LKminers fails to supply possession or government 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 isn’t overtly upfront about who’s working or owns it, suppose lengthy and laborious 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 achieved 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 by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel staff, 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 staff.
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 staff ranges at 5.
Referral commissions are paid as a proportion 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 hooked up revenue alternative requires a minimal $500 funding.
LKminers solicits funding in numerous cryptocurrencies.
LKminers Conclusion
LKminers represents it generates exterior income by way of cryptocurrency mining.
Lkminers stands as a beacon of innovation and effectivity within the realm of cryptocurrency mining.
With a profound understanding of blockchain expertise and a relentless pursuit of excellence, we’ve established ourselves as a distinguished participant within the dynamic world of digital currencies.
No verifiable proof of LKminers being engaged in or producing exterior income by way of 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 coming 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.
This may starve LKminers of ROI income, finally prompting a collapse.
The mathematics behind Ponzi schemes ensures that once they collapse, nearly all of contributors lose cash.