What is Dreams Digger?
Cryptocurrency programs are one of the fastest-growing industries online, mainly because they can scam innocent people very easily. Don’t get me wrong, not all cryptocurrency MLM businesses are Ponzi schemes, but the majority of them are, which makes it increasingly difficult to distinguish between a legitimate program and a dud.
To date, I’ve not reviewed a single cryptocurrency MLM company that offers a genuine and profitable opportunity. Who knows, maybe one will come along very soon.
In today’s review, I’ll be checking an income opportunity from a product named Dreams Digger and whether you can build a full-time revenue stream around this program.
The fact that you’ve taken a moment to scrutinize this product before signing up should be applauded. You’ve done yourself a huge favour. Your due diligence will save you from potentially wasting your time and money.
A good bit of research always goes a long way in the fight against online scams. Creating a sustainable full-time online business is not difficult. You just need to know where to look.
Before we proceed I’d like to let you know that I’m not linked to Dreams Diggers in any sort of way and I’m not trying to sell you this product.
Instead, I’d like to uncover whether this program is as lucrative as it suggests…
Dreams Digger Product Review
- Product Name: Dreams Digger
- Founder: Leonardo Araujo
- Product Type: Cryptocurrency MLM
- Price: $10 per year + various investment packages
- Best For: NO ONE!
Dreams Digger Product Summary
Dreams Digger is an investment platform that specializes in cryptocurrency in the MLM sector, however, there are a lot of features inside this program that I’m not comfortable with. There’s a high likelihood that Dreams Digger is a Ponzi scheme as its primary income steam centres around recruiting other members. The company is also being looked into for fraud by the Brazilian SEC.
Product Rating: 1/100
Would I Recommend This Product: Definitely Not!
Dreams Digger Explained
Dreams Digger offers members the opportunity to join their MLM program and make money from cryptocurrency. The company is located in Salvador, Brazil. The Company’s CEO and owner is named Leonardo Araujo.
I could not find any information on the website about Leonardo’s background or previous work experience. An online search came back with Leonardo Araujo with network marketing experience that dates back to 2015, however, this looks like a different person.
Another search of the company’s WHOIS details shows that the website was created in January 2018 and privately registered in Scottsdale, Arizona.
A fairly new website and a lack of information about the owner raises my concern about this program, nonetheless, I’ll push ahead and look into the product range.
Dreams Digger Products
Thankfully Dreams Digger actually has a product to promote which is named NEXT. It’s refreshing to see a cryptocurrency scheme with an actual product to sell. NEXT is the company’s exclusive trading bot that invests funds on behalf of members and returns profits.
According to Dreams Digger’s marketing, the NEXT bot can give you ‘insight into the incredible cryptocurrency market’ and allows you to become a master in this industry.
To be frank, the above statements are just a bunch of hype to get you excited.
Does Dreams Digger Work?
The NEXT bot is designed for Arbitrage Trading i.e. it performs a series of automated actions across various exchanges in the market and focuses on buying and selling stocks at lower prices.
Arbitrage Trading a genuine type of trading which is common with short-term traders. However, there’s no evidence that Dreams Digger is genuinely placing these type of trades. The company is not authorized by the Brazilian SEC to handle these sort of investments.
What does that mean for existing and potential investors (like you)? The reality is that the only income stream that the company relies on is the money from fresh recruits. The injection of money from new members is used to pay existing members at the top tiers, namely the senior managers. Therefore, it’s a Ponzi scheme.
The company is not registered with the SEC in Brazil or any other country to perform investment or trading activities. Companies that are approved by the SEC will highlight any of the details listed below to demonstrate that they are approved to perform financial transactions-
- Their SEC registration number and other supporting information so that members can verify this information on the relevant official SEC site.
- Registration details of any other relevant financial regulators that oversee trading or investment activities.
- A list of registered and licensed brokers and traders that the company works with along with any certification details from the SEC or financial regulators.
Dreams Digger provides none of the above which means they could be shut down for securities fraud and also get you in trouble by the authorities if you were to promote their products.
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How To Profit with Dreams Digger
The program offers a single method to earn money, and that’s from commissions made through recruiting other members. You’re not actually accruing any profits from your investments.
Getting Started with Dreams Digger
Dreams Digger offers 2 services that members can access. If you want to sign up for NEXT, there’s a yearly subscription fee of $10 to take up the retail offering. You don’t get a subscription discount as a member.
You can also sign up for the affiliate membership packs to (supposedly) generate profits.
- Pro Pack: the yearly fee for this is $149
- Enterprise Pack: the yearly fee for this is $249
The business model for Dreams Digger is similar to any other Ponzi scheme i.e. you are promised higher profits if you invest more money.
Dreams Diggers Compensation Plan
The company’s compensation plan is deliberately designed to baffle newcomers so that they join without asking too many questions.
If you buy the membership pack, you can supposedly profit from the commissions shown below:
NEXT Affiliate Commissions
You can make money each time someone buys a NEXT subscription through you. Commissions are also awarded if you recruit more members onto this product.
Commissions From Retail
You’re awarded commissions if people pay for the trading bot through your promotions. You’re given 10% of each person’s investment.
Commissions From Your Recruits
The company will also give you 10% of the membership money that your recruits pay, together with the 10% commission that those members invest for the trading bot.
Residual Commissions
Dreams Digger uses a binary structure to calculate and compensate your residual commissions. Members are positioned to your left and right side, utilizing a maximum of two positions at each level. When your members get more recruits, they’re subsequently positioned on the left and right of those members to created a second level.
Additional levels will divide the positions as they go further down, with the lower levels having double the number of positions than the last one.
Dreams Digger Exposed!
1). Fraudulent Activities
The Brazilian authorities have investigated the company for fraud! If you review this document it will show you that Dreams Digger has siphoned millions worth of investments.
I’ll also remind you that the company is not authorized by the Brazilian financial regulators to handle trades or investments.
2). Members Have Received ZERO Payments
Dreams Digger’s members have been waiting for payments since December 2019. The company has held onto around USD $1.1 Million of money owed to members.
In January 2020, the company’s owner Leonardo Araujo stated that the business had folded.
3). Rebranded To Another Name
Dream Digger appears to have been rebranded to another product named E-Volve. The company’s founder is named Simoni Volpe. E-Volve started getting promoted immediately after Dreams Digger was dissolved, which happened in March 2020.
There’s no information about Simoni’s background which could mean that he is a fictitious character fronting the business.
Sadly, companies like Dreams Digger will continue to thrive simply because they make too much money from Ponzi schemes. They might get taken down but they always come back.
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Advantages of Dreams Digger?
Dreams Diggers comes with absolutely zero benefits. This company is another Ponzi scheme that’s not worth your time and most importantly, your hard-earned money.
Is Dreams Digger a Scam or a Genuine Business?
This product is a sham. Multiple sources have stated that the company was dissolved back in March 2020. The owner criticizes the bad designers of the NEXT bot for the company shutting down, but the true reasons for its failure are:
- Too much reliance on recruitment as its primary source of revenue. Therefore, as soon as the recruitment slowed down to a halt, the revenue would have disappeared. As a result, the company folded and members didn’t get their money.
- The authorities are investigating this company for fraud, would you honestly want to deal with this business?
As far as we know, Dreams Digger has rebranded and found another spokesperson to represent them. It all looks very suspicious and my recommendation is to avoid investing your money with Dreams Digger, E-Volve or any of its associates.
How Do I Use The Internet to Make a Full-Time Salary?
I’m not a big fan of get-rich-quick schemes or Cryptocurrency MLM programs, let’s just say that I’ve been caught short a few times.
Instead, an Amazon FBA Business is my leading recommendation for people that want to build a thriving full-time online business working from home.
Here are my reasons why…
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An Amazon FBA business can help you to…
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