DGS was established in the year 2010 by a Qater business man named JAMAL HANNY ABUSUHAILA in conjunction wit 9 other business partners all fro UAE
It is an online gold investment platform which emanated from the native gold traditional market
the GOLD SOUK @UAE
It was launched in Nigeria on 15th October 2017 but has been in operations since 2010 @UAE
also u can equally trade in gold in DGS
It was established with d aim to give opportunity worldwide for every person with interest to invest on Gold, providing direct access to the multimillion dollar ancient Dubai Gold Market from the comfort of their rooms
The first type of account is called Basic account. In a basic account you don’t need to refer any1 to earn and u earn 1.5% of wateva u invested into to the company everyday including weekend and cash out ur earnings every 10 days
The second type of account is called Classic account. In a Classic account you earn 2% of whatever u invested in2 the company everyday and cash out ur earnings every 10 days but u need to refer 5 active people under u to upgrade from Basic to Classic account
The third type of account is called Golden account. In a Golden account u earn 2.5% of whatever u invested in to the company everyday and cash out ur earnings every 10 days but u need 10 active referrals to upgrade from classic to Golden
DGS has 3 types of Membership
1. Basic- No Referral, 1.5% daily to INFINITY
2. Classic- Refer minimum 5 people, 2% daily to INFINITY+ 10% Referral Bonus on each
3. Golden- Refer minimum 10people, 2.5% daily to INFINITY + 10% Referral Bonus on each
Your earning count daily but you can only cash out after 10 days if you have up to 1 grm which is #11,000 in ur wallet
1grm of gold is #11,000, u can buy as many as u want
U can leave ur earning till anytime u wish to withdraw
If you are on Golden account, ur investment and gain will be totally back 100% after the 4th cycle. 40days to be precise isn’t that awesome .
1. All your earnings are in gold even ref bonus.
2. Your naira account is credited by the trader or company or merchant that buys your gold. There are many of them aside the company.
3. The company is working on something they call decentralization which include the introduction of bitcoin. This I learnt is happening Jan/Feb. we are hopeful
You don’t earn if you save the gold in your Savings Wallet. The moment you invest them, that when they start yielding the daily earnings for you and it’s to infinity. This means, you can never withdraw your gold but the profit on it
Yes also, DGS debit /ATM card is about to b launched wich can be used to withdraw mony in any part of the world.The DGS app will soon b launched too for easier access into ur respective dashboards. Also features like online shop is abt to unfold were merchants will shop their favorite products/brands using DGS gold to pay. DGS is connecting to Amazon, Alibaba, etc merchants cn shop with DGS gold in these online shops
*HOW DGS WORKS*
With virtual gold one can trade at anywhere in the world irrespective of his/her location – with DGS gold, you can invest in the multimillion dollar ancient Gold market called Dubai Gold Souk, making profit and withdrawing the earning either in physical Gold or in Cash – that’s exactly what DGS online platform does, it’s the “opportunity” – bringing gold to your door steps.
In DGS, a registered member can buy Gold either from traders or from fellow participants (merchants) in the online gold market or even from a friend one knows.
In the hierarchical order of the DGS investors, there is company selling the gold to super-traders who in turn sell to traders and the traders sell to ordinary registered members of DGS, the bench mark price of each DGS gold from company is 27.8 USD.
Traders are ordinary participants who have up to 100 pieces of pure 24 karat DGS gold in their possession, that’s a person who invest up to 2777.8 USD. Traders neither sell gold at $27.8 Naira nor do they buy it at $27.8 – they sell the gold above $27.8 and buy it a bit below $27.8 depending on the market forces.
Having acquired the Gold in saving wallet, the merchant may use the gold either for shopping from DGS shop or invest into the company by moving the soft gold from saving to an investment wallet, where it generates daily profit, withdraw-able after only 10days, this profit rate solely depends on the account type a merchant has with DGS. Below are the account types and their daily earning rate.
The account of a newly registered merchant who has not referred up to five(5) people is called Basic account ( earning 1.5% of one’s total investment daily), once he/she refers up to 5 active people into DGS company his/her account will automatically be upgraded to Classic account, and if the number of referrals is up to 10, then the merchant’s account will be upgraded to Golden account with the highest earning rate as much as 2.5% daily, 25% in just 10 days and 75% monthly.