L7 DEX Pro is a wash-and-rinse crypto MLM platform offering high-risk no reward staking services. Our L7DEX Pro review exposes the high risks that come with this project.
With anonymity being the name of the game, L7 DEX Pro is a platform hosted by ‘Nick’ an unknown Chinese citizen. We have leads suggesting the platform enjoys the full backing of Chinese and Singapore MLM scammers.
Singapore is rapidly becoming the Crypto MLM hub in Asia, thanks to the backing of Chinese nationals. The platform mainly targets European investors mainly from Germany, Italy, and the United Kingdom.
With the platform accepting USDT deposits, it pays members using a lousy LUSD or LSD token. You have to convert to USDT through the platform itself, which is a bot native. You would expect players to gain access to a genuine exchange for such.
What we see here is a platform trying to ensure there’s some leverage their token has in the market. This has been the case with projects trying to push non-fungible tokens to the market. And L7 DEX Pro is one of them.
Beware of their wallet as its source code suggests a platform looking to take advantage of investors by gaining access to USDT coins. With anonymity being the case, it remains a high-risk investment platform.
Here’s our expose on L7DEXPRO Review.
Apart from Nick who is visible in all their YouTube marketing videos, there’s little to point to the real owners. We have a platform looking to exchange their shitty tokens for the more valuable USDT.
The platform starts by claiming to offer investors a valid way of investing using staking projects. You get to invest and earn daily ROI from the platform. That would seem reasonable if only the platform was legit.
L7 DEX Pro fails to give investors any proof of concept. There’s little information on the token metrics available. And this gives the platform power to entice investors to deposit as much as possible.
What investors don’t know is that the LUSD coin is worth nothing and is not listed on any centralized or decentralized exchange. That’s why the platform insists all transactions be on the platform or custom exchange platform.
This is why we have to stay away from such a platform as it has no proven security measures in place. What’s to stop the exchange from locking all your USDT in their wallet? It’s clear the platform has already done so.
With security lapses, the platform takes advantage of your wallet and seems to either exchange their LUSD for your USDT without consent. And this marks the beginning of problems facing investors on the platform.
What we have here is a platform hell-bent on keeping investors hurled up together with false ROI claims. Without any token metrics, it stands to reason the platform fails to offer any tangible investment.
Thanks to the daily ROI claims often exaggerated to some point, naïve investor have fallen for it. Coupled by the fact the platform allows partial withdrawals, it heightens the belief the platform is legit.
That’s why we have to stay away from this platform or risk losing it. Chances of investors losing a large chunk of their investment is imminent. The creators have come up with a perfect scheme to defraud unsuspecting investors.
We don’t have a clue on the number of tokens available for the staking option. The platform also fails to give credible information on the pool itself and staked nodes. In a genuine staking platform, investors know how the investment takes place from start to finish.
Lack of proper information is one of the reasons to suspect any crypto investment venture. Nick and the creators invented a platform that allows investors to blindly sign up without asking any questions.
And that’s why we have to expose the platform for trying to deceive naïve investors trying their hands in the crypto scene. Most of these investors don’t have a clue on Crypto MLM scams or what they really offer.
Apart from the daily ROI promised, the platform also offers investors a chance to play an integral part in luring other victims. With the affiliate program, members get the incentive of earning commissions.
The bonuses range depending on the affiliate level and number of invited partners. Those who have a large number get the lion’s share of the commission. However, there’s a twist as not everyone gets the commission.
Not everyone knows how the scam operates, hence the reason for our L7 DEX Pro review. It all starts the moment you make your first deposit with the platform having a funnel program from first phase to last.
After depositing funds, the platform allows for two partial withdrawals after a certain vesting period. The platform will insist the withdrawal is the ROI earned with the initial deposit ‘locked’ for the entire vesting period.
With these withdrawals, investors are led to believe the platform does actually make genuine daily ROI. However, the platform is smart about it and puts a cap on the withdrawal amount with each phase.
After the second phase of withdrawal, the platform will insist you have successfully qualified for the next plan. Your course of action according to the email sent should be to add funds for you to start enjoying more ROI.
What investor don’t realize is that the platform is actually allowing partial withdrawals of their initial investment. And when the sign up numbers are high, the platform adds funds from the new members waiting for the first vesting period.
And so, the cycle continues.
Those who add funds after the second withdrawal and those who don’t end up in the same ship. The platform at this point knows you are all in or all out. That’s when cracks start to appear with the platform sending emails suggesting breach of terms.
You will notice there are no terms listed on the website to begin with. It’s just their way of saying goodbye to your funds. And with that, all communication avenues get blocked and your account ceases to exist.
A load of comments are available on social media from investors who lost out after the second phase of investing. These are the customers who lost with the platform failing to respond to all means of communication.
The experience ratings of L7 DEX Pro are low with investors warning of dark days ahead. You need to stay away from the platform or risk losing everything. That’s why we need to move ahead and expose the platform.
We recommend doing due diligence before investing in any platform. It helps you save money and time. You get to hear firsthand experience of investors prior to you deciding to go ahead with the project.
Clearly, we have a potential Crypto MLM scam in our hands. The platform doesn’t have a high win rate and is likely going to shut down soon. Beware of wash and rinse platforms that also rise up using almost identical names and services.
From what we have seen, L7 DEX Pro is a high-risk no reward platform, please stay away.
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L7dex is still operating under L7dex.com
They have to be stopped, their members are so d**n naiv and continue putting so much money that scam. They have created a pool on Pancakeswap now where people can only payout there USDT, by putting fresh USDT + LSD 50/50.
THEY DON’T ACCEPT THE TRUTH THAT THIS PROJECT IS 100% FAKE !!!
They have launched a sort of exchange now, but there is not even an impressum, nor a licence, NOTHING.