No Regulation

Score

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/10

Liyeplimal Crypto MLM System

Cameroon

|

2-5 years

Suspicious Regulatory License|

Medium potential risk

https://www.liyeplimal.net/

Website

Rating Index
Contact
Liyeplimal Crypto MLM System
+237 655 888 468
contact@liyeplimal.net
https://www.liyeplimal.net/
Influence
E

Licenses

No effective regulatory information has been founded yet, please pay attention to the risks!

WikiBit Risk Alerts

1
Previous Detection 2024-11-15

It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!

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Company Name
Liyeplimal Crypto MLM System
Regulatory Status
No Regulation
Abbreviation
Liyeplimal Crypto MLM System
Platform registered country and region
Cameroon
Phone of the company
+237 655 888 468
+971 52 163 8518

User Reviews

More

1 ratings

Participate in evaluation
Summer1884
The interface design of Liyeplimal is simple and clear, and it is relatively easy to operate. However, the trading fees are a bit high, which is a bit challenging for small investors like us.
2024-07-16 12:43
7
Aspect Information
Company Name Liyeplimal Crypto MLM System
Registered Country/Area Cameroon
Founded Year 2-5 years ago
Regulation Not regulated
Cryptocurrencies LIMOCOIN SWAP
Trading Fees N/A
Payment Method N/A
Customer Support WhatsApp: +971 52 163 8518, Email: info@limocoins.net

Overview of Liyeplimal Crypto MLM System

Liyeplimal Crypto MLM System, founded in Cameroon 2-5 years ago, offers an MLM compensation plan, allowing users to earn commissions through recruitment.

Liyeplimal Crypto MLM System offers monthly returns of 5%-20% and access to a community of cryptocurrency enthusiasts. However, the system has unclear fees, lacks regulatory oversight, increasing the risk of fraud and lack of legal recourse, and is restricted in some African regions.

Liyeplimal operates without regulation, posing significant risks to users.

Overview of Liyeplimal Crypto MLM System

Pros and Cons

Pros Cons
Potential for profit through MLM commissions and cryptocurrency trading Unclear and potentially high fees
Access to a community of cryptocurrency enthusiasts. Unregulated
Restricted in Africa region

Pros:

  • Potential for Profit: Users can earn commissions through the MLM structure, providing multiple streams of income.

  • Community Access: Members have access to a network of cryptocurrency enthusiasts, allowing for knowledge sharing and collaboration.

Cons:

  • Unclear and Potentially High Fees: Liyeplimal's website lacks transparency regarding fees, potentially impacting users' profits.

  • Lack of Regulation: The platform operates without regulatory oversight, increasing the risk of fraud or unethical practices.

  • Regional Restrictions: The platform has limited availability, being restricted in some African regions. This restricts access for potential users in these areas, limiting the platform's reach and user base.

Regulatory Authority

Liyeplimal Crypto MLM System is not regulated by any authority.

This lack of regulation means there is no oversight to ensure the system's integrity, security, or fairness. Users are at high risk of fraud, scams, and financial loss. Without regulation, there are no legal protections or recourse for victims, making it a risky venture for participants.

Security

Liyeplimal Crypto MLM System does not explicitly imply any specific security methods. Therefore, it's unclear what security measures the platform employs to safeguard user funds, data, or transactions.

Cryptocurrencies Available

The Liyeplimal Crypto MLM System offers a single cryptocurrency: LIMOCOIN SWAP. Initially a private token, it has transitioned into a public cryptocurrency. With a purported gross investment of over $3.65 billion, it boasts a considerable market capitalization.

The token is now available for public sale at an initial value of USD 1 for 3.65 billion LMC SWAP.

Cryptocurrencies Available

Trading Market

Liyeplimal is a cryptocurrency MLM system that utilizes blockchain technology to facilitate a multi-level marketing (MLM) compensation plan.

Liyeplimal offers an MLM compensation plan, allowing users to earn commissions through recruitment.

Liyeplimal's Compensation Plan involves affiliates investing in limos, which are then converted to XAF with promised returns. Limos can be acquired internally or from existing affiliates, though the exchange rate isn't disclosed. These limos are then used to invest in XAF points across various locations, with corresponding investment amounts.

Returns are advertised in limos over a 365-day period, varying based on the chosen investment location.

Trading Market

Referral Commissions

In the Liyeplimal Crypto MLM System, referral commissions operate through a unilevel compensation structure.

Affiliates are positioned atop a team, with recruits placed directly below (level 1), and subsequent recruits filling further levels indefinitely. However, Liyeplimal limits payable unilevel teams to five levels.

Referral commissions are a percentage of invested funds across these levels: 6% for level 1, 2% for level 2, 1% for levels 3 and 4, and 2% for level 5. Qualification for level 2 necessitates generating 6000 limos in downline investment revenue and investing a minimum of 1800 limos personally.

Bonuses in limos are granted for unlocking each level, with level 2 unlocking rewarding 360 limos.

Referral Commissions

Fees

Specific details regarding fees on Liyeplimal are difficult to find. Their website https://www.liyeplimal.net/ mentions staking packages with rewards between 2% and 37%, but it's unclear if these are fees or returns.

Payment Method

The platform does not enforce a minimum deposit for users who do not wish to participate in the MLM aspect. This allows for more flexibility and lowers the barrier to entry for those interested in exploring the platform without committing significant funds upfront.

When it comes to fees, Liyeplimal Crypto MLM System charges a network fee for all cryptocurrency withdrawals.

Payment Method

How to Buy Cryptos?

Liyeplimal Crypto MLM systems often focus on recruitment and selling their own token: LIMOCOIN SWAP

  • Registration: Start by registering an account on the Crypto MLM System platform. Provide necessary details like name, email, and password to create your account.

  • Verification: Complete the verification process mandated by the platform. This typically involves confirming your email, providing identification documents, or fulfilling KYC requirements.

  • Deposit Funds: Log in to your account and navigate to the deposit section. Choose a suitable payment method, such as bank transfer or credit/debit card, and follow instructions to deposit funds into your account.

  • Select LIMOCOIN SWAP: Once funds are deposited, select LIMOCOIN SWAP as the cryptocurrency you wish to purchase. It's likely to be prominently featured on the platform given its affiliation with the MLM system.

  • Place Order: Specify the amount of LIMOCOIN SWAP you want to buy. Review the order details including the current exchange rate and any associated fees. Confirm your purchase by placing the order.

  • Wallet Management: After completing the purchase, LIMOCOIN SWAP will be credited to your account on the platform. You can choose to keep it in your platform wallet or transfer it to an external wallet for security purposes.

  • How to Buy Cryptos?

    Services

    Services provided by Liyeplimal Crypto MLM System:

    1. MLM Compensation Plan: Utilizing an MLM compensation plan, where users can earn commissions by recruiting others into the system.

    2. Investment Opportunities: Providing investment opportunities with monthly returns ranging from 5% to 20%, offering users a chance to grow their wealth through cryptocurrency.

    3. Community Access: Granting access to a community of cryptocurrency enthusiasts, fostering networking and knowledge-sharing among members.

    4. Educational Resources: Offering educational resources and guidance to help users navigate the complexities of MLM strategies.

    Is Liyeplimal Crypto MLM System a Good Exchange for You?

    Liyeplimal Crypto MLM System is the best cxchange for investors seeking monthly returns and interested in engaging with multi-level marketing (MLM) schemes. With investment opportunities offering monthly returns ranging from 5% to 20% and an MLM compensation plan, it accommodates users seeking regular income streams and network-based investment models.

    Liyeplimal Crypto MLM System is suitable for the following target groups:

    • Cryptocurrency Enthusiasts Interested in MLM: Individuals who are enthusiastic about cryptocurrencies and are open to participating in multi-level marketing schemes might find Liyeplimal appealing. The platform offers investment opportunities with promised returns and utilizes an MLM compensation plan, allowing users to earn commissions through recruitment.

    • Investors Seeking Monthly Returns: Those looking for investment opportunities with monthly returns ranging from 5% to 20% may find Liyeplimal attractive. The platform provides access to investment options where users can invest in XAF points and receive returns over a 365-day period, potentially appealing to investors seeking regular income streams.

    • Customer Support

      Customers can reach out via WhatsApp at +971 52 163 8518 for direct messaging and quick assistance. Additionally, support is available via email at info@limocoins.netfor more detailed inquiries or issues.

      Customer Support

      FAQ

      Q: What returns can users expect from Liyeplimal Crypto MLM System?

      • A: Users can anticipate monthly returns ranging from 5% to 20% through various investment opportunities and participation in the MLM compensation plan.

      Q: Is Liyeplimal regulated by any financial authorities?

      • A: No, Liyeplimal operates without regulatory oversight, posing potential risks to users due to the lack of supervision.

      Q: Which cryptocurrencies are available for trading on Liyeplimal?

      • A: Liyeplimal primarily offers LIMOCOIN SWAP, which is transitioning from a private token to a public cryptocurrency.

      Q: How can users earn referral commissions on Liyeplimal, and what are the qualification criteria?

      • A: Users can earn referral commissions through a unilevel compensation structure, with percentages varying across five levels. To qualify for level 2 commissions, users must generate 6000 limos in downline investment revenue and invest a minimum of 1800 limos personally.

      Q: What customer support channels are available for users of Liyeplimal Crypto MLM System?

      • A: Users can contact customer support via WhatsApp at +971 52 163 8518 for direct messaging or through email at info@limocoins.net for more detailed inquiries or assistance.

      Risk Warning

      Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.