Daxio moves forward with Arctic Coffeehouse NFT grift

Following the collapse of its fourth reboot final June, Daxio has introduced a fifth reboot.

Introduced as a “partnership proposal”, Daxio’s fifth reboot is tied to an “Arctic Coffeehouse” NFT grift.

An “Arctic Coffeehouse Daxio DAO Partnership Proposal”, uploaded to Tally on March twelfth, pitches Arctic Coffeehouse as

a Norwegian espresso model set to broaden enterprise globally.

With a robust give attention to model constructing and social influencing Arctic Coffeehouse believes the model and its merchandise might be well-known all over the world.

Arctic Coffeehouse operates from two recognized web site domains:

  1. “arcticcoffeehouse.com” – first registered in 2020, personal registration final up to date on Could twenty fourth, 2024
  2. “arcticcoffeehouse.no” – first registered in March 2023, personal registration final up to date on February seventh, 2024

From what Wayback Machine we will see Arctic Coffeehouse’s web site solely went stay someday in the direction of late March 2024:

Wayback Machine’s archives for Arctic Coffeehouse’s .NO area additionally date again to late March 2024.

Whereas its web site is just latest, planning for Arctic Coffeehouse seems to have begun in late 2023:

A significant pink flag is Arctic Coffeehouse hiding who owns or runs the corporate.

This important due-diligence data isn’t offered on Arctic Coffeehouse’s web site. Arctic Coffeehouse’s web site area registrations are additionally personal.

All that’s disclosed is “Arctic CoffeeHouse AS has its head workplace and manufacturing in Bergen.”

In violation of securities legislation in Norway and elsewhere on this planet, Arctic Coffeehouse is soliciting funding from the general public:

This may represent securities fraud by the use of Arctic Coffeehouse failing to supply proof it has registered with monetary regulators.

Arctic Coffeehouse’s funding pitch revolves round NFTs:

Buyers make investments 0.5 ETH into Arctic Coffeehouse NFTs. That is completed on the promise of passive returns paid as “royalties”.

Arctic Coffeehouse’s NFT royalties are purportedly made up of 10% of the corporate’s generated income.

Particular particulars of Arctic Cofeehouse’s NFT grift are introduced on the beforehand cited Tally web page:

5000 NFTS to be minted for 0.5 ETH

Advantages of those 5000 NFT holders is 10% Low cost on all merchandise worldwide and 10% Royalties from the Espresso Enterprise worldwide.

(Royalties are calculated into every product sale of espresso and different merchandise offered.)

So the place does Daxio match into this?

The Daxio Dao will obtain 10% of the mint to share with the Daxio DAO.

The Daxio Dao will obtain 10% royalties from the Espresso Enterprise worldwide.

SDAX can be utilized to buy the espresso and different merchandise.

In a nutshell, Arctic Coffeehouse is being touted as a lifeline for Daxio Ponzi bagholders. This hinges on NFT funding (securities fraud) and other people ordering Arctic Coffeehouse merchandise.

Whereas Arctic Coffeehouse doesn’t disclose who owns it, I feel it’s fairly apparent the first suspect is Daxio proprietor Frode Jorgensen (proper).

Jorgensen may very well be working alone however I’m extra inclined to suppose he’s working with a third-party

Final we heard Jorgensen was on the run from Daxio buyers. That was March 2023, after which there haven’t been any substantial updates.