Lion’s Share Review (A Crypto MLM Scam?!)

It’s likely that you have come across Lion’s Share through an email list, on social media or got it recommended by a friend or family member.

Is Lion’s Share a scam? The reasons why you’re here is because you have want answers right so, that’s what I’m going to provide for you within this Lion’s Share review.

First and foremost I must commend you for actually doing a bit of extra research before committing to joining Lion’s Share. For all you could have known, the product could be a major scam so the fact you’re here right now, researching whether or not that’s the case is a pretty smart move on your part.

To be fully transparent with you, I am personally not a member of Lion’s Share so I can assure you that I will not attempt to sell you it unless of course it’s worth investing in.

What I will aim to do is provide you with an unbiased 3rd party look at Lion’s Share that will hopefully help you to make the best decision you can in the end.


PRODUCT NAME: Lion’s Share

OWNER/S: James Ward

TYPE OF PRODUCT: cryptocurrency MLM

PRICE: 55.7 – 111.14 Eth

SUMMARY: Yes, I personally do believe that Lion’s Share is more than likely a recruitment based pyramid scheme and scam and honestly is an opportunity that’s best avoided.

Of course the fact recruitment is the only way the company is generating money is one issue, the lack of retail products is another red flag and James’ poor history in business are the main reasons I would not recommend anyone waste their time on Lion’s Share as it’s very unlikely to remain as an active business for too long, much like James’ other ventures.

FINAL RATING: 0/5

RECOMMENDED: NO!!


WHAT IS LION’S SHARE?

Lion's Share

Lion’s Share is a smart contract ethereum based MLM which is headed by James Ward, who appears to be quite the serial entrepreneur having worked with and created a multitude of businesses over the years.

Over the years he has created and worked within LGN Prosperity which morphed in LGN international and collapsed in 2013, later he founded iBizWave, 2SL Start Living, Pangea, Sports Trading BTC and lastly Global Credits network before finally starting up Lion’s Share.

The last 2 entities were of course in the cryptocurrency market however, they were also pretty much ponzi schemes which was one of the main reason they collapsed.

Of course considering that James is pretty much an opportunist he decided to try his luck again within the crypto MLM niche and as a result decided to start up an ethereum smart contract based entity.

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LION’S SHARE PRODUCTS

Lion’s Share does not offer any retail products for any of its non affiliate products. Only Affiliates can buy into the contract which unfortunately is a pretty big red flag according to MLM governing bodies like the FTC.

This is because the lack of retail products is often regarded by the FTC as a pyramid scheme like characteristic.


HOW DO YOU MAKE MONEY WITH LION’S SHARE?

There are 2 ways to make money with Lion’s Share :

1. The first method is through the passive returns on your investment

2. The second method is through recruitment.


HOW TO GET STARTED

If you want to join Lion’s Share it is technically free to but, that doesn’t necessarily mean you’ll be able to benefit from the company’s compensation plan. Of course in order to participate in the plan you will need to invest.

In this case it’s the following amount :

  • 55.7 ETH for L1;
  • 55.7 ETH for L2; or
  • 111.14 ETH for both cycler tiers.

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COMPENSATION STRUCTURE

Lion’s Share uses cycler matrix structures through which they pay out affiliates. What you’ll qualify for will of course depend on how much you invest in the company.

L1 Matrix

This is made up of 16 3 x1 matrixes where simply every time you recruit 3 individuals below you, it will satisfy a cycle.

As for what the payouts for doing so, they include the following amounts :

  • Tier 1 – invest 0.02 ETH, receive 0.04 ETH and a new tier 1 position
  • Tier 2 – invest 0.05 ETH, receive 0.1 ETH and a new tier 2 position
  • Tier 3 – invest 0.1 ETH, receive 0.2 ETH and a new tier 3 position
  • Tier 4 – invest 0.2 ETH, receive 0.4 ETH and a new tier 4 position
  • Tier 5 – invest 0.3 ETH, receive 0.6 ETH and a new tier 5 position
  • Tier 6 – invest 0.4 ETH, receive 0.8 ETH and a a new tier 6 position
  • Tier 7 – invest 0.5 ETH, receive 1 ETH and a new tier 7 position
  • Tier 8 – invest 1 ETH, receive 2 ETH and a new tier 8 position
  • Tier 9 – invest 2 ETH, receive 4 ETH and a new tier 9 position
  • Tier 10 – invest 3 ETH, receive 6 ETH and a new tier 10 position
  • Tier 11 – invest 4 ETH, receive 8 ETH and a new tier 11 position
  • Tier 12 – invest 5 ETH, receive 10 ETH and a new tier 12 position
  • Tier 13 – invest 6 ETH, receive 12 ETH and a new tier 13 position
  • Tier 14 – invest 7 ETH, receive 14 ETH and a new tier 14 position
  • Tier 15 – invest 10 ETH, receive 20 ETH and a new tier 15 position
  • Tier 16 – invest 16 ETH, receive 32 ETH and a new tier 16 position

L2 Matrix

This element of the compensation plan is made up by 2 x 2 matrixes instead. This means that you’ll complete a cycle every time you recruit 2 individuals and your 2 recruits also recruit 2 others each.

Regarding how an affiliate will get paid through this L2 matrix, there are 3 main ways it can happen :

  • the first two positions pay upline
  • positions three to five on the second matrix level are kept
  • the sixth position is paid upline (creates a new matrix position for you in their matrix)

As for the payments, they include the following amounts :

  • Tier 1 – invest 0.02 ETH, receive 0.06 ETH and a new tier 1 position
  • Tier 2 – invest 0.05 ETH, receive 0.15 ETH and a new tier 2 position
  • Tier 3 – invest 0.1 ETH, receive 0.3 ETH and a new tier 3 position
  • Tier 4 – invest 0.2 ETH, receive 0.6 ETH and a new tier 4 position
  • Tier 5 – invest 0.3 ETH, receive 0.9 ETH and a new tier 5 position
  • Tier 6 – invest 0.4 ETH, receive 1.2 ETH and a new tier 6 position
  • Tier 7 – invest 0.5 ETH, receive 1.5 ETH and a new tier 7 position
  • Tier 8 – invest 1 ETH, receive 3 ETH and a new tier 8 position
  • Tier 9 – invest 2 ETH, receive 6 ETH and a new tier 9 position
  • Tier 10 – invest 3 ETH, receive 9 ETH and a new tier 10 position
  • Tier 11 – invest 4 ETH, receive 12 ETH and a new tier 11 position
  • Tier 12 – invest 5 ETH, receive 15 ETH and a new tier 12 position
  • Tier 13 – invest 6 ETH, receive 18 ETH and a new tier 13 position
  • Tier 14 – invest 7 ETH, receive 21 ETH and a new tier 14 position
  • Tier 15 – invest 10 ETH, receive 30 ETH and a new tier 15 position
  • Tier 16 – invest 16 ETH, receive 48 ETH and a new tier 16 position


THE NOT SO GOOD THINGS

Recruitment Is Crucial For This Business

The whole premise behind Lion’s Share is dependent on your ability to recruit others into your team and ultimately have these recruits pay your profits down the line.

This model in and of itself is a very big red flag as it’s reminiscent of what ponzi schemes tend to do. Moreover, because the company does not even offer retail products, Lion’s Share is unable to use that as an excuse to prove members make money from retail customers as opposed to from recruits.

Therefore, the only conclusion that I can come to is that recruitment is pretty much the only way to make money as an affiliate (besides from the value of ETH increasing). This of course would mean that the business model implemented here is pyramid scheme-esque.

James Has A Somewhat Poor History With Business

As James has also previously promoted a pretty dodgy cryptocurrency based MLM before starting up Lion’s Share, he definitely doesn’t have a very good track record.

Normally when the owner of a company’s track record isn’t very trustworthy, more often than not their new ventures don’t tend to deliver either so, to me his poor history is one reason not to get involved with this opportunity.


THE GOOD THINGS

There isn’t anything good about Lion’s Share or at least anything that’s stands out as being good for me.

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IS LION’S SHARE A PYRAMID SCHEME/SCAM?

Yes, I personally do believe that Lion’s Share is more than likely a recruitment based pyramid scheme and scam and honestly is an opportunity that’s best avoided.

Of course the fact recruitment is the only way the company is generating money is one issue, the lack of retail products is another red flag and James’ poor history in business are the main reasons I would not recommend anyone waste their time on Lion’s Share as it’s very unlikely to remain as an active business for too long, much like James’ other ventures.


MY PERSONAL RECOMMENDATION

I personally will always recommend against using a MLM business model to make money, not because you can’t make money through it (you totally can) but, the system has always seemed shady to myself and is kinda synonymous with the likes of a pyramid scheme or scams (MOBE and Digital altitude).

Instead I prefer working with something created through ones own means and is ultimately dependent on yourself and your work ethic alone.

This method I’m talking about is affiliate marketing. 

The reasons as to why I recommend it over MLM based structures are because

– there is no need to recruit constantly

– it is a legitimate method that has been working consistently and continues to grow as more businesses want individuals to promote products

– and because it is free to start up, no unnecessarily large start up funds needed.

The service I recommend is Wealthy Affiliate. It’s free to sign up to and will get you set up and ready to start your affiliate marketing journey within minutes, as it did for me when I begun my journey.

If you have any questions that you would like to ask me regarding Lion’s Share, feel free to do so in the comments section below and I will get back to you as soon as I can. If you have your own thoughts about Lion’s Share and would like to talk about it, again feel free to do so in the comments below!

Thanks

Amhil

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