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Author Topic: DASCOIN, another outbreak of the Onecoin strain of MLM Virus.  (Read 17896 times)
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MLM: Many Layers of Misery


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October 05, 2016, 09:35:17 AM
 #1


That's virus as in contagious and dangerous scamming methods, not as in malware on your hard disk.

The Onecoin model of bullshit "cryptocurrency" married to a hard sell MLM pyramid is attracting several copycats, Leocoin, Capricoin, Swisscoin and Swiscoin amongst many others.
These have notional products, for example "Education Packages" which are neccessary purchases to become involved in the MLM pyramid, and receive commissions based on the number of people you recruit into the scheme after you.
This type of marketing has been around for years, but the crypto angle which is now being exploited involves a centrally administered "coin" being produced by the scammers and hyped to be "The Bitcoin Killer" or other such nonsense. These coins invariably can only be traded in a scheme back office, or on a rigidly controlled basis (usually huge pre-mine) on shit exchanges.
Gullible real "investors" soon realise they are locked into the scheme and all they have bought is promises of Da Moon from chronic MLM promoters like J Ryan Conley and the Onecoin Mafia.

The latest in this shower of shit is DAScoin, operated by Coinleaders, a Singapore/Dubai/Hong Kong based collection of MLM veterans.
My good friend Oz at BehindMLM.com has posted an accurate review of this scheme, of which I quote an edited version below

The Coin Leaders website states that the company is operated by CL Singapore Pte. Ltd., which is based in Singapore.
CL Singapore is wholly owned by Coin Leadership Limited, based in Dubai.

John Pretto (nice teeth) is identified as Chairman of Coin Leaders.




Quote from: coinleaders
John Pretto is an accomplished, innovative and entrepreneurial technologist with over 20 years of senior management experience in information technology, marketing and operations.

Past positions include serving as Chief Technology Officer for R66T (enterprise Wi-Fi), Chief Operating Officer for ComF5 (formerly DigitalFX – digital media marketing platform), CTO and Co-founder of HelloNetwork (streaming media technology), and VP of Technology for SmartConnect (video surveillance for gaming).

On the MLM side of things John Pretto was actively promoting the OneCoin Ponzi scheme last year. Before OneCoin Pretto was promoting Nuverus (nutrition). Pretto appears to have gotten involved in OneCoin in early to mid 2015.

Coin Leaders has no retailable products or services, with affiliates only able to market Coin Leaders affiliate membership itself.
Coin Leaders affiliates invest up to €25,000 in DasCoin, a “hybrid cryptocurrency” run by Hong Kong based DasCoin Limited, in exchange for their investment, Coin Leaders affiliates receive a “software license”.

Quote from: scammers
These software licenses makes it easy for anyone to receive cryptocurrency – directly from the source.
There’s no need to buy coins on a currency exchange, or get involved with the complexities and hassles of a cryptocurrency “mining” process.
Instead, CoinLeader software enables you to help build the distributed network (on which DasCoin operates) and receive DasCoins in return.

Everything is done for you!

The more funds invested into software licenses, the higher the assigned value to DasCoin.
Through their software "license", Coin Leaders affiliates receive DasCoins via “cycles”.

Quote
As an incentive for providing Cycles to the network, each licensee is rewarded with an amount of DasCoin calibrated to the level of the licensee’s contribution.

In a nutshell, the more a Coin Leaders affiliate invests the more DasCoin they receive.

Standard – invest €100 EUR and receive 1265 cycles and 1 upgrade
Manager – invest €500 EUR and receive 6325 cycles and 1 upgrade
Pro – invest €2000 EUR and receive 27,600 cycles and 1 upgrade
Executive – invest €5000 EUR and receive 74,750 cycles and 2 upgrades
President – invest €25,000 EUR and receive 373,750 cycles and 3 upgrades
An upgrade is triggered when the rate of cycles converted into DasCoins drops below 50% efficiency (from a starting point of 100 efficiency).

When an upgrade is triggered Coin Leaders affiliate cycles that have not yet been converted into DasCoins are doubled.
Coin Leaders affiliate membership is tied to an initial investment of between €100 and €25,000 EUR.

Coin Leaders is pretty much John Pretto’s attempt at the OneCoin Ponzi business model.

Affiliates invest in “cycles” (OneCoin tokens), which are converted into DasCoin (OneCoins), which are assigned an arbitrary value by DasCoin, a centralized authority.

DasCoin itself is not publicly tradeable and can only be acquired through Coin Leaders investment.
The Coin Leaders website identifies the CEO of DasCoin Limited as Michael Mathias, surprise surprise, Mathias is/was also a OneCoin affiliate.

Coin Leaders and DasCoin present the usual comparisons to legitimate cryptocurrencies and crap about external use of the coin through a merchant network.
The reality however is that Coin Leaders and DasCoin offer up nothing more than a Ponzi pyramid hybrid.

SOP means that purchase at the most expensive entry point is heavily encouraged by impossible maths

Quote from: bullsit and nonsense
Our premiere license … provides an unparalleled combination of benefits and yields rewards that are a 10x magnitude greater than even the Executive License!

The Ponzi element of Coin Leaders is the investment of funds which are converted into DasCoins. The value of DasCoin is assigned by DasCoin Limited, the company running the point-generation script that spits out DasCoins.
The value of DasCoins is pegged to nothing more than the rate of investment from Coin Leaders affiliates.
Affiliates cash DasCoins through Coin Leaders, who use newly invested funds to pay off existing investors.
Albeit convoluted in an attempt to pose as a legitimate cryptocurrency, this is nonetheless the definition of a Ponzi scheme.

Coin Leaders’ pyramid layer is found in its referral commissions, wherein affiliates are paid to recruit new affiliate investors.
Referral commissions are paid out of funds invested by newly recruited affiliates.

As with all Ponzi schemes, once recruitment of new affiliate investors dries up Coin Leaders will collapse.



Why should I waste time and effort writing about this crap, it's not "real" crypto? I hear you ask.
Very true, but that's why I think it's important to distance genuine efforts at an alternative financial system based on cryptocurrency, from the Old World MLM scammers using this "New Opportunity" to rip people off.
Also some say, "You're giving them publicity."
Possibly true, but hits for these scam analyses on BCT usually hit page one on Google searches....

Also importantly in my view, shit sticks.
Every time someone gets ripped off by something thought to be in the cryptosphere, some know nothing regulator or authority will get it into their head that "These things must be controlled/outlawed" and they start with the most visible, Bitcoin.


Extraordinary Claims require Extraordinary Evidence
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MLM: Many Layers of Misery


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November 21, 2016, 02:52:45 PM
 #2

New Coin : DasCoin, Opening ceremony January 2017

If you make it now, you are Upline first group of the world.

More information, please see follow link.

http://dascoins-coinleaders.blogspot.com/2016/11/about-dascoin-coin-dascoin-opening.html

#DasCoin

Hey asshole, you forgot to include

Quote
System same Onecoin. 

in this spam.

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November 22, 2016, 03:48:57 AM
 #3

Just like OneCoin, DasCoin is also heavily advertised online and there are many who are promoting this on Facebook. One man told to be wary of any so-called cryptocurrency that is marketed via the popular network marketing. Not that am personally against MLM as it can also be a good business model but because many of these promoted that way will not be seeing the light at the end of the tunnel. But then again, as they say, to each his own. We can only warned but the final decision has to be made by the one holding the purse...
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December 20, 2016, 03:48:47 PM
 #4

You have key people from Onecoin - Traffic Monsoon - Bitclub Network - Futurenet - Banners Broker - My Advertising Pays

Paul McCarthy and Ryan Conley - www.youtube.com/watch?v=HJPdHOCrthA&t=79s

Both have long histories in scams. Paul held the position of Ireland manager for Banners Broker and he continued to hold that role many months after the payments dried up. Futurenet is another one he headed up in 2016 whilst being the main guy in Ireland for Bitclub Network. Ryan has a colorful history behindmlm.com/companies/onecoin/onecoin-steals-thousands-of-dollars-from-another-affiliate/

Adrian Hibbert holding a youtube hangout with the owners - www.youtube.com/watch?v=hFD4jZIMKHY&t=545s

Another one with a colorful history of scams. A Key player in Traffic Monsoon which is currently having a great time in the U.S.A court system and will likely go the way of Zeek. Adrian started with $1,000 and withdrew $100,000. He won't be a happy guy when the receiver comes knocking. He is also a Bitclub Network player.

www.youtube.com/watch?v=qow6xztjqIc
www.youtube.com/watch?v=yeRu2nAGLRY


Mateusz Gużda - www.youtube.com/watch?v=SkeJCKVgYDU&t=136s

Mateusz like Paul, held the position of Poland manager for Banners Broker and remained with them after payments dried up. He jumped to multiple others including Futurenet and Bitclub Network.

www.youtube.com/watch?v=Xhlni9vDmro
twitter.com/mateuszguzda

Fraser Douther - www.youtube.com/watch?v=YLFGmB6U9IQ

These people are not naive they know what they are doing when they promote these scams, case and point. In Fraser's Dascoin hangout you can see a man with white walls a headset and a black shirt on. This is the very same man providing Banners Broker with a testimonial in October 2013. Payments dried up in March 2013.

www.youtube.com/watch?v=Wn9gKGIFY4o

Fraser is another Banners Broker manager, this time in Cyprus. Just like the other managers he also remained with them many months after payments dried up and even took up a managers role in Revstar Global one of the Banners Broker owners new project. A promoter of Futurenet.

www.mymarketingcorner.com/revstar-global-scam-review/
www.youtube.com/watch?v=bBnH1Q5OpF0
taratalkstoday.blogspot.co.uk/p/futenet.html

You're looking at the next Onecoin.
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Blockchain with solar energy


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March 17, 2017, 02:24:52 PM
 #5

My friend ask me about dascoin few days ago, and i said that this project look suspicious to me (too good to be true)
After reading all this informations I'm 100% sure that it is a scam!

Thank you guys for this thread!

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March 18, 2017, 12:13:15 AM
 #6

You have key people from Onecoin - Traffic Monsoon - Bitclub Network - Futurenet - Banners Broker - My Advertising Pays

Paul McCarthy and Ryan Conley - www.youtube.com/watch?v=HJPdHOCrthA&t=79s

Both have long histories in scams. Paul held the position of Ireland manager for Banners Broker and he continued to hold that role many months after the payments dried up. Futurenet is another one he headed up in 2016 whilst being the main guy in Ireland for Bitclub Network. Ryan has a colorful history behindmlm.com/companies/onecoin/onecoin-steals-thousands-of-dollars-from-another-affiliate/

Adrian Hibbert holding a youtube hangout with the owners - www.youtube.com/watch?v=hFD4jZIMKHY&t=545s

Another one with a colorful history of scams. A Key player in Traffic Monsoon which is currently having a great time in the U.S.A court system and will likely go the way of Zeek. Adrian started with $1,000 and withdrew $100,000. He won't be a happy guy when the receiver comes knocking. He is also a Bitclub Network player.

www.youtube.com/watch?v=qow6xztjqIc
www.youtube.com/watch?v=yeRu2nAGLRY


Mateusz Gużda - www.youtube.com/watch?v=SkeJCKVgYDU&t=136s

Mateusz like Paul, held the position of Poland manager for Banners Broker and remained with them after payments dried up. He jumped to multiple others including Futurenet and Bitclub Network.

www.youtube.com/watch?v=Xhlni9vDmro
twitter.com/mateuszguzda

Fraser Douther - www.youtube.com/watch?v=YLFGmB6U9IQ

These people are not naive they know what they are doing when they promote these scams, case and point. In Fraser's Dascoin hangout you can see a man with white walls a headset and a black shirt on. This is the very same man providing Banners Broker with a testimonial in October 2013. Payments dried up in March 2013.

www.youtube.com/watch?v=Wn9gKGIFY4o

Fraser is another Banners Broker manager, this time in Cyprus. Just like the other managers he also remained with them many months after payments dried up and even took up a managers role in Revstar Global one of the Banners Broker owners new project. A promoter of Futurenet.

www.mymarketingcorner.com/revstar-global-scam-review/
www.youtube.com/watch?v=bBnH1Q5OpF0
taratalkstoday.blogspot.co.uk/p/futenet.html

You're looking at the next Onecoin.

Mypayingads or MPA seems to be a more trusted sites than all the other listed here,I do not have a stake or investment on Mypayingads but all my friends that invested in Mypayingads are getting their money's worth,because it is being managed by a good and trustworthy admin in Uday Nara,although we cannot tell if how long will this program go on.

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tmfp
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MLM: Many Layers of Misery


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March 18, 2017, 05:54:04 PM
 #7

Mypayingads or MPA seems to be a more trusted sites than all the other listed here,I do not have a stake or investment on Mypayingads but all my friends that invested in Mypayingads are getting their money's worth,because it is being managed by a good and trustworthy admin in Uday Nara,although we cannot tell if how long will this program go on.

MyPayingAds is a crock of low grade Ad pack Ponzi shit.
The fact that "all your friends" are getting paid won't change that fact.

Extraordinary Claims require Extraordinary Evidence
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