Lecun Pockets offers no data on its web site about who owns or runs the corporate.
Lecun Pockets’s web site area (“lecunwalletinfo.com”) was privately registered on June twenty fifth, 2019.
Advertising and marketing movies on Lecun Pockets’s web site recommend the corporate relies out of Asia.
Lecun Pockets advertising and marketing materials claims
the operation headquarter of LeCun is ready up in Thailand.
It’s a digital asset administration alliance owned by JD Change, Lefumei, Mastercard (pay as you go card), Singapore EM, SCL corporations.
Clearly take all of that with a grain of salt. The Mastercard declare, for instance, mentions the pay as you go card with out figuring out who the service provider is.
Mastercard as an organization has nothing to do with Lecun Pockets.
One advertising and marketing video reveals Lecun Pockets’s “huge boss” (man within the center), which suggests he is perhaps working the present:
The language spoken within the video is Chinese language, which implies whoever “huge boss” is and whoever he’s working with are possible based mostly out of a Chinese language-speaking nation.
Supporting that is the usage of “yuan” in Lecun Pockets’s advertising and marketing materials:
Twenty years in the past, if you happen to put 10,000 yuan in your cabinet, You’re the native wealthy at the moment! The Million households!
Now, twenty years later, if all you’ve is 10,000 yuan in your cabinet, you’re the native 5 Assured.
Do you agree?
The identical advertising and marketing presentation additionally mentions Xu Liwei;
LeCun Fund is the primary blockchain extension utility which relies on the blockchain expertise V3.0 and developed by Mr. Xu Liwei, the president of Common Web Know-how Company.
Mr. Xu Liwei is a architect of the primary main laptop on the planet and a pc scientist from silicon valley, he was the NASDAQ-listed firm, EveresSystem’s founder, has received the title of “the worldwide 50 excellent Chinese language science and expertise entrepreneurs”, the present Web Foxconn Universe Firm’s founder and the chief scientist.
Since 2010, Mr. Xu introduced again many different cross-international laboratory from silicon valley, the China optical valley in Hubei, and and many others., to overcome one after one technical challenges blockchain confronted, taking a wide range of {hardware} and software program methodology, he developed the underlying spine of the blockchain- tremendous universe blockchain platform, That’s the universe’s principal chain (PAC).
Mr. Xu Liwei is presently the director of blockchain analysis institute, China digital commerce affiliation of ministry, business and data expertise.
Given I wasn’t in a position to confirm any of that, take Lecun Pockets’s claims about Xu Liwei with a dumpster truck stuffed with salt.
It appears a lot of the data Lecun Pockets has printed about itself and Xu Liwei is very questionable, if not outright fabrications.
As at all times, if an MLM firm just isn’t brazenly upfront about who’s working or owns it, suppose lengthy and exhausting about becoming a member of and/or handing over any cash.
Lecun Pockets’s Merchandise
Lecun Pockets has no retailable services or products, with associates solely in a position to market Lecun Pockets affiliate membership itself.
Lecun Pockets’s Compensation Plan
Lecun Pockets associates spend money on NBY tokens, that are then parked by means of a cell pockets app in trade for month-to-month returns.
- make investments $500 to $2999 in NBY tokens and obtain a every day 0.3% to 0.4% return for 30 days
- make investments $3000 to $9999 in NBY tokens and obtain a every day 0.4% to 0.5% return for 45 days
- make investments $10,000 or extra in NBY tokens and obtain a every day 0.5% to 0.6% return for 60 days
Returns are paid in NBY tokens, which could be transformed again into USD by way of Lecun Pockets’s app.
If an affiliate withdraws into USD previous to the maturity interval a 5% payment is charged.
The withdrawal payment is diminished to 1% outdoors of the maturity interval.
Referral Commissions
Lecun Pockets pays referral commissions by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel crew, with each personally recruited affiliate positioned instantly beneath them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel crew.
If any stage 2 associates recruit new associates, they’re positioned on stage 3 and so forth and so forth down a theoretical infinite variety of ranges.
Lecun Pockets caps payable unilevel crew ranges at ten, based mostly on what number of buyers an affiliate has recruited:
- recruit one investing affiliate = 100% referral fee fee on stage 1 (personally recruited associates)
- recruit three investing associates = 100% referral fee fee on ranges 1 to five
- recruit 5 investing associates = 100% referral fee fee on ranges 1 to 10
Referral fee charges could be elevated if the next rank-based standards is met:
- One Star (generate $200,000 in funding quantity throughout ten unilevel crew ranges) – 105% referral fee fee on stage 1, 15% on ranges 2 to 10 and 5% from stage 11
- Two Star (personally recruit at the very least three One Star ranked associates) – 110% referral fee fee on stage 1, 20% on ranges 2 to 10 and 10% from stage 11
- Three Star (personally recruit at the very least three Two Star ranked associates) – 115% referral fee fee on stage 1, 25% on ranges 2 to 10 and 15% from stage 11
- 4 Star (personally recruit at the very least 4 Three Star ranked associates) – 120% referral fee fee on stage 1, 30% on ranges 2 to 10 and 20% from stage 11
Notice that the discount from 100% to fifteen% to 30% on ranges 2 to 10 just isn’t a typo.
Becoming a member of Lecun Pockets
Lecun Pockets affiliate membership is free.
Participation within the hooked up earnings alternative nonetheless is tied to a minimal $500 funding in NBY tokens.
Conclusion
Lecun Pockets is yet one more entry into the crowded app pockets Ponzi area of interest sweeping Asia.
The corporate claims to generate exterior income by means of automated bot buying and selling, nonetheless no proof of exterior income being truly used to pay associates is supplied.
Moreover, regardless of clearly providing a passive funding alternative, Lecun Pockets just isn’t registered to supply securities in any jurisdiction it solicits funding in.
App pockets Ponzi schemes conduct fraud by means of a nugatory token. In Lecun Pockets that is their NBY token.
Lecun Pockets creates NBY tokens on demand, solely to trace funding by means of.
NBY token just isn’t publicly tradeable and holds no worth outdoors of Lecun Pockets’s app.
Given Lecun Pockets can generate NBY tokens on demand at little to no value, it’s hardly shocking that returns and commissions are paid in NBY token.
Withdrawals to precise cash are processed by means of the app, and payable for so long as newly invested funds exceed withdrawals.
As with all Ponzi scheme, ultimately withdrawals exceed new funding and that’s when Lecun Pockets will collapse.
Given the shut proximity between Plus Token Pockets (collapsed), Cloud Token, S Block and Sacuwa (collapsed), there’s in all probability some overlap on Lecun Pockets’s backend.
To that finish I discovered a number of references to “Jarvis AI bot” in Lecun Pockets advertising and marketing efforts:
Jarvis AI is the ruse Cloud Pockets makes use of to solicit funding into their CTO token. World Blockchain Discussion board in the meantime has firmly established itself as a curator of app pockets Ponzi schemes.
Finally nonetheless whether or not there are any concrete ties between Lecun Pockets, Cloud Token and the World Blockchain Discussion board is unclear.
For some cause although Lecun Pockets associates appear to be utilizing the identical advertising and marketing pitch.
In any occasion be it Cloud Token, Lecun Pockets or any of the opposite app pockets Ponzi schemes, the maths behind them ensures that once they collapse, the vast majority of individuals lose cash.