Lira Coin Club Review: Traditional Ponzi Scheme

Lira Coin Club has no products or services that can be retailed. Hence, making the entire ROI dependable on the recruitment. Nothing more than a traditional Ponzi Scheme.
Lira Coin Club Review: Traditional Ponzi Scheme
1 (20%) 7 vote[s]

Lira Coin Club does not provide any leads about the owner of the company through their website. There is no name regarding those who are operating the company either. As I write this, I could not find anything more than a login form when trying to check the website of the company. The domain (liracoin.club) was registered in August 2017 and the details were updated on 12th August 2018 using private information.

Regarding the products and services, there is nothing apart from the Lira Coin Club affiliate program that the affiliates are able to promote. One can join the membership for free. However, to enjoy the complete participation benefits, one must invest somewhere between $100 to $10,800. There are additional investment costs attached to the LIC tokens, however, not disclosed so far.

I believe that companies not ready to disclose crucial information to its affiliates must not be trusted. And, Lira Coin Club is no different.

Lira Coin Club – The Compensation Plan

The affiliates are lured to invest in the company’s LIC tokens. After these tokens are credited to the affiliate’s account, they lend it back to the company for receiving advertised ROI as below:

  • First year: Calculated from 0 to 180 days and affiliates receive 3% monthly ROI
  • First year: Calculated from 181 to 360 days and affiliates receive 2.5% monthly ROI
  • Second year: Calculated from 0 to 180 days and affiliates receive 1.5% monthly ROI
  • Second year: Calculated from 181 to 360 days and affiliates receive 1% monthly ROI
  • Third year: Calculated from 0 to 180 days and affiliates receive 0.75% monthly ROI
  • Third year: Calculated from 181 to 360 days and affiliates receive 0.5% monthly ROI
  • Fourth year: Calculated from 0 to 180 days and affiliates receive 0.4% monthly ROI
  • Fourth year: Calculated from 181 to 360 days and affiliates receive 0.3% monthly ROI
  • Fifth year onward: Affiliates receive 0.25% monthly ROI

This is what it appears on the Lira’s compensation plan and there is no mention of 5 other days that happen to be included every year. An affiliate can opt to withdraw the membership by selling all the tokens back to the company. The tokens start price was $1. However, the current price is unknwon.

Lira Coin Club – Mining Returns

The company persuades affiliates to invest anywhere between $100 to $10,800 for receiving annual returns as follow:

  • Miner: One must invest $100 for receiving $216 return over 360 days
  • B-Miner: One must invest $300 for receiving $702 return over 360 days
  • S-Miner: One must invest $1200 for receiving $3024 return over 360 days
  • M-Miner: One must invest $3600 for receiving $9461 return over 360 days
  • G-Miner: One must invest $7200 for receiving $19,440 return over 360 days
  • T-Miner: One must invest $10,800 for receiving $31,104 return over 360 days

The company also pays 5% returns on the personally recruited affiliates.

Lira Coin Club – The Residual Commission

The company uses uni-level compensation plan to pay residual commission to its affiliates. In a uni-level plan, an affiliate is placed on the top. The ones recruited personally are placed directly under the one who recruited them.

For example, affiliates recruited by top affiliate are placed on level 1. The ones recruited by the level 1 affiliates are placed on level 2 and so on.

  • Plan 1: One must make investment at the Miner tier. In addition, one must recruit at least two mining returns investors to receive 15% on level 1
  • Plan 2: One must make investment at the Miner tier. In addition, one must recruit at least three mining returns investors to receive 15% on level 1 as well as 10% on level 2
  • Plan 3: One must make investment at the Mining tier. In addition, one must recruit at least four mining returns investors to receive 15% on level 1, 10% on level 2 as well as 5% on level 3
  • Plan 4: One must make investment at the B-Miner tier as well as recruit a minimum of five mining returns investors for receiving 15% on level 1, 10% on level 2 as well as 5% on levels 3 to 5
  • Plan 5: One must make investment at the S-Miner tier as well as recruit and maintain a minimum of five mining returns investors for receiving 15% on level 1, 10% on level 2, 5% on levels 3 to 7 and 2% on level 8
  • Plan 6: One must make investment at the G-Miner tier. In addition, recruit and maintain a minimum of five mining returns investors for receiving 15% on level 1, 10% on level 2, 5% on levels 3 to 7, 2% on level 8 and 1% on levels 9 and 10
  • Plan 7: One must make investment at the M-Miner tier as well as recruit and maintain a minimum of five mining returns investors for receiving 15% on level 1, 10% on level 2, 5% on levels 3 to 7, 2% on level 8 and 1% on levels 9 till 11
  • Plan 8: One must make investment at the T-Miner tier. In addition, one must recruit and maintain a minimum of five mining returns investors for receiving 15% on level 1, 10% on level 2, 5% on levels 3 to 7, 2% on level 8 and 1% on levels 9 to 12

Lira Coin Club – The Reviews

Max: Worthless investment. Fraud.

Dona Y: I got screwed up after investing in this. Got no profit so far. Do not recommend.

The Conclusion from the above Reviews

It is very clear that the company is trying to lure affiliates for investing in their worthless token which has no value outside the company’s ecosystem.

The Verdict

This is no different from the lending models attached with the Ponzi scheme. Only that the company is using staking to refer to lending. Once the recruitment will dry, the ROI will stop. The anonymous admins and those invested at the early stage of the membership plan would make all the profit. Majority of the affiliates will lose money in the hands of these scammers.

I would suggest not to be a part of such association which will not only harm you but all those whom you would convince to be a part of this company’s membership plan.

 

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