Lusate fails to offer possession or government info on its web site.
Lusate’s web site area (“lusate.com”), was first registered in 2015. The personal registration was final up to date on April eleventh, 2023.
Lusate’s present web site was created between March and Might 2021. I imagine the web site sat dormant till the hooked up MLM alternative, particulars of that are fully absent on Lusate’s web site, was launched comparatively not too long ago (late 2022, early 2023).
Even when we take Lusate’s web site creation date at face worth, the corporate has thus been round for a most of two years.
On its web site Lusate falsely claims it was “based in 2011.
As to who’s working Lusate, our first clue is using Yandex Translate on its web site.
Web site visitors to Lusate’s web site started to choose up in March 2023. In April 2023 SimilarWeb tracked 98% of Lusate web site visitors originating from Belarus.
For reference, Lusate web site visitors was useless in February 2023. In March it was nonetheless negligible, climbing to round ~7000 whole visits for April.
Belarus being the first supply of that visitors and use of Yandex Translate, strongly suggests Lusate is being operated by jap Europeans. Usually this implies Russians and/or Ukrainians.
In an try to seem professional, Lusate supplies a company handle in Eire on its web site.
This handle is presently being utilized by the corporate Slack. The handle has nothing to do with Lusate.
As at all times, if an MLM firm shouldn’t be brazenly upfront about who’s working or owns it, assume lengthy and laborious about becoming a member of and/or handing over any cash.
Lusate’s Merchandise
Lusate has no retailable services or products.
Associates are solely in a position to market Lusate affiliate membership itself.
Lusate’s Compensation Plan
Lusate associates make investments USD equivalents in cryptocurrency.
That is achieved on the promise of marketed returns:
- Nano – make investments $100 to $14,999 and obtain 0.7% a day for 4 months (0.85% a day if returns are reinvested)
- Micro – make investments $15,000 to $49,999 and obtain 0.9% a day for 4 months (1% a day if returns are reinvested)
- Macro – make investments $50,000 to $249,999 and obtain 1.1% a day for six months (1.25% a day if returns are reinvested)
- Mega – make investments $250,000 or extra and obtain 1.3% a day for six months (1.5% a day if returns are reinvested)
- Retirement – make investments $5000 or extra and obtain 2.2% a day for 18 months (notice withdrawals are solely permitted as soon as each 8 months)
Lusate pays referral commissions on invested cryptocurrency down three ranges of recruitment (unilevel):
- stage 1 (personally recruited associates) – 10%
- stage 2 – 5%
- stage 3 – 3%
Becoming a member of Lusate
Lusate affiliate membership is free.
Full participation within the hooked up revenue alternative requires a minimal $100 funding.
Lusate solicits funding in numerous cryptocurrencies.
Lusate Conclusion
Your first crimson flag with Lusate is the shortage of possession and/or government info particulars offered on its web site.
The second crimson flag is Lusate hiding its passive returns funding alternative.
As a substitute of offering info on its funding plans, Lusate’s web site is introduced as a generic funding agency web site, full with bogus partnerships:
Whereas Lusate hides something of relevance to its funding scheme, one factor they do declare to do is have entry to $190 billion {dollars}.
At the moment we handle over $190 billion on behalf of over 3 million traders and have over 6,000 workers.
And right here’s the place Lusate’s Ponzi ruse falls aside.
Between February 2nd and March fifth, Lusate pitched funding plans topping out at 2.6% a day.
2.6% of $190 billion is $4.9 billion. And apparently Lusate can conjure up this quantity each day.
Naturally this raises the query: Why does Lusate want your cash?
With entry to that amount of cash and each day returns, Lusate actually wouldn’t be locale restricted to Belarus and working a hidden funding alternative behind a generic funding themed WordPress web site.
In actuality, all Lusate are doing is working a bog-standard Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment has dried up so too will new funding.
It will starve Lusate of ROI income, ultimately prompting a collapse.
The mathematics behind Ponzi schemes ensures that once they collapse, the vast majority of members lose cash.
