LendConnect Review - Legit ICO Offering Or Huge Scam?

LendConnect Review – Legit ICO Offering Or Huge Scam?

Welcome to my LendConnect Review!

There has been some buzz about this company, probably because a similar company to this called BitConnect just took a dump and haven’t recovered yet…

Chances are someone approached you about the business opportunity and now you landed on this page to make sure it’s legit right?

The good news is I am going to walk you through the company, products and compensation plan so you can make the right decision.

Find out if this is for you or not…

LendConnect Review – The Company

LendConnect Review

LendConnect doesn’t have any information on who runs the company or owns it.

I decided to investigate the LendConnect domain website “lendconnect.io” and found out it was privately registered in November of 2017….

On top of that, I checked out Facebook and other social media to see if I can find out who the owners are…

Nope…

They are no where to be found…

Let’s get into the products next inside of this LendConnect review…

LendConnect Reviews – The Products

LendConnect Products

LendConnect doesn’t have any retail products or services, but you can become an affiliate and promote their membership.

You can also invest in their LCT points which is their ICO…

Reminds me of DavorCoin.

LendConnect Compensation Plan

When you join LendConnect, you buy LCT points (Their ICO) from the company and you lend it back to them on a promise you will get an ROI.

These LCT points go for 60 cents to $1.10…

This is what that looks like in action:

  • A LendConnect member can invest from $100 to $1000 and he’ll get a monthly ROI of up to 155% for a 120-day period
  • A member can invest from $1001 to $5000 and he’ll get a monthly ROI of up to 158.1% for a 100-day period
  • A member can invest from $5001 to $15,000 and he’ll get a monthly ROI of up to 161.2% for an 80-day period
  • A LendConnect member can invest from $15,001 to $100,000 and he’ll get a monthly ROI of up to 164.3% for a 60-day period

LendConnect Referral Commissions

LendConnect pays their members through a unilevel compensation plan structure.

LendConnect caps their unilevel at four levels and pays a percentage of the investment volume:

  • Level 1 – (Personally Sponsored members) -8%
  • Level 2 – 4%
  • Level 3 – 2%
  • Level 4 – 1%

The Cost To Join LendConnect

The affiliate membership is free, but you can only get referral commissions.

To be part of the investment opportunity, you must invest at least $100 into LCT points.

The moment you have been waiting for inside of this LendConnect review…

Verdict On LendConnect

LendConnect does talk about how they make their ROI’s which is through some trading strategies, however, they don’t show any proof of this…

They even talk about a trading bot which again have no proof…

LCT points from the company are not publicly traded so they are useless outside of the company….

To top it all, the owner(s) are no where to be found and have no clue who they are…

Would you really put your hard earned money into something that has no proof and where the ownership isn’t even transparent about themselves?

Plus, if you are in North America, they must register with the SEC which I don’t see anywhere…

In other words, they are illegal in North America…

So want to know whats really going on because I have seen this one hundred times now?

Newly invested funds are paying of existing members to create those ROI’s…

Once recruitment slows down, the ROI’s won’t be met and the company will go under and the anonymous owner(s) will run with the money…

I have seen it too many times…

Because of that, I don’t recommend LendConnect…

I hope you enjoyed my LendConnect review and if you have any questions, please leave them in the comments below…

My personal recommendation (totally optional of course)…

I have been in the network marketing field for a few years and have made well over 7 figure in this industry so I know what to look for when you join a company…

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-Jesse Singh

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