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Wednesday, June 19, 2024
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Crypto mining ruse Ponzi scheme


LKminers fails to supply possession or govt data on its web site.

LKminers’ web site area (‘lkminers.io”), was privately registered on August 18th, 2023.

Over on YouTube LKminers has one video on its channel. It’s inventory footage with a voiceover.

As all the time, if an MLM firm will not be overtly upfront about who’s operating or owns it, suppose lengthy and arduous about becoming a member of and/or handing over any cash.

LKminers’ Merchandise

LKminers has no retailable services or products.

Associates are solely in a position to market LKminers affiliate membership itself.

LKminers’ Compensation Plan

LKminers associates make investments USD equivalents in cryptocurrency.

That is performed on the promise of marketed returns:

  • make investments $500 or extra and obtain 2% a day for 84 days
  • make investments $1500 or extra and obtain 3% a day for 84 days
  • make investments $3500 or extra and obtain 4% a day for 84 days

LKminers pays referral commissions through a unilevel compensation construction.

A unilevel compensation construction locations an affiliate on the prime of a unilevel crew, with each personally recruited affiliate positioned straight underneath them (degree 1):

If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel crew.

If any degree 2 associates recruit new associates, they’re positioned on degree 3 and so forth and so forth down a theoretical infinite variety of ranges.

LKminers caps payable unilevel crew ranges at 5.

Referral commissions are paid as a share of cryptocurrency invested throughout these 5 ranges as follows:

  • degree 1 (personally recruited associates) – 5%
  • degree 2 – 4%
  • degree 3 – 3%
  • degree 4 – 2%
  • degree 5 – 1%

Becoming a member of LKminers

LKminers affiliate membership is free.

Full participation within the connected earnings alternative requires a minimal $500 funding.

LKminers solicits funding in varied cryptocurrencies.

LKminers Conclusion

LKminers represents it generates exterior income through cryptocurrency mining.

Lkminers stands as a beacon of innovation and effectivity within the realm of cryptocurrency mining.

With a profound understanding of blockchain know-how and a relentless pursuit of excellence, we’ve established ourselves as a outstanding participant within the dynamic world of digital currencies.

No verifiable proof of LKminers being engaged in or producing exterior income through mining is offered.

Moreover, LKminers’ enterprise mannequin fails the Ponzi logic take a look at.

If LKminers already has mining operations producing 4% a day on a constant foundation, what do they want your cash for?

Because it stands, the one verifiable income getting into LKminers is new funding.

Utilizing new funding to pay affiliate withdrawals would make LKminers a Ponzi scheme.

As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.

It will starve LKminers of ROI income, ultimately prompting a collapse.

The maths behind Ponzi schemes ensures that once they collapse, nearly all of individuals lose cash.



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