On its website, LT Wallet doesn’t give any information about who owns or runs the company that can be checked.
Stephen Taylor (co-founder), Ajit Powell (also a co-founder), and James Middleton (“a member of the LT Wallet Project’s Nuclear Development Regimen”) are all named as executives. These don’t seem to be true.
When we look at LT Wallet’s marketing materials, we see Chinese:
This makes it very likely that whoever is behind LT Wallet is from China or south-east Asia (typically Singapore).
LT Wallet’s marketing videos on YouTube, which look like they were made by Fivver, back this up.
The domain name for LT Wallet’s website, “wallet. online,” was registered privately on August 8, 2022.
At the moment, Belarus (18%), Brazil (13%), and Russia (10%) are the top three countries that send people to LT Wallet’s website.
If an MLM company isn’t clear about who owns or runs it, you should always think twice before joining or giving them any money.
The Products of LT Wallet
LT Wallet has no products or services that can be sold.
Affiliates can only market affiliate membership to LT Wallet.
The pay plan for LT Wallet
Affiliates of LT Wallet invest in different cryptocurrencies. This is done because a 0.2% to 1% daily return is promised.
Through a single level of compensation, LT Wallet gives commissions to people who send them cryptocurrency.
With a unilevel compensation structure, an affiliate is at the top of a unilevel team, and every other affiliate they recruit is right under them (level 1):
If an affiliate on level 1 brings in new affiliates, those new affiliates join the original affiliate’s unilevel team on level 2.
If any level 2 affiliates bring in new affiliates, they move to level 3, and so on until there are no more levels to go down.
LT Wallet caps payable unilevel team levels at ten.
On each of these ten levels, referral commissions are paid out as a percentage of the amount of cryptocurrency invested.
level 1 (personally recruited affiliates) – 10% level 2 – 9% level 3 – 8% level 4 – 7% level 5 – 6% level 6 – 5% level 7 – 4% level 8 – 3% level 9 – 2% level 10 – 1%
How to join LT Wallet It looks like LT Wallet affiliate membership is free.
To fully take advantage of LT Wallet’s chance to make money, you have to invest in different cryptocurrencies.
LT Wallet Bottom Line
LT Wallet is a typical multi-level marketing crypto Ponzi scheme.
Smart quantitative trading wallet software is what LT Wallet is.
LT Pro is an AI trading platform for the world’s biggest digital currency exchanges that uses high-frequency arbitrage.
Users can take part in transactions with artificial intelligence without having to meet any requirements. For users to take part, there is no risk of a transaction.
LT Wallet’s Ponzi scheme is run through an app called “LT Pro.” Investors deal with the scam through LT Pro.
LT Wallet shows investors through LT Pro that trading is the source of their returns. In reality, all LT Wallet does is use the money from new investments to pay back old investors.
It’s a Ponzi scheme because of this.
As with all MLM Ponzi schemes, new money will stop coming in once affiliate recruitment stops.
This will stop LT Wallet from getting money from ROI, which will eventually cause it to fail.
Most likely, LT Wallet’s exit scam will be its LT Coin.
Make a binding invitation code and get 10,000 LT coins to look at on the TRON chain.
You will get another 10,000 LT coins every time you invite a user and bind your invitation code.
People will be able to trade their LT coins for free once they are listed on exchanges, which will happen soon.
LT Coin looks like a TRC-20 garbage token. These are made on demand and cost very little or nothing.
Watch for LT Wallet to fail when people dump LT Coin on public exchanges. Soon, you’ll only be able to take out the money in LT Coin.
LT Wallet could also just go out of business the old-fashioned way.
No matter what, the math shows that most people who invest in Ponzi schemes will lose money.