WHAT IS LION SHARE?
Lion share was built using Ethereum smart contract technology, and placed directly on the blockchain! This platform claims its self operating, which means it can never be hacked, or changed. The founder in person of James Ward in a zoom meeting claimed “It is 100% risk free to all of our members”.
Lion share is a worldwide company thats allow members from every country in the world, All commissions are paid in Ethereum directly to their members. Lion share claims it’s a peer to peer platform to which you never have to wonder if the company is going to pay you. well, this is such a good investment. We’ll be back to gist you fully if Lion share is truly legit and how long it could survive and ball in the industry, let’s look into the requirements before we get to that;
REQUIREMENT FOR REGISTRATION
The only requirement to participate in Lion share smart contract is to have your own Ethereum Wallet. These are simple and free to set up, I recommend you download Trust Wallet if you are using an Android phones or Meta Mask which is a simple Chrome extension on computer. You will want to complete the setup of your wallet before getting started on Lion share smart contract, all you need is 0.4th to get started.
HOW IT WORKS
Lion share claim to give their members 32different ways for them to earn Ethereum daily and instantly, they offer two different platforms for their members to join which is L1 and L2, Each platform offers 16 different ways to earn for a total of 32, Lion share members get started in both L1 and L2 simultaneously for as little as 0.04 ETH
- The L1 is where all your personal referrals are placed, Lion share claims their members get 100% of the first two sales, then their 3rd sale will go to their uplines, after this your matrix reopens, all you need is a one time payment, and you continue earning with automatic reopen feature everytime you refer new members. Everyone you personally sponsored will follow you after they cycle and this will make you earn more on your L1 platform.
- In order To earn on the L1 platform you must own the package that is producing the commissions, or the commission will be passed up to your upline, or the next person in line that owns the package. Its not compulsory you upgrade, but there’s more incentives for those who choose to upgrade. Wow! all this revolves around refering people, this is really getting interesting, lets look into L2 Package;
- The L2 package is where teamwork starts to happen, Lion share also claimed here that the first 2 sales in members matrix go to their upline. Instant payments are made for 100% of the 3rd, 4th, and 5th sale of their members, then their 6th sale goes to their upline which reopens their matrix so they can continue earning. all you need is a one time payment, and you continue earning with automatic reopen feature everytime you refer new members just like in L1.
- Everyone you personally sponsored will follow you after they cycle and this will make you earn more on your L1 platform, To earn on the L1 platform you must own the package that is producing the commissions, or the commission will be passed up to your upline, or the next person in line that owns the package. Its not compulsory you upgrade, but theres more incentives for those who choose to upgrade. All this still revolves around referring lets move to the main point of this article
IS LION SHARE SMART CONTRACT LEGIT OR SCAM
Based on our research and findings we can’t definitely agree on one side of the coin, since Lion share smart contact is still making huge online presence. A whole lot of smart contracts have existed before Lion share but today they’ve later been tagged scams all because they couldn’t survive so long to fulfil their goals that is they couldn’t survive enough to satisfy all their members, well, definitely at the end of this topic you’ll be able to decide for yourself if Lion share is legitimate or ponzi
The first thing to note is that lion share is a platform to which people can only earn based on referrals, Structural team work and multilevel marketing, and this is the most significant definition of a ponzi scheme.
It’s also important to note that Lion share doesn’t have a specific product or service they render for the betterment of the people, all they do is take their share from your registration fee and distribute the rest to your uplines or downlines, So what baffles me is how long the Lion share smart contract would be able to strive and survive in this industry, lets take a deep review on that;
HOW LONG CAN LION SHARE SURVIVE
No long talk on this, lion share smart contact can only survive as long a as its members keep getting referrals, okay lets ask a very important question on this review; what if there are no more referrals, that is no more people left yo join? Yes this question is a rhetorical question that answers all your questions, weather you pick the legit or scam side of the coin, it’s your choice.
As a member of Lion share what if you’re short of referrals that means you can never get back whatever thing you’ve invested, time, money, data, sleepless nights trying to map out marketing strategies to bring more people, you might even lose people’s trust in you.
Lion share can’t survive for long in this industry, it can only make news and strive social media presence for the little time that people will be joining and there’s no possibility that will last for a long time since Lion share has no back up product and services it renders. In act people can keep joining but eventually there’ll be a last person on the joining list and those who fall in that list would never earn since there’s no more people to refer.