Welcome to my LendEra Review!
So, you want to grow your personal wealth and knowledge in the online world and you don’t know where to start…
Luckily, you’ve come to the right place!
It’s possible you’ve already heard about this company from Facebook, another social media outlet or even your best friend…
But either way, you are here because you want to learn more about the company, right?
I always tell others that to pick the right company, you have to do as much research as you possibly can before going all in!
My review on LendEra will go over the company history, the products they offer, and their advertised compensation plan.
Let’s begin with my review!
LendEra Review – The Company
When you visit the company’s website, there is no available info on the owners or operators of the business.
So, I dug around a bit and found out that the LendEra website domain was registered privately as “lendera.io” on the 2nd of December in 2017.
LendEra Reviews – The Products
LendEra doesn’t have any products or services for affiliates to purchase or sell for retail.
But anyone wanting to sign up as an affiliate with LendEra can market the company affiliate membership.
Another company I reviewed that is similar is My Bit Rush.
The LendEra Compensation Plan
Affiliates looking to take part in the company compensation plan are required to sign up and invest into the company.
Company affiliates must buy into LEC points at a rate of purchase from 85¢ to $1.05 per LEC point.
Affiliates are then expected to return their investment points back to the company as a loan with the agreement of a promoted ROI.
- Invest $100 to $1000 and receive a 26% to 42% monthly ROI for 260 days
- Invest $1001 to $5000 and receive a 26% to 42% monthly ROI plus daily 0.1% bonus ROI for 220 days
- Invest $5001 to $10,000 and receive a 26% to 42% monthly ROI plus daily 0.2% bonus ROI for 180 days
- Invest $10,001 or more and receive a 26% to 42% monthly ROI plus daily 0.2% bonus ROI for 135 days
The company uses a unilevel compensation model to pay out referral commissions to its affiliates.
The unilevel compensation model puts an affiliate at the top of a unilevel team that places any personally sponsored affiliate on level 1 right underneath the original affiliate.
When a level 1 affiliate sponsors new affiliates, they are then put onto level 2 of the original affiliate’s unilevel team.
When a level 2 affiliate sponsors new affiliates, they are then placed onto level 3, and levels continue to be created like this down a hypothetical never ending amount of levels.
Initial Investment Referral Commissions
- Level 1 (personally sponsored affiliates) – 5%
- Level 2 – 2%
- Level 3 – 1%
LEC Point Lending Referral Commissions
- Level 1 (personally sponsored affiliates) – 10%
- Level 2 – 4%
- Level 3 – 2.5%
- Level 4 – 1.5%
- Level 5 – 0.8%
- Level 6 – 0.4%
Reinvestment Referral Commissions
Referral commission on reinvestment is paid out at a rate of 3% on money reinvested by personally sponsored affiliates.
Cost To Join LendEra
The cost to join LendEra as an affiliate is free, although those affiliates with the free membership can only earn commissions on referrals.
If affiliates would like to fully participate in the company and the LendEra MLM income opportunity, they must invest a minimum of $100.
Verdict on LendEra
Seeing as we have no made it to the end of my review on LendEra, it’s about that time where I tell you my take on the company…
I do not think this company is 100% legit with that they are offering to affiliates.
This company says the way they are making outside wealth to pay out affiliates their expecting ROI earnings is through determination of “positive manipulation” and price appreciation…basically anything to avoid saying they are most likely using the new affiliates’ money as their main source of income.
Their price appreciation is coming from the company claiming that their LEC points will increase in value, but why would they think that?
The LEC points are not of any value outside of this company.
And here is what the company is saying about their “positive manipulation” of those points:
“We are the whale of our coin, and its in our best interest to maintain its long-term growth.
Which is why we will reserve 50% of the money raised during the ICO to support our coin when it goes down, and slowly exchange it back.”
So basically, when new affiliates stop signing up, and the worth of LEC points go downhill, the owners of the company will spend the invested funds to artificially drive-up the value of the points…
This is only a temporary fix, because if the value is dependent on affiliates, then you truly are just using affiliates’ money to get more affiliates…. no matter how they want to say it.
So, the company is using new affiliate money to pay out already existing members…
And if the owners are remaining anonymous, it’s likely so they can take your money and run when the company starts collapsing…
This company is also offering unregistered securities, as this field requires the company to be registered with the SEC, and they are not.
My advice? Be careful with this company as you are likely to lose your investment…
I hope you enjoyed my LendEra review and if you have any questions, please leave them in the comments below…
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