Likium provide no information on their website about who owns or runs the business.
The Likium website domain (“likium.io”) was privately registered on December 12th, 2017.
At the time of publication Alexa cite Nigeria as the top source of traffic to the Likium website.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
Likium has no retailable products or services, with affiliates only able to market Likium affiliate membership itself.
The Likium Compensation Plan
Likium affiliates acquire pre-generated LKM points from the company’s anonymous owners.
LKM points are sold to Likium affiliates for 30 cents to $1.60 each.
Once acquired, LKM points are “lent” back to Likium on the promise of an advertised ROI.
- invest $100 to $1000 and receive a 1% daily ROI for 210 days
- invest $1010 to $5000 and receive a 1% daily ROI plus 0.3% bonus daily rate for 190 days
- invest $5010 to $50,000 and receive a 1% daily ROI plus 0.35% bonus daily rate for 170 days
- invest $50,010 to $100,000 and receive a 1% daily ROI plus 0.4% bonus daily rate for 150 days
Likium pay referral commissions on invested funds down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 7%
- level 2 – 2%
- level 3 – 1%
Likium affiliate membership is free, however free affiliates can only earn referral commissions.
Full participation in the Likium MLM opportunity requires a minimum $100 investment.
Here’s how Likium claim they are generating external ROI revenue:
We understand that for us to maintain such juicy interest in our lending platform, we will need fund, therefore, we will be investing your money into e-commerce.
We already have a list of high in demand products that cost a penny if gotten from the manufacturer, and we will sell them
at a higher cost, there’s nothing to lose here, our experts have recorded tremendous success doing the same thing over and over again.
A little part of this fund will also be used to trade cryptocurrency and to invest in some profitable ICO.
We have the best team and assure you of 99% success on this part.
The company provides no evidence of e-commerce investment, cryptocurrency trading or ICO investment taking place.
Furthermore, Likium’s claims fail the Ponzi logic test.
If Likium’s anonymous owners already are generating profit through e-commerce and cryptocurrency trading and investment, with a 99% success rate, why would they share generated revenue with randoms over the internet?
The reality of Likium’s business model is that newly invested funds are the sole verifiable source of revenue entering the company.
Using newly invested funds to pay affiliates a daily ROI makes Likium a Ponzi scheme.
Lending ICO Ponzis like Likium play out as follows:
Admins (who are typically anonymous) offload worthless pre-generated points in exchange for real money. In this case it’s LKM points.
Likium’s admins then use some of this money to pay promised ROIs for as long as new affiliates sign up.
Once affiliate recruitment dries up so does Likium’s ROI reserve.
When a predetermined threshold is reached, Likium’s anonymous admins do a runner with what’s left.
Early Likium investors make a bit of money (mostly via recruitment of new investors). But same as any other Ponzi scheme, the reality of such scams is that the majority of participants eventually lose money.