You’re probably trying to figure out Is Dagcoin Success Factory A Scam?
Although Dagcoin and Success Factory are not new multi-level marketing companies, they both have an interesting background.
If you’re thinking of joining this platform, then you need to read this post to learn about its genuineness.
After reading this, I’m sure you will be convinced that this company isn’t what you need.
Is Dagcoin Success Factory A Scam – Quick Facts
Dagcoin – Success Factory Summary
- Company: Dagcoin & Success Factory
- Registration fee: $100 to $25,000
- Rating: 0/100
- Do I recommend? No!
- Summary: Dagcoin – Success Factory is a crypto investment scam where you invest real money to get Dagcoin.
The fact that you can only make money through recruitment clearly shows that this company is a pyramid/Ponzi scheme.
Moreover, some people promoting/running Dagcoin are seriously shady.
Many of them were part of an almost similar Ponzi scheme, known as Onecoin (more details about this company will be provided in this post), which defrauded people of billions of dollars.
Thousands of people will end up losing their money because this company will definitely collapse when recruiting of new members slows down or there are no new recruitments.
Dagcoin is a digital currency that also provides a multi-level marketing opportunity.
The company is located in Estonia and was founded in 2017 by Nils Grossberg.
Success Factory is both an MLM (Multi-Level Marketing) and an “education” company
Notwithstanding, this company is basically a front for people to make investments in Dagcoin.
How Is Money Made?
Onecoin, which was launched about five years ago, is basically not different from Dagcoin since it was also promoted by the owner of Dagcoin.
Onecoin was one of the most notorious crypto frauds in history.
It eventually ended up becoming a four-billion-dollar Ponzi scheme.
Currently, there is a 90-year jail sentence for the owners of this scheme.
Investigations have already begun in Thailand, Austria, Finland, Sweden, and other countries.
A total of 98 people have been arrested in connection with Onecoin, and many others are still at large.
Ruja Ignatova, who was one of the major promoters of Onecoin, has gone missing for almost 3 years!
Is Dagcoin Success Factory A Scam – Onecoin Was A Notorious MLM
I’m saying this because Dagcoin’s business model is similar to Onecoin.
With Onecoin you invested cash in a fake cryptocurrency and got commissions off the investments made by your recruits and downline.
Furthermore, like the education courses currently offered by Success Factory to make you invest in Dagcoin, Onecoin also sold education courses as a way to get people to invest in Onecoin.
Apart from the fact that the owner of Dagcoin was involved in Onecoin, Igor Alberts, who was a top promoter of Onecoin, is presently the top affiliate at Dagcoin.
People lost $4 billion to Onecoin! That’s right, 4 BILLION dollars!
In a month, Igor was earning $2 million from Onecoin and has earned more than $100,000,000 throughout his MLM career.
It’s still the same company. His apology can’t be really taken seriously when he is marketing a clone of Onecoin that is being operated by a Onecoin promoter.
According to estimates, he is also earning millions per month by promoting Dagcoin.
When you consider these facts, ask yourself: “Do I feel comfortable handing over my hard-earned money to a multi-level marketing business like Dagcoin?
DO I feel comfortable handing over my money to anyone associated with the Onecoin scheme?
As you can see, participating in any MLM comes at considerable financial risk and the same applies to Dagcoin.
When it comes to earning, supposedly, money can be made in two ways.
The first is to get returns by investing money into Dagcoin, while the second is by recruiting people to the scheme.
You are paid commissions off the investment of your downline as well as on the money invested by those you recruit to the company.
Is Dagcoin Success Factory A Scam – Does It Have Any Red Flags?
Unfortunately, the company has a lot of red flags.
The main red flag is that the company is a carbon copy of Onecoin, which is a very well-known scam.
In fact, Onecoin was promoted by the owner of Dagcoin and many other people who are presently involved in this particular scheme.
In addition, Dagcoin has no real-world value and can only be used internally. This literally makes it worthless.
You’re simply investing your hard-earned money into something that is not real.
Besides, this is clearly a Ponzi scheme that will certainly collapse and make many people lose their money.
I will shed more light on these points later in the post.
Are there other companies like Dagcoin?
Sadly, there are hundreds of crypto MLM scams all over the Internet, and some of them include:
Dagcoin Is A Pyramid/Ponzi Scheme
Aside from investment in Dagcoin, the company doesn’t really offer anything tangible.
This implies that this company is not just a pyramid scheme but is also a Ponzi scheme.
An investment is a pyramid scheme if money can only be made through recruitment, just like the case of Dagcoin.
At Dagcoin, money is not earned by selling a product but only by introducing new people to the scheme.
You also make money each time the people you recruit bring others to the company or any time a recruit in your recruits’ downline introduces a new person to the company.
Without recruiting, it’s impossible to make money here.
The services of Success Factory are completely structured toward getting people to invest in Dagcoin.
The fact that new investment is the only source of revenue also makes this company a Ponzi scheme.
When a new person is recruited into the scheme, the money invested by that person is used to pay those who want to withdraw their money.
There is a problem here because recruitment can’t continue forever, which means that there won’t be enough funds for payouts once recruitment slows down.
The business is abandoned when this happens, which ultimately leads to a collapse.
Is Dagcoin Success Factory A Scam – Dagcoin Is A Onecoin Clone
Onecoin, which was launched about five years ago, is basically not different from Dagcoin, since it was also promoted by the owner of Dagcoin.
Onecoin is one of the most notorious crypto frauds in history, and it eventually ended up becoming a four-billion-dollar Ponzi scheme.
Currently, there is a 90-year jail sentence for the owners of this scheme, and investigations have already begun in Thailand, Austria, Finland, Sweden, and other countries.
A total of 98 people have been arrested in connection with Onecoin, and many others are still at large.
As you can see, the unpleasant consequences of joining and supporting these scam organizations can last for years.
Ruja Ignatova, who was one of the major promoters of Onecoin, has gone missing for almost 3 years!
I’m saying this because Onecoin was exactly like Dagcoin.
You invested cash in a fake cryptocurrency and got commissions off the investments made by your recruits and downline.
Success Factory Courses Are Designed to Get You to Invest In Dagcoin
Furthermore, like the education courses currently offered by Success Factory to make you invest in Dagcoin.
Onecoin also sold education courses as a way to get people to invest in Onecoin.
Apart from the fact that the owner of Dagcoin was involved in Onecoin, Igor Alberts, who was a top promoter of Onecoin, is presently the top affiliate at Dagcoin.
People lost $4 billion to Onecoin! That’s right, 4 BILLION dollars!
In a month, Igor was earning $2 million from Onecoin and has earned more than $100,000,000 throughout his MLM career.
It’s still the same company.
His apology can’t be really taken seriously when he is marketing a clone of Onecoin that is being operated by a Onecoin promoter.
According to estimates, he is also earning millions per month by promoting Dagcoin.
Only a fool would trust Dagcoin and anything that Igor Alberts says about it.
As you can see, participating in any MLM isn’t worth it, and the same applies to Dagcoin.
Be Very Careful About Dagcoin – Success Factory
There are a lot of things I don’t like here.
My major dislike for the company is that it has too many connections to Onecoin.
Onecoin was among the most notorious Ponzi schemes in the last two decades, and it was estimated that people lost about 4 billion dollars to this scheme.
Dagcoin’s company is more or less a replica of Onecoin.
Both are crypto opportunities that allow you to invest money in exchange for worthless crypto.
Get Free From Multi-Level Ponzi And Pyramid Schemes
What I strongly suggest is that you stop relying on the pyramid schemes of unknown scammers and build your own online business.
The moment you come to understand that you’re going to have to participate in your own financial rescue, the sooner you can start making real progress toward financial freedom.
The days are gone when you can just throw money at a business and see what sticks!
Ponzi schemes like Dagcoin -Success Factory will never work – they’re designed to make the owner of the Ponzi scheme a ton of money and then it’s dissolved.
What happens is when the owner of a dissolved Ponzi scheme is done, they go and start another dishonest Ponzi scheme.
This happens over and over and over again.
These sick individuals keep doing this because they know there are more than enough gullible people they can always take advantage of.
What You Need To Do Now
For years I have seen people get involved in these multi-level marketing cryptocurrency platforms only to lose all of their money in the end.
The people who run these platforms are well aware of human psychology.
They know what emotional buttons to push to make you part with your hard earned money.
The plain truth is YOU must participate in your own financial rescue by building your own online presence.
This is done with YOUR OWN website or blog, not some replicated webpage from a MLM platform.
Google HATES replicated websites – they rank very poorly if at all because you cannot create original content on it.
You MUST build an online presence by leveraging the power of the internet.
My #1 recommendation is the best possible way I know of doing this.
Especially if you have no prior experience in internet marketing.
If you follow directions, you will position yourself to actually learn how to make money online – the correct way.
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Wow, it has been a long time since I’ve seen a company score 0 points on a scale of 100! Thank you for the dire warning to stay away from Dagcoin Success at all costs. Speaking of costs, the $25,000 price tag is one of the steeper ones out there. I appreciate that you pointed out that a founder has been part of similar shady businesses in the past. I’ll definitely avoid this one!!
Hello Aly,
Thank you for your great comments.
I appreciate your taking the time to read my post.
I wish you much success in your online business.
Talk Soon,
Howard
Thanks for sharing this review on Dagcoin.
I totally agree with you when you say, anyone who joins dagcoin is really a fool.
You did a very good job to demonstrate how dagcoin is simply a clone of onecoin.
I heard of onecoin before, apparently, it was one of the biggest scams in history, where people lost around 4billion USD as you also outlined.
Thanks for the warnings in this review, it will surely save many people from investing in coinone again but in the form of dagcoin!
Well said, Nedia!
Scammers are like cockroaches; they just seem to continue to multiply.
These jackasses can’t steal your money if you know what to look for!
ALWAYS do your due-dilligence (research!) before investing your hard-earned money.
I wish you much success in your online business.
Talk Soon,
Howard