DGold Coin: Legit Cryptocurrency Network Marketing System?
DGold is an apparent pyramid scheme owned by the Sungazing Organization in Serbia. The group believes that people are able to live solely off the energy from the sun. There is little information available on the DGold website aside from the names of the company’s three directors: Miroslav Kiš, the General Director, Nikola Aleksić, the Executive Director, and Dragan Davidovac, the Director of Marketing. Kiš is listed as the President of the Sungazing Organization.
DGold Coin Products Offered?
From what we can tell based on the DGold website, the company doesn’t appear to offer any products or services. DGold affiliates are only able to sell membership in the company.
The Compensation Plan
Those who sign up as DGold affiliates will invest in DGold Coin points, which the company promises will be valuable over the next few years. The company projects DGold Coins to be worth as much as $25 or $30 by the end of 2018, $100 by 2019, and $500 or more per coin by 2020.
DGold utilizes a uni-level compensation plan for referral commissions. This means each person is placed at the top of the chain with every person they personally recruit under them at level 1. If those affiliates recruit new people, they will be part of level 2 for the original member. If level 2 affiliates personally recruit new members, they will be at level 3 of the original affiliate, and so on.
DGold pays referral commissions for up to five levels. Payments are made in DGold Coin points.
- Level 1 (a personally recruited affiliate) – 10 coins
- Level 2 – 5 coins
- Level 3 – 3 coins
- Level 4 – 2 coins
- Level 5 – 1 coin
How To Join
Affiliate membership in DGold is free. Of course, the caveat is that members who join for free are only able to earn referral commissions. Becoming a full-fledged member of DGold and its “opportunity” requires affiliates to invest in DGold Coin points.
Is DGold Right For You
DGold is attempting to present itself as another MLM cryptocurrency with a high upside. However, there is little to suggest this is a legitimate opportunity that has a chance to pay off in the end. The company promises a massive increase in value after currently trading at .2 cents. But there’s no basis for that belief other than DGold trying to entice people to invest.
With no viable products or services being offered, only opportunities as an affiliate, DGold looks like little more than a Ponzi scheme. There is little information and little credibility for the company’s three directors, and the fact that Kiš is the head of an organization that appears obsessed with staring at the sun doesn’t help. All you can do is try to recruit new affiliates in order to increase your collection of DGold Coin points in the hopes that the value goes up and you’re eventually able to sell them for a profit. However, the odds of that happening are slim, as there’s nothing to suggest that DGold is anything but a sketchy cryptocurrency whose owners are trying to turn a quick profit.