Dascoin – Anatomy of multilevel marketing Crypto Scam – Coinmarketcap Zero

Excelz (neither Netleaders or Coinleaders) gave birth to their little MLM scam called Dascoin in 2016. John Pretto, former president of Net Leaders, was a former One Ponin affiliate scheme investor. This was the CEO of DasCoin, Michal Mathias.

Users have invested in the so-called DasCoin points that were basically a pump-and-drain scheme that allows affiliates to invest up to € 25,000 in DasCoin and have been designed, like Onecoin, to get the owners to get rich quick.

DasCoin, who calls himself a currency of trust, is simply a clone of OneCoin. Anyone who invests in DasCoin does so through Excelz (changing the third name), where he uses real money (from € 100 to € 25,000) to pay the license. The greater your investment, the more cycles you receive, the greater the amount of DasCoin you can receive using those cycles.

Your license allows you to access the DasNet platform, where you will start to bring more members and sell more licenses to earn more Dascoin.

Here's how it works.

DasCoin are not publicly tradable items, presumably plotted through a non-public blockchain as of March 2017. As ever the company has tracked the investment of DasCoin points before March has never been publicly disclosed.

The only holders of DasCoin are affiliated Net Leaders and the internal value of DasCoin set by DasCoin itself. In addition to being paid to recruit new Net Leaders investors, affiliates withdraw an ROI by investing, waiting for DasCoin to increase the internal value of the DasCoin points and then cash in through the internal exchange.

On the back-end, the only source of revenue that joins NetLeaders and DasCoin are the recently invested affiliate funds. The use of which pay Net Leaders affiliated to an ROI when collecting their points DasCoin makes the whole operation a Ponzi scheme.

It is also a 1: 1 copy of the OneCoin Ponzi scheme, which paved the way for the combination of Ponzi points with cryptocurrency in 2014. That Net Leaders and DasCoins are modeled on OneCoin is no coincidence. John Pretto, President of Net Leaders, is a former OneCoin investor. This is the CEO of DasCoin, Michal Mathias.

Presumably through a source that required anonymity, Dascoin has raised over $ 400 million, which is firmly in the pocket of CEO Michal Mathias, who has been at crazy expense, renting megayachts and spending millions to keep pushing Dascoin into Asia – usually to poorer people who think that it will become rich quickly.

Mathias claims it has nothing to do with the infamous Ponzi Scheme OneCoin – which has over two dozen government warnings on several national bans, over 70 arrests in at least six countries on three continents and € 2.6 million in fines. Yet the CEO of Dascoin has hosted their failed launch in the United States.

OneCoin's public frontman, Sebastian Greenwood, was recently arrested and extradited to the United States. He was jailed by Thailand's Crime Suppression Division (CSD) in Thailand with the help of the US Federal Bureau of Investigation (FBI). Presumably, Greenwood was able to steal tens of millions of dollars from affiliates.

According to MLM Watchdog, BehindMLM:

DasCoin are not publicly tradable items, presumably plotted through a non-public blockchain as of March 2017. As ever the company has tracked the investment of DasCoin points before March has never been publicly disclosed.

The only holders of DasCoin are affiliated Net Leaders and the internal value of DasCoin set by DasCoin itself.

In addition to being paid to recruit new Net Leaders investors, affiliates withdraw an ROI by investing, waiting for DasCoin to increase the internal value of the DasCoin points and then cash in through the internal exchange.
On the back-end, the only source of revenue that joins NetLeaders and DasCoin are the recently invested affiliate funds.

The use of which pay Net Leaders affiliated to an ROI when collecting their points DasCoin makes the whole operation a Ponzi scheme.

It is also a 1: 1 copy of the OneCoin Ponzi scheme, which paved the way for the combination of Ponzi points with cryptocurrency in 2014.

More from Malta today.

"Jonathan Galea, president of BitMalta, has confirmed in Malta Today that" Michael Mathias is an affiliate of OneCoin, one of the largest crypto-ponzi schemes ".

"He said that the DAScoin project was led by NetLeaders (formerly known as Coin Leaders), and that the president of NetLeaders was John Pretto, one of the most active promoters of the OneCoin Ponzi scheme."

"In addition, the CEO of DAScoin is Michael Mathias, a well-known OneCoin affiliate, although we do not know if he is still involved in OneCoin or not," Galea said in a statement. "So, two notorious OneCoin supporters are behind the DAScoin setup, which should already serve as sufficient red flags to send a bull into full frenzy."

"Although MLM by itself is not necessarily illicit, it is often used for fraudulent purposes, as in the case of DAScoin," he said. "NetLeaders / Coin Leaders has developed an apparently interesting investment scheme for which the more one invests in DAScoin, plus one receives the corresponding tokens, in a non-linear way (another" red flag ")." In fact, the original investors get a strong bonus once a certain number of referrals have accumulated in order to encourage other people to participate in the scheme.

"What distinguishes this project as a scam is that the value of DAScoin is assigned centrally by the people behind DAScoin, which means that the value of DAScoin is not tied to anything more than the investment rate of NetLeaders affiliates," added Galea. .

They went even further and threatened Galea for a piece that he wrote in Maltese Today, revealing that Dascoin was a scam.

DasCoin (DASC) reaches the market capitalization of $ 0.00 according to Fairfieldcurrent.com:

DasCoin (CURRENCY: DASC) recorded an increase of 6.6% compared to the US dollar during the one day period ending at 3:00 am. E. T. December 2nd. In the last seven days, DasCoin sold 1.7% against the US dollar. A DasCoin currency can currently be purchased for around $ 0.0190 or 0.00000577 BTC on the major cryptocurrency platforms, including CoinFalcon, BTC-Alpha and IDAX. DasCoin has a market capitalization of $ 0.00 and $ 48.77.00 of DasCoin has been traded on the stock exchange on the last day.

The list of Dascoin on CoinMarketCap has yet to be removed.

And it's still traded on CoinFalcon, BTC-Alpha, CoinBene and IDAX which is ridiculous.

And the Polish authorities are on the case:

"Since DasCoin and Net Leaders are under criminal investigation in Poland, in fact, it was possible to seize $ 11.6 million dollars that were tied to DasCoin's investment using Net Leaders."

"The Warsaw District Attorney, on September 21, 2018, investigated under the reference number PO III DS 176.2018 regarding entry from September 2016. In the whole country, a number of people are disadvantaged by the sale of goods through sales through a website (netleaders) License for the purchase of numerous products and services offered by the DasEcosystem system, including the extraction of cryptocurrency called DasCoin. "

More information on the Polish criminal case against Dascoin here and here.

And it is not only the Poles who investigate: DasCoin has recently been ordered to cease and desist from the Canadian regulators for securities fraud.

The North American Securities Administrators Association recently announced the pending results of a massive attack against cryptocurrency scams known as "Operation Cryptosweep". Although many investigations are still underway, at least one major regulatory action has been imposed against a significant player in the multilevel marketing game that has dominated the most serier aspects of the cryptocurrency and ICO sectors.

British Columbia Securities officials recently issued a termination and discharge warning to DasCoin, a new cryptocurrency that has just won a list on the major CoinMarketCap cryptocurrency exchange. No official response has been issued by the company, and the operational strategy so far seems to be to ignore legal mistakes and work to increase their current market moves.

Dascoin is, without a doubt a scam, keep clear. According to one source, Mathias fires people left and right, and the team has been reduced to a handful. These thieves are imprisoned, not free, and live out of utopian schemes of quick enrichment designed to snatch those who are interested in cryptocurrency, but gullible and ignorant … and usually not very wealthy from a financial point of view. Using the economies of scale and MLM practices, the Dascoin scammers managed to put, presumably, almost half a billion dollars into their coffers. And the fact, despite the clear evidence of being investigated by a number of authorities, of having seized money and a clear demonstration of being a Ponzi Scheme, is still listed in a series of lazy exchanges and Coinmarketcap that gives them credibility that they do not deserve .