Subsequent to the failure of its fourth revival in June, Daxio has revealed plans for a fifth initiative.
Labeled as a “partnership offer,” the recently introduced fifth iteration of Daxio is connected to an “Arctic Coffeehouse” NFT scheme.
A “Arctic Coffeehouse Daxio DAO Partnership Proposal” document shared on Tally on March 12th, describes Arctic Coffeehouse as
a coffeehouse brand originating from Norway, with aspirations to broaden its market presence across the globe.
Arctic Coffeehouse is concentrating on cultivating its brand and leveraging social influence, aiming to achieve international recognition for its offerings.
Two primary domains serve as Arctic Coffeehouse’s online presence:
- “arcticcoffeehouse.com” – initiated in 2020, its private registry information was recently updated on May 24th, 2024.
- “arcticcoffeehouse.no” – registered first in March 2023, private registry refreshed on February 7th, 2024.
According to Wayback Machine’s data, the official website of Arctic Coffeehouse came online sometime in the latter part of March 2024:
The archives of Wayback Machine for the .NO domain of Arctic Coffeehouse also suggest a launch around the same time in March 2024.
Despite its recent online presence, it appears that plans for Arctic Coffeehouse started taking shape in the later stages of 2023:
A conspicuous concern is the concealment of Arctic Coffeehouse’s ownership and management details.
Neither their websites nor the domain registrations divulge any identities, opting instead for privacy protection.
The only provided information mentions “Arctic CoffeeHouse AS is orchestrated from its chief location and manufacturing base in Bergen.”
Contravening securities directives in Norway and multiple jurisdictions globally, Arctic Coffeehouse courts public capital investment:
Such practices would amount to securities misdemeanors due to Arctic Coffeehouse’s negligence to demonstrate regulatory compliance with financial authorities.
The investment appeal of Arctic Coffeehouse centers around NFTs:
Participants are urged to stake 0.5 ETH in exchange for Arctic Coffeehouse NFTs to gain “royalties” passively.
Revenue-based royalties allegedly constitute 10% of Arctic Coffeehouse’s generated income.
Further specifications of Arctic Coffeehouse’s NFT exploitation are detailed on the aforementioned Tally webpage:
Objective of minting 5000 NFTs for 0.5 ETH each
These 5000 NFT proprietors are entitled to a 10% markdown on all products globally, alongside 10% in Royalties from the international Coffee Business.
(Royalty calculations are integrated into the retail price of coffee and other related merchandises.)
In what capacity does Daxio assimilate here?
The Daxio Dao is set to garner 10% of the NFT mint for distribution within the Daxio DAO community.
Ten percent returns from the worldwide Coffee Business are appointed to The Daxio Dao.
SDAX tokens can be expended in the procurement of coffee and ancillary items.
In essence, the strategy brandishes Arctic Coffeehouse as a possible rescue path for holders of depreciated Daxio Ponzi possessions. This bucks heavily on the illegally presented NFT investments (securities fraud) and the prospect of orders for Arctic Coffeehouse commodities.
Concealment of Arctic Coffeehouse’s proprietorship notwithstanding, indications strongly point to Daxio’s principal, Frode Jorgensen (illustrated to the right) as the prime adjudicator.
Jorgensen might be acting solitarily or collaborating with another entity
Recent intelligence places Jorgensen in evasion from aggrieved Daxio contributors. That bulletin surfaced in March 2023, with no substantial discourse following thereafter.