Lionshare smart contract review (is lionshare legit or scam?)
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Lionshare smart contract review (is lionshare legit or scam?)
Lionshare is another smart contract just like Million money and Forsage, which runs on the ethereum blockchain.
It is a peer to peer platform that gives its users the opportunity to accumulate ethereum, which is the second most valuable cryptocurrency after bitcoin.
One of the advantages of a smart contract is that, once it is deployed on the blockchain, it cannot be changed or hacked. This means that, there is no admin or owner that controls how funds are paid or received.
Many people want to know more about lionshare, they have asked questions like “is lionshare legit?” “Can lionshare crash?”, “How can I make money on lionshare?”, “is lionshare scam?”, “has lionshare crashed?”, “lionshare scam”, “lionshare vs million money”, “lionshare vs forsage”, “lionshare or forsage, which is better?”, “lionshare or million money, which is better?”, “How does lionshare work?”, “How to register on Lionshare?” and many more.
This lionshare review will make you know all about lionshare, and answer any questions you may have about this platform.
If after reading my lionshare review, you still have questions, you can leave them below in the comment section or contact us for more information.
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Let’s get into it then…
What is ethereum?
Ethereum was created by Vitalik buterin in 2014, ethereum(ETH) like bitcoin runs on blockchain technology, but ethereum and bitcoin are very different.
It is the second most valuable cryptocurrency after bitcoin, and its value has seen tremendous rise over the past few months.
To really understand ethereum, you must understand how the internet works. These days our personal data, passwords & financial information are stored on cloud servers owned by big companies like google, Facebook, we trust them to keep our data safe (or we have to trust them), but a hacker or government can gain access to those information, meaning they can steal or change that information.
Ethereum has the aim of replacing these internet third parties with thousands of computers around the world called “nodes”.
How to open a bitcoin account in Nigeria
What is a smart contract?
A smart contract is a contract that executes itself, an agreement between a buyer and a seller is written into a few lines of code, this code exists across a distributed/decentralized blockchain network.
Once a smart contract is deployed, it cannot be changed, hacked and it is irreversible. With the smart contract, there is no need for a central authority.
What is Lionshare?
Lionshare is an MLM pyramid scheme (much like million money and forsage) that began around June 13, 2020, it is deployed on the ethereum blockchain and has no admin that controls it.
It is basically a smart contract program and a peer to peer platform that cannot be hacked or changed.
Lionshare lets you accumulate ethereum by building a successful networking team, and by paying a onetime fee of 0.05 ETH.
The biggest advantage of Lionshare is that, no admin controls it i.e. the rules cannot be changed and the system cannot be hacked or crashed, since it is deployed on the ethereum blockchain.
Lionshare has two packages, in which you can invest your ethereum, they are called L1 and L2. You don’t have to refer people to make money on Lionshare, you can make money from overflow and spillover, but to really benefit form lionshare, you have to build a team by referring people.
Lionshare packages
Lionshare has two packages with which you can invest you ETH into called L1 and L2.
Lionshare L1 package
The L1 is where all your personal referrals are placed!
- 100% of the first two sales goes directly to you! The 3rd sale will go to your upline, and this will reopen your matrix!
- You only have to pay one time, but you can earn forever! With the automatic reopen feature you will continue to earn commissions payments as you refer new members.
- All of the people that you personally sponsor will follow you after they cycle and will create even more income on your L1 platform!
In order to earn on the L1 platform you are required to own the package that is producing the commissions! If you don’t own the package the commission will be passed up to your upline, or whoever the next person in line who owns the package.
NOTE: It is not compulsory to upgrade, but it is more profitable if you do.
Lionshare L2 package
The L2 package is where teamwork starts to happen! With the dynamic follow me matrix allows you to truly work as a team!
- In the L2 the first 2 sales in your matrix go to your upline. 100% of the 3rd, 4th, and 5th sale is paid directly and instantly to you!
- The 6th sale goes to your upline and reopens your matrix, so you can continue to earn.
You only have to pay one time, but you can earn forever. With the automatic reopen feature you will continue to earn commissions payments as you refer new members.
In order to earn on the L2 platform you are required to own the package that is producing the commissions, if you don’t own the package the commission will be passed up to your upline, or whoever the next person in line who owns the package.
NOTE: It is not compulsory to upgrade, but it is more profitable if you do.
How commissions on lionshare are paid
- Since there is no admin or owner, all commissions on lionshare is paid directly to the members. No company is in charge of commission payment.
- There is no wait time, all payments are made instantly to the member ETH wallets.
- Lionshare does not store any personal information, or wallet addresses of its members.
How to register on Lionshare and get started
To register on Lionshare, you will need some certain things to get started:
- Trust wallet (for android users), Metamask (for desktop).
- 05 ETH + gas fee
To register, you will need to follow the below steps:
- Download and install the trust wallet on Google play store for android users, you will need to create an ethereum wallet. The steps are pretty easy to follow on the app.
- Fund your wallet with about 0.06ETH, you can buy ethereum from Luno. Make sure you check the current price of ethereum on Google, as the price fluctuates a lot.
- After funding your wallet, you will need to paste this link https://lionsshare.io on your trust wallet browser.
- When the lionshare registration page loads, click on the Join Now
- After clicking the Join Now, a payment page will show, click on Purchase
- After successful purchase, it will redirect you to your dashboard.
- To complete registration, you will need to pay a one-time fee of 0.05ETH.
Benefits of Lionshare
- Decentralized: Lionshare is not controlled by any central authority, this means that the rules will not suddenly be changed by anybody.
- Never changing compensation plan: Since Lionshare is a smart contract deployed on the ethereum blockchain, its cannot be changed. Its compensation plan will always remain the same.
- Anonymity
- Simple to understand
- 100% transparency
- Verified smart contract
Is Lionshare legit?
Lionshare is an MLM platform just like forsage and million money that enables you to accumulate ethereum.
It is a smart contract that is deployed on the ethereum blockchain, this means that it cannot be hacked or changed, and its transactions are trackable.
There is no admin or owner that controls the system, this means that it is safe for anyone to join and accumulate ethereum.
To really make money on Lionshare, you have to be willing to build a team, i.e. refer people. Although you can make money without referring people, through spillovers. It is more profitable when you build a team.
With Lionshare, there is no fear of someone running away with your money, or someone changing the rules to make things difficult.
To answer the above question, Lionshare is not a scam platform, but you should always know what is involved before you decide if it is something you should invest your money in.
My advice on Lionshare (Should you join?)
Lionshare is definitely an MLM platform, that lets you to accumulate ethereum, which is the second most valuable cryptocurrency after bitcoin.
If you are very good at networking and can build a team, then you should definitely join, as you will make money on this platform.
On the other hand, if you are not very good at networking, you can still earn on Lionshare from spillovers or overflow, but you won’t make nearly as much money as the people who refer.
Joining Lionshare at the end of the day, should fully be your decision, but you must put at the back of your mind that, unlike on other MLM platforms, nobody can run away with your money.
Since lionshare is built on smart contract, it makes it reliable to an extent, and reduces the chances of it crashing
Lionshare vs million money
Million money is a pyramid scheme built on the ethereum blockchain, just like lionshare. Million money works quite differently from lionshare; its compensation plan is a 2*5 matrix. Lionshare has two packages with different segments. Each segments offers 16 different ways to earn for a total of 32.
Million money compensation plan breakdown:
The first tier compensation breakdown:
Level 1 – This level has 2 positions to fill. You can earn 0.03 ETH per position. This level requires you to pay 0.03 ETH to earn on this level.
Level 2 – This level has 4 positions to fill. You can earn 0.2 ETH per position. This level requires you to pay 0.05 ETH to earn on this level.
Level 3 – This level has 8 positions to fill. You can earn 0.8 ETH per position. This level requires you to pay 0.1 ETH to earn on this level.
Level 4 – This level has 16 positions to fill. You can earn 0.4 ETH per position. This level requires you to pay 0.4 ETH to earn on this level.
Level 5 – This level has 32 positions to fill. You can earn 1 ETH per position. This level requires you to pay 1 ETH to earn on this level.
The second tier compensation breakdown:
Level 1 – This level has 2 positions to fill. You can earn 2.5 ETH per position. This level requires you to pay 2.5 ETH to earn on this level.
Level 2 – This level has 4 positions to fill. You can earn 5 ETH per position. This level requires you to pay 5 ETH to earn on this level.
Level 3 – This level has 8 positions to fill. You can earn 10 ETH per position. This level requires you to pay 10 ETH to earn on this level.
Level 4 – This level has 16 positions to fill. You can earn 20 ETH per position. This level requires you to pay 20 ETH to earn on this level.
Level 5 – This level has 32 positions to fill. You can earn 40 ETH per position. This level requires you to pay 40 ETH to earn on this level.
Lionshare vs forsage
Forsage is an MLM pyramid scheme (much like Lionshare) that began around February 2020, it is deployed on the ethereum blockchain and has no admin that controls it.
The below is a breakdown of forsage system:
Forsage affiliates buy 0.05ETH matrix cycler positions, matrix sizes used in forsage cycler are 3*1 and 2*2.
A 3*1 matrix has three positions under your main position.
A 2*2 matrix starts with two positions on the level 1 and expands to four portions on level 2, these portions can be filled directly or indirectly by downline members.
Cycle commissions across forsage’s two cycle tier are done in the following ways:
3*1 matrix (entry is 0.025ETH of the initial 0.05ETH in gifting payments and entry into a new 3*1 matrix.
2*2 matrix entry is 0.025ETH of the initial 0.05ETH buy in) generates 0.075 ETH in gifting payments and entry into a new 2*2 matrix
Frequently asked questions (FAQs)
What does lionshare mean?
Lionshare is a ethereum smart contract that enables people to accumulate ethereum through peer to peer networking.
Is lionshare smart contract legit?
Lionshare smart contract is a legit platform, and since it is built on the ethereum blockchain, it cannot be changed or hacked.
How does lionshare work?
Lionshare lets you accumulate ethereum by building a successful networking team, and by paying a onetime fee of 0.05 ETH.
What is spillover?
Spillover can occur on the L2 packages, it is when you have members show up in your matrix, that you did not personally refer.
Who owns lionshare?
Lionshare is not owned by anybody and has no admin that controls it.
Conclusion
Thank you for reading my lionshare review, I hope that with this review, you now know all that you will need to about Lionshare.
If you have questions or you need assistance, you can leave a comment below or contact us and we will tend to you as soon as possible.
Remember to share with your friends on social media. Thank you once again for reading.
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