Dacxi supplies no data on their web site about who owns or runs the enterprise.
Dacxi’s web site area (“dacxi.com”) was privately registered again in mid 2017.
Perusal of Dacxi’s social media profiles reveals Ed Ludbrook is founder and CEO of the corporate:
Why this data just isn’t offered on Dacxi’s web site is unclear.
Ed Ludbrook’s MLM declare to fame was his appointment as Chief Gross sales & Advertising Officer, Chief Management Officer and Asia Ambassador for OneCoin.
Shortly after becoming a member of OneCoin, Ludbrook acknowledged the corporate was
a multi-trillion greenback alternative that any idiot will recognise as soon as educated with the information.
In July 2016 Ludbrook aggressively dismissed considerations OneCoin was a Ponzi scheme at one in every of his advertising occasions.
Ten months after OneCoin collapsed in early 2017, Ludbrook claimed he was misled by then founder after which CEO Ruja Ignatova.
US authorities have since confirmed OneCoin was a $4 billion greenback Ponzi scheme.
The DOJ is at the moment pursuing legal instances towards a number of OneCoin executives and insiders (together with Ruja Ignatova).
Throughout his time at OneCoin, Ed Ludbrook claims OneCoin’s affiliate investor-base grew from 600,000 to 2.5 million.
So far Ludbrook has not publicly apologized for his function in deceptive OneCoin buyers and inflicting widespread losses.
How a lot Ludbrook obtained in stolen OneCoin investor funds to advertise the Ponzi scheme is unknown.
Learn on for a full overview of Dacxi’s MLM alternative.
Dacxi’s Merchandise
Dacxi has no retailable services or products, with associates solely capable of market Dacxi affiliate membership itself.
Dacxi’s Compensation Plan
Dacxi associates spend money on “bundles”. Commissions are paid once they recruit others who do the identical.
The minimal Dacxi bundle funding quantity is $100.
A Dacxi bundle is cut up over numerous cryptocurrencies as follows:
- bitcoin – 50%
- ethereum – 20%
- litecoin – 10%
- DAC – 20%
Dacxi associates may also straight spend money on DAC (minimal $100).
DAC is an inner Dacxi token. It isn’t publicly tradeable and holds no worth exterior of Dacxi.
Recruitment Commissions
Dacxi associates earn 10% of funds invested in bundles by personally recruited associates.
A residual 2.5% fee is paid on funds invested in bundles by associates recruited by personally recruited associates (stage 2).
Direct DAC funding by personally recruited associates attracts a 20% fee. 5% is paid on stage 2 direct DAC funding.
Dacxi pays all recruitment commissions in equal DAC tokens.
Maintain Bonus
Dacxi associates obtain a 50% DAC bonus in the event that they make investments $1000 or extra and do nothing with their tokens for 180 days.
Becoming a member of Dacxi
Dacxi affiliate membership is tied to a minimal $100 bundle funding.
Conclusion
Ed Ludbrook’s Dacxi hasn’t fallen removed from the OneCoin Ponzi tree.
Dacxi solicits funding in actual cash, however primarily operates through DAC.
The DAC Coin is the inner forex of the worldwide Dacxi Economic system.
As Dacxi expands by nation, product, crowd dimension and providers, the demand for DAC Cash will enhance.
DAC has no worth exterior of Dacxi. Regardless of the present inner worth Dacxi assigns DAC just isn’t revealed on their web site or in any other case made public.
The closest I used to be capable of finding is the next quantities, quoted as correct as of September 2019:
USD – 0.0135
AUD – 0.0196
UK – 0.0107
EUR – 0.0121
In the end DAC isn’t any completely different to OneCoin’s inner Ponzi factors.
Dacxi associates spend money on DAC on the implication they’ll finally be capable of withdraw greater than they initially make investments.
Along with getting paid to recruit new affiliate buyers, Dacxi associates notice returns by promoting DAC by the corporate’s inner trade.
Dacxi refers to this as an “affiliate buy-back cycle”.
The affiliate buy-back cycle runs fortnightly. We are going to inform all of the certified associates of what number of DAC cash they’ll promote through an electronic mail.
To promote bonus DAC cash, associates ought to use the Dacxi Change switch funds choice.
We’ve got a ‘buyback’ programme as a result of as our DAC coin growth remains to be in its early levels, individuals are unable to money out the coin and naturally, we would like associates to have the ability to do that.
The issue right here is that the one verifiable income coming into Dacxi is new funding.
Utilizing new funding to pay returns on DAC factors through an inner trade makes Dacxi a Ponzi scheme.
This ties into securities fraud. On the time of publication Dacxi supplies no indication on its web site that it has registered its passive funding alternative with monetary regulators.
Which means that Dacxi is working illegally worldwide.
Of be aware is the inclusion of the US in international locations Dacxi just isn’t soliciting funding in:
We at the moment don’t settle for clients from residents or residents of some international locations together with however not restricted to Belarus, Burma, Canada, China, Cote D’Ivoire (Ivory Coast), Cuba, Democratic Republic of Congo, Iran, Iraq, Liberia, North Korea, Sudan, Singapore, Syria, United States of America, New Zealand, Malaysia and Zimbabwe.
To be clear, if Dacxi has an exterior income supply, registers with the SEC and recordsdata full disclosures, the corporate just isn’t doing something unlawful.
If all they’re doing is recycling investor funds to pay returns on an inner factors system although, properly you may see why Dacxi’s wish to keep away from the US.
It’s no secret that the SEC is the world’s most lively securities regulator.
Oh and it’s a bit unusual that New Zealand is on Dacxi’s record of banned international locations.
On the identical web page New Zealand is listed as a banned nation, Dacxi supplies social media teams for its New Zealand associates.
Hmm.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This may starve Dacxi of ROI income, finally resulting in a collapse.
Alongside the best way affiliate withdrawals will exceed new funding. And when that occurs Dacxi’s inner trade withdrawals
will proceed solely till the DAC coin is publicly listed on different exchanges, at which period associates will be capable of money out with us or them.
As above, Dacxi will record DAC on some dodgy trade and exit-scam.
From right here it’s the identical outdated MLM crypto story. DAC will record at some bullshit worth, plummet to zero and sorry in your loss.
Ed Ludbrook in the meantime can be lengthy gone with no matter he’s stashed away. Sort of like his OneCoin exit.
One ultimate factor I wish to contact on is Dacxi’s completely not dodgy sounding “company and tremendous fund account programmes”.
The Company and Tremendous Fund account programmes are for Australian residents solely.
There’s nothing about this program on Dacxi’s web site so uh, yeah. Completely legit.