DigiCoin Markets offers no details about who owns or runs the corporate on its web site.
DigiCoin Markets’ web site area (“digicoinmarkets.com”), was privately registered on August 18th, 2021.
In an try to seem authentic, DigiCoin Markets offers a UK incorporation certificates for “DigiCoinMarkets LTD”.
An MLM firm working or claiming to function out of the UK is a pink flag.
UK incorporation is dust low cost and successfully unregulated. On high of that the FCA, the UK’s high monetary regulator, don’t actively regulate MLM associated securities fraud.
Consequently the UK is a popular jurisdiction for scammers trying to incorporate, function and promote fraudulent firms.
For the aim of MLM due-diligence, incorporation within the UK or registration with the FCA is meaningless.
Along with UK incorporation particulars, DigiCoin Markets puzzlingly offers an incomplete company deal with in Norway on its web site.
On October twenty first the Philippine SEC issued a DigiCoin Markets securities fraud warning.
As a part of the SEC’s investigation, the regulator uncovered DigiCoin Markets
investments shall be deposited/credited to the respective Gcash accounts and Union Financial institution accounts of Mr. JIM MARK DELOS SANTOS and Mr. RAMIR TULISANA.
These seem like Philippine nationals, suggesting that, versus the UK or Norway, DigiCoin Markets is being run from the Philippines.
Regardless of the SEC’s warning and threats of fines and jail time, as of November 2021 Ramir Tulisana remains to be selling DigiCoin Markets:
Jim Mark Delos Santos seems to have gone underground.
Regardless of solely current as of some months in the past, DigiCoin Markets falsely represents it launched in February 2020.
As all the time, if an MLM firm will not be overtly upfront about who’s working or owns it, assume lengthy and exhausting about becoming a member of and/or handing over any cash.
DigiCoin Markets’ Merchandise
DigiCoin Markets has no retailable services or products.
Associates are solely in a position to market DigiCoin Markets affiliate membership itself.
DigiCoin Markets’ Compensation Plan
DigiCoin Markets solicits funding on the promise of marketed returns:
- Customary Bundle – make investments $20 to $1000 and obtain 5% a day for 30 days
- Medium Bundle – make investments $1200 to $7000 and obtain 6% a day for 30 days
- Skilled Bundle – make investments $8000 to $20,000 and obtain 7% a day for 30 days
DigiCoin Markets pays referral commissions on funds invested by recruited associates.
Referral commissions are paid out by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel group, with each personally recruited affiliate positioned immediately below them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel group.
If any degree 2 associates recruit new associates, they’re positioned on degree 3 and so forth and so forth down a theoretical infinite variety of ranges.
DigiCoin Markets caps payable unilevel group ranges at 4.
Referral commissions are paid as a proportion of funds invested throughout these 4 ranges as follows:
- degree 1 (personally recruited associates) – 5%
- degree 2 – 3%
- ranges 3 and 4 – 1%
Becoming a member of DigiCoin Markets
DigiCoin Markets affiliate membership seems to be free.
Full participation within the hooked up revenue alternative nonetheless requires a minimal $20 funding.
DigiCoin Markets solicits funding in USD and varied cryptocurrencies.
DigiCoin Markets Conclusion
DigiCoin Markets claims to be a “buying and selling platform for crypto buyers”.
The issue with that is DigiCoin Markets fails to supply proof it’s utilizing buying and selling income to pay withdrawals with.
However that if DigiCoin Markets was in a position to legitimately generate 7% a day by way of buying and selling, they wouldn’t be promoting entry for simply $20.
Because it stands the one verifiable income getting into DigiCoin Markets is new funding.
Utilizing new funding to pay every day returns makes DigiCoin Markets a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment slows down so too will new funding.
This can starve DigiCoin Markets of ROI income, ultimately prompting a collapse.
The maths behind Ponzi schemes ensures that after they collapse, the vast majority of individuals lose cash.