Welcome and thanks for stopping by to read my Lecun Wallet Review!
Cryptocurrency really started to take over the latter part of 2017 when bitcoin went to 20k and the biz ops came along for the ride.
These mobile apps seem to be the latest craze and Lecun Wallet is gatherings some traction in the market place.
So today I’ll be looking at the Lecun mobile app, product (if one exists) and their compensation plan.
Ready to get started… Let’s Go!
Lecun Wallet Review
At first glance and after going through the “lecunwalletinfo.com” website I could not seem to find who owns or operates the company.
This is very typical in the MLM Crypto ROI space because most if not all of the companies are a Ponzi when all is said and done.
If you were running a Ponzi would you want the world to know your name, where you live and put yourself in jeopardy with the law?
Of course not and I’m sure that’s exactly why these companies stay way under the radar.
I’m not suggesting you get involved with a Ponzi at all but I do want you to understand how such companies operate.
I’m still searching every day to find that one company that’s legit and offers value to the marketplace.
One thing I can tell you for sure is that the website was registered on June 25th, 2019.
That is just over a month ago.
Lecun Wallet Location
Could this be the owner of Lecun Wallet?
After watching Lecun marketing videos they seem to be operating out of Asia.
They also claim that the Lecun Wallet marketing materials is located and operated out of Thailand.
As you can see they have a South Korean office which is actually a really nice office.
Because of the language barrier I can’t read what it says on the wall.
Maybe they are just walking into some random office?
Probably not but in any case I’m guessing it’s rented office space and expensive one at that.
We still have a lot to go through so lets not jump to conclusions and call out scam just yet.
Lecun Wallet Marketing Materials?
It’s interesting that they mention being associated with JD Exchange, Lefumei, Mastercard (prepaid card), Singapore EM, SCL Companies.
I’m not too familiar with these other companies but Mastercard most of us know.
I want you to understand that Mastercard as a company has nothing to do with Lecun Wallet.
They make such claims but what we do not how is who the merchant is.
I had someone confirm they are speaking Chinese in the video so it’s most likely Lecun Wallet is operating out of a Chinese speaking country.
Lecun Wallet’s Products – Do They Exist?
There are no retailable products or services.
As you affiliate you can promote the Lecun Wallet members itself where people will invest.
Pretty much says it all on website:
Lecun’s Compensation Plan
Members invest in the NBY tokens where they will earn a monthly return for using the wallet.
Lecun pays back members with NBY tokens which can then be converted back into USD via Lucan’s wallet.
If a member decides to withdraw USD before the maturity period completes they are charged a 5% fee.
Members are only charged 1% if they hold throughout the entire maturity period.
Lecun Wallet Referral Commissions
As you can see in the diagram above You are placed on your sponsors first level.
You are allowed to sponsor as many people as you like first level.
That is called “going wide” which many companies suggest if they are running with a unilevel structure.
As you can see about most people won’t sponsor anyone.
Those are usually customers or people that just never really do anything and eventually quit.
Then a small percentage of people will bring in a couple or a few people which is common.
Unless you are a seasoned MLM vet with connections it takes time before you can find that one person who goes out and builds a big team.
It’s absolutely possible to find leaders when building an MLM position but it’s not something that happens overnight.
Most times if you are building an MLM and are relatively new to business it will take months even years to learn the necessary skills and build relationships to build a big business.
Crypto MLM ROI are very unique because new people with zero connections can get in and start making money just by investing some money.
Whether they sponsor anyone or not they will make that daily ROI just because they joined as an affiliate and gave that company some money or crypto.
That is where the problem lies and almost always suggests a classic Ponzi.
Here is the Lecun breakdown:
Rate increase if rank based criteria is met:
Lecun Wallet Plan and Video Tutorials
Everything is fully laid out on their website.
If you go the “Our Plan” tab it’s explain and they also have video tutorials how to put everything together.
Lecun has definitely taken their notes from the crypto mobile apps that have come before them and making this turnkey.
Joining Lecun Wallet – Cost?
It’s actually 100% free to join and setup your Lecun Wallet.
However if you want to participate in the income opportunity you must invest a minimum of $500 in NBY tokens.
Lecun Wallet Conclusion – Legit or Scam?
Today I’m going to give you my honest opinion about the Lecun Wallet mobile app.
I do have some I guess good things to say but that does not imply this is legit or something I endorse because I do not.
Lets start with the good shall we?
For one there website is really nice and easy to follow along.
They actually did a great job making it simple for people to get started.
Seems as if they have looked at companies like Plus Token, Wotoken and Cloud Token and fixed them up a bit.
When Plus Token was new and I’d never seen a crypto mobile app wallet I decided to join because the idea sounded great.
Crypto is relatively new and I’m always joining and testing new products and services.
For me Plus Token made sense being 100% mobile.
I liked the fact I could also store crypto on a mobile app, monetize and make a bit on the backend.
Passive money is always nice however I didn’t fully understand how it all worked.
It was really cool seeing my crypto grow then all of a sudden a few short weeks later they pulled out of the USA and gave me a deadline to pull out my crypto or lose it.
Of course they took their withdrawal fee and when all was said and done I actually lost money but again that’s the risk with these type of things.
I also realized when all this happened the fees associated with moving crypto around was not practical.
Just another way for these sort of companies to get more money and push for as long as possible.
I didn’t lose much but I did lose.
This Is Reality
If I was able to hold my crypto there it would of gave me a profit over time.
However two things always in the back of my mind.
- Will this company stay in business
- Will they pull out of the USA
The risk factor is very high for sure.
Now for the bad.
Lecun claims they are generating income through an automated trading bot.
Ok so where is the proof?
I went through the entire website and searched across the net and I could not find any evidence of this.
Also from what I understand to be true it’s clearly illegal to offer a passive income opportunity without being registered to offer securities.
This has been a huge problem with promoting anything like Lecun in the USA and many companies have been shut down in the past.
Many companies like Lecun Wallet have opened for business in the USA only to be shut down soon afterward.
It’s also become very common for similar companies just to stay out of the US altogether and avoid such problems.
The fact is these companies can usually “survive” a bit longer doing business outside of the US.
They aren’t able to go after the US market which is usually a huge chunk of money but it seems like it’s working for some.
Ok So Scam or Not?
Old saying goes “if it walks like a duck, swims like a duck and quacks like a duck it’s usually a duck”.
So it’s one of those things you must decide for yourself if Lecun Wallet is for you or not.
It certainly comes with risk for sure.
You are giving the company money in exchange to use their wallet to make a daily ROI.
The big money is in the MLM side of the business for sure.
You can absolutely invest money and store your crypto in their app but be forewarned if the company disappears so does your crypto.
As with any Ponzi, eventually withdrawals exceed new investment and usually when a company collapses.
Hope you enjoyed my Lecun Wallet Review if you have any comments, questions or concerns feel free to leave in the comment section below.
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