If you’re considering joining this prospect in crypto, go through this whole article to find out more about this scam.
Despite being a younger company, good History, and characters are connected in Dagcoin and Success Factory.
In the end, I’m confident you’ll reach the assumption that this business is different from the right fit appropriate for you.
Let’s get started! Shall we?
About Success Factory
In 2007 Success Factory was founded by Nils Grossberg (CEO) and Kris Ress (Chief Visionary Officer).
Companies that are associates that are part of Success Factory are skillex.com (Personal development platform), Dagcoin (Cryptocurrency), and DagPay (Digital payment platform). Success Factory is operated by the DAG corporation. Nils Grossberg is the originator of Dagcoin and its businesses.
Success Factory endorses Dagcoin and It is thought Success Factory is the marketing branch of Dagcoin.
The domain Dagcoin.org was first recorded in April 2017, and Success Factory is started in the latter part of 2018. It is an MLM company.
Similar web numbers show that the most significant portion of traffic coming to successfactory.com comes from Saudi Arabia (25.74%), Sweden (18.52%), Kazakhstan (14.78%), Russia (9.52%), and Estonia (4.38 percent).
The Estonian-born founder Nils Grossberg says he wants to transmute the world’s educational system; the same mission is the controlling principle of his association.
However, things aren’t as pretty or as sweet as they appear.
Nils Grossberg has been the most protruding exponent for OneCoin, one of the essential cryptocurrency Ponzi Scheme Frauds Moreover, DagCoin has already established warnings about the scam from a minority of countries.
The question is,
- Does Success-factory offer a real opportunity for direct sales?
- Do you think Dagcoin and Success Factory are other cryptocurrency MLM scams?
Before we get to the results of these questions, we will learn better the profitable strategy of Success-Factory.
Joining Success Factory
To be a fragment of Success Factory, you will be essential to sign-up at successfactory.com. If you’ve got an invitation code, you can go to the sign-up form; otherwise, you must apply for admittance.
Once you sign up, you will need to pay a simple cost of 25 euros per year to get hosting for your website sideways with billing and customer service, and after that, you will be able to mention new clients.
It is also essential to purchase products through Success-Factory.
Success Factory Products
Success Factory has three products on its site that are services available online.
- Forex Insiders
Success Factory privileges that Forex Insiders make forex trading simple and lucrative for beginners and experienced traders too. The members will have admittance to the most cutting-edge trading concepts.
The company further states it provides access to information analyzed by artificial intelligence and expert market experts.
This product is priced at 49.00 Euros per month.
It’s also noted that regularly, you’ll obtain only one suggestion per day, which has been selected by the algorithm and then checked by industry experts.
- Bank Connect and Beyond
This product can predict purchasing performance for less than 90 minutes.
To get an entry to Bank Connect, you have to pay 1.00 Euro per month. This gives users admittance to the Bank Pass that generates limitless leads and delivers free personality tests to your customers.
bank Beyond
To access Bank Beyond, you must wage 79.00 Euros per month.
It grants you admittance to BankPass, CodeBreaker AI, Google Chrome Ext, and Bank Vault.
- BANKPASS: Creates unlimited leads and delivers complete character tests to your customers.
- CODEBREAKER AI: employs advanced artificial intelligence to analyze emails, texts, and other information.
- Google Chrome Ext: Search for the profile of any person on LinkedIn and find out their character with just one click.
- Bank VAULT: Admittance of more than 50 hours of widespread Bank virtual training materials.
- The View
The View offers a computer-generated platform where you can perform everything real-world in the simulated monarchy.
What is DagCoin?
DagCoin is a cryptocurrency proposed to be used for purposes other than interchange. This is the way specified on the website Dagcoin.org.
You can put your money into purchasing this currency called DagCoin also known as DAG. The Dagcoin can be developed through SwipeX exchange, or you can buy the Gift Card straight on their site. SwipeX is a DagCoin Internal Exchange.
They had an additional exchange named “Paygety” however it only functioned for a couple of weeks. The business has been shut down due to “maintenance.”
The site presently doesn’t function.
If you visit the DagCoin website, they are only a contribution to the latest cryptocurrency.
What isn’t stated directly is that DagCoin is a multi-level marketing firm where the purchaser will be obliged to promote the “service” and ask other people to purchase the cryptocurrency.
At first peep, it gives the impression that this is an innovative and permissible method to position cash and use it to finance something maintainable.
When you begin to crack further, you apprehend that the founders and creators of DagCoin are thoroughly associated with OneCoin.
Who is the Founder of DagCoin?
The person who is behind DagCoin has been recognized as Nills Grossberg. The man is an Estonian businessman.
DagCoin is a cryptocurrency formed by a company called DagCoin OU (“osauhing,” a reference to an isolated limited company) that was well-known in 2017 through Nills Grossberg.
The company’s headquarters are in Tartu, the capital city of Estonia.
Nills is also the co-founder. He is also the originator of DAG Corporation Limited, recorded in Hong Kong.
He completed his studies at Tartu University with a Bachelor’s and master’s degree in History.
But other cryptocurrencies are undertaking Nills is connected.
In the past, he was involved with OneCoin, and to be more detailed, He had devoted himself to the Ponzi Scheme.
How Does Dagcoin Work?
Dagcoin receives a profit from the investment of its associates. It may not be a matter, but they are investing real money to get rewards in the form of cryptocurrency. It can be thought of as Bitcoin.
The problem is that this currency does not value anything. Since it’s not an openly traded currency, it is not a currency that has genuine value in the real world. The very slightest, Bitcoin is, in contrast, sold on the open market and is a real-world advantage since frequent formations and programs are tolerant of this cryptocurrency.
Visualize you’re handing over your cash to an association that isn’t able to buy provisions or pay for your bills. Dagcoin bids you nothing of worth at all.
The next stage is the multi-level marketing features of this business. This model of business is as humble as it can be. Earned money is received in two ways: the first is through the sale of the company’s goods, and the other is to transport new members to the system.
Everyone should know that this is a genuine method to exploit, and many businesses are using this business model. The only time it twitches to become unlawful is when the first element isn’t there, and that’s the products to be sold.
If a corporation makes it appear like they have products to sell but only have an employment system inside, they are a pyramid scheme masked as a multi-level marketing (MLM) business.
Does this mean that we’re at the center of the emergence of a pyramid scheme? Close. We have something comparable to a Ponzi Scam.
In spirit, it’s a venture scam that is aptitudes to deliver huge returns to investors and then tempts new investors to the system. These scams are known for their pyramid structure where it’s those at the top making money, whereas the vast mainstream of depositors on the bottom is left with none.
The significant matter with Ponzi-type or pyramid schemes is that they are always short-tempered time bombs. These schemes need to be more confident and have the volume to flop anytime.
How is that interpreted by you? This suggests that your whole investment is going to need to be included. Your revenues will be like the circumstance if they never occurred at all.
It’s not long before another Ponzi scheme is taken down and smeared from the surface of Earth. There’s no guarantee that Dagcoin will not be listed as one of the most wanted consultants.
Dagcoin Compensation Plan
The dagcoin compensation plan is an honestly standard one. The dagcoin compensation plan is a very typical digital currency MLM payment plan.
You invest money and obtain useless crypto back in the conversation for which you make money from the unusable cryptocurrency.
Additionally, you can be paid for enlisting and get a percentage of your commission each time one of your downline members devotes money.
Here’s a summary of the strategy:
Affiliate Rankings
At Dagcoin, you can attain diverse affiliate levels and move from one level to the next by making speculation through your downline.
These are the ranks you could reach:
- Affiliate
- Junior Manager
- Manager
- Senior Manager
- Junior Vice President
- Vice President Vice
- President
- The International Junior Vice President
- International Vice President
- Ambassador
- Crown Ambassador
The larger the number of assets from your downline, the better the rank you will be given.
You are also satisfied if you move from one rank to the next. For example, if you achieve the final rank, you will obtain the real estate market or $100K towards the real estate purchase.
The more complex you climb, the more you can earn rewards.
Weekly Reward (ROI on Investment)
When you finance your preliminary money into Dagcoin, you can only use your Dagcoin for a short time.
For the next eight months, you will obtain a 3% weekly reward in your Dagcoin.
When the eight months are accomplished, you receive 50 percent of the Dagcoin bank; the other 50 percent is held for eight months. It harvests returns.
All payments are made using (worthless) Dagcoin.
Personal Commissions
Personal commission refers to the amount you make from individuals you straight hire. You get a 10% commission on the investment made through your private employment.
Residual Commissions
Residual commissions are the quantity you make through your downline. It is as follows:
You make a precise percentage of the investment of people below you.
Matching Bonus
The term “matching bonus” denotes commissions you obtain from bonuses that your downline earns.
The amount you earn and to what degree depends upon how much you put into the business in the opening.
The more money you put into the beginning, the advanced the amount you earn, and the lower the ranking you make from.
You must participate at least $2500 to be qualified for a match bonus. The bonus is paid out in the form of a similar single-level compensation plan.
What I Do Not Like About Dagcoin
- Crypto Risks
The nature of crypto makes them problematic to trace, which is why criminals love them so much. If they cooperate and make socially-engineered cryptocurrency, coins can be stolen, and cybercrimes can be escaped rapidly. Cybercriminals have a reason to be more creative to lure the target into traps.
Are they genuinely unchallengeable? I’m still deciding. It’s only some time before someone from the crypto industry breaks the system and bargains the whole amount of money. Security holes and bugs are just a few of crypto technology’s most significant risks.
Dagcoin is not federal, so the risk in projects such as Forsage and Cash FX group is also currently in Dagcoin.
- Bad Crypto Wallets
There must be a residence to keep your Dagcoins. You can download it as an app and then supplement the coins. The risk of this is that if you did not take the time to look over it or if you don’t have an impression of which wallet is honest and which is fake when you have transported your money, it will be the last time you’ll be able to see the coins.
Also, remember that the forged wallets appear like the real ones.
- Scam Report
It’s not a good suggestion if a dependable website such as Forbes recommends that you be careful of this crypto, as it is tremendously susceptible to scammers who steal your cash.
Do you think Dagcoin is a scam?
I won’t lose sleep saying that it is.
Its owner is connected to an unverified cryptocurrency project and is being chased by the FBI and has an untrustworthy report of scams and makes statements without providing any indication. It does not have a monetary regulatory license for countries that they function in, and crypto, in general, is dangerous and has been linked to frequent cybercrimes.
You don’t want to be associated with something similar unconditionally!
Dagcoin Review Conclusion Thoughts
Honestly, I couldn’t see any actual value with Dagcoin. Dagcoin keeps influencing people to purchase cryptocurrency, promising top-of-the-line technology, services, and enormous international efforts.
At the point that the cryptocurrency’s value increases (if it ever occurs) just a handful of investors who know their way with crypto will be able to make money.
The truth is:
People who are in early and can sell out rapidly will be the solitary ones to earn money from this hypothetically.