Welcome to My Dunamis Mining Review!
Cryptocurrency mining has increased both as a topic and activity as cryptocurrency usage itself has grown rampant over the years. Not to mention, a lot of MLMs are operating on such niches with people and affiliates trying to earn money on these platforms.
The crypto world is a bit complicated especially for those who are new to it. And perhaps, you’ve come to this site searching for basic information about a crypto MLM someone referred to you or you have come across.
Dunamis Mining Review Summary
Name: Dunamis Mining
Founders: Not Disclosed
Product Type: Multi-Level Marketing
Price: $1400 - $4200 For The Investment
Quick Summary: Dunamis is a crypto mining opportunity that comes in multi-level marketing (MLM) business model. The company offers an opportunity to affiliate members to make an investment and earn as it grows in return.
However, in schemes like this where there are no retailable products, the real source of revenue is from investments made by the affiliates, making it more like a Ponzi scheme than a legit networking company.
There are also a lot of red flags in this opportunity that we’ll talk about in this review.
Overall Rating: 1/10
In this post, we’ll talk about a similar program called Dunamis Mining. What makes it different from other crypto opportunities, such as Onyx Lifestyle? Is it legit or another scam? What are its pros and cons?
Find out more in this unbiased Dunamis Mining review!
What Is Dunamis Mining About?
Dunamis is a crypto mining opportunity that is built on a multi-level marketing platform. And just like most MLMs, it offers an affiliate program where you can join and earn money with the opportunity that they offer to anyone that invests.
You invest and earn from the promised ROI.
The Dunamis Mining website domain (“dunamismining.com”) was privately registered on October 26th, 2018 but upon checking this site (as of the moment of this writing), it’s already inaccessible.
Further research revealed “www.dunamisglobaltech.com/” as the new domain but apparently, it’s still in the process of revamping.
There was no disclosed owner or who runs the business but further research reveals the name Jeremie Sowerby as CEO of the company.
Jeremie is based out of Ontario, Canada but it seems that the facilities of Dunamis Mining are located in Arizona, USA namely Temp and Pinetop Arizona.
Also, the company is registered as an LLC in Arizona, which is kind of odd when its CEO is in Canada.
A search of the Arizona Corporation Commission reveals an entry for Dunamis Mining LLC, however, it has been inactive since January 17, 2019.
The stated reason for Dunamis Mining LLC’s inactive status is “incomplete formation”. And outside of a non-active US shell company, Dunamis doesn’t have any registered business operations in the US.
Well, about Jeremie Sowerround. He started his crypto venture back in 2017 as he promoted My Trader Coin.
This My Trader Coin claimed $ 550-day returns through cryptocurrency trading but in reality, it was a Ponzi scheme and eventually collapsed after six months. But before his involvement with such cryptocurrency scams, Sowerby was a Kyani affiliate through Team Fusion.
Dunamis Product Line
Dunamis Mining apparently comes with no physical or retailable products or services but what it truly offers is the Dunamis affiliate membership itself and the opportunity to mine cryptos.
To learn more about Dunamis Mining, you can watch the video below:
Is Dunamis Mining A Scam?
Yes, it is a scam and there are a lot of red flags.
They may claim a promise ROI from investments made but with no physical products and services, income is clearly from the investments made by recruited affiliates and that’s why it’s considered to be a pyramid scheme.
Plus it’s also not registered, so it’s most probably operating illegally!
Is Dunamis Mining A Pyramid Scheme/Ponzi Scheme?
Dunamis Mining has characteristics of a pyramid scheme.
Since there are no physical or retailable products or services offered and what is really sold is the affiliate memberships, recruitment will be the key since most of the income will really come from the pool of investments made by the affiliates.
Sadly, they are covering this truth from the people.
Using newly invested funds to pay existing affiliates a daily ROI makes it a Ponzi scheme. Thus, fraudulent in every way.
Another thing is that they're not registered to sell passive investments, so they are operating illegally!
Pyramid and Ponzi schemes are unsustainable and bound to fail. It’s just a matter of time when companies like this will shut down for good!
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Dunamis Compensation Plan
Basically in this crypto MLM opportunity, these are the main ways that an affiliate can earn with the Dunamis Mining compensation plan:
- ROI Commissions
- Referral Commissions
All returns and commissions in Dunamis Mining are paid out in bitcoin.
Getting Started with ROI Commissions
Investments always come with a Promise ROI and Dunamis Mining affiliates invest funds on the promise of a daily passive return.
- Invest $1400 And Receive A Daily Roi For A Year
- Invest $3200 And Receive A Daily Roi For 3 Years
- Invest $4200 And Receive A Daily Roi For 5 Years
And since it’s a crypto mining MLM, additional electricity fees apply and are also charged after one, three, and six months respectively.
Referral/ Recruitment Commissions - The MLM side of Dunamis Mining pays affiliates who have invested to recruit others who do the same. Dunamis Mining pays recruitment commissions via a unilevel compensation structure.
It caps payable recruitment commissions down four unilevel team levels. Recruitment commissions are paid out as a percentage of funds invested across these four levels as follows:
- Level 1 (Personally Recruited Affiliates) – 15%
- Levels 2 To 4 – 1%
Dunamis Mining pays residual commissions via a binary compensation structure. The investment volume is tallied up on both sides of the binary team. Dunamis Mining affiliates are paid a percentage of funds generated on their weaker binary team side.
How much of a residual commission percentage is paid out is determined by how much a Dunamis Mining affiliate has invested:
- invest $1400 and get paid a 10% residual commission rate
- invest $3200 and get paid a 12% residual commission rate
- invest $4200 and get paid a 15% residual commission rate
However, there’s no note as to how these commissions are paid out (daily, weekly, or monthly?)
Being an MLM, Dunamis also comes in Affiliate Ranks: (Along with their respective qualification criteria)
- Affiliate – Sign up as a Dunamis Mining affiliate and invest
- Prospector – Generate 10,000 GV(Group Volume) in downline investment volume
- Bronze – Generate 25,000 GV in downline investment volume
- Silver – Generate 50,000 GV in downline investment volume
- Gold – Generate 100,000 GV in downline investment volume
- Platinum – Generate 200,000 GV in downline investment volume
- Titanium – Generate 300,000 GV in downline investment volume
- Executive – Generate 500,000 GV in downline investment volume
- Director – Generate 1,000,000 GV in downline investment volume
- Vice President – Generate 2,500,000 GV in downline investment volume
- Senior Vice President – Generate 5,000,000 GV in downline investment volume
- Chairman – Invest 10,000,000 GV in downline investment volume
Rank Achievement Bonuses - Starting from the Prospector rank, Dunamis Mining affiliates receive the following Rank Achievement Bonuses upon qualification;
- Qualify As A Prospector = $500
- Qualify As A Bronze = $750
- Qualify As A Silver = $1250
- Qualify As A Gold = A “Semi-annual All Expenses Paid Dream Trip In The Continental Us”
- Qualify As A Platinum = $5000
- Qualify As A Titanium = $5000 (Not A Typo)
- Qualify As An Executive = A “One Time All Expenses Paid Island Destination Luxury Vacation”
- Qualify As A Director = A “New Tesla Model 3 Luxury Vehicle”
- Qualify As A Vice President = A “New Tesla Model S Luxury Vehicle”
- Qualify As A Senior Vice President = A “New Lincoln Navigator (Black Label Edition)”
- Qualify As A Chairman = A “New Bentley Continental GT (W12 Engine)
Matching Bonus - Earned from affilites personally sponsored members that invested. With this, affiliates are paid a 5% Matching Bonus on total earnings paid to personally recruited affiliates.
How Much To Join Dunamis?
To be part of this Crypto MLM opportunity Dunamis Mining offers and for you to avail of its compensation plan, one should choose from the following investment levels:
The difference between the 3 packages is the income potential that Dunamis offers through the compensation plan. Basically in this kind of investment scheme, the more you invest, the higher the income potential is.
The thought of passively earning from investments made is indeed appealing but always be cautious in such schemes. Dunamis may also come with a promising ROI but with all of those red flags, there is really nothing to like about what it is or to what it can offer. It’s a scam. So don’t be fooled!
CEO’s Scam Involvement
There was no disclosed owner of Dunamis and this alone can be a red flag. There was a name cited as CEO by the affiliates and he was Jeremie Sowerround who apparently was affiliated with My Trader Coin, which was a proven crypto scam. Would you really trust this kind of program?
Unregistered Crypto Mlm
Dunamis Mining or Jeremie Sowerby is not registered with the SEC (Securities Exchange Commission) and by not registering, it simply means Dunamis Mining, Sowerby, and promoters of the scheme are committing securities fraud. It runs illegally! And if you’re part of this company, you’ll also get in trouble.
Ponzi Scheme In Disguise
The old domain is not accessible while the current domain is still in the process of revamping. I don’t know when they are coming back or are they really coming back? Probably, they’ve already scammed people and now are in hiding taking all of the money.
It’s not surprising though since it has a telltale of a Ponzi scheme.
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I can’t see much information about Dunamis Training since the website is currently inaccessible as it is still in the process of overhauling. But probably just like most crypto MLM opportunities, joining as an affiliate, you’ll have access to their back office and necessary tools and materials.
With all the red flags and disadvantages that come with this opportunity, I am definitely NOT recommending anyone to Dunamis Mining.
It’s clearly a Ponzi scheme disguised as an MLM company. It has no products and the only way to make money is by recruiting people to join the platform. When the recruitment stops, what do you think will happen next?
It’s unstable so it’s either going to end abruptly or will face a lawsuit that might involve all its members. It’s not worth the risk so as early as now, don’t even think about signing up.
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I hope our Dunamis Mining review has answered your questions. If you have concerns or comments, please feel free to drop it below.