James Ward enters smart contract Ponzis


To the best of my knowledge Lion’s Share doesn’t have a website.

The MLM opportunity is promoted primarily through social media, namely Facebook, Telegram, WhatsApp and YouTube.

The face of Lion’s Share marketing is James Ward.

James Ward (right) first popped up on BehindMLM’s radar in 2010, as the CEO of LGN Prosperity.

LGN Prosperity marketed travel vouchers, with each voucher generating a position in a matrix 2×2 cycler.

Following months of affiliates not getting paid, in mid 2011 LGN Prosperity morphed into LGN International.

This name-change brought on the addition of commissions paid on travel services booked through LGN.

LGN International eventually collapsed in mid to late 2013, with Ward heading up iBizWave as CEO and co-founder in early 2014.

In 2015 Ward launched 2SL Start Living, which saw him return to the travel MLM niche.

2SL Start Living was short-lived, prompting Ward to launch Pangea in 2016.

Pangea’s original business model was a matrix cycler hiding behind travel.

By early 2017 Pangea had collapsed. Ward rebooted Pangea with a new compensation plan.

The only material difference was the cycler expanded to three tiers, so it’s not surprising that Pangea 2.0 also didn’t last long.

In late 2019 Ward resurfaced with Sports Trading BTC, a crypto Ponzi scheme.

Sports Trading BTC collapsed by December 2019, prompting Ward to reboot the scheme as Global Credits Network.

As per website traffic charts provided by Alexa, Global Credits Network collapsed in or around April 2020.

Promotion of Lion’s Share began in late June 2020.

Read on for a full review of Lion’s Share’s MLM opportunity.

Lion’s Share’s Products

Lion’s Share has no retailable products or services, with affiliates only able to market Lion’s Share affiliate membership itself.

Lion’s Share’s Compensation Plan

Lion’s Share affiliates purchase 0.02 ETH positions in a two-tier matrix cycler.

Lion’s Share names their two cyclers L1 and L2.

Note that Lion’s Share affiliates can only earn on cycler tiers they themselves have bought into.

L1

Lion’s Share’s L1 cycler is made up of sixteen 3×1 matrices.

A 3×1 matrix is simple in nature, requiring three positions to be filled to trigger a cycle.

Positions in the matrix are filled when personally recruited affiliates purchase 0.02 ETH positions.

Payments across the sixteen L1 cycler tiers are as follows:

  • Tier 1 – invest 0.02 ETH, receive 0.04 ETH and a new tier 1 position
  • Tier 2 – invest 0.05 ETH, receive 0.1 ETH and a new tier 2 position
  • Tier 3 – invest 0.1 ETH, receive 0.2 ETH and a new tier 3 position
  • Tier 4 – invest 0.2 ETH, receive 0.4 ETH and a new tier 4 position
  • Tier 5 – invest 0.3 ETH, receive 0.6 ETH and a new tier 5 position
  • Tier 6 – invest 0.4 ETH, receive 0.8 ETH and a a new tier 6 position
  • Tier 7 – invest 0.5 ETH, receive 1 ETH and a new tier 7 position
  • Tier 8 – invest 1 ETH, receive 2 ETH and a new tier 8 position
  • Tier 9 – invest 2 ETH, receive 4 ETH and a new tier 9 position
  • Tier 10 – invest 3 ETH, receive 6 ETH and a new tier 10 position
  • Tier 11 – invest 4 ETH, receive 8 ETH and a new tier 11 position
  • Tier 12 – invest 5 ETH, receive 10 ETH and a new tier 12 position
  • Tier 13 – invest 6 ETH, receive 12 ETH and a new tier 13 position
  • Tier 14 – invest 7 ETH, receive 14 ETH and a new tier 14 position
  • Tier 15 – invest 10 ETH, receive 20 ETH and a new tier 15 position
  • Tier 16 – invest 16 ETH, receive 32 ETH and a new tier 16 position

If you run the math, Lion’s Share affiliates receive payments from the first two positions filled in their L1 matrix at any tier.

Payment from the third position is sent upline (the affiliate who recruited you), creating a new matrix position for you in that tier of their L2 matrix.

This is essentially a 50% upline match on every affiliate they recruit that cycles out of an L1 matrix (any tier).

L2

Lion’s Share’s L2 cycler is made up of sixteen 2×2 matrices.

A 2×2 matrix places an affiliate at the top of a matrix, with two positions directly under them:

These two positions form the first level of the matrix. The second level of the matrix is generated by splitting these first two positions into another two positions each (4 positions).

Positions in this matrix are filled when other Lion’s Share affiliates purchase positions (directly or indirectly recruited).

The payment method for all sixteen L2 cycler tiers is as follows:

  • the first two positions pay upline
  • positions three to five on the second matrix level are kept
  • the sixth position is paid upline (creates a new matrix position for you in their matrix)

Payments across Lion’s Share’s L2 matrix are as follows:

  • Tier 1 – invest 0.02 ETH, receive 0.06 ETH and a new tier 1 position
  • Tier 2 – invest 0.05 ETH, receive 0.15 ETH and a new tier 2 position
  • Tier 3 – invest 0.1 ETH, receive 0.3 ETH and a new tier 3 position
  • Tier 4 – invest 0.2 ETH, receive 0.6 ETH and a new tier 4 position
  • Tier 5 – invest 0.3 ETH, receive 0.9 ETH and a new tier 5 position
  • Tier 6 – invest 0.4 ETH, receive 1.2 ETH and a new tier 6 position
  • Tier 7 – invest 0.5 ETH, receive 1.5 ETH and a new tier 7 position
  • Tier 8 – invest 1 ETH, receive 3 ETH and a new tier 8 position
  • Tier 9 – invest 2 ETH, receive 6 ETH and a new tier 9 position
  • Tier 10 – invest 3 ETH, receive 9 ETH and a new tier 10 position
  • Tier 11 – invest 4 ETH, receive 12 ETH and a new tier 11 position
  • Tier 12 – invest 5 ETH, receive 15 ETH and a new tier 12 position
  • Tier 13 – invest 6 ETH, receive 18 ETH and a new tier 13 position
  • Tier 14 – invest 7 ETH, receive 21 ETH and a new tier 14 position
  • Tier 15 – invest 10 ETH, receive 30 ETH and a new tier 15 position
  • Tier 16 – invest 16 ETH, receive 48 ETH and a new tier 16 position

L2 upline commissions are essentially a 100% match, generating the same ROI on each tier as the affiliate filling their matrix.

Joining Lion’s Share

Lion’s Share affiliate membership is free.

Participation in the attached income opportunity costs:

  • 55.7 ETH for L1;
  • 55.7 ETH for L2; or
  • 111.14 ETH for both cycler tiers.

Conclusion

Lion’s Share is yet another MLM company running a Ponzi scheme through an ethereum smart contract.

Lion’s Share combines elements of Ponzi, gifting and pyramid schemes.

The Ponzi element is satisfied by way of Lion’s Share paying a 200% ROI on L1 tiers and 300% ROI on L2 tiers, both funded by subsequent investment.

The gifting element is satisfied by payments sent from one Lion’s Share investor to another, directly through the smart contract.

The pyramid element is satisfied by way of Lion’s Share requiring constant recruitment to stay afloat.

Without recruitment Lion’s Share’s matrices stall, eventually prompting a company-wide collapse.

As with any matrix cycler, James Ward and his buddies will receive the lion’s share of invested funds.

This occurs through one or more preloaded admin positions.

These positions sit at the top of the company-wide matrix, cycling the most at the upper tiers and thus extracting the largest sum of money.

In order for this to happen, the majority of Lion’s Share affiliates have to lose money.

Be wary of random affiliates claiming because they got paid Lion’s Share isn’t a scam.

Lion’s Share isn’t above math. Ponzi schemes are a zero-sum game in which the majority of participants are mathematically guaranteed to lose money.





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