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Lira Coin Club Review: Is Lira Coin a Scam?

Lira Coin Club Review: Is Lira Coin a Scam?

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Lira Coin Club is yet another crypto MLM that has popped up recently. The official domain for this company is liracoin.club. It was registered anonymously in August 2017 and updated in August of 2018. The company allegedly offers cryptocurrency trading services.

Moreover, they are claiming to provide cryptocurrency mining services. They claim to use an algorithm called POW/POS to perform the mining operations. However, no evidence supports this claim.

The firm is promising to make you rich even from an initial investment as little as $100. Many companies will promise you this. Unfortunately, most of them end up being fake, and this is yet another company that is not offering you anything and is only after your money.

A look at this company’s website, and you might be convinced that they are legitimate. This is why thorough research is needed before you decide to invest in a company. You will find out that most of these companies promising a get rich quick scheme are fake.

Our advice is that you only invest in the best cryptocurrency trading companies that have been tried and tested. These companies will provide you with the best environment to safeguard and grow your funds.

Lira Coin Club Review

Lira Coin Club offers investors the opportunity to make money by trading in cryptocurrency. The company says they are your road map to the life you have always wanted.

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Lira Coin Club Review, Liracoin.club Platform

Additionally, the company allows people to make money from buying their tokens, LIC. The company promises a return over time, depending on the amount of investment made.

The owners of this company are operating in full secrecy. There is no detail on who is running this operation or where they are located.

Moreover, there is no detail of any goods or services offered by this company. Every firm that adopts an MLM structure has to provide a product or service to be considered legal.

Any company that operates in this manner cannot be trusted to safeguard clients’ funds. They are hiding critical information from investors, which is a huge red flag.

Lira Coin Club Compensation Plan

Once you invest in Lira Coin Club, you become the owner of several Lira coin tokens depending on the investment made. You then lend the coins back to the company for a monthly ROI. The ROI compensation model takes the following form.

In the first year, you get a 3% monthly ROI for the first 180 days. From day 181 to 360 of the first year, you receive a 2.5% monthly ROI.

In the second year, from 0 to 180 days, you receive a 1.5% ROI per month. You then receive a 1% ROI per month for the rest of the year.

For the third year, you receive a 0.75% ROI per month for the first 180 days. You then receive a 0.5 % ROI per month for the rest of the moth.

In the fourth year, you receive a 0.4 % monthly ROI for the first 180 days. You then receive a 0.3% monthly ROI for the remainder of the third year.

From the fifth year onward, you receive a 0.25% ROI.

Lira Coin Club Mining Services

Lira Coin Club claims to offer cryptocurrency mining services, and it encourages investors to invest anywhere between $100 and $10,800. The compensation model is as follows.

You have to invest $100 to receive $216 returns in 360 days from a Miner position. For a B-Miner position, you have to invest $300 to accept a return of $702 in 360 days.

The S-miner position requires an investment of $1200 or a return of $3024 in 360 days. The M-Miner position earns you a return of $9461 in 360 days from an investment of $3600.

The G-Miner position, on the other hand, earns you a return of $19,440 in 360 days from a $7200 investment.

Finally, the T-Miner position earns you a return of $31,104 in 360 days from a $10,800 investment. The company also pays 5% returns on personally recruited affiliates.

However, we have to point out that the company does not reveal the mining software and hardware they use in mining.

Moreover, cryptocurrency mining difficulty increases each day, making it hard to plan for profits. Therefore, there is no way this company should be promising you a year’s worth of returns.

Residual Compensation

Lira Coin Club adopts a uni-level residual commission plan. When a level 1 affiliate recruits a new member, they are placed on level 2 directly under him/her. This model is maintained for the other levels below.

If you make an investment at the Miner tier and recruit at least two mining investors, you will receive a 15% commission on level 1.

When you make an investment at the Miner tier and recruit at least three mining investors, you will receive a 15% commission on level 1 as well as 10% on level 2.

If you make an investment at the Miner tier and recruit at least four mining investors, you will receive a 15% commission on level 10% on level 2 and 5% on level 3.

When you make an investment at the B-Miner tier and recruit at least five mining investors, you will receive a 15% commission on level 1, 10% on level 2, and 5% on levels 3 to 5.

If you make an investment at the S-Miner tier and recruit at least five mining investors, you will receive a 15% commission on level 1, 10% on level 2, 5% on levels 3 to 7, and 2% on level 8.

When you make an investment at the G-Miner tier and recruit at least five mining investors, you will receive a 15% commission on level 1, 10% on level 2, 5% on levels 3 to 7, 2% on level 8, and 1% on levels 9 to 10.

If you make an investment at the M-Miner tier and recruit at least five mining investors, you will receive a 15% commission on level 1, 10% on level 2, 5% on levels 3 to 7, 2% on level 8, and 1% on levels 9 to 11.

When you make an investment at the T-Miner tier and recruit at least five mining investors, you will receive a 15% commission on level 1, 10% on level 2, 5% on levels 3 to 7, 2% on level 8, and 1% on levels 9 to 12.

This company’s compensation models are quite complicated. Moreover, clients have to sell Lira Coin tokens back to the company to make a withdrawal. Sadly, the company does not reveal the price they repurchase the coins at.

Final Verdict

This MLM company has no products or services they are offering. Moreover, there is no evidence they are trading or mining any cryptocurrency, and this means that this company is operating illegally under the rule of law. Furthermore, the owners of the Lira Coin Club are unknown.

The only thing that this company is offering is an affiliate program. We suspect this is yet another Ponzi scheme.

Save yourself some trouble and avoid this company like the plague. Invest only in the best cryptocurrency trading companies that have proven to work for an extended time.

 

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