DigiCoin Markets’ website has no information on who owns or operates the firm.
On August 18th, 2021, DigiCoin Markets’ website domain (“digicoinmarkets.com”) was privately registered.
DigiCoin Markets gives a UK incorporation certificate for “DigiCoinMarkets LTD” in an attempt to seem credible.
An MLM firm based in or claiming to be based in the United Kingdom is a red flag.
In the United Kingdom, incorporation is dirt cheap and virtually uncontrolled. Furthermore, the FCA, the United Kingdom’s leading financial regulator, does not actively regulate MLM-related securities fraud.
As a result, the United Kingdom is a popular destination for fraudsters wishing to incorporate, run, and market bogus businesses.
Incorporation in the UK or registration with the FCA are irrelevant for MLM due diligence.
In addition to the UK incorporation data, DigiCoin Markets’ website oddly gives an incomplete company location in Norway.
The Philippine Securities and Exchange Commission issued a DigiCoin Markets securities fraud notice on October 21st.
DigiCoin Markets was discovered as part of the SEC’s investigation.
Investments will be deposited/credited to Mr. JIM MARK DELOS SANTOS’s Gcash account and Mr. RAMIR TULISANA’s Union Bank account.
These appear to be Filipino nationals, implying that, unlike the UK or Norway, DigiCoin Markets is run from the Philippines.
Despite the SEC’s warning and threats of penalties and prison time, Ramir Tulisana is still marketing DigiCoin Markets as of November 2021:
Jim Mark Delos Santos appears to have disappeared.
Despite the fact that it was only a few months ago, DigiCoin Markets erroneously claims that it debuted in February 2020.
As always, if an MLM firm is not honest about who runs or controls it, consider twice before joining and/or turning over any money.
Products from DigiCoin Markets
DigiCoin Markets does not provide any retailable items or services.
Affiliates can only promote the DigiCoin Markets affiliate membership.
Compensation Plan for DigiCoin Markets
DigiCoin Markets invites investment based on the following advertised returns:
Standard Package: Invest $20 to $1000 and earn 5% every day for 30 days.
Medium Package: Invest $1200 to $7000 and earn 6% every day for 30 days.
Professional Package – Invest between $8000 and $20,000 and get 7% every day for 30 days.
Referral commissions are paid by DigiCoin Markets on monies invested by recruited affiliates.
Referral commissions are distributed using a one-level compensation scheme.
In a unilevel compensation system, an affiliate is put at the head of a unilevel team, with every individually recruited affiliate placed right under them (level 1):
If any level 1 affiliates acquire new affiliates, they are assigned to the original affiliate’s unilevel team at level 2.
If any level 2 affiliates recruit new affiliates, they are promoted to level 3, and so on for an unlimited number of levels.
DigiCoin Markets limits the number of paying unilevel team levels to four.
Referral commissions are given as a proportion of monies invested at each of these four tiers, as shown below:
5% for level 1 (personally recruited affiliates), 3% for level 2, and 1% for levels 3 and 4.
Participating in DigiCoin Markets
Affiliate membership at DigiCoin Markets looks to be free.
However, full participation in the linked income potential necessitates a minimum investment of $20.
DigiCoin Markets invites USD and cryptocurrency investments.
Conclusion of the DigiCoin Markets
DigiCoin Markets describes itself as a “trading platform for crypto investors.”
The issue is that DigiCoin Markets has failed to give evidence that it is using trading proceeds to settle withdrawals.
Regardless, if DigiCoin Markets could truly produce 7% per day from trading, they would not be selling access for $20.
As of now, new investment is the sole verified source of revenue entering DigiCoin Markets.
DigiCoin Markets is a Ponzi scam since it uses fresh investments to pay daily returns.
As with many MLM Ponzi schemes, if affiliate recruitment stops, fresh investment will decline as well.
This will deprive DigiCoin Markets of ROI revenue, resulting in a collapse.
Ponzi schemes’ logic ensures that when they fail, the vast majority of participants lose money.