Doradus fails to supply possession or govt info on its web site.
Doradus’ web site area (“doradus.io”), was privately registered on November 4th, 2022.
Doradus’ web site cites an “official launch” date of December fifth, 2022.
In an try to look reputable, Doradus supplies shell incorporation certificates for the UK and Hong Kong on its web site.
As a result of ease with which scammers are capable of incorporate shell corporations with bogus particulars, for the aim of MLM due-diligence these certificates are meaningless.
Doradus additionally supplies a 30 million euro insurance coverage doc, purportedly from Aviva.
Once more for the aim of MLM due-diligence, whether or not reputable or not, such paperwork are meaningless.
On December twenty seventh, 2022, the Central Financial institution of Russia issued a Doradus pyramid scheme fraud warning.
This, coupled with SimilarWeb monitoring Russia as the highest supply of site visitors to Doradus’ web site, strongly suggests Russians are working Doradus.
As all the time, if an MLM firm just isn’t brazenly upfront about who’s working or owns it, suppose lengthy and exhausting about becoming a member of and/or handing over any cash.
Doradus’ Merchandise
Doradus has no retailable services or products.
Associates are solely capable of market Doradus affiliate membership itself.
Doradus’ Compensation Plan
Doradus associates make investments USD equivalents in DORA tokens. That is executed on the promise of marketed returns:
- Dors – make investments $1 to $199.99 and obtain 1.8% a day for 10 days
- Ogma – make investments $200 to $4999 and obtain 2.13% a day for 30 days
- Regor – make investments $5000 to $29,999 and obtain 3.27% a day for 60 days
- Apollion – make investments $30,000 to $300,000 and obtain 5.87% a day for 100 days
The MLM facet of Doradus pays commissions on recruitment of affiliate traders.
Doradus pays referral commissions by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel workforce, with each personally recruited affiliate positioned immediately below them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel workforce.
If any stage 2 associates recruit new associates, they’re positioned on stage 3 and so forth and so forth down a theoretical infinite variety of ranges.
Doradus caps payable unilevel workforce ranges at eight.
Referral commissions are paid as a share of funds invested throughout these eight ranges based mostly on rank:
- Dors tier associates earn 1% on stage 1 (personally recruited associates), 0.2% on stage 2, 0.15% on stage 3 and 0.1% on stage 4
- Ogma tier associates earn 2.5% on stage 1, 0.5% on stage 2, 0.2% on stage 3, 0.15% on stage 4, 0.1% on stage 5 and 0.05% on stage 6
- Regor tier associates earn 5% on stage 1, 0.7% on stage 2, 0.5% on stage 3, 0.2% on stage 4, 0.15% on stage 5, 0.1% on stage 6, 0.05% on stage 7 and 0.01% on stage 8
- Apollion tier associates earn 8.8% on stage 1, 1% on stage 2, 0.7% on stage 3, 0.5% on stage 4, 0.2% on stage 5, 0.15% on stage 6, 0.1% on stage 7 and 0.05% on stage 8
Becoming a member of Doradus
Doradus affiliate membership is free.
Full participation within the hooked up earnings alternative requires a minimal $1 funding in DORA.
Doradus Conclusion
Doradus is a straightforward Ponzi scheme run via DORA tokens.
All settlements on the Doradus platform happen utilizing the DORA digital foreign money, which in flip is pegged to the worth of the USD.
There’s an current DORA cryptocurrency referred to as Dora Manufacturing facility, but it surely’s not pegged to the USD. This means Doradus has created its personal DORA shitcoin.
In any occasion, the one supply of verifiable income coming into Doradus is new funding. Utilizing new funding to pay day by day returns to associates makes Doradus a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This may starve Doradus of ROI income, ultimately prompting a collapse.
The mathematics behind Ponzi schemes ensures that after they collapse, the vast majority of individuals lose cash.
Beginning on round February twelfth, Doradus traders started reporting withdrawal points.
This means Doradus has collapsed or is on the snapping point.
Complete Doradus sufferer numbers and the way a lot they’ve collectively misplaced stays unknown.
What we do know, because of SimilarWeb site visitors evaluation as of January 2023, is that almost all of Doradus associates have been from Russia (36% of site visitors), Ukraine (8% of site visitors), Kazakhstan (7% of site visitors) and Tunisia (5% of site visitors).
