DasCoin announces fourth public exchange, fails to gain traction
Despite listing itself on four cryptocurrency exchanges you’ve never heard of, Net Leader’s DasCoin has failed to gain any traction through public trading.
Not surprising when you consider DasCoin exists solely as an investment vehicle for duped Net Leaders affiliates.
I first became aware of DasCoin’s latest announcement after an investor tried to publish it as some sort of rebuttal to our previous DasCoin coverage.
That prompted me to do some research of my own.
Back in April DasCoin announced it would be listed on three public exchanges; BTC-Alpha, EUBX and CoinFalcon.
This coincided with an initial 17 cent public value. DasCoin’s public value pumped to a high of around 20 cents in June, after which it dumped to its current value of 6.9 cents.
Of the three initial exchanges, the majority of trading takes place on CoinFalcon.
CoinFalcon is operated by persons unknown, uses a virtual office address in the UK and itself only launched in late 2017.
91.22% of all DASC trading takes place on CoinFalcon ($25,514 over the past 24 hours).
Comparatively a few thousand USD worth of DASC is traded on BTC-Alpha, which has a predominantly Russian user-base.
European Blockchain Exchange, or EUBX for short, surfaced around the time DasCoin made its listing announcement.
The exchange appears to have since collapsed. If you click “exchange” on the EUBX website, you’re redirected to the company’s Terms of Use.
On August 1st DasCoin announced DASC will be listed on CoinBene, an Asian exchange that surfaced in November 2017.
DasCoin (DASC) is to be listed on CoinBene, one of the top cryptocurrency exchanges globally.
The announcement was made by DasCoin CEO Michael Mathias, who said: “Public trading is a crucial part of the DasCoin journey.
We are very excited about listing on CoinBene, which has quickly become one of the world’s largest cryptocurrency exchanges.”
Michael is also actively working on getting DasCoin listed on other external exchanges, and he expects to make an additional exchange announcement later in August.
So where does all of this leave Net Leaders investors?
Nowhere really.
Like the first three exchanges, all listing on CoinBene does is expose desperate Net Leaders affiliates to more gullible suckers to offload DASC onto.
This might cause a brief spike in DASC value and website activity, after which Net Leaders investors are back at square one.
DASC itself remains a pointless MLM altcoin, still serving no purpose beyond speculative investment among Net Leaders affiliates.
This is evidenced by a downturn in website traffic to the Net Leaders and DasCoin websites, as well as DASC’s stagnant 7 cents or so value.
Hello, no idea i need to laughing loud about your article or it may makes me fucking angry. What a bullshit about your dascoin research and you show that you definitely don’t know what you talk about. Sorry can’t accept it.
Point 1 All of the Coins or Tokens are in the basement right now!
Sure they have problems coz. their great technology innovations are little delayed.
When you talk about coinfalcon or BTS Alpha than we need to talk about all other currencies what are launched on it too, … All scams???
You not say any word in your great article about the technology innovations … Daspay, Das33, the ecosystem or our fast Blockchain!
By the way one of the very good innovations is we can trade dascoin in a circle from member to member in our network … and its very secure!
Maybe you dont like Dascoin because you not understand it right or you dont try to understand it. But i see your article from May 23rd when you talk about Dascoin count as a fraud in Canada but you dont say any f…g word about that all cryptos are banned in Canada incl. Bitcoin!!!
so comon, make a better homework and be fair to everyone!
A OneCoin clone exit-scamming through public exchanges isn’t “innovation”.
No I don’t. DasCoin isn’t a Ponzi scheme because it managed to dupe some dodgy fly by night exchanges into listing its coin.
DasCoin is a Ponzi scheme because prior to public exchange exit-scamming, newly invested funds were used to pay existing investors through Net Leaders.
Nah. Former OneCoin scammers go off and launch their own Ponzi points clone. That’s all DasCoin is.
What does marketing bullshit have to do with DasCoin launching as a Ponzi scheme? Besides, any cryptocurrency will be fast if nobody outside of a few desperate investors are using it.
1. Cryptocurrency isn’t banned in Canada.
2. Only DasCoin was named in the securities fraud cease and desist. Why would I mention other companies?
Funny how as long as there’s a glimmer of hope they’ll be able to recoup losses from new suckers, Ponzi investors will readily focus anger on those pointing out they’ve been scammed – as opposed to those who actually scammed them.
Sorry for your loss.
Yeah, it is exactly what you’ve got. No real value outside of your circle (of scammers). Very secure. 😉 Quite often it is called “internal transfers” and these types of an exchange and funds withdrawals are typically allowed towards the end of the scams lifecycle.
And I am pretty sure (secure), that’s all you got in the end.
no one forced you to come here, but the truth is hurting your sucking in of new rubes. when known scammers are pimping this shit and they don’t do ‘legitimate’, you have a problem.
Hey, Frank Shamrock was an mma fighter. Maybe that retirement plan wasnt great.
lololl just look at their block explorer. Pretty much every order is cancelled.
This kind of outright fraud is only possible in crypto and these scammers are taking full advantage.
You just have to look at who the promoters are, never have I seen so many crooks, thieves and scammers in one company.
Stay well away from this one if you value your credibility.
@Frank Schimrock lol.
Broken english aside, you make zero points. Dascoin is garbage.
Hi Guys. Thank you for all the information. It seems you guy are miss informed. dascoin is a cryptocurrency.
Marketing is incentivised at 8% commissions of the sale amount. like so many companies give commissions to there sales team. and they are not called ponzi schemes because of it.
Sure the value is down. but so is all cryptos right now.
Dascoin is trading on public exchanges and has launched a test run of a payment system that is rolling out right now.
we work closely with cartaworldwide. This is a big well established company that will not waste its time with ponzi schemes.
DasCoin started off as a OneCoin Ponzi points clone, launched by a former OneCoin investor.
Getting listed on public exchanges is just part of the exit-scam. As evidenced by desperate DasCoin investors trying to sell and nobody outside of DasCoin buying.
And rightly so. DasCoin is a Ponzi scheme because at launch newly invested funds were used to pay existing investors through the internal exchange.
This is a Ponzi foundation of DasCoin. Not withstanding zero retail, meaning DasCoin also satisfies pyramid scheme criteria.
What other companies do or don’t pay is irrelevant. Ditto the value of other cryptocurrencies.
DASC is dumping because nobody outside of the DasCoin Ponzi scheme wants to buy.
And why would they? DASC is pointless outside of hoping new suckers invest so you can recoup your losses.
Hello
today we just released our ATM machines at the bitfest in Amsterdam, also we are able to make purchases online using dascoin thanks to cartaworldwide…
you need to stay updated, Dascoin has proven is not a scam
Thank you
What does any of that have to do with the DagCoin Ponzi scheme recycling newly invested funds to pay off existing investors?
1. An internal ATM machine (that isn’t connected to a bank) just allows you to access your ROI withdrawals via a card (until DagCoin’s invested fund reserve runs out).
2. No merchant outside of DagCoin accepts dagcoin. Converting your monopoly money points into real money and then spending that money (again, for as long as the invested funds reserve holds up) isn’t “making purchases online using dagcoin”.
You haven’t proven dick.
You are mistaken ! the ATM machines are connected to a processor called cartaworldwide who are top#1 online payment processors and have an alliance with Dascoin!
so we can all use our debit cards on every country to purchase dascoin from ATM machines PLUS we can make purchases online at any merchant thanks to this alliance!
Dascoin is not a SCAM! ahaha
(Ozedit: irrelevant marketing waffle removed)
Yawn. AlliancePay is some shady processor run by persons unknown from a scammy .io domain. The only reason a company operates from a .io domain is if it’s doing something illegal.
As for Carta Worldwide, if they want to be the next Payza, iPayout, VictoriaBank, QualPay etc. etc. cool. If regulators ever move to shut Net Leaders and DasCoin down they can pay back whatever they received in commissions, just like all the other processors who get into bed with fraudulent schemes.
It’s also worth noting website interest in Carta Worldwide peaked around the same time DasCoin announced a partnership. It has since crashed back to what it was.
In short AlliancePay and Carta Worldwide are companies nobody had ever heard of before DasCoin pulled the “legitimacy by association” routine.
You can stop with the “we’re legit because of our processor” bullshit, because it’s meaningless. You can’t legitimize a Ponzi scheme by association.
In this case Carta Worldwide, AlliancePay or whoever Net Leaders and DasCoin are using are converting DASC Ponzi points (altcoin) into real money (subsequently invested funds). Affiliates are then able to use that money to purchase whatever.
Attaching a dodgy conversion through a dodgy payment processor to legitimate fiat channels doesn’t make DasCoin a legitimate currency.
You’re not buying anything with DASC because no merchant accepts DASC. All you’re doing is converting your DASC altcoin to real money (ROI) and spending that.
That’ll last for as long as NetLeaders and DasCoin stick around (they’re the ones providing the invested funds for you to cash out). Probably won’t be that much longer if recruitment of new investors continues to tank.
No new investment means there’s no money to steal and trade your worthless DASC altcoin in for. And there’s zero demand for DASC outside of Net Leaders affiliates so you’re shit out of luck there too.
Sorry for your loss.
Oh and this:
is why you don’t mindlessly regurgitate marketing bullshit your upline fed you. It makes you look like a fucking moron.
Yeah, I’m sure Paypal, Visa, Mastercard are all terrified of Carta Worldwide – DasCoin’s newly crowned #1 online payment processor.
Fuck me dead, the MLM crypto niche is beyond hopeless.
I dont hold any DasCoin but I did have to grin after reading your comments. It is strange how we all see things so differently. ‘
I am researching DasCoin and I dont agree with most of what you published here. Of course I accept you may be right, but i am very doubtful that you are.
I do hold and trade other coins and I am about to buy some DasCoin. Just as with all my crypto investments, I dont expect to be a millionaire over night, but I do ok and have retired from any regular job.
Crypto is good and that goes for DasCoin too, but that is my opinion and not advice to try and drive anyone to or from any of the crypto currencies.
The thing about facts is regardless of whether you personally disagree with them or not, they’re still facts.
So you want to invest in DasCoin, a Ponzi scheme modeled after OneCoin? Cool.
Sorry for your future loss.
Carta Worldwide CEO Brian Semkiw is listed as part of Dascoin company – he is not a 3rd party credible source of endorsement, he is incentivised to say positive things of Dascoin. He has also left as CEO of Carta Worldwide.
Its a Pyramid scheme worthy of a Tobelerone Bar.
Any time an MLM company goes full “legitimacy by association”, be wary.
Wow, great conversation. I don’t know alot about crypto. So I have just a few questions.
1. Carter world wide why would they get involved? Such a company surely would have researched any CEO or company it was getting involved with?
2. Companies which have offered their services to Dasc how will they profit from a Ponzi scheme? If it is a Ponzi scheme surely they will feel the gaulet of the authorities?
3. Michael Mathias is he not a upstanding hard-working business man?
4. DasCoin has alot of investment from around the world, surely some of these investors are not people one wants to upset?
5. Poland recently confiscated 11 million from the company, how and when will that money be returned? Who is responsible for the money? Whose loss is it?
6. If the investment from the people stop, what will be the out come of the company and people’s investment? Where will the people lay with dass 33?
7. I note that the company has changed its name to three times why?
8. I met a couple of Jewish gentlemen who have invested 25,000 they believe?
9. If as commented the ATM machine is fed internally and the funds or company stop are you saying the ATM card will be useless
10. It is said that Dasc member are KYC just as the Banking industry do?
Canada, Why did they issue?
If bitcoin is unregulated and unchallenged then surely the market is open for anybody to start a currency let’s call it Rupert the bear and if people buy into it the value of it becomes real?
Finally when Bitcoin started the rumours were out, can it be that this Dasc maybe the real deal or a figment of the imagination.
You’d have to ask Carter Worldwide why they got involved in a Ponzi scheme.
Where do you think the money DasCoin is paying them comes from?
Yet here we are.
This is a question for Polish authorities.
Sorry for your loss.
Fool me once, shame on you. Fool me twice, shame on me. Fool me three times, time to finally start asking questions before investing.
Believe in what?
ATMs aren’t magic money machines. The money you withdraw has to come from somewhere (Excelz/Dascoin investors).
Makes it easier for regulators to put together a list of Dascoin investors when the time comes. Doesn’t stop the company from operating fraudulently though.
The issue regulation wise with Excelz/DasCoin is not whether it’s a currency or not, it’s that a passive return is being marketed without appropriate securities licenses.
On top of that commissions paid out through Excelz are tied to recruitment, making it a pyramid scheme.
Bitcoin isn’t an MLM company operating as a Ponzi scheme and committing securities fraud, so it’s entirely irrelevant.
Thanks for your response.
Have you ever thought of going on RL News and exposing corrupted start ups? Or doing a investigation page based on real solid evidence?
In my humble opinion if such a company is running a scam of this nature may they have the protection of fort Knox as persons that join these schemes are not always ordinary citizens of the world!
I will watch Dasc, Netleaders and other names to see how far they get, keep reporting you are doing a great job.
Not interested in self-promotion.
Everything we publish is based on independent research. Typically the information sourced is, in one way or another, traceable back to the company itself. We just don’t put a bullshit marketing spin on it.
Yet they’ll disappear just the same when it all comes crashing down. These MLM cryptocurrency schemes all end in the same manner.
Daswallet.com is down for at least 2 days with no response from support. On Dec 8th two Global Ambassadors with Netleaders Paul McCarthy & Mateusz Guzda have been dropped. Is this the end of Dascoin?
I’ve discovered they are currently migrating from Netleaders to Excelz.
They did mention they were moving to Excelz but failed to inform their “customers” that it was actually in progress. No helpful message on the old netleaders.com site or any other communication.