On social networks and in various blogs there are a lot of investment offers, but we don't understand until we read all the opinions and reviews, if they are really serious projects. Many people talk about WeWe Global, but we don't understand if it's a valid project or a scam. Like all investment projects built around a network, it has a lot of positive reviews and few negative ones.
Signing up for WeWe Global is free, but it's only valid for 30 days and then you have to make a purchase. But what services or products can you buy to become a member?
Let's give some examples:
- Vouchers to buy products at discounted prices from stores associated with the program
- Travel vouchers, also with discounts
- Training courses on cryptocurrencies in the WeWe Global Academy.
But how does it work? How do you earn money and how does WeWe Global earn money?
Money transfers are paid for in WeWe, the system's virtual token. The services are not free and you pay in WeWe and the fees are not low. WeWe Global app is a project born from the ashes of other crypto projects. The new app is called LyoPay.
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The promoters are keen to stress that it is not a financial product. Thanks to an official partner, Digilyo app Ltd, they have created this app that will change the fate of users. In fact on their site they say that WeWe Global is a service project aimed at shopkeepers and a sales team that does not pay out interest or dividends.
What is WeWe Global?
The promoters who have built a powerful lineup of sellers, want to create a network to offer cryptocurrency exchange and payment service to retailers. In the exact words of the WeWe Global retailers, "WeWe components who have acquired licenses on the Apps (customers who will use it) will receive commissions for the transactions that will be made. The licenses are for life and buying them now is the best thing, because later the price will go up (and by a lot) as the app becomes more popular."
They want to compete with services like Coinbase, Wirex and Binance to name a few.
WeWe Global is a DAO (Decentralized Autonomous Organization) run by the community and for the community and is not a corporation and there are no presidents or owners. WeWe provides many services, one of which is an app to automatically pay in cryptocurrencies and convert them fiat currency.
What are the WeWe Global reviews and opinions?
It's all still a bit nebulous and kept secret, and it's unclear if there are really any links to LIC World. The fact is that if you want to get in, you have to put a certain amount of money in the pot to participate and then see some profits.
Obviously in this review is not said to be a scam. We remind you that only the judiciary and the authorities can declare that a project is illegal.
WeWe Global and CONSOB (Italian SEC)
We point out that for the moment the market regulator CONSOB has not yet expressed itself on the Wewe Global project. Remember that CONSOB moves to investigate the legality of a project only after a certain number of complaints to the judiciary. We would also like to point out that if CONSOB considers the project illegal, it immediately orders the blackout in the whole Italian territory. Some former clients have also reported that there is a connection between Wewe Global and Liracoin, an MLM project already suspended and then blocked by CONSOB.
WeWe Global registered office
If you are looking for more information about WeWe Global then you really need to read their terms and conditions. Below is an excerpt from them:
I don't know about you, but I don't trust a lot in a company based in the Seychelles.
Throughout its developments, the WeWE Global project has had transitions and name changes to Liracoin and LIC World.
Now about Liracoin!
The cryptocurrency had a media “boom” following promises that were made on the official website, which stated the possibility of daily interest "without doing anything", in a seemingly passive way. According to what little information there is online, the Liracoin cryptocurrency was created by a group of entrepreneurs from the IT industry. According to the site's authors, the advantages of Liracoin would be Privacy, Decentralization, Cloud-type Mining, and community control of the value.
Liracoin is a Multi-Level Marketing (MLM) system: it is a form of direct selling where sellers usually sell products directly to consumers, as well as encouraging and attracting new sellers in order to be rewarded not only for the sales made but also for those made by other sellers recruited by them.
According to CONSOB (Italian SEC), Liracoin has violated legal provisions. In particular, there was a violation of Article 17 of the Consolidated Law on Finance. Liracoin would therefore have all the credentials to be defined as a "Ponzi Scheme".
Liracoin has nothing to do with Bitcoin or any other high-capitalization cryptocurrency. Liracoin is not registered in the CONSOB register of authorized intermediaries and does not possess the CySEC regulatory seal either.
Nowadays there are not many traces of Liracoin. The website is left but the Facebook page that was referred to via their telegram channel no longer exists as well as a link to their “wallet”. It has all the characteristics of one of the classic fake cryptocurrency-based projects.
But it's not over. Liracoin then seems to have disguised itself under the name LIC World. New name but same substance?
Doing a bit of research on the web, you have a harder time finding information about LIC World.
Some project proponents state that: “LIC World is the project that brings to the market applications through an ecosystem that, solving the problems of the crypto market, allows hundreds of millions of people around the world to pay, send and receive money in digital currency, from their smartphones, through instant payments, without exchange or long waits. LIC World was created by the community in order to simplify the use of cryptocurrencies so that they can be used for our daily purchases and transactions, just like we do with conventional money.”
In short, LIC World proposes itself as "the new Bitcoin". The promoters are leveraging the fact that it will be the Bitcoin of the future and just as Bitcoin was worth a few cents 10 years ago and is now worth several thousand dollars, then LIC in the future will have similar growth. This is a very common pattern seen in not-so-loyal projects in the crypto world. Making the user believe crazy earnings is typical of unethical and not very loyal projects.
In addition, they say that, with LIC, “You have the opportunity to BECOME A CRIPTO MANUFACTURER with your own MASTERNODE of any size you choose. Members of the LIC World community will have free masternodes and will earn for life on the services provided by these masternodes.”
A LIC promoter further adds that: “Everyone is able to use for free the apps that LIC World has launched from January 2020 but only members of the LIC community have lifetime benefits on the billions of transactions that will start to multiply and more. This is the solution to solve the problem of converting the top 50 cryptos, into FIAT currency. It will be a revolution for the hundreds of millions of people who use cryptos because through NFC technology. Everyone, regardless of the crypto they own, will be able to make transactions in currency (e.g. Euros) through an APP on their cell phone like any ATM or credit card. Owners of LIC and related licenses to use this App, in addition to the other earning systems already in place, will receive a % on transactions made. THIS WILL BE AN ADDITIONAL PASSIVE INCOME OF WHO WILL BE PART OF THE LIC WORLD COMMUNITY.”
Ok all very nice but how do I get into this revolution? Here is the very obvious answer: You can enter the community of LIC only through its participants in the project.
As we know this kind of project membership (MLM) doesn't really get along with the crypto world. We hear very little about LIC today. The transition to the previously mentioned Lyopay name seems to be completed.
Does the name change but the scamming substance is still the same? The feeling is not good, I would be very careful with this kind of "crypto business". I would opt instead to put myself to really study the basics of cryptocurrencies to try not to get involved in scam projects that could cause me and people I know to lose a lot of money.
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