DasCoin’s Net Leaders to rebrand for third time as Excelz
The MLM side of DasCoin is gearing up for its third name-change.
As announced at DasCoin’s recent Dubai event, Net Leaders will be renamed and relaunched as Excelz on December 1st.
There doesn’t appear to be any official reason for the Net Leaders name-change.
Excelz is supposed to be launching a “digital management hub” for affiliates in mid December. There’s also a travel discount portal launch planned.
One obvious unofficial reason for a name-change is that, as of October, both DasCoin and Net Leaders are under criminal investigation in Poland.
That investigation has so far resulted in the seizure of $11.6 million tied to DasCoin investment through Net Leaders.
Website activity on both the DasCoin and Net Leaders websites was already in decline for most of 2018. Developments in Poland has seen both company websites tank even further.
For those unfamiliar with the company, Net Leaders began as Coin Leaders in late 2016.
Coin Leaders saw affiliates invest in DasCoin points, which has basically followed your typical MLM altcoin pump and dump trajectory.
Seeing as DasCoin and Coin Leaders were launched by former OneCoin scammers, the business model of getting people to invest in their own altcoin wasn’t surprising.
Whereas OneCoin has remained at the Ponzi points stage however, DasCoin did actually go public in mid 2018.
Since then Net Leaders investors have learnt the hard way that nobody outside of the company is interested in DasCoin.
After an initial pump of around 21 cents, DASC has dumped to its current 2.2 cent value.
Will a name-change, digital management hub and travel portal turn things around? Probably not.
Coin Leaders affiliates invested in DASC for one reason: They wanted to eventually offload their DASC onto new bagholders for more than they paid for them.
Same as any other MLM “we have an altcoin now too” company really.