Following the collapse of its fourth reboot final June, Daxio has introduced a fifth reboot.
Offered as a “partnership proposal”, Daxio’s fifth reboot is tied to an “Arctic Coffeehouse” NFT grift.
An “Arctic Coffeehouse Daxio DAO Partnership Proposal”, uploaded to Tally on March twelfth, pitches Arctic Coffeehouse as
a Norwegian espresso model set to broaden enterprise globally.
With a robust concentrate on model constructing and social influencing Arctic Coffeehouse believes the model and its merchandise will likely be well-known world wide.
Arctic Coffeehouse operates from two recognized web site domains:
- “arcticcoffeehouse.com” – first registered in 2020, personal registration final up to date on Might twenty fourth, 2024
- “arcticcoffeehouse.no” – first registered in March 2023, personal registration final up to date on February seventh, 2024
From what Wayback Machine we are able to see Arctic Coffeehouse’s web site solely went stay someday in direction of late March 2024:
Wayback Machine’s archives for Arctic Coffeehouse’s .NO area additionally date again to late March 2024.
Whereas its web site is simply current, planning for Arctic Coffeehouse seems to have begun in late 2023:
A significant purple flag is Arctic Coffeehouse hiding who owns or runs the corporate.
This significant due-diligence info isn’t supplied on Arctic Coffeehouse’s web site. Arctic Coffeehouse’s web site area registrations are additionally personal.
All that’s disclosed is “Arctic CoffeeHouse AS has its head workplace and manufacturing in Bergen.”
In violation of securities legislation in Norway and elsewhere on the earth, Arctic Coffeehouse is soliciting funding from the general public:
This may represent securities fraud by the use of Arctic Coffeehouse failing to supply proof it has registered with monetary regulators.
Arctic Coffeehouse’s funding pitch revolves round NFTs:
Buyers make investments 0.5 ETH into Arctic Coffeehouse NFTs. That is completed on the promise of passive returns paid as “royalties”.
Arctic Coffeehouse’s NFT royalties are purportedly made up of 10% of the corporate’s generated income.
Particular particulars of Arctic Cofeehouse’s NFT grift are offered on the beforehand cited Tally web page:
5000 NFTS to be minted for 0.5 ETH
Advantages of those 5000 NFT holders is 10% Low cost on all merchandise worldwide and 10% Royalties from the Espresso Enterprise worldwide.
(Royalties are calculated into every product sale of espresso and different merchandise bought.)
So the place does Daxio match into this?
The Daxio Dao will obtain 10% of the mint to share with the Daxio DAO.
The Daxio Dao will obtain 10% royalties from the Espresso Enterprise worldwide.
SDAX can be utilized to buy the espresso and different merchandise.
In a nutshell, Arctic Coffeehouse is being touted as a lifeline for Daxio Ponzi bagholders. This hinges on NFT funding (securities fraud) and folks ordering Arctic Coffeehouse merchandise.
Whereas Arctic Coffeehouse doesn’t disclose who owns it, I feel it’s fairly apparent the first suspect is Daxio proprietor Frode Jorgensen (proper).
Jorgensen may very well be working alone however I’m extra inclined to suppose he’s working with a third-party
Final we heard Jorgensen was on the run from Daxio buyers. That was March 2023, after which there haven’t been any substantial updates.