It seems that Net Leaders will be renamed and relaunched to the market with a new name. This project is known as the ‘MLM side of DasCoin,’ according to Behind MLM that reported the name change. On December 1st, Net Leaders will change and it will be known as Excelz.

The information was announced at an event hosted by DasCoin in Dubai. However, there is no specific reason why the team decided to change the name of their project. Excelz is expected to launch a ‘digital management hub’ for affiliates in December 2018. Another thing that they are planning is also a travel discount portal.

Due to the fact that DasCoin and Net Leaders are under criminal investigation in Poland. Indeed, it was possible to seize $11.6 million dollars that were tied to DasCoin investment using Net Leaders.

Since the beginning of the current year, both websites have experienced a strong decline in the number of users. This could be linked also to the bear market that virtual currencies are currently experiencing. However, during the last months, the number of visitors registered was even less.

Net Leaders started operating as Coin Leaders back in 2016. Users invested in the so-called DasCoin points that were basically a pump and dump scheme for the owners to get rich quick.

The cryptocurrency DASC experienced an increase in price up to 21 cents that were later dumped down to 2.2 cents. Although the name-change could bring a few new investors, it will not change the fact that the company operates in a fraudulent way.

The tactic performed by the company is similar to what other MLM do. They create a new coin for people to trust again in the company. This might not be the case of DasCoin, Net Leaders and now Excelz.

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