DAGCoin is a new CryptoCurrency founded by Nils Grossberg, that offers a new type of blockchain technology. It is similar to Bitcoin, LiteCoin Classic (LCC Coin), ATC Coin, etc and was launched in October 2017. Its whole data is stored and organized using a Directed Acyclic Graph (DAG) system instead of normal blockchain technology. This system is very useful for the users as the DAG Coin is 300 times faster than Bitcoin and has 30 times cheaper transaction fees. It also allows the users to secure one another’s data by referencing earlier data units created by other users (similar to blockchain) and removes scalability limits commonly encountered on blockchains (eg. blocksize issues).
DAG Coin sees itself as a superior cryptocurrency with many important advantages over Bitcoin. Some of its major advantages are:
- Fast Transactions: Normally, the transactions done through Blockchain networks take more and more time to confirm, buy in case of DAG Chain, transactions take less and less time as the network of users grows just because of its disruptive and innovative technology.
- Low Transaction Fees: As compared to other networks, transactions done through DAGCoin have a very small fixed fee, regardless of the amount that is sent. Some complex transactions such as conditional payments have a little bit bigger transactions fees.
- Open source: Both DAG Coin and Byteball (the platform it’s built on), are open source and the code is available for everybody to see and check.
- Eco-Friendly: The process of mining is old and requires tremendous amounts of computing power. As the Dagcoin.org website explains, that “means huge electricity consumption.” Therefore, Dagcoins are generated without physical mining.
- Easy to Use: According to DAG Coin official website, ‘Sending Dagcoins is as easy as sending an e-mail.’ Yes, DAGCoin is easy to use as compared to other cryptocurrencies or blockchain technology. It starts with a user-friendly payment solution that allows the users and merchants to send and receive coins easily.
- Great investment: The DAG Coin website states that ‘The Cryptocurrencies have proven to be great for investment. Overall market is rallying towards a trillion dollar market cap and DAG Coin with new technology has huge growth potential.’
The DAGCoin Compensation Plan
DAG Coin affiliates invest in DAG Coin with the expectation of a ROI:
- Starter – invest $100 and receive 100 DAGCoins
- Explorer – invest $500 and receive 500 DAGCoins
- Advanced – invest $1000 and receive 1000 DAGCoins
- Expert – invest $2500 and receive 3000 DAGCoins
- Pro – invest $5000 and receive 6000 DAGCoins
- Mentor – invest $12,500 and receive 17,500 DAGCoins
- Investor – invest $25,000 and receive 35,000 DAGCoins
Funds invested by recruited affiliates are used to pay commissions and bonuses through the DAG Coin compensation plan.
Note: 35% of all affiliate commissions paid out must be reinvested back into DAGCoin.
For more info, please visit DAGCoin official website, dagcoin.org