DeNet fails to offer possession or government data on its web site.
A September 2021 press-release identifies Russian nationals Rafik Singatullin (CEO) and Denis Shelestov (CTO) as DeNet executives.
A Bitcoin WIKI entry cites Singatullin and Shelestov as two of 4 DeNet co-founders; the opposite two being Olga Belonozhko and Pavel Litviakov (aka Paul Litviakov).
As per respective social media profiles, DeNet’s co-founders are primarily based in Dubai, Russia, Singapore and Switzerland:
Observe that whereas he co-founded DeNet, Pavel Litviakov appears to have moved on.
DeNet operates from two recognized web site domains:
- denet.professional – registered in July 2017, personal registration final up to date Could thirty first, 2024
- denet.app – registered April twenty ninth, 2024, personal registration final up to date October tenth, 2025
DeNet doesn’t present a company handle on its web sites. In an official “media package” accessible on DeNet’s web site, it claims to be a “Hong Kong-based Firm with a improvement back-office in Kazan (Russia)”.
Search outcomes counsel DeNet is predicated out of Dubai:
This ties into CEO Rafik Singatullin additionally being primarily based out of Dubai, a due-diligence crimson flag in and of itself.
Because of the proliferation of scams and failure to implement securities fraud regulation, BehindMLM ranks Dubai because the MLM crime capital of the world.
BehindMLM’s tips for Dubai are:
- If somebody lives in Dubai and approaches you about an MLM alternative, they’re attempting to rip-off you.
- If an MLM firm is predicated out of or represents it has ties to Dubai, it’s a rip-off.
If you wish to know particularly how this is applicable to DeNet, learn on for a full overview.
DeNet’s Merchandise
With respect to its MLM alternative, DeNet has no retailable services or products.
Promoters are solely in a position to market DeNet promoter membership itself.
DeNet’s Compensation Plan
DeNet promoters put money into “datakeeper node” positions for $580 every.
To activate a datakeeper node place, a DeNet investor has to grant entry to space for storing on a tool they personal.
A ROI calculator on DeNet’s web site begins at 10 terabytes (TB) of allotted storage paying $4 a day. This scales to $41 a day for 100 TB of allotted storage.
The MLM facet of DeNet pays on datakeeper node funding down three ranges of recruitment (unilevel):
- degree 1 (personally recruited promoters) – 20%
- degree 2 – 5%
- degree 3 – 1%
Observe that datakeeper node returns and MLM commissions are paid in WN, an inner token owned and created by DeNet.
DeNet doesn’t disclose the inner WN worth on its web site.
Becoming a member of DeNet
DeNet promoter membership is free.
Full participation within the connected revenue alternative requires no less than one $580 datakeeper node funding place.
DeNet Conclusion
First, the plain; From a safety standpoint it’s most likely not a good suggestion to allocate terabytes of your storage to Russians in Dubai and different hidey-holes.
DeNet was launched by optimistic youngsters across the peak 2017 crypto hype bubble.
As detailed in a February 2018 analysis report from East-West digital information (pg. 33);
DeNet, a startup co-founded by a 19-year-old programmer and senior trade professionals, goals nothing in need of disrupting the way in which hosting works immediately.
Working from Moscow, Kazan, Minsk and Hong Kong, the corporate plans to offer and lease IT capacities for internet hosting, storing and processing of knowledge all around the world, enabling each Web consumer to
lease personal and safe web-hosting.The preliminary funding within the venture was a mere $10,000, which the founders took out of their very own pockets.
That quantity allowed the startup to arrange workplaces and rent personnel in Could 2017.
One other funding spherical with an undisclosed quantity enabled the startup to speed up R&D and
help its first branding and advertising campaigns.
Like each crypto venture on the time, DeNet held a token ICO.
DNET was an ERC-20 token that launched in late 2018 with a typical pump and dump trajectory.
After DNET got here DE and TBY tokens, which don’t exist exterior of DeNet. On high of DE and TBY there’s additionally PEAQ and WN, the latter of which is used for the MLM funding scheme.
DeNet is a traditional “answer on the lookout for an issue” crypto enterprise. And that’s mirrored within the lack of retail adoption after 9 years.
As of April 2026, SimilarWeb was monitoring simply ~8000 month-to-month visits to DeNet’s main .PRO web site. I’m fairly assured most of that visitors is said to the datakeeper node scheme versus real retail curiosity in file internet hosting.
DeNet started preselling datakeeper node funding positions in April 2025, with performance remaining unclear by June 2026 (however new funding nonetheless solicited).
The issue with DeNet’s datakeeper node scheme is failure to register with monetary regulators. Per the Howey Take a look at, DeNet’s datakeeper node scheme is clearly an funding contract.
Shoppers put money into $580 positions on the promise of passive returns, derived passively by DeNet’s purported decentralized file internet hosting community.
Conceptually WN token withdrawals can be funded by file internet hosting prospects, nevertheless DeNet appears to vow earnings regardless.
However shoppers doing due-diligence don’t have any audited monetary studies to confirm DeNet’s exterior income representations with.
Along with failure to register with monetary regulators, not submitting the audited monetary studies constitutes securities fraud.
There’s additionally no true retail datakeeper node funding choice, that means MLM commissions paid out on these positions is tied pyramid recruitment.
Securities fraud is in fact unlawful and usually in relation to MLM, is indicative of a Ponzi scheme.
If DeNet pays WN token withdrawals with node funding charges, even partially, that might be a Ponzi scheme.
I’m placing a query mark on this as $580 per place at $4 to $41 a day isn’t going to go far.
DeNet additionally presents a “Watcher Node” app, by which WN tokens could be earned by simply operating the app.
I’m inclined to suppose WN token itself is close to nugatory in consequence, however that doesn’t actually matter as DeNet quote USD of their datakeep node ROI calculator.
No matter WN’s inner token worth is, DeNet nonetheless has to pay $4 to $41 a day, until their additionally misrepresenting ROI quantities on their web site.
Both method, crypto normally doesn’t make a lot sense in relation to math anway.
No matter whether or not it’s a Ponzi scheme or not, securities fraud and pyramid recruitment are causes sufficient to keep away from DeNet.
