Lecun Wallet Review – Legit NBY Token Biz Op or Big Scam?
Welcome to my Lecun Wallet Review!
Chances are you have already heard the buzz surrounding this company and now you are here because you want to learn more about it.
With so many online businesses to choose from, it can be hard to know which ones are legit and which ones aren’t.
In my review, I will give you the info you need to know about this company’s background, products, compensation plan, and cost to join, so you can make the best decision for you and your investment.
Lecun Wallet Review – The Company
The Lecun Wallet website does not offer much info about who owns or operates the company.
The Lecun Wallet website domain was registered privately as “lecunwalletinfo.com” on the 25th of June, 2019.
I came across some marketing videos on the company’s website that suggests that the company is based out of Asia.
In the marketing material I read that:
the operation headquarter of LeCun is set up in Thailand.
It is a digital asset management alliance owned by JD Exchange, Lefumei, Mastercard (prepaid card), Singapore EM, SCL companies.
These claims should all be taken with a grain of salt, especially seeing as the Mastercard claim talks about a prepaid card but fails to mention who the merchant is.
The actual Mastercard corporation has nothing to do with Lecun Wallet.
Chinese language is spoken in the video, which likely means whoever is running the company is probably based out of a Chinese-speaking country.
Lecun Wallet Reviews – The Products
Lecun Wallet does not have any retail products or services to offer.
Once an affiliate signs up, they can only market the Lecun Wallet affiliate membership.
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The Lecun Wallet Compensation Plan
Affiliates who want to take part in the compensation plan must invest in NBY tokens, which are then parked through a mobile wallet app in exchange for monthly returns.
- Invest $500 to $2999 in NBY tokens and receive a daily 0.3% to 0.4% return for 30 days
- Invest $3000 to $9999 in NBY tokens and receive a daily 0.4% to 0.5% return for 45 days
- Invest $10,000 or more in NBY tokens and receive a daily 0.5% to 0.6% return for 60 days
The returns that are earned by affiliates are paid in NBY tokens, which affiliates can then have converted back into USD through Lecun Wallet’s app.
If a withdrawal into USD takes place before the maturity period, there is a 5% fee that is charged.
That fee is reduced to 1% if the withdrawal happens outside of the maturity period.
Referral commissions are tracked and paid through a unilevel compensation structure.
A unilevel compensation structure puts an affiliate at the top of a unilevel team that places every personally sponsored affiliate right under them on level 1.
When level 1 affiliates sponsor new affiliates, they are put on the 2nd level of the original affiliate’s unilevel team.
When level 2 affiliates sponsor new affiliates, they are put on the 3rd level, and this continues on down as many levels as are needed.
Payable unilevel team levels are capped at ten, and depends on the number of investors an affiliate has sponsored:
- Sponsor one investing affiliate = 100% referral commission rate on level 1 (personally sponsored affiliates)
- Sponsor three investing affiliates = 100% referral commission rate on levels 1 to 5
- Sponsor five investing affiliates = 100% referral commission rate on levels 1 to 10
If affiliates achieve rank-based criteria, referral commission rates can be increased like so:
- One Star (generate $200,000 in investment volume across ten unilevel team levels) – 105% referral commission rate on level 1, 15% on levels 2 to 10 and 5% from level 11
- Two Star (personally sponsor at least three One Star ranked affiliates) – 110% referral commission rate on level 1, 20% on levels 2 to 10 and 10% from level 11
- Three Star (personally sponsor at least three Two Star ranked affiliates) – 115% referral commission rate on level 1, 25% on levels 2 to 10 and 15% from level 11
- Four Star (personally sponsor at least four Three Star ranked affiliates) – 120% referral commission rate on level 1, 30% on levels 2 to 10 and 20% from level 11
As a side note: the reduction from 100% to 15% to 30% on levels 2 to 10 is not a typo.
Cost to Join Lecun Wallet
The cost to join Lecun Wallet as an affiliate is free.
However, to fully participate in the compensation plan, a minimum investment of $500 in NBY tokens is required.
Verdict on Lecun Wallet
Okay, so now it’s time for a final verdict…
As we’ve seen with other companies before, Lecun Wallet claims they are generating external revenue through automated bot trading…
And just as other companies before it, no proof of any such trading is provided…
So, what we are left with is a passive investment opportunity…
That’s fine, but now the company needs to be registered with the proper authorities in order to offer passive income…
But again, no registration can be found.
Third, the company requires its affiliates to invest in NBY tokens, which have to value outside the company and are not publicly tradeable.
So, what we have here is a company that will likely collapse once recruitment numbers die down, leaving investors high and dry.
So, my advice here is to hold on to your money and wait for another opportunity…
Thanks for reading my Lecun Wallet review! Feel free to leave a comment or question down below…
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