like an arbitrary number but it’s probably about as long as Nils Grossberg figures he can keep the ruse going.

After eight months the public value of dagcoin will have likely collapsed and Grossberg will be long gone with your money.