Diagon (DGN) ICO is a dead Scam!

Diagon.io Rating and Review

Diagon (DGN) ICO Rating and Review! (Last update: Failed)

Business

 Diagon (DGN) ICO is Dead and There is no hope for Diagon.io. Let’s see why?

EtymologyAnalysis
The name Diagon is a neat wordplay on Diagonally.
The word diagonal itself comes from the Latin Diagonalis, which in turn is from Greek diagōnios, meaning 'from angle to angle', a compound of dia meaning through and gōnia meaning angle.
Diagon is a good name. A 6-letter word with easy pronunciation. It does not have many written modes and is easy to remember due to its resemblance to Diagon Alley (referring to the Harry Potter story).
The only problem with this name is the existence of similar businesses (such as DiagonLTD and Diagon Ventures).

Score: 8.5/10

Strengths Weaknesses .
-Good vision
-Profitable business
-The eSports market is growing
-A fascinating and exciting idea
-Youth is the target market
-High ROI (Return on investment) if entering the market
-Three sub-businesses (DiaArena, DiaBet, DiaExchange)
-Unrealistic and out of reach
-No complete framework for PR and marketing detail
-No MVP (Minimum viable product) or Demo
-No need for digital currency (we do not understand why there is a dedicated token)
-It's hard to keep it always on top of the market and reliable.
-This project can be launched as a startup (without the need for Blockchain or digital currency).
-No need for the Smart Contract
TrustworthyProfitableSustainableStereotyped.
NoYesNoNo

Score: 8.5/10

 White Paper (Here) 
StrengthsWeaknessesMulti-Languages
-Complete explanations
-It is understandable
-Quite and clear
-Good graphics and layout
-Attention to all corners of the business
-Complete description of token distribution
-Lack of the team introduce
-Lack of tables and graphs
-Lack of introduction of social media
-little information about the fund allocation
-No mention to the details of the Roadmap
-No background or resume of previous projects
-No MVP (Minimum viable product) or Demo
Yes

Score: 7/10

NameOfficial BusinessType of CompanyCriminal Record
DES DIAGONS ESPORTS LTDVerifiedLimited CompanyNo
Registration NumberRegistration DateCountryContradiction in Info
ΗΕ 40424319/11/2019CyprusYes
Description
Directors used fake names on websites and listing media.
Two managers and founders have left the project.
Currently, team members are not at the registered location and it is not clear where the physical office of the project is.
We did not find any phone numbers from this company.
DES DIAGONS ESPORTS LTD Registration page

Score: 8.5/10

Office TypeMulti-BranchAddressGoogle Map
PhysicalNo"Arch. Makarios III, 59,
ANTONIS MOUYIAS TOWER, Floor 1,
6017, Larnaca, Cyprus"
Not Registered

Score: 7/10

7.9 /10
Average

IT Structure

DomainCreation DateIPOwner
Diagon.io01/07/2019CoordinatedProtected
WhoisUI/UX ScoreWeb HostingResponsive
CheckedGood (3/5)NameCheap, IncYes
DNS RecordsSSL/TLS CertificateConnection StatusSpeed Grade
No ErrorApproved (Cloudflare)Secured59%
Multi-LanguagesServer LocationAbuse & Scam
NoTexas , USANo Report
In the Media
Yahoo FinanceDaily HeraldNAVERProBit Support

Score: 8.5/10

IDStart DateMembersContent Quality
Group12/29/20195.2KNormal (3/5)
EngagementFake MembersScam Report
Medium (3/5)20% - 25%Very Low
Short Description
Achieved an acceptable number of members and high interaction in a short period of time. Diagon currently has three official telegram groups in English, Japanese and Pakistani. The project activity in Telegram is good. But the quality and quantity of content production must increase. In the last two months, the group has had 20% ineffectiveness and we couldn't find any official Channel.

Score: 7/10

IDStart DateFollowersContent Quality
Page08/23/20194.8Kbad (2/5)
EngagementAverage LikesFake MembersScam Report
Medium (8.70%)34025% - 30%Low (4/5)
Description
Activity on Instagram is low and of poor quality. About 30% of the members and interactions are fake and the content is of low quality. Diagon has never officially introduced its Instagram page on other social media. We think they have no plans for that.
Instagram Expose Diagon.io

Score: 5/10

IDStart DateFollowersContent Quality
Channel05/25/20199.4KGood (4/5)
EngagementAverage LikesScam Report
High (4/5)178Very Low (5/5)
Short Description
Diagon has started a good activity on LinkedIn. The quality and quantity of exclusive content and user interaction over 11 months is admirable. The only problem we found with this channel is that they have to reduce the abstract content a bit and increase the educational content and introduction of the project.

Score: 10/10

IDStart DateFollowersContent Quality
Channel08/23/20194KNormal (3/5)
EngagementAverage ClapsFake ClapsScam Report
Medium (3/5)2.5K20%-25%Low (4/5)
Short Description
We see the same rhythm on Medium as other social media in Diagon. Introduced in 2019, very fast progress and maximum members attraction in a short time and also the use of fake members (about 20%) and entering the period of blackout and decline of content from the summer of 2020.

Score: 9.5/10

IDStart DateSubscribersContent Quality
Channel07/28/20198.1KNormal (3/5)
EngagementAverage ViewsFake ViewsScam Report
Low (2/5)3.4K25% - 30%Low (4/5)
Short Description
You can not find anything special on this channel except for a short animation. A total of 5 films, the last one is 6 months ago. The quality of the content is mediocre and we found from the similarity of the words that a large percentage of the comments in the first film are fake. (Out of 340 comments, "Good Project" has been repeated 130 times)
YouTube Expose Diagon.io

Score: 5/10

IDStart DateFollowersContent Quality
Page06/01/201919.2KGood (4/5)
EngagementAverage ActivityFake MembersScam Report
Low (2/5)3.9 Feedback10% - 15%Medium (3/5)
Short Description
Unlike other media, the Diagon Twitter is in good condition and is still alive. Exclusive content and the number of acceptable followers with a low fake rate.
Diagon Twitter Analyse

Score: 7/10

IDStart DateFollowersContent Quality
Page24/07/201920.5KGood (4/5)
EngagementAverage LikesFake MembersScam Report
High (4/5)75% - 10%Low (4/5)
Short Description
Facebook is one of the strongest media outlets of the company and continues to operate. But we have to pay attention to the fact that the level of user interaction (likes, comments) has decreased drastically.

Score: 7/10

IDStart DateMembersContent Quality
User07/30/20193.7KNormal (3/5)
EngagementKarmaFake CommentsScam Report
Medium (3/5)3671% - 5%Low (4/5)
Short Description
The activity on Reddit is good. Although the user interaction rate is low, but the volume of content production and activity of page admin is high.

Score: 8/10

IDStart DateRead TimesComments 
Announcement09/23/2019122750
Content QualityEngagementFake InteractionScam Report
High (4/5)Low (2/5)15% - 20%Medium (3/5)
Short Description
Unfortunately, the situation of BitcoinTalk is not satisfactory. It has been more than 20 days since the last comment and the number of visits has not increased. The beginning of the thread was very good and comprehensive, but as it is clear, the managers do not respond to the user's comments.

Score: 7/10

ID  
Project
Short Description
Des Diagons eSports LTD doesn’t have any public projects on Github

Score: 2/10

7 /10
Average

Technical Structure

Token NameSymbolToken TypePrice 1 DGN
Diagon CoinDGNEthereum$0.20

Score: 7.5/10

Token Allocation Token DistributionTotal Supply
Software Development: 50%
Marketing: 35%
Operational Costs: 15%
Sale: 75%
Company: 15%
Bounty: 5%
Team: 5%
40,000,000 DGN
8,000,000 U$D
Bounty & AirdropLive PriceMarket CapHolders
Yes (Not Successful)$0.0$0.0Low

Score: 7.5/10

ICO (Initial coin offering) details

According to the Roadmap, Diagon (DGN) ICO should have started in September 2019. But it is clear from the token transactions that the team has not achieved this goal. You also have to register on the site to buy tokens, which during this process we noticed a big bug in this section – the registration process is not done and the purchase page is inaccessible- To date, Diagon has not sold well and we think its a scam ICO.

IEO (Initial exchange offering) details

Starting an IEO is a good thing. The first phase of IEO on ProBit.com started on January 20, 2020, and continued until May 23. However, no exact information is available on the number of sales, trading volume, and the number of customers who participated in this IEO.
On the other hand, with a little research on ProBit.com and a review of the past, feedbacks, and activity history, we found that this exchange does not have complex policies and a strict filtering system for listing projects. Although ProBit has a high volume of transactions, it already has a history of listing unreliable projects.

Score: 7/10

7.3 /10
Average

Team

James Momoh (Verified)

James Momoh (Verified)

Co-Founder & Strategics Lead

James Momoh -as the Co-Founder- studied BTech at the University of Technology Minna (Nigeria). His identity is verifiable, but we did not find any digital fingerprints of his work history. James Momoh and his friend Jerry Agbo Onojah (Jeremiah Onojah) are the founders of eColon.io. A digital marketing agency that is no longer active.

Jerry Onojah (Verified)

Jerry Onojah (Verified)

Co-Founder & Product Developer

Jerry Agbo Onojah identity can be verified because of the videos and photos available from him. However, we did not find any successful business background from him. He was the founder of eclone.io that is no longer active.

Zied Chaabane (Verified)

Zied Chaabane (Verified)

Co-Founder & Operations Lead

Zied Chaabane has worked as an entrepreneur and advisor on many projects. But the interesting thing is that on all listing sites, his name is written along with Jeremiah Onojah and James Momoh as the investors and founders of Diaon.io. But if you go to his LinkedIn, you will notice that he has changed the URL address of his page, removed Diagon from the "Resume and Work Experience" section, and he is work on other projects. Do you think this means anything other than "Diagon is not a valid project and I'm not in"?

A R Rana (Unverified)

A R Rana (Unverified)

Head of Customer

Another unknown and unverified name, photo, and identity. Unfortunately, we could not find any reliable information about this person.

Score: 6/10

Jaypee Perdido (Verified)

Jaypee Perdido (Verified)

Marketing Lead

Only eight months worked as a marketing officer. Jaypee Perdido left Diagon 3 months ago. Coinciding with the collapse of the project and the sharp decline in social media activity in April 2020

D. Kharchenko (Unverified)

D. Kharchenko (Unverified)

eSports Strategist

Dmitriy Kharchenko, a Ukrainian Digital marketing expert. Unfortunately, complete information about him is not available. We suggest he complete his profile and portfolio as soon as possible. Having a complete LinkedIn, Facebook, or Instagram profile will help increase customer trust.

Alvis Albie (Unverified)

Alvis Albie (Unverified)

Community Manager

We could not find any reliable data or profiles of Alvis Albie on Instagram, Facebook, ICO listing blogs, and freelancer sites. He claims -LinkedIn- to have worked on more than 41 ICO and Crypto projects, but at the moment he is only working with Diagon as Community Manager, and all previous projects and collaborations have ended after a few months!

V. Krutikova (Unverified)

V. Krutikova (Unverified)

Community Manager

A Belarusian woman named Victoria Krutikova, who has nothing to offer but a LinkedIn account, a photo, and an incomplete profile. We did a lot of searching to find out her resume and background, but all the doors were closed.

Score: 4/10

Arman Hryhorian (Verified)

Arman Hryhorian (Verified)

Blockchain Advisor

An amateur advisor and trader with no interesting portfolio, no digital fingerprint, no job background, and no educational resume. Just a few simple collaborations with some Crypto project and ICOs.

M. Konobevskaya (Verified)

M. Konobevskaya (Verified)

Strategic Advisor

Maryana Konobevskaya's identity is fully verifiable. She active well on LinkedIn, Twitter, and Instagram and colleague with Arman Hryhorian at SalAd Lab and Diagon. She is one of the best in her field.

Hamza Khan (Verified)

Hamza Khan (Verified)

Financial Advisor

One of the best Advisor and experts in Cryptocurrency. Hamza Khan is a celebrity on LinkedIn. His collaboration with the Diagon is definitely a strength. It's just a little weird why no post or introduction of Diagon has been published on LinkedIn or Twitter.

Toyin Oloniteru (Verified)

Toyin Oloniteru (Verified)

Legal Advisor

Toyin Oloniteru is a well-known advisor in Nigeria. He has more than five years of experience in Blockchain, Cryptocurrency, and new tech. You can easily find his speeches in 2018 and 2019 on the Internet.

Score: 7.5/10

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6.2 /10
Average

Diagon (DGN) ICO had a great start and the early phases of the project gave us hope for a great ROI. Diagon’s idea is attractive, new, creative, and profitable. The project was in good condition by early 2020.
It began to collapse in March. Many team members left the project. Some of them even deny cooperating with Diagon ICO and violated their past. Two managers left the project.
We think that some internal problems and lack of long-term planning and financial shortages led to the collapse of this IEO. Activity on social media- unlike before – has fallen sharply. Even listing on ProBit – a new and low exchange rate – could not improve the business situation.
Although Diagon ICO claims to be fixing the bug and restarting the project, for various reasons (including the abandonment of the project by the managers and lack of funding) we are unlikely to see this happen.
Diagon ICO Review is a prime example of a great idea that failed to raise capital in a short period of time and expired within a few months.

Diagon could have been a lucrative project, but it is now classified as a high-risk project. In our opinion, they did not intend to Scam. They just could not achieve their goals and abandoned the project.
We are currently suggesting no investment. Keep an eye on it. If they can get back into the cycle within the next 2 months – with a 10% chance- and come up with a realistic and attractive roadmap for the IEO, the option of multi-stage long-term investment can be considered.

Summary

Diagon eSports LTD
6.8

Business Score

7.9/10

IT Structure Score

7.0/10

Technical Structure Score

7.3/10

Team Score

6.2/10

Success Rate Variance

5.5/10

Positive

  • Creative and new ideas.
  • High potential for viral spread.
  • Powerful social media.
  • The initial version of MVP.
  • A large number of audiences.
  • Strong & clear presentation.

Negative

  • Some bugs in legal info.
  • Non-specialist & unverified team.
  • Some team members left the project.
  • Use fake members & interactions.
  • Decreased activity on social media.
  • Abandon the project by managers.
  • Very poor PR.
  • Failure in ICO.
  • Low token distribution.
  • Non-clear info about IEO.