Lionsshare.io Review: This review exposes reasons why Lion’s Share Ethereum is a shitty smart contract platform.
It claims it is an innovative smart contract that uses Ethereum Blockchain technology to create earning opportunities for all and sundry.
However, there is more to what meets the eyes about this platform. As a result of our concern for your financial safety, we decided to run an in-depth investigation about this so called peer to peer matrix.
How Does LionShare Work- Is Your Funds Safe?
This should be the first question you should ask before thinking of registering in any investment platform. What are they using my funds for? How are they able to get the profits they’re promising?
We found the answer to this question on Lionsshare.io Home page, however their response could be quite confusing. This is because, majority of us do not understand the terms been used.
Forget whatever big grammar they’re using on the platform. Lion’s Share is simply a Peer to Peer Matrix, or better still a new age type of pyramid scheme, a ‘Ponzi’.
How it works is this; It sells unregistered securities to the public, with no accountability or real products whatsoever. The way this platform generates money is in their L1 and L2 program by inviting new people or having your downlines invite new people.
In case you don’t know; It is illegal to make money simply by recruiting others with no sales of real products or registered securities. For every person it “helps”, there are 100 others who will suffer later.
They might tell you “No one is running away with our money!” WRONG – Someone is very much running away with your money. Y Just because you don’t see exactly who and how they are running away with your money does not mean it isn’t happening. They set themselves, and their friends, up at the top before they “participate like everyone else”. You only see what they want you to see and your own greed blinds you from whats really going on!
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Why Lionsshare.io Is Not Worth Your Time
Below are reasons why Lion’s Share is not a trustworthy platform.
After a thorough background search on who the owner/owners of this platform is, we came up with absolutely nothing. This alone is an indication that the people behind this online store don’t have genuine intentions. If they do, they wouldn’t be hiding their details from whois.
On their homepage they claim that no Admin is involved, that everything is done automatically. However, this is a fat lie. It is complete crap as someone obviously set up the company’s website and runs and profits from it.
Because this platform is a Ponzi you can’t predict what their next move would be. They might decide to shut down their platform today, leaving your money trapped. That being said, your money is always at risk with HYIP’s like this.
There are No Watch Dogs Watching Over This Platform
Though some of these platforms might provide a registration certificate and so-called evidence of payments, don’t be deceived, anybody could get a sham address and certificate most especially from the Company House in UK which most of them use, for just £5. In the real sense, they are not regulated. No Financial Body approves their services.
Final Thoughts On Lion’s Share
Lionsshare.io is quite similar to Forsage. You can only earn by recruiting people, and having your downliners recruit people. However, the truth about platforms like this is that one day it would cease to exist, and your Ethereum would be gone!
All you have to do is look at BitConnect whose members thought that would never end. They stole $2.4 BILLION. Or PlusToken, the Chinese scam that stole $3 BILLION. The exact same thing is going on with this one! This is going to end very badly as well for most people, unfortunately.
If you want to invest in cryptocurrency, simply buy ETH, Bitcoin or any altcoins and save in your wallet. It will be useful for your future.
- Wendy is a fraud fighter whose contents mainly target online scams. Her investigations have appeared on Itisreviewed,and elsewhere. She spends her free time reading novels, binging on Netflix, and listening to hip-hop.
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