Daxio moves forward with Arctic Coffeehouse NFT grift
Following the collapse of its fourth reboot last June, Daxio has announced a fifth reboot.
Presented as a “partnership proposal”, Daxio’s fifth reboot is tied to an “Arctic Coffeehouse” NFT grift.
An “Arctic Coffeehouse Daxio DAO Partnership Proposal”, uploaded to Tally on March 12th, pitches Arctic Coffeehouse as
a Norwegian coffee brand set to expand business globally.
With a strong focus on brand building and social influencing Arctic Coffeehouse believes the brand and its products will be well known around the world.
Arctic Coffeehouse operates from two known website domains:
- “arcticcoffeehouse.com” – first registered in 2020, private registration last updated on May 24th, 2024
- “arcticcoffeehouse.no” – first registered in March 2023, private registration last updated on February 7th, 2024
From what Wayback Machine we can see Arctic Coffeehouse’s website only went live sometime towards late March 2024:
Wayback Machine’s archives for Arctic Coffeehouse’s .NO domain also date back to late March 2024.
While its website is only recent, planning for Arctic Coffeehouse appears to have begun in late 2023:
A major red flag is Arctic Coffeehouse hiding who owns or runs the company.
This crucial due-diligence information isn’t provided on Arctic Coffeehouse’s website. Arctic Coffeehouse’s website domain registrations are also private.
All that’s disclosed is “Arctic CoffeeHouse AS has its head office and production in Bergen.”
In violation of securities law in Norway and elsewhere in the world, Arctic Coffeehouse is soliciting investment from the public:
This would constitute securities fraud by way of Arctic Coffeehouse failing to provide evidence it has registered with financial regulators.
Arctic Coffeehouse’s investment pitch revolves around NFTs:
Investors invest 0.5 ETH into Arctic Coffeehouse NFTs. This is done on the promise of passive returns paid as “royalties”.
Arctic Coffeehouse’s NFT royalties are purportedly made up of 10% of the company’s generated revenue.
Specific details of Arctic Cofeehouse’s NFT grift are presented on the previously cited Tally page:
5000 NFTS to be minted for 0.5 ETH
Benefits of these 5000 NFT holders is 10% Discount on all products worldwide and 10% Royalties from the Coffee Business worldwide.
(Royalties are calculated into each product sale of coffee and other products sold.)
So where does Daxio fit into this?
The Daxio Dao will receive 10% of the mint to share with the Daxio DAO.
The Daxio Dao will receive 10% royalties from the Coffee Business worldwide.
SDAX can be used to purchase the coffee and other products.
In a nutshell, Arctic Coffeehouse is being touted as a lifeline for Daxio Ponzi bagholders. This hinges on NFT investment (securities fraud) and people ordering Arctic Coffeehouse products.
While Arctic Coffeehouse doesn’t disclose who owns it, I think it’s pretty obvious the primary suspect is Daxio owner Frode Jorgensen (right).
Jorgensen could be working alone but I’m more inclined to think he’s working with a third-party
Last we heard Jorgensen was on the run from Daxio investors. That was March 2023, after which there haven’t been any substantial updates.
Dear Oz,
I must address the recent blog post you’ve written about the coffee company and its connection to Daxio. I want to clarify a few key points:
Firstly, I am not the sole owner of Daxio. Daxio is a decentralized autonomous organization (DAO).
As a decentralized autonomous organization, we have a robust governance model where the 3,179 GDAX token holders collectively shape the project’s direction through voting.. I am one of those participants, but by no means the sole owner or decision-maker.
The partnerships and collaborations Daxio has entered into, including the one with the Norwegian coffee company, have all been proposed and voted on by the DAO members.
This is a transparent, community-driven process, not a personal decision made by me alone. The partnership with the Norwegian coffee company, for example, was proposed by a DAO member and then put to a vote.
The rationale was to explore synergies between the digital asset space and the traditional business world. It’s all about expanding the real-world utility and adoption of the Daxio ecosystem.
I understand your concerns about the NFT and token aspects of Daxio’s model. There’s a lot of hype and misinformation out there. But I would encourage you to take a deeper dive into how our model actually works. However, I believe you are oversimplifying and misrepresenting the technicalities involved.
As someone who has known you for years, I know you are capable of more nuanced analysis. The token supply and pricing dynamics are complex, with many factors at play beyond just the raw number of tokens.
The token supply and pricing aren’t just arbitrary numbers. They’re governed by smart contracts that aim to maintain equilibrium and incentivize long-term participation. And the NFTs we’ve released serve functional purposes within the Daxio platform, not just as speculative assets.
While I appreciate your role in policing this industry, I don’t believe you are the sole arbiter of what is right or wrong.
Daxio has been operating transparently on the blockchain for nearly 7 years now, which speaks to the viability of its model. I’m sure you’ll continue to scrutinize our activities, but I hope you can approach it with a more balanced perspective.
Lastly, I want to acknowledge your point about the need for this industry to be properly policed. I agree that it is a crucial task, and I respect the role you play in that regard.
However, I don’t believe your blog should be used as a platform for personal attacks or unsubstantiated claims.
I genuinely believe Daxio is doing innovative work in the blockchain space. We’re not just chasing the latest fads – there’s a well-thought-out vision and roadmap here.
I’d be happy to walk you through it in more detail if you’re interested. I’m open to further discussion on these matters, but I ask that you approach it with a more constructive and factual mindset. Let’s focus on the substance of the projects and their impact, rather than engaging in unproductive rhetoric.
At the end of the day, I respect your role as an industry watchdog. But I also believe there’s room for more constructive dialogue, where we can have substantive discussions about the merits and shortcomings of projects like Daxio. What do you think? Where could we find some common ground?
Sincerely,
Frode
Frode if you want to discuss Daxio start by being honest. I’m not a fucking idiot. You’re not a fucking idiot. BehindMLM readers aren’t fucking idiots.
You created Daxio, own and run it. Whether you’ve set up a DAO is irrelevant to you owning and running Daxio.
Even if I was a fucking idiot and drank the crypto kool-aid, who owns the most votes in the Daxio DAO?
Cool. Do you own or have an ownership stake (I don’t care how it’s set up) in Arctic Coffeehouse?
The model works the same as Daxio’s first four ruses. You’re illegally soliciting investment (securities fraud) on the promise of a passive return.
All that’s changed is the external revenue ruse, Arctic Coffeehouse.
Securities fraud is illegal in every country with a regulated financial market. What I think about “right or wrong” is irrelevant.
I don’t see any on this page. Only documented facts.
Thanks Oz,
Once again, you have demonstrated your remarkable linguistic abilities. It’s simply impossible to have a serious discussion on your blog, which is why I normally never respond in the comments in the first place.
To clarify, my involvement with Arctic Coffee is as a participant, not an owner. My stake consists of an NFT that I minted, just like everyone else. The GDAX tokens I hold in Daxio were purchased, just as any other DAO member has done or is doing. I am still buying more of them when i can.
I understand that you have your challenges and criticisms when it comes to projects like Daxio. As an industry biased watchdog, that’s your prerogative. However, I would encourage a more constructive dialogue, where we can have substantive discussions about the merits and shortcomings of these blockchain-based initiatives.
I hope you have a nice Sunday. And I wish you the best of luck with your continued efforts to keep this space honest and transparent.
Sincerely,
Frode
Right, so who owns Arctic Nutrition and why is this information hidden from consumers?
S-e-c-u-r-i-t-i-e-s f-r-a-u-d.
We can’t have a serious discussion because you won’t answer the questions that matter. Been this way since you launched Global Game Arena in 2019.
Via email;
Hi, let Frode Jorgensen work for us member, he do a good job for us, we must belive that Frode will give us our money.
now they will launch this coffe and this will help us get our money back,Frode say this coffe will be a big hit in China.
I get you have to be desperate because you’ve lost money but from anyone looking in this is standard Ponzi end-game shenanigans.
Selling coffee to China to recover fourth reboot Ponzi losses? Riiiiight.
Having Frode coming her pretending he is a legitimate businessman and his program is legal is comedic gold.
Of course he said the same things about PlexPay, Global Game Arena, Bidify naming a few. Let’s not forget about his best buds like Tom Sornes, Roger Karlsson, Tobias Tulbey and Pieter Roor, all Ponzi owners and Admins.
Story has it that Frode set up PIPS Pic Pay for Bryan Marsdan’s PIPS Ponzi, if Bryan Marsden is to be believed.
But keep those laughs coming Frode.
Unfortunately, I’m one of the many fools who actually went for this scam many years ago.
What I don’t understand is that we deposited money in BTC in the beginning! how can you then take all this money and deposit it in another currency without informing? And then that currency goes to the bottom!
I didn’t choose this! And the best part is that everyone involved in this circus pretends it never happened!!! And now coffee when will this end?
That’s the grift. Your bitcoin goes into Frode’s pocket and you get some shit token he created/creates on demand.
Dear BehindMLM Team,
I hope this message finds you well. I am writing to bring to your attention a situation that appears to be a sophisticated scam involving two entities: Daxio and Solidefi. I believe your expertise in investigating and exposing fraudulent schemes could shed light on this matter and help prevent further victimization.
Background Information
I recently engaged with a platform called Daxio, which presents itself as a legitimate exchange for trading SDAX to USDT, among other services. However, several concerning issues have arisen:
Shared Support and Responsiveness:
The support provided for both Daxio and Solidefi seems to be identical, with similar delays and responses, suggesting they might be operated by the same individuals.
Domain Registration Details:
Daxio’s domain (daxio.com) and Solidefi’s domain (solidefi.io) were both registered through GoDaddy, with privacy protection enabled, hiding the true registrants’ identities.
Notably, Solidefi’s domain was created on March 16, 2023, coinciding with Daxio’s announcements about new developments.
godaddy.com/whois/results.aspx?domain=daxio.com for Daxio
godaddy.com/whois/results.aspx?domain=solidefi.io for Solidefi
Suspicious Activity and Similarities:
Both Daxio and Solidefi exhibit poor support services, with responses that often seem scripted and unhelpful. Additionally, both entities utilize Cloudflare for DNS services, adding another layer of anonymity.
Daxio also launched a casino accepting SDAX as payment, which displayed the same support and operational issues as the other platforms, further indicating a connection.
Concerns
Frode Jørgensen is known to be the owner of Daxio. Based on my observations and experiences, I have strong reasons to believe that these platforms might be orchestrated by him as part of a larger scam. The establishment of Solidefi a day before its announcement on Daxio seems highly suspicious and indicative of a premeditated scheme.
Questions for Investigation
Ownership and Operation:
Can you investigate and verify any additional connections between Frode Jørgensen and Solidefi? Any patterns or additional links that tie him to these platforms would be crucial.
Legitimacy of Operations:
Are there any known instances or patterns in these operations that align with typical fraudulent schemes you have encountered in the past?
User Protection and Recourse:
What steps can users like myself take to seek recourse or report these entities to appropriate authorities to prevent further scams?
Further Investigation:
What additional information or evidence would you require from victims to conduct a thorough investigation into these platforms?
I appreciate your attention to this matter and look forward to any insights or findings you can provide. Your work in uncovering fraudulent schemes is invaluable, and I hope this potential scam can be thoroughly investigated and exposed.
Thank you for your time and assistance.
Sincerely,
SoliDefi appears both on Daxio’s website and in their marketing.
If SoliDefi was set up just before a marketing announcement from Daxio, that would indeed suggest common ownership.
SoliDefi doesn’t disclose who owns or runs it. For any business this is an immediate red flag lending itself to fraud.
Can’t say for sure whether Jorgensen is running SoliDefi but if it has no other purpose than to launder Daxio funds in and out of SDAX it’s highly probable.
As for reporting, Jorgensen is a Norwegian national last known to be residing in Thailand. After Daxio’s fourth collapse Jorgensen went into hiding.
BehindMLM has already “thoroughly investigated” all five iterations of Daxio. If you’re looking to locate Jorgensen that’s beyond the scope of our research and reporting.