Lion's Share Review. Is it a scam or Is it legit?

 

What is Lion’s Share

According to their website, Lion’s share is a self-operating, 100% decentralized global crowdfunding platform powered by an Ethereum Smart Contract (a code running on blockchain that controls Ethereum and other digital Assets).

Running on Ethereum Smart contract, it is highly questionable, because it looks like another website designed and developed by a website developer.

There are two streams of income: L1 and L2. Both are pyramidal schemes and L1 requires you to refer new investors to Lion’s Share in order to earn money.

The minimum investment to participate in the Lion’s Share’s matrix is 0.04 ether.

How legit is Lion’s Share?

After carefully analyzing the platform, we have a strong conviction it is a Scam

This is why;

      1.     They have no product or services through which they generate income other than a referral system
2.     Promises of returns on investment, making it an Investment service platform but they have no License to operate and it is not regulated, which country does that?
3.     No form of Leadership or Board to hold responsible for any problem that may arise.
4.     Using Investment and Blockchain terms that an average user is not familiar with, so as to sound legal and professional, but no link or endorsement by a reputable firm/company to confirm their claim
5.     Do you know, you could go to Jail for promoting and recruiting people into an illegal investment platform/system?

You need to know that while Lion’s Share is running, there is no money in it, every deposit is redistributed among other members. So, there is nothing that can be withdrawn from a common pool, it relies on fresh deposits coming in. And when they don’t, it all stalls and the newer members lose everything they put in.

Lion’s Share review – the conclusion

Lion’s Share is a scam that is using cryptocurrency instead of FIAT, while lying about its running on a blockchain platform. No income is generated form any product or services, just money gotten from the referral system being distributed among the members, while making the uplines richer, who are the one behind the scheme. It is a Ponzi scam that is going to collapse, it is only a question of time. It may collapse today, tomorrow or in few years’ time. You will lose your money and also harm your integrity after the people you referred also lose their money.

It is worth noting that there are many websites that operate the same way… stay away from all of it, if you don’t want to lose your money.

Be part of Servixme Entrepreneur Community, join thousands of our subscribers today to get daily update! To get more information daily, hit the Subscribe Button. Follow us on Facebook, Twitter and Instagram… Click here to join our WhatsApp community.