Liyeplimal operates in the MLM cryptocurrency niche and operates out of Douala, Cameroon.
Despite the company’s website domain being registered in February 2018, Liyeplimal claims it was “created in 2017”.
Heading up Liyeplimal is Simb Emile Parfait, cited as CEO and founder of Global Investment Trading.
Liyeplimal’s website footer states it is a “Global Investment Trading product”.
Prior to founding Global Investment Trading and Liyeplimal, Parfait was promoting
BeOnPush
,
Game Loot Network
and
MGlobally
.
BeOnPush and MGlobally were Ponzi schemes. Game Loot Network combined pyramid recruitment with securities fraud.
At the time of publication Alexa cites Cameroon (65%), Canada (16%) and Bangladesh (12%) as top sources of traffic to Liyeplimal’s website.
Read on for a full review of Liyeplimal’s MLM opportunity.
Liyeplimal’s Products
Liyeplimal has no retailable products or services, with affiliates only able to market Liyeplimal affiliate membership itself.
Liyeplimal’s Compensation Plan
Liyeplimal affiliates invest in limos, which are then converted to XAF on the promise of advertised returns.
Limos are purchased either internally through Liyeplimal or from existing Liyeplimal affiliates.
The current internal limos exchange rate
is not
provided on Liyeplimal’s website.
Once acquired, limos are used to invest in XAF points as follows:
Abidjan – 100 limos
Porto-Novo – 200 limos
Libreville – 400 limos
Ndjamena – 800 limos
Malabo – 1600 limos
Yaounde – 3200 limos
Pretoria – 6400 limos
Cairo – 12,800 limos
Abuja – 25,600 limos
Dubai – 51,200 limos
Ouaga – 100,000 limos
The stated conversion rate from limos to XAF is $1 limo to 800 XAF.
Once invested in, the above plans pay the following advertised returns over a 365 day period:
Abidjan pays a 160 limos ROI
Porto-Novo pays a 340 limos ROI
Libreville pays a 720 limos ROI
Ndjamena pays a 1520 limos ROI
Malabo pays a 3200 limos ROI
Yaounde pays a 6560 limos ROI
Pretoria pays a 13,440 limos ROI
Cairo pays a 27520 limos ROI
Abuja pays a 56,320 limos ROI
Dubai pays a 114,688 limos ROI
Ouaga pays a 225,000 limos ROI
Note that while investment in XAF is required, returns provided on Liyeplimal’s website are provided in limos.
Referral Commissions
Liyeplimal pays referral commissions via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
Liyeplimal caps payable unilevel teams at five.
Referral commissions are paid as a percentage of funds invested (presumed to be limos) across these five levels as follows:
level 1 (personally recruited affiliates) –
🤖 Quick Answer
What is Liyeplimal and where does it operate?Liyeplimal is a cryptocurrency MLM company based in Douala, Cameroon. Despite claiming creation in 2017, its website domain was registered in February 2018. The company operates as a product of Global Investment Trading and primarily attracts users from Cameroon, Canada, and Bangladesh.
Who leads Liyeplimal?
Simb Emile Parfait serves as CEO and founder of Global Investment Trading, the parent company of Liyeplimal. Prior to establishing these entities, Parfait promoted multiple schemes including BeOnPush and MGlobally, both identified as Ponzi schemes, and Game Loot Network, which combined pyramid recruitment with securities fraud.
What are the red flags associated with Liyeplimal?
Liyeplimal exhibits multiple warning indicators: inconsistent founding dates, und
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