The cryptocurrency industry had been a hot market following the crypto craze in 2017 experienced by most cryptocurrencies. 2018 has come with an influx of ICOs majority of which are based on the ethereum smart contract. Several cryptocurrencies had been develop to solve a solution in one industry or another.
However, a ”global cryptocurrency ” is still a challenge because of the the number of transactions that can be validated per second. This challenge has given birth to a technology called DAG (Digital Acyclic Graph) which is block chain 3.0.
DAG CHAIN TECHNOLOGY IN BRIEF
With the DAG structure , there are no fixed blocks and each transaction carries its own proof of work. This technology is environmental friendly thanks to the two optimizations that allow storage and dynamic update t of he DAG–chain .
The basic differenct between DAG chain and block chain is that ,the blockchain requires Proof of Work from miners on each transaction . With the the DAG chain gets around this by getting rid of the block entirely. Instead, DAG transactions are linked from one to another, meaning one transaction confirms the next and so onw Thus consuming low CPU resources. This seem to be what we need.
IOTA AND Byteball are currently using this technology. Here comes another coin that is making a buzz on the internet making use of the DAG Chain technology.
What is DAG COIN ?
Dag coin is a non block chain concurrency based on the Dag Chain technology of Byteball which is the top Dag chain coin at the moment. There are 1 billion DAG coins in circulation . The
DAG coin and Doubts
There are a good number of reviews that points out that DAG coin is a scam. Some of them include:
- The CEO was part of the One coin team. Based on our research we found out that he was actually involve in one coin for about 3 months and went out when he discovered it was not going. If you can proof that he was part of the team , don’t fail to mention in the comment.
- Listing on Cryptocurrency Exchanges was not Respected.
This is not the first coin to have delayed listing on an external exchange. As such this enough does not make the coin a scam. While some Investors get skpetical about coins on internal exchanges other are happy about it .
However is is not a good sign when companies don’t respect their road maps. Another issue with listing on cryptocurrency exchanges is the mention of Poloniex which does not accept coins with MLM. Getting DAG coin on an external exchange can attract more investors.
But i dont think a good investor will have to wait before the coin is listed. You can take some risk if you want to have an experience with Dag coin. The rewards for a cryptocurrency are always huge especially to early investors.
3. NO product
From our research Dag coin is focused on becoming an alternate currency . They do mention the Dag payment system which is a product in my opinion. It will permit merchants to accept DAG Coin online. They are equally a good number of project that have achieve a remarkable success without the release of any product. An example is EOS which today is on the top 5 (03/05/2018) without the release of the main net. I cannot base my conclusion on this. You are advice to make your own judgments too.
4. How is DAGCOIN Different from Byteball then? Why not use ByteBall?
Unlike Byteball, Dagcoin is more focused on A worldwide commercial and regular use for the people like mobile payments, games, merchants, financial services, payment solutions among others. As mentioned earlier there are several coins that a created on the ethereum network to solve specific problems. DAG coin should not be an exemption.
Advantages of DAG COIN
i.Full operational Wallet with Back Up: The Dag coin wallet can be back up and sync with all your devices.As such, you can access you coins in case of the ”bad”.
ii. A Coin for a Green Environment: One of the major challenge of of coins based on the block chain is that there need miners to validate transaction, this require the use of huge amount of energy which end up in the environment as heat. Dag coins are generated without mining , thus making it an ECO-friendly coin.
iii.Open Source : Dag coin and Byteball platform are open source platforms which permits anyone to see the code. This gives room for everyone to contribute in its development and future success.
iii. Fast Transaction: The dark chain network can confirm up to a million transactions in a second as oppose to the block chain . The more crowded the Dag chain the faster transactions are confirm. But with block chain the more crowded the block chain, the longer the time for a confirmation.
iv. Low transaction fee: From what we gather the value for doing a transaction with DAg coin is ~ 0.0005 USD. This amount is fixed and does not depend on the network as in block chain technology.
v. DAG COIN As an Investment: Like every cryptocurrency, Investors alway make money as the currency gains value. Since the crypto market is moving toward the trillion dollar, there is a possiblity of DAG coin to join the train and Early investors will be able to gain enomously from the growth of the currency.
HOW DO WE GET dag coins?
This is where we bring you into what we discovers as: THE DAG UNIVERSITY
You can get DAG coins from the Dag university .According to the the DAG Coin team, DAG university is a platform that offers education on ;
SETTING UP YOUR BUSINESS
RUNNING A BUSINESS
LEADING A GROUP
To become a member of the DAG university, you need to buy the educational courses. By buying the courses ,you are rewarded with coins. Below are the Packages and the coins you get per pcakage.
DAG UNIVERSITY Educational Courses
Basic – 25 USD – 20 VP This course gives a basic overview of the deﬁnitions used in the cryptocurrency and sales industry
Starter – 150 USD – 100 VP This course is great for starting to learn about cryptocurrencies and the foundation of marketing and sales. After completion of this course the attendee is rewarded with 100 dagcoins.
Explorer – 700 USD – 500 VP This course gives deeper insight into what cryptocurrency is and how to excel in the art of selling. After completion of this course the attendee is rewarded with 500 dagcoins.
Advanced – 1 500 USD – 1 000 VP Advanced course teaches the technical aspects of cryptocurrency and takes your sales skills to advanced level. After completion of this course the attendee is rewarded with 1000 dagcoins.
Expert – 3 500 USD – 2 500 VP This course teaches how to be an outstanding public speaker and to present your ideas. After completion of this course the attendee is rewarded with 3000 dagcoins.
Pro – 7 000 USD – 5 000 VP This course teaches how to become a professional in sales and gives a thorough guide to psychology and human behaviour. After completion of this course the attendee is rewarded with 6000 dagcoins.
Mentor – 17 200 USD – 12 500 VP An intensive course for becoming a top level leader and a great mentor. After completion of this course the attendee is rewarded with 17 500 dagcoins.
Investor – 34 000 USD – 25 000 VP In depth course on digital assets, markets, trading and investing. After completion of this course the attendee is rewarded with 35 000 dagcoins
VP Stands for volume points. Volume points are used to calculate commissions and recognition ranks in the DAG Coin MLM.
DAG COIN MLM
Dag coin uses the multilevel marketing strategy to promote the coin as well ass increase the DAG Coin community. This form of marketing is heavily criticized and is commonly referred to as a ponzi marketing scheme. Looking in another light, it is like sharing the money used in maing Facebook Ads,Google Ads and other media Ads to Investors who are promoters in this case. Network marketing is however a very powerful form of marketing. DAG Coin has a very attractive network marketing system with several rewards.
The MLM planincludes; 10% direct bonus, affiliat Rank commisions,weekly coin reward,residual commision,matching bonus and leader ship commissions.
The DAG coin Equally claim to offer the following to it members:
- event ticket,
- an iPad Mini 64 GB ,
- latest iPhone 128 GB,
- a Macbook Pro ,
- luxury vacation for 2 people for 2 weeks”
- ,Rolex watch
- 500g gold bar
- premium cars and a real estate
To make the post short, i will do another post for the DAG Coin MLM. but you can check out this video for more clarification on the compensation plan at Dag University.
More Details about the DAG COIN MLM can be read here: THE DAG COIN MLM AND COMPENSATION PLAN
As a cryptocurrency investor and a lover of innovative technology. I will invest in DAG coin. Like any investment it involves risk. We are advice never to invest what we cannot afford to loose. Dag chain is the future of cryptpcurrency and it is too difficult to resist a project based on this technology. The arguments that are brought forward to proof that this is a ponzi scheme are based on the past. I stand at 70% ponzi scheme and 30% investment opportunity. It is worth investing in Dag coin if you will be part of the MLM. If you want to invest in the coin Only, then do so at your own risk. We will keep you updated on how this project is involve. If you want to join DAG Coin you will need the dag university .ink to join the academy as it is called. This is the third coin based on Dag Chain to at the moment i am updating this post.
Will you Invest in DAG Coin?
I considered building a team in Dag coin. i used play money to buy the started pack to see if i can get any courses . But i later changed my mind after noticing that DAg coin ICO was to last for more than a year. This in my opinion is not a good sign especially to those who are investing in cryptocurrencies for the first time . If you still think you can invest, then whatsapp me at +237676664922 lest have a chat.
Make sure you comment here before contacting me on whatsapp. Thank you