DAO1 – Unregistered financial service provider, promotion of high-risk products

The FMA has been made aware of online webinars promoting the launch of DAO1 and its associated products. DAO1 is not registered on the Financial Service Providers Register to provide financial services or products in New Zealand.

DAO1 claims that investors will receive passive returns which are generated through automatic trading, mining bots and recruitment of additional investors. The FMA wishes to advise investors that trading in any form of cryptocurrency investment carries significant financial risks and to be cautious of anyone claiming that a particular product or technique can give you access to better returns or easy money.

DAO1’s marketing material also displays unsubstantiated and unrealistically high returns for its investment products, which are unlikely to be achievable by most investors.

We recommend caution when dealing with DAO1 or anyone promoting its products or services. Unless you have extensive experience in investing, we recommend you seek advice from a licensed financial adviser before making significant investment decisions.

See other unregistered business warnings:

-          Auratus 

-          Fredtrading 

-          Better Experience 

-          GS Partners 

 Websites:  DAO1.ai, DAO1.info & apertum.io