DasCoin Ponzi collapses, GreenPower fork scam revealed
The DasCoin Ponzi scheme has collapsed, prompting the company to shut down its website.
Visitors to the DasCoin website are now presented with a hard fork message.
After a hard fork of the DasCoin Blockchain on May 14, 2019, the existing network nodes have voted to support a new coin.
DasCoin’s new scamcoin fork reboot has been revealed as GreenPower.
DasCoin launched in 2016 through Coin Leaders. Soon after, Coin Leaders was renamed to Net Leaders.
DasCoin CEO Michael Mathias’ defense of his Ponzi scheme saw him publicize a made up partnership with the Maltese government.
Mathias (right) also threatened a journalist for accurately comparing DasCoin to the OneCoin Ponzi scheme.
On the regulatory front a DasCoin investment fraud warning was issued in Poland, followed by a securities fraud cease and desist in BC, Canada.
Following the announcement of a criminal investigation into DasCoin and NetLeaders in Poland, NetLeaders rebranded itself again to Excelz late last year.
Excelz seems to have been abandoned in early April. The company lost its website, purportedly after its registrar seized the domain on or around April 6th.
DasCoin managed to get itself listed on several public exchanges, after which the grossly inflated internal value plunged.
Today DASC has a public trading value of just 1.5 cents.
The GreenPower fork of DASC is simply Michael Mathias copy and pasting his DasCoin blockchain under a new name.
According to the GreenPower website;
GREENPOWER has been designed to serve as a global rewards currency.
The currency has a fixed supply of coins that has been distributed during the past two years to over 150,000 accounts in over 180 countries.
GREENPOWER is a store-of-value unit at the center of an ecosystem of companies, each of which is working synergistically to enhance the overall value for all participants.
GREENPOWER is intended to be the currency used as loyalty rewards by millions of merchants worldwide.
For all intents and purposes, GreenPower is DasCoin 2.0.
The DasWallet has been repurposed for GreenPower, as has the internal DasExchange.
GreenPower meanwhile brings nothing new to the table and is burdened by DasCoin victims – who will be desperate to cash out if if GreenPower pumps.
That pump only happens if new gullible bagholders jump on board though, which remains to be seen.
These things keep happening and inconviniencing wouldbe genuine investors!
OZ: Small remark to your graph from coinmarketcap.
Indicated peak might be used only to “cash out to minimise the loss” (not by the scammers to “cash out and win”). Graph from coinmarketcap does not show days following the trading opening. There used to be steep fall, when DASC went form purchase (internal) value 1 USD to 0,2 USD.
Putting DASC on shit exchanges was a beginning of the end (exit strategy).
DASC lifetime cycle on the exchnage looks like this:
Mathias et al have unlimited coins to cash out. The affiliates might cash out to minimize loss but Mathias and DasCoin executives are cashing out unlimited play money.
Dascoin totally scam…a lots people stupid still want to invest in dascoin.. x.o
A bunch of fraudulent robbing people legally by showing them baseless brainless projects.
already lost 8k dollars in their spider trap. hope someone will put them into jail for wot they have done to the peoples money.
These guys are all well known within FXCM for scamming the people. I am totally surprised that anyone ever thought it was going to make money. It was a scam from start to finish, but the blind piled in!
I tracked Dascoin from the first day it traded from 1.0000 straght to 0.0000 then back to 0.3200. Next day it gapped up to 0.4000 then moved down to around 0.2700 from which a resistance level could be drawn, then it’s history.
Friends told me to buy at such bargain prices, so I asked about the management, so when I found Mathias had been involved in FXCM, which I have traded with before, but exited before the big slam in FXCM, I told all my friends to get out and stay out.
But, one friend put all he had in, so convinced was he that this was going to make his fortune! Sadly, he has found out the hard way.
Sometimes greed just takes over, a very human emotion and these scammers know it!
I tracked this scam until it’s end and all the tme I could see what was going on just from the charts. I wish I could post them here!
When the pump happened, my friend should have got out, but he was sold and thought this was the beginnng of the big push up, sadly it was the beginnng – of the end, just as I had told my friends, it’s just a matter of time!
There needs to be justice and the funds held by Poland need to go towards compensation for those who have lost.
Sorry folks, very sad that people like this can get away with it. Take notice, any company that keeps re branding provides signs that it’s a chameleon, especially so far as your money is concerned! BEWARE!
I lost my hardly earned money in cripto, mostly in Dascoin.
Now i become a beggar. they make there path to hell.
Altcoin traders I need clarity on Dascoin whether it is still existing or what. Right now we are having leaders of Dascoin in South Africa who presently could hardly answer our questions.
I need to cash out all my coins and I can’t be provided with a link for exchanging my coins to cash out money.
What kind of investment are you doing? Are you a SCAM?
If you read the article you’d know DasCoin collapsed.
Your Ponzi points are and always were worthless. Sorry for your loss.
Is there any chance of being paid out for work done at the request of Michael Matthias ?
No. Ponzi math is Ponzi math, doesn’t matter who you “did the work” for.
I invested a lot prior to Das going onto the public exchanges. Leaders advised downlines to sell all their Dascoins on the internal exchange and re-purchase licences that would reward us with additional Dascoins.
I am interested to know if these leaders had been told to do this by Mathias for reasons that would enrich themselves just prior to Das collapse on external exchanges?
Good evening my name is Carmelo Di Cali I am one of the members of gokumarket. I wanted to know if I have to register and insert the documents in Kyc.
Then I wanted information related to my exdascoin worth 19089 of which I had purchased the package through the Netleaders of 5000 euros.
Here I wanted to know to get clearer ideas where my money and exdascoins went, let me know. They always remain those or there is a variation. Let me understand.
Finally, let me see Greenpower’s share of value to get our profits later when you give me the go-ahead to give iban and the bank’s name.
I look forward to your reply with kind regards and thanks,
Mostra testo citato
Unfortunately you invested in a Ponzi scheme and now your money is gone. Sorry for your loss.
Your coins are perfectly safe in gokumarket, and when the time is right I’m sure you will take them out. All Beit the coin has lost serious value, however GRN price is soon to change.
I believe you are CERTAINLY on the wrong channel if you are looking to be educated with regards any cryptocurrency As all the above are basically fools to think that I for one would invest my hard earned Money without checking everything out. Your money is not gone and neither is MM.
WATCH THIS SPACE.
Why? Nobody cares or will ever care about Ponzi coins except those in the Ponzi scheme.
Correct. Ponzi schemes on the other hand…
Yet here we are with you having invested money into a collapsed Ponzi scheme. So really, who’s the fool?
I had invested One Lakh Rupees (₹90,000) in Dascoin through a mediator Mr Krishna Malvi from Nashik, Maharashtra, India. All my hard earned money lost due to scam management.
How long how long this man Mathias is duping the people like this?. Even Mr Krishna Malvi is nit answering properly.
Can a common man like me get his money back.
From Mumbai, Maharashtra, India.
Unfortunately no. You invested in a Ponzi scheme, there’s no money to get back.
Sorry for your loss.
I have invested my hard earned money into this. But these bastards are not working now they are just being nuts. God fry them in hell.