Yes, crypto investments can be attractive but you’ll really want to be cautious before pumping your hard-earned money into one. Liyeplimal is one of the many ‘opportunities’ that’s hitting the internet. Is it a scam? Or is it an opportunity for wealth creation?
Before you do any rash decision, check out this review and you’ll be spared from sad heartbreaks.
What Is Liyeplimal?
- Name: Liyeplimal
- Website: www.liyeplimal.net
- Founder: Emile Parfait SIMB
- Cost: From $200
- Rating: 0/10
Liyeplimal is a Cameroon-based investment platform that focuses on cryptocurrency. According to its website, the founder is Mr. Simb Emile Parfait, who’s also the founder of Global Crypto Currencies Trading.
There’s very little information on the founder, but he apparently has an active Instagram account. Prior to Liyelipmal, Mr. Simb was involved in promoting other Ponzi programs. This brings the legitimacy of Liyeplimal into question.
What Does Liyeplimal Offer?
Liyepplimal cited itself as a cryptocurrency digital investment platform. An investment platform would have allowed investors to trade cryptocurrencies. However, that’s not the case of Liyeplimal.
Despite its attempt to position itself as a sophisticated crypto investment platform, Liyeplimal’s offering is limited to packages of ‘guaranteed returns investment’. The plan starts with a minimum of $200 investment, which provides a total return of $340 after a year.
Here’s the full list of the investment packages offered by Liyeplimal.
- $200 deposit for $340 yearly ROI.
- $400 deposit for $720 yearly ROI.
- $800 deposit for $1,520 yearly ROI.
- $1,600 deposit for $3,200 yearly ROI.
- $3,200 deposit for $6,560 yearly ROI.
- $12,800 deposit for $25,600 yearly ROI.
- $25,600 deposit for $56,320 yearly ROI.
- $51,200 deposit for $114,688 yearly ROI.
- $100,000 deposit for $225,000 yearly ROI.
- $500,000 deposit for $1,133,340 yearly ROI.
- $1,000,000 deposit for $2,283,320 yearly ROI.
Some clarity on the investment packages. Once you’ve deposited the money, you’re unable to withdraw any of them until after 52 weeks. Even if you’re seeing positive returns in your account, the money is ‘frozen’ until it hits the maturity date.
It’s also worth noting that the deposit is included in the yearly ROI, which means that you’ll only gain $140 on top of the $200 you’ve deposited.
How Do You Make Money With Liyeplimal?
You can buy any of its investment packages and hope that you’ll gain something at the end of 52 weeks.
Or, you could participate in Liyeplimal’s MLM program, which is what it’s all about.
You earn by recruiting new investors to its packages. You’ll enjoy 6% of residual commission on tier 1 from the sum invested.
If you’ve invested at least $1,800 and your downlines have generated $6,000, you’ll be earning additional commissions from tier 2 to tier 5 of your referrals.
Bottom line is, making money with Liyeplimal is all about aggressive recruitment, just for the sake of recruitment itself.
What I Like About Liyeplimal?
Nothing. It’s quite clear that Liyeplimal is nothing but a Ponzi scheme preying on unsuspecting users who are looking to capitalize on the cryptocurrency boom.
Things I Dislike
1. Unrealistic Guaranteed Returns
Place $200 and you’re guaranteed an earning of $140. That’s a 70% ROI of what’s invested. The problem is, no legit investment will guarantee you a positive return. Cryptocurrencies are known for their volatility and fluctuations of more than 10% within a day is quite common.
Making 70% out of crypto in 12 months is possible. However, it’s just impossible to guarantee that you’ll be 100% profitable, regardless of which crypto you’ve invested.
If anything, an investment platform that offers guaranteed returns is a huge red flag of a cam.
2. No Retailable Products
The only product you’ll find on Liyeplimal’s site is the ‘investment packages’, which I doubt is anything but. MLM member’s pitch would then centered on the potential earnings, instead of focusing on the value of its products.
So, the money that’s circulating and being used to pay off investors and members is none other than the deposit from new investors. This makes Liyeplimal nothing but a Ponzi scheme.
3. Non-Regulated In Any Country
Liyeplimal is not regulated in any jurisdiction. If you’re going to place thousands of dollars into an investment platform, you’ll want to be assured that it is somehow complying with existing financial regulations.
4. It’s Expensive
Forking out a minimum of $200 just to get back $140 a year later (hopefully), is expensive. It’s not only about the money, but also about the time wasted.
If you have $200 to spare, you can potentially make $140 or more in less than a year by building a legit online business.
Can You Make Money With Liyeplimal?
I’ve bad experience investing in platforms like Liyeplimal in the past. They all share the same narrative of being a sophisticated investment platform and being the pathway to financial riches.
All you need to do is to invest your money, sit back, and enjoy fixed returns. And if you wanted to earn more money faster, you’ll need to promote the program to others.
As with all Ponzi schemes, you can potentially make money in the beginning. But it’s only a matter of time before recruitment slows down and there’s insufficient cash flowing in the program.
By then, you’ll be having difficulties withdrawing the fund and you’ll get excuses like crypto crashes, economic crisis, or the company’s tightening withdrawal criteria.
That’s the sign of an impending collapse.
Verdict: Liyeplimal Is A Ponzi Scam
Call it whatever you want, but for me, Liyeplimal is an outright Ponzi scam. There’s no evidence that the company is involved in real crypto trading. Besides, no legit investment platform would guarantee a positive return.
You’ll find members telling you that it’s not a scam because they are seeing positive earnings on their accounts. From my experience, these members would soon be crying foul when the program suddenly collapses.
If you want to invest, I’ll suggest getting on eToro. It’s legit, regulated and you don’t need $200 to start.
Or you can start an online business like what I did, and make a consistent passive income each month.
Here’s where to get started and it’s free.
Hey, it’s Kenny here. I’m a single dad, freelance writer, an affiliate marketer. I have been making a living online since 2016, after quitting a 10-years engineering profession. When I’m not on the laptop, I’ll be in the kitchen experimenting with new cuisines.