DDK is claiming to be a reliable blockchain platform that uses the DPoS protocol to provide profits to the users. Other than this particular protocol, DDKoin.com also states that the company keeps innovating itself to provide more opportunities to the clients.
However, there are certain aspects of DDK that do not make sense. Therefore, it is important to review this company in detail before you make any choice about investing in this platform.
DDKoin, or simply DDK, is presenting itself as a decentralized blockchain platform that is capable of helping a large community of users by providing financial independence. The website of the company, DDKoin.com, states that this platform is offering both blockchain and fintech solutions to a wide range of businesses and users. However, it does not mention the name of any prominent business or the exact number of people using the platform.
Moreover, DDK is claiming to have a reliable R&D department to enhance the overall performance and investment ecosystem of the company. It is important to discuss these promises of the company because there is no proof that it is actually capable of fulfilling them.
DDKoin.com does not provide any address on the website. The site mentions Datuk Azrainuddin Zainal and Datin Nur Ezdiani Baharoddin as the co-founders of the company. Their social media profiles indicate that they are living in Malaysia. Hence, it is assumed that DDK is running out of Malaysia.
The analysis of the website shows that Malaysia, Indonesia, and Brunei are contributing the highest amount of traffic to DDKoin.com. All of these facts indicate that DDK is operating from Malaysia.
Yet, the website that the company is running under the rules and regulations of Singapore. It does not provide any further clarification on this claim. However, it is highly possible that the company is only making these claims seem like a legitimate platform and attract more users.
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The company itself was established in late 2015 with the name of DinarCoin. However, it reinvented itself as DDKoin in 2017. It is likely that the company was not able to attract much investment, due to which it changed its name.
It is now trying to scam people by presenting itself as a well-established platform. The truth is that DDK is just a few years old companies that are using sophisticated terms and terminologies to seem like a genuine platform.
DDKoin.com makes it clear that if you want to earn any kind of profit from the company, you will have to invest in it. It is quite surprising to see that the company does not mention any minimum amount of money that you must invest in the company.
Instead, it encourages users to invest as much as they can. The website also states that if you buy at least 10 DDKoin, you will get the ‘delegate’ status at the company, with which you will be able to generate more profits. This kind of business model is very unreliable.
The following income structure of DDK also shows that DDK is not a suitable investment opportunity for the users. Therefore, you should avoid investing in it. You can invest in genuine crypto mining companies that provide reliable crypto mining services so that you can earn a good amount of profits.
The income structure of DDK relies on the amount of money that a user is investing in the company. However, you should keep in mind that DDKoin does not have any value outside of this platform. It means that the company is making you buy DDKoin to handle internal transactions while you will not be making any real profits because this currency is not publicly tradeable.
The major focus of the company is on promising daily profits to the users. DDKoin.com provides the following breakdown of the income structure:
This kind of income structure is often seen in many crypto Ponzi schemes that promise profits to the users to get their investment. However, there is no guarantee that the company will actually provide any of these profits.
Like most of the other Ponzi schemes, DDK also promises referral and recruitment commissions to the users. DDKoin.com is encouraging users to recruit as many people as they can so that they are able to earn the maximum amount of profits.
The website provides the following breakdown of the referral commissions:
Some of the prominent features of DDKoin.com are:
The company is claiming to have a very low transaction fee in the crypto industry. Yet, DDKoin.com never mentions the exact fee that is applied to the transactions in the company. Furthermore, there is a lack of information about the way the transactions will be conducted in the company.
Other than the owners of the company, the website mentions the name of a number of people like the developer team behind the company. Despite all of this information, it is still not verifiable from any external source that the company is telling the truth about having this team.
It is possible that DDKoin is mentioning some random names and profiles to seem legitimate because the company changes these names after a few months. These kinds of tactics make the entire company look highly suspicious.
The above discussion makes it evident that DDK is a common crypto Ponzi scheme. There is nothing new in this company that would seem genuine or trustable.
DDKoin does not have any actual value in the crypto industry. The internal exchange of the company is using this coin to conduct transactions. It means that even if you manage to earn some DDKoins, you will not get any profits as they will be useless to you.
The business model of DDK also shows that the company wants you to keep investing in it so that you can earn ROIs over a period of some months. This kind of business model is often seen in crypto scams.
The fact that DDK is outrightly lying about its country of origin is also important to consider before making any final decision. The website hints that it is operating from Singapore. However, this is clearly not the case, as all of the information indicates that Malaysia is possibly the country of origin of DDK.
The bottom line is that DDKoin.com is not a trustworthy platform. You will end up losing your money if you invest in DDK. Therefore, you should avoid this kind of investment. Instead, a good alternative to this Ponzi scheme would be investing in crypto mining companies. These companies provide a variety of mining options for both beginners and experts. Hence, you can trust them to mine your own crypto coins and earn a significant amount of profits.
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