Daxx.network is a bitcoin investment scheme that promises to pay you 2% profits per day, every day. Find out if it’s a scam or a legitimate opportunity today in our review.
What Is Daxx?
Daxx is a cryptocurrency scam built around a value-less digital token called DaxxCoins. The company’s website, Daxx.network, claims that the tokens are expected to skyrocket in value in the near future. They advertise DaxxCoin as the “most profitable and most secure investment” built on blockchain technology.
In fact, the creators of Daxx will triple your money in 150 days for no reason whatsoever. They claim to pay 2% ROI every day, guaranteed. You don’t need to do anything to earn these types of returns. You just give the company a bunch of your money, and they’ll magically turn it into more money.
How Does Daxx Make Money?
Daxx, like most bitcoin scams, makes enormous claims about its moneymaking potential. However, Daxx doesn’t appear to offer any legitimate products or services. As far as we can tell, it’s just a straight-up pyramid scheme based on memberships. You buy into the company, and the company continues operating until it can no longer collect any membership fees, at which point it collapses and everyone but the top levels loses their money.
Daxx.network vaguely describes how the digital token is a “goldmine for everyone” because it offers “a revolutionary mining and trading project.” They also claim the token is filled with “unlimited opportunities” for investors to make money.
In any case, Daxx requires you to pay them between $160 and $32,000 USD (3 to 600 LTC). This is your membership fee. Once you’ve paid that fee, your money is gone. Daxx will pay you DaxxCoins in return for your investment.
DaxxCoins have no apparent value, as far as we can tell. The currency may not even be built on blockchain technology – which means it’s just an electronic token with no fixed supply. Your DaxxCoin will appear in your DaxxCoins account dashboard. However, you can’t spend those tokens on any products or services. You won’t find the tokens listed on any exchange. And you’ll never be able to exchange DaxxCoin for USD or any fiat currency. It’s literally a useless digital currency.
DaxxCoins promises to triple your money every 150 days, guaranteed. All you need to do is give the company a bunch of money, and they’ll magically turn it into more money. There’s no hard work, risk, or skill required. Here are the three “guaranteed-success packages” available through the website:
Double: 3 to 30 LTC with daily ROI of 1.33%
Racer: 31 to 60 LTC with daily ROI of 1.66%
Triple: 61 to 600 LTC with daily ROI of 2.00%
DaxxCoins even has a profit calculator on the official website where you can see how rich you’ll be after giving money to the company.
The company claims to pay out in Litecoin. However, we can find no evidence that DaxxCoins has ever paid out anyone.
Who’s Behind Daxx?
Like most bitcoin scams, Daxx’s creators refuse to disclose their personal identity, background, or investment experience. When someone is asking you to send them hundreds of dollars online, but refuses to disclose their identity, that’s a sure sign you’re being scammed.
Daxx.network was registered in July 2017 to an anonymous individual. All we can find online is one forum post on BitcoinTalk.org made by someone named mrinal205 in July.
A Google Search for that username leads us to a man named Mrinal Sharma. It’s unclear if mrinal205 or Mrinal Sharma have any connection to Daxx.network. However, it’s unusual for someone to randomly promote a scam without being directly linked to it – especially just days after the scam launched online, with no other mention of that website available online.
Aside from Sharma, we can’t find any personal information of anyone else involved with the project.
Daxx, like many bitcoin investment schemes, claims to be the next biggest cryptocurrency in the world. It’s targeted towards newbie cryptocurrency users who are jealous they didn’t invest in bitcoin in 2009.
DaxxCoins promises enormous, unrealistic returns for no reason whatsoever. There’s no business plan, and there are no products or services being sold. It’s just a membership-based pyramid scheme that will likely collapse within the next few weeks or months after it has attracted enough initial investments.
Avoid Daxx.network if you want to hold onto your money. It’s a blatant scam.