Digital Cash Markets offers no info on their web site about who owns or runs the corporate.
Digital Cash Markets’ web site area (“dmm.money”) was privately registered on February fifth, 2020.
Digital Cash Markets’ web site defaults to Spanish, even with English because the set language. This means whoever is working the corporate is a local Spanish speaker.
Official advertising movies featured on Digital Cash Markets’ web site are hosted on a YouTube channel bearing the title Antonio Prieto Chaves.
Probably attributable to language-barriers, I used to be unable to determine who that is.
As at all times, if an MLM firm is just not overtly upfront about who’s working or owns it, suppose lengthy and exhausting about becoming a member of and/or handing over any cash.
Digital Cash Markets’ Merchandise
Digital Cash Markets has no retailable services or products, with associates solely capable of market Digital Cash Markets affiliate membership itself.
Digital Cash Markets’ Compensation Plan
Digital Cash Markets associates make investments $50 to $50,000. Funds are invested on the promise of a 1.5% ROI, paid every day for 135 days.
Commissions are paid when subsequently recruited associates additionally make investments funds.
Direct Referral Commissions
Digital Cash Markets associates obtain 10% of funds invested by personally recruited associates.
Residual Commissions
Digital Cash Markets pays residual commissions through a binary compensation construction.
A binary compensation construction locations an affiliate on the prime of a binary group, break up into two sides (left and proper):
The primary stage of the binary group homes two positions. The second stage of the binary group is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary group are generated as required, with every new stage housing twice as many positions because the earlier stage.
Positions within the binary group are stuffed through direct and oblique recruitment of associates. Word there isn’t any restrict to how deep a binary group can develop.
Digital Cash Markets pays residual commissions as 10% of funds invested on the weaker binary group aspect.
How usually residual commissions are calculated and paid out is just not disclosed.
Recruitment Bonuses
Digital Cash Markets rewards associates who persuade others to speculate.
- qualify at Star (generate $1000 in funding) = a “certificates of recognition”
- qualify at Two Stars (generate $2500 in funding with two personally recruited Stars) = a “certificates of appreciation” and an organization t-shirt
- qualify at Three Stars (generate $5000 in funding) = a restaurant meal
- qualify at 4 Stars (generate $8000 in funding) = a “full day in the very best vacationer locations in your nation” and a “5 stars dinner”
- qualify at Prime Chief (generate $12,000 in funding) = a paid week at “spectacular vacationer locations in your nation”
Becoming a member of Digital Cash Markets
Digital Cash Markets affiliate membership is free.
Full participation within the hooked up revenue alternative requires an preliminary $50 to $50,000 funding. Word {that a} 5% charge is charged whatever the quantity invested.
Conclusion
Digital Cash Markets pitches itself as follows;
HAVE YOU EVER DREAMED OF BEING IN A COMPANY THAT DOESN’T SCAM YOU?
We’re a bunch of individuals, traders like all of you, who’re bored with many corporations leaving with folks’s cash and disappearing with our cash and in addition damaging the repute of people that, trusting in these corporations, promoted them being completely Satisfied of the reliability of them, they have been shocked as in a single day, these corporations disappeared and with them our financial savings. BUT THAT’S OVER.
In actuality Digital Cash Markets isn’t any totally different from the scams it makes an attempt to distinguish itself from.
With no verifiable exterior supply of ROI income, the one verifiable income coming into Digital Cash Markets is new funding.
Utilizing new funding to pay affiliate traders 1.5% a day makes Digital Cash Markets a Ponzi scheme.
The MLM aspect of Digital Cash Markets pays on recruitment of latest affiliate traders, including a pyramid layer to the scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This may go away Digital Cash Markets unable to pay withdrawal requests, finally leading to a collapse.
The mathematics behind Ponzi schemes ensures that after they collapse, nearly all of contributors lose cash.