New Ponzi App: Do Not Fall From This Trap

There's a new earning app right now where you earn by either investing a minimum amount or by doing basic tasks daily. The app gives you Php 19.80 or $0.38 daily. If you want to increase your daily balance, you can top up at least $10 or 500 PHP making your earnings 40.50 or $0.93 daily. You also earn more by inviting others. Now it's time for you to know what app this is, it's Leefire. So what do you think might be the future of this earning app? Will they provide more opportunities or will they take the hopes of the people expecting something from it?

This is nothing new to me. In fact, the app itself already seems suspicious. They pay you more when you put more money and when you invite more people. This is how the people behind this want to get rich quick. There are people who have said that they successfully withdraw their invested money and they have earned more. That's nothing but only to show that it's paying because later on, once there are already overpowering number of people who already had invest then get ready not to blink your eyes because they will instantly disappear anytime soon.

What is Ponzi scheme?

It is a kind of fraudulent investing scam that promises of doubling your money. The new investor's money are paid to the early old investors until they will have enough investors before they will totally run the money away. So be aware. They focus more on inviting new people. Like the saying goes the more, the merrier. Due to the technology nowadays, it is very easy to apply Ponzi scheme compared before because any minute you or someone you know might lose their money by a simple investment only!

Leefire is not the only Ponzi scheme here in the Philippines. In fact there are many. One of these are the messenger earning bots where you earn from answering correct questions. You pay a minimum amount to enter and answer questions from the messenger which later on you'll realize you can't access the next questions if you do not invite someone. So it's basically the money that your referral pays is also the money you will get until they will ran away and disappear from the bushes.

Leefire also promote their LFC token. Based on their white paper, the token is awarded to the users who are doing certain task. They have a total of 50,000,000,000 coins available in circulation and 1 LFC is equivalent to 1 pesos or $0.019. As for now, they only have 500k downloads and the people behind aims to increase the amount of user. They have a promised that they will increase the earnings until August. Is this another shitcoin?

Overall the platform comes with all the red flags that you must stay away. First, the referral. The more you invite the more they get rich quicker. The more you invest the more they'll bag more. In the end they will disappear and we all know that it happens for so many times from those different investment schemes online. Do not waste your time and effort from these. When you invite people to join this scheme it is also like you are helping the scammers behind these to earn more sacks of golds effortlessly.

It's very important to be vigilant nowadays as the scammers never run out of ideas. They keep innovating and they keep getting wiser. Sometimes we won't notice because they are too authentic that we are already deceived. All the Ponzi scheme starts when we want to double our money and that's a very wrong thing to do. Better find ways to use your money efficiently where you will be having a good harvest on the future rather than putting it into something that promises you to double it.

April 20, 2022

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