Is Dagcoin Success Factory A Scam – What You Need To Know

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 considering joining this platform, 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 shows that this company is a pyramid/Ponzi scheme. Moreover, some people who promote/run Dagcoin are seriously shady. Many 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 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 an MLM (Multi-Level Marketing) and an “education” company. Notwithstanding, this company is a front for people to make investments in Dagcoin.

How Is Money Made?

Onecoin, 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, the owners of this scheme are sentenced to 90 years in jail.

Investigations have already begun in Thailand, Austria, Finland, Sweden, and other countries. 98 people have been arrested in connection with Onecoin, and many others are still at large. Ruja Ignatova, one of the major promoters of Onecoin, has gone missing for almost three years!

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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 invest cash in a fake cryptocurrency and get 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 to get people to invest in Onecoin.

Apart from the fact that the owner of Dagcoin was involved in Onecoin, Igor Alberts, 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 taken seriously when he is marketing a clone of Onecoin that is being operated by a Onecoin promoter.

According to estimates, he also earns 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 money, supposedly, it can be made in two ways. The first is to get returns by investing cash into Dagcoin, while the second is by recruiting people to the scheme. You are paid commissions off the investment of your downline and 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 many red flags. The main red flag is that it is a carbon copy of Onecoin, a very well-known scam. Onecoin was promoted by the owner of Dagcoin and many other people presently involved in this scheme.

In addition, Dagcoin has no real-world value and can only be used internally. This makes it worthless. You’re simply investing your hard-earned money into something that is not real. Besides, this is a Ponzi scheme that will certainly collapse and make many people lose money. Are there other companies like Dagcoin? Sadly, there are hundreds of crypto MLM scams all over the Internet, and some of them include:

• Gominer
• Control Traders
• Mirror Trading International

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Dagcoin Is A Pyramid/Ponzi Scheme

Aside from investing in Dagcoin, the company doesn’t offer anything tangible. This implies that this company is not just a pyramid scheme but also a Ponzi scheme. An investment is a pyramid scheme if money can only be made through recruitment, just like in 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. Without recruiting, it’s impossible to make money here. The services of Success Factory are completely structured to get 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 once recruitment slows down, there won’t be enough funds for payouts. The business is abandoned when this happens, leading to a collapse.

Is Dagcoin Success Factory A Scam – Dagcoin Is A Onecoin Clone

Onecoin, launched about five years ago, is 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, eventually becoming a four-billion-dollar Ponzi scheme. 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.

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, 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 from your recruits and downline investments.

Success Factory Courses Are Designed to Get You to Invest In Dagcoin

Furthermore, like the education courses that Success Factory offers to make you invest in Dagcoin. Onecoin also sold education courses to get people to invest in Onecoin. Apart from the fact that the owner of Dagcoin was involved in Onecoin, Igor Alberts, 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 taken seriously when he is marketing a clone of Onecoin that is being operated by an Onecoin promoter. According to estimates, he also earns millions per month by promoting Dagcoin. Only a fool would trust Dagcoin and anything Igor Alberts says about it. As you can see, participating in any MLM isn’t worth it, and the same applies to Dagcoin.

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Be Very Careful About Dagcoin – Success Factory

There are many 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 crypto opportunities allow you to invest money in exchange for worthless crypto.

Warning: The RED Flags of Schemes and Scams Online

It would be best to watch out for these things with multi-level marketing companies, as they are red flags you should not ignore. Taking note of these eight signs can save you considerable time and money.

1. The Company does NOT offer a FREE Trial

This is a big one to look out for. Most information products are worthless, and if you could jump directly into those products and “try them out” before investing in them, you would never invest in low-quality substances. That is why they hide behind a payment. If their information is so good, should they not prove it by giving you a taste?

2. Companies That Don’t Clearly Outline Pricing

If you go to a sales page for a product and they don’t disclose the price clearly, you will likely get “duped.”  Any legitimate company will offer clarity on pricing and have a pricing page on their website.  MANY companies in this industry HIDE their pricing; it is unethical, and it will almost certainly scam you. Also, if the company charges hundreds or even thousands of dollars for their products or for joining their business “opportunity,” it should be of concern.

3. MLM Companies That Use Video Sales Pages / Squeeze Pages

If you visit a “sales page” and the only thing you see on it are exaggerated claims of quick money, this will almost certainly be an expensive, overpriced scam.  This marketing tactic is used to HIDE pricing and hide the product itself.  They typically ask for your email or a small payment, and then you will be put through an extensive and expensive sales funnel.

4. Companies That Don’t Have a High TrustPilot Rating

Dagcoin Success Factory has a Trustpilot rating of 3.7 which is average. A company with an “average” Trustpilot rating is not a company I would want to invest my money in. Trustpilot is where you should get genuine consumer reviews about products/services you plan on buying.  If a company doesn’t exist on this website or has a rating lower than 4.5 out of 5 stars, you may not want to get involved with the company at all. Consider companies, businesses, and platforms with GREAT Trustpilot ratings and minimize the prospect of getting scammed and losing hundreds, if not thousands, of dollars. 

5. Multi-Level Marketing Companies That Sell “Riches” Without Telling You the Process

If you are being pushed by the idea that you are going to be “rich” or that you’ll be able to “make money in a short period ” without telling you what you will be doing to earn this money (in a specific way), then they are selling the “sizzle”…and chances are there is no “steak” after you make your purchase. Avoid programs these types of programs like the plague.

6. Companies Without an Easy Way to Contact Them

If you don’t have a direct way to contact the company to answer questions about their program, they are hiding behind something. That is the first clue, and I recommend you test it. If the company has an email address, email it. If you don’t get a response within 48 hours at most, then that is probably the sort of help you can expect in the future.

7. Companies That Don’t Offer Direct Access/Communication with the Owners

Who owns the product?  Can you get help and/or communicate with them directly?  If NOT, then this program is more than likely in the business of taking your money.  CEOs in the opportunity world who are unwilling to directly communicate with their customers have a “too good for you” mentality, which should be avoided.

8. Companies That Are “Information” Only

If they are providing you with “ideas” about how you could create a business without offering you all the tools, services, and levels of ongoing support that you need to succeed online, you will have a tough time succeeding. Many companies charge you for their information and then tell you you need to purchase all sorts of stuff to use the techniques taught.

When you look at the evidence, multi-level marketing platforms like the Success Factory are not business opportunities you want to get involved with! My rating of this so-called “make money online opportunity” is 0 out of 8!

However, there is a better way to build a sustainable, profitable online business. There is a platform used by thousands of successful online marketers who have learned how to turn their yearly income into their monthly income! Introducing Wealthy Affiliate, The Industry Leader in the Online Business Space…

1. Wealthy Affiliate (or WA for short) Offers a Free Trial
2. WA Offers Clear Pricing
3. WA Offers a comprehensive website
4. WA has a High TrustPilot Rating
5. WA is not a get-rich-quick scheme 
6. WA offers a clear way to contact the company  
7. You can contact Kyle & Carson directly 
8. WA offers tools and support

(1) Companies That Don’t Offer a Free Trial.  

This is one of the key reasons I want to introduce you to Wealthy Affiliate. You can get a “test drive” to Wealthy Affiliate, but that doesn’t end, and there is NO credit card requirement. This is their Starter membership, including more than any paid product I have seen in this industry. Here are a few things you get with the COMPLETELY FREE Starter membership.

• One Free Profit-Ready Website (Hosting Included)
• Getting Started Training, 10 Full Video Lessons
• 7 Days of Full Mentorship & Expert Help
• Communication Directly with Kyle & Carson (the founders)
• Keyword and Market Research Tools
• The Affiliate Opportunity Platform
• Ability to Network with Millions of Fellow Entrepreneurs
• 100’s of training resources
• And Much More!

(2) Companies That Dont’ Clearly Outline Pricing.   

Wealthy Affiliate’s pricing page clearly outlines three available memberships: a Starter membership (FREE), a Premium ($49/month), or a Premium Plus+ ($99/month). There are no upsells, and nothing more complex than this. You are not obligated to upgrade, but if you decide to, you can run a million-dollar online business utilizing the platform and tools that Wealthy Affiliate offers. 

(3) Companies That Use Video Sales Pages / Squeeze Pages.  

Wealthy Affiliate offers a comprehensive website where you can learn more about the exact process of building an online business and all of the platforms, technology, and services involved that are offered to you as a member. This includes a thorough outline of WA’s education, hosting, website, domains, community, and success elements.

(4) Companies That Don’t Have a High TrustPilot Rating.  

 WealthyAffiliate.com has a 4.8 STAR rating on TrustPilot. The owners personally get back to every comment, and this leads to the industry. It is tough to achieve a rating like this in any industry, let alone the make-money-online niche.

(5) Companies That Sell “Riches”.   

One thing you will not hear from Wealthy Affiliate in their training or marketing is “get rich quick.”  The reality is that to build a business, you first have to build a solid foundation and understand it. Wealthy Affiliate provides you with the tools, training, and platform you need to create a business of any size online (even million-dollar websites). Still, you must be realistic about the process. It will take some hard work and dedication. 

(6) Companies Without an Easy Way to Contact Them.  

You can contact Wealthy Affiliate directly from their website without being a member. They have a contact form, and the owners freely share their email addresses if you ever need to contact them or have any questions. They are kyle@wealthyaffiliate.com and carson@wealthyaffiliate.com. Feel free to reach them directly if you have questions; of course, as a member, you will have access to them within the community. Which leads me to…

(7) Companies That Don’t Offer Direct Access/Communication with the Owners.   

Wealthy Affiliate is the most transparent company in the space and offers you access to Kyle and Carson, the founders, directly within the community. If you want help from them directly, ask. You can even access them for their help and mentorship within the first 7 days of the Starter membership…so without paying a dime, you can access both owners directly!

(8) Companies That Are “Information” Only  

Many things are required to build a successful business online, and Wealthy Affiliate includes all of them.  To build an online business, you need a website, top-tier hosting, marketing and research tools, ongoing education of the latest marketing strategies, writing tools/platforms, and a way to find the TOP opportunities online.  Not to mention support, mentorship, and expertise.  These are ALL things that Wealthy Affiliate provides you with any membership level, equipping you to create, grow, and manage a business of any level online.

No other company in the industry offers a free “test drive,” as they likely don’t have the confidence that someone would purchase a trial. WA gives you access to its platforms, websites, hosting, research tools, community, and support within the free membership…so there is ZERO risk, and you can decide if you ever want to purchase a premium membership.

Get Free From Multi-Level Ponzi And Pyramid Schemes

I strongly suggest 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 financial rescue, the sooner you can start making real progress toward financial freedom. The days are gone when you can 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 a ton of money, and then the scheme dissolves. 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 unsuspecting 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 financial rescue by building your online presence. This is done with YOUR website or blog, not some replicated webpage from an MLM platform. Google HATES replicated websites – they rank very poorly, if at all because you cannot create original content on them.

You MUST create an online presence by leveraging the power of the internet. My #1 recommendation is the best possible way to do this, especially if you have no prior experience in internet marketing. If you follow directions, you will position yourself to learn how to make money online—the correct way. Click on the banner below and start your FREE account TODAY!

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