Libra Coin ICO Review – REAL DEAL?

OFFICIAL SCAM SITE: LIBRACOIN.IO

The Libra Coin initial coin offering has been around for a while, and it is a scam now just like it was when it was first released. This Libra Coin ICO claims to be the next big thing and you can apparently make a boat load of money by investing in it. The website makes some really bold claims, and it looks trustworthy enough. However, if you take a closer look at it, things quick disintegrate and fall to pieces. We are here doing this Libra Coin scam review to find out exactly what is going on here. Let’s get to the bottom of things once and for all!

Libra Coin ICO – Who Owns It?

When it comes to the ownership of this ICO, we are left completely in the dark. The whole website, including the main page, the whitepaper, and everything else, completely ignored ownership and leadership. Folks, this is a huge problem, one that we cannot easily get over. If these people do not want us knowing who they are, why should we trust our hard earned money with them?

When you come across an ICO like this HYIP, you always want to know exactly whose hands your money is going to be in. The only reason why these crooks remain hidden in a shroud of anonymity is because they are doing something highly illegal. The company is a scam and this whole thing is one massive exercise in highway robber. If you don’t know who is in charge of any crypto ICO, don’t invest your money into it.

The Libra Coin Company

Next, we also know for a fact that this whole company is not legit in the least. Whether it be in the UK, Australia, the USA, Canada, or anywhere else in the world, no single country has a record of the existence of this company. In other words, the Libra Coin ICO is not a real company, and it is certainly not registered, not in any single country on this planet.

Once again, this is a really big problem. If it is not a real company and has no official standing, at least not in any legal sense, then it can therefore also not be licensed. Folks, this Libra Coin ICO has absolutely no legal authority. This means that it is not operating within the confines of the law. It has no right to claim to be a real ICO, a business, and it certainly has no right to accept money from people. It’s all a huge rip off. If the company is not real, then the whole thing just falls apart.

The Libra Coin’s Whitepaper

The whitepaper of any ICO is supposed to disclose important information. Company ownership, the business model, a revenue scale, and all of those other fun things should be included. However, that is not what you get with the Libra Coin whitepaper. Simply put, it’s one huge load of manure. It makes no sense. It is full of lies. It does not give us any valuable or important information. The Libra Coin whitepaper is a total joke and it is not even worth looking at. It’s not even worth the money it would take to print out the measly amount of pages it covers.

The Libra Coin Initial Coin Offering – A Shady Pyramid Scheme

Furthermore, the Libra Coin ICO definitely appears to be a pyramid scheme. There is a referral system in place here. This referral system has 4 levels. Altogether, if you get enough people to invest through you, you should be able to get around 40% of their total investments. Well, at least this is the claim. Now, a pyramid scheme like this is not totally illegal, but it certainly does not inspire confidence.

Moreover, it would be fine if people actually received the promised commissions, but they do not. We have gotten a number of complaints from people who got others to invest through them. Nobody has actually received any sort of commission from this Libra Coin referral program. Therefore, when it comes to this referral system, the Libra Coin ICO is lying to people and engaging in false advertising. This is definitely not legal, not in the slightest.

Libra Coin HYIP – A Ponzi Scheme

Something else that we can say with absolute certainty about this Libra Coin ICO is that it is a Ponzi scheme. Yes, there are a couple of initial investors who got a few bucks back in returns. However, even these people are far from breaking even on their investment. Furthermore, nobody who has invested recently has gotten any kind of money back, nothing whatsoever.

This is a classic Ponzi scheme. The crooks in charge are taking most of the money for themselves. They pay really small sums to investors who invested right in the beginning, just to keep morale up. However, when it comes down to it, nobody will make a profit. Ponzi schemes like this just are not sustainable at all. They all implode eventually. Once again, if you invest money with this Libra Coin initial coin offering, you will lose it all.

Libra Coin Review – Conclusion

When all is said and done, the bottom line is that you should never invest money with this Libra Coin initial coin offering. The owners of this non-existent and completely illegal company are hidden from sight. The whitepaper is a mess, with absolutely no clear business plan or profit model. To top it all off, it is a huge Ponzi scheme and a pyramid scheme rolled into one. No matter which way you look at it, investing money here is just not worth it.

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