Lifestyle Galaxy Review: Dragon Mine rebooted after collapse
Smart Media Technologies was initially launched in 2010 by David Martin.
Smart Media Technologies was bundled with YOBSYN, a social media network affiliates paid hundreds of dollars to access. Commissions were paid out when they recruited others who did the same.
In 2014 Smart Media Technologies affiliates were arrested in Bangalore, prompting the end of the scheme.
Martin (right) lay low, eventually to return in late 2015 with Skill Dragon.
Skill Dragon was initially supposed to be a revenue sharing type opportunity, based on mobile apps and eSports.
The concept flopped and so Dragon Mining, a cryptocurrency mining pool opportunity, was added to the company’s offering.
Dragon Mining never took off on its own, or at least not enough to entirely sustain itself.
At some point Martin decided to pull the plug and relaunch Dragon Mining as the core of the business.
That brings us to Lifestyle Galaxy, which is pretty much a rehash of Smart Media Technologies’ previously failed ventures.
Read on for a full review of the Lifestyle Galaxy MLM opportunity.
The Lifestyle Galaxy Product Line
Lifestyle Galaxy sell mining contracts to retail customers.
No details are currently provided, other than retail mining contracts will cost more than the same contracts Lifestyle Galaxy affiliates can purchase.
Retail customers can also participate in Skill Dragon’s mobile games, however this is unlikely owing to the original concept having already flopped.
The Lifestyle Galaxy Compensation Plan
Lifestyle Galaxy affiliates sign up and invest money into “mining contracts”.
- Level 1 – $500
- Level 2 – $1000
- Level 3 – $2000
- Level 4 – $2500
- Level 5 – $5000
- Level 6 – $10,000
These contracts are purportedly attached to bitcoin and ethereum cryptocurrency mining and are locked in for three years.
The more an affiliate invests the higher their comparative daily ROI payout.
Variable ROI payouts are made in either ethereum or bitcoin for the life of the contract, with affiliates required to reinvest 35% of each monthly ROI.
Recruitment Commissions
Lifestyle Galaxy affiliates are paid $150 each time they recruit a new affiliate.
Residual Commissions
Lifestyle Galaxy pay residual commissions via a binary compensation structure.
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note that there is no limit to how deep a binary team can grow.
Residual binary commissions are paid out according to points. Binary points are generated via recruitment (200 points), payment of the monthly affiliate fee, ROI payouts to affiliates in a binary team and Skill Dragon’s failed eSports and auction ventures.
Every time 900 points generated in the binary team (split 300/600 on either side), a Lifestyle Galaxy is paid $50.
Joining Lifestyle Galaxy
Lifestyle Galaxy affiliate membership is $400 upfront and then $30 a month.
Full participation in the Lifestyle Galaxy income opportunity requires an additional $500 to $10,000 “mining contract” investment.
Conclusion
With crypto mining currently a favorite of the MLM underbelly, it comes as no surprise that long-time scams like Smart Media Technologies are trying to cash in on the trend.
Problem is the idea already failed under Dragon Mining.
Lifestyle Galaxy is the combination of Smart Media Technologies’ failed business ventures (mobile gaming, auctions etc.), with Dragon Mining.
There’s nothing new here, that’s literally all they’ve done.
The MLM cryptocurrency mining ruse sees a company set up mining and pay affiliates a ROI. The first one I can remember launching was BitClub Network in 2014.
Same story, affiliates invested thousands on the promise of ~3 years of mining. In mid-2016, well before the initial contract expiry the company ran out of newly invested funds and terminated all initial contracts.
With existing ROI liability wiped, the scheme restarted again. When new investment slows down they’ll probably collapse and restart again.
This is the same model Lifestyle Galaxy are using.
Some invested funds are used to power mining machines, which is done as “proof” that mining is taking place. By and large though what little mining goes on doesn’t match up with ROI payouts.
Furthermore neither the company or affiliates are able to provide any correlation between what token mining does take place and ROI payouts.
Then there’s regulatory compliance, with neither Lifestyle Galaxy, Skill Dragon or Dragon Mining registered with a securities regulator in any jurisdiction.
Money-wise the only verifiable source of income entering Lifestyle Galaxy is affiliate investment. The use of which to pay a ROI makes Lifestyle Galaxy a Ponzi scheme.
Recruitment commission paid out also add an additional pyramid layer to the scheme.
Revenue from the auctions doesn’t count because only Lifestyle Galaxy affiliates can participate in the auctions. The Skill Dragon mobile platform has already flopped, so there’s no external revenue being generated there either.
And in any event, what token revenue might have been raised pales in comparison to the thousands Lifestyle Galaxy investors are pumping into mining contracts.
As with Smart Media Technologies’ various reboots over the years, once affiliate recruitment drops off the scheme will collapse.
At that point the majority of affiliates lose money and, if history is anything to go by, David and the gang gear up to launch a new scam.
Just been invited to this scheme on LinkedIn. Thanks for posting this review of an obviously scam operation.
I’ve directed the person who invited me to read this and I hope that she takes the necessary steps to remove herself from this scheme, or at the very least just not continue the deception to other people.
Oh dear. Two invitations in one week. The koolaid is too attractive with this one.
The previous person I referred to this article could only praise Martin on keeping on and giving her this opportunity after his failed ventures (not taking it as a warning that it was a rinse and repeat of the previous scams).
I’m curious to see what the person thinks of this post if he reads it.
Warning warning Stay away from David Martin & Andrew Eaton & Ken Brought these guys are Scammers…
First of All Andrew Eaton is a good man but a man who makes money thru David Martin’s Scams…
History of David Martin’s Scam failing business are Yobsn (your own branded social network) Paying $400-$600 to join to get paid on games ads etc and you pay monthly $30.
Hi, I recently bought a contract wont say how much at Dragon Mining Systems. Since reading this I feel like an idiot luckily I diversified most of my investments. I guess I should cash everything as quick as possible to break even?
Regards,
An idiot.
You can try… but know every dollar you withdraw is someone else’s (your money is already gone).
@Stupid Fool get out of there, you can Google Yobsn scam people got Arrested in India for it because of David Martin & Andrew Eaton is the top promoter in South Africa but people in New Zealand & Australia lost all there money in Smart Media Technology.
David’s other scam which is still a website and people try to get the money out the back office and they don’t reply to the emails and block the $$.
This seems To be still alive??
Any update lately as IT doesnt seem To be a scam anymore?
Same business model = same scam.
You can’t unscam a scam by sticking around.
David Martin,Andrew Eaton, Ken Brought these guys are Scammers stay away from Galaxy Lifestyle bitcoins games.
David Martin ran away with Millions of Dollars he scam people with his Technology systems he use he will shut down the business once people drop off and no money comes in thru t
CEO 5 star signals is the big trainer of Galaxy Lifestyle: facebook.com/mariska.vandelangenberg
Big dinner function in Malaysia held recently AT a grand hotel.
Lots of profit splashing every Where. Now bitcoin auction?
Moving goalpost. But then, a banquest cost a lot less than making money, right?
I’ve been mining bitcoins with Dragon Mine since March 2016 and I can honestly say “Thank you David, Ken and Andrew – may God bless you and your families”.
I have all the respect in the world for these men, they are changing peoples lives financially and I feel truly blessed we have crossed paths and thank God for this everyday.
I thank God everyday for everything they do to help people have more money than month & change people’s lives.
There would have been times I wouldn’t have been able to food on the table if it wasn’t for Dragon Mine!!
Now the next step, with the increasing value of bitcoins, very soon I will be financially free. My son has also purchased, at 22, very soon he will be financially free too – he’s actually about to buy his 2nd contract.
Thank you God! Thank you Dragon Mine! Thank you David, Ken and Martin!!
^^ Well you sound you’re like in full cult mode.
Not that that has anything to do with Lifestyle Galaxy being a Ponzi scheme. Fine example you’ve set your son there.
@ Oz, if getting my child involved in bitcoin is not a fine example as you suggested, then why are you on bitcoin sites Oz?
If bitcoin is a cult, then you are in a cult too, regardless of whether it is Dragon Mine or not.
I am grateful for the opportunity David,Ken and Andrew have given us, gratefulness is not a cult, its appreciation. Clearly you have a lot to learn..shame hahahaha.
You signed your son up to a Ponzi scheme so you could collect a referral commission. Own your greedy thievery and stop pretending this is about bitcoin.
You’re grateful for being able to steal money from people who joined after you in a Ponzi scheme. You are a mother bankrupt of morals and a terrible human being.
@ Oz ….lol…..actully my son bought his bitcoin mining platform first…then me. So he would be earning money off me. That is if that was the business model in bitcoin. But its not….get a clue Oz!! (Ozedit: Offtopic waffle removed)
Right, so you’re a liar in addition to a scammer.
Best of luck with the Ponzi scamming.
As i said…i earn ZERO money off other people other than what I mine myself in my mining platform. I suggest you be VERY careful of FALSELY accusing somebody of stealing.
FALSELY accusi g someone of steling as NOT a good sign of somebody with good honest morals and values. Your mother must be VERY proud of you Oz. And good luck to you too FALSELY accusing others…..hope it serves you well!!
And i wish you good luck as clearly you WILL NEED it!!
You’re in a Ponzi scheme. All you do is steal money from people who join after you.
It’s not rocket science.
You have no proof of ANY mining done other than what you see onscreen. Those are easily faked.
When is the circus coming To a standatill?
Im waitinG To watch that With Some popcorn.
Lol. The Real and actual Bitcoin mining is getting tougher and tougher with lower ROI and increased complexity every week!!
Income from mining Is less than 50% compared to 2 months ago due to this but lifestyle galaxy still paying out?
My account recently did not get payment. Lifestyle now SHAKY???
When everyone else has a shortage of mining capacity and there is a backlog of mining computer orders and sites to locate them, how can LG have seemingly unlimited availability of contracts if they are legit?
Why is it compulsory to reinvest 35% and 100% is encouraged? Compound interest is called the 8th wonder of the world.
If a majority reinvest 100% that makes their mining availability even more unbelievable, but it keeps more money in the system longer to continue the ponzi if that is what this is, and that seems the most likely.
Keep asking these same people who continually pop up like a bad smell everywhere I go these days, a bunch of what they should see as legit questions.
Well they would see them as legit if they could provide serious answers to just a couple of them anyway.
All I ever get are diversion tactics and lovely long stories about what bitcoin is, how mining works etc Anything pertinent gets met with further ‘ignore the point’ ramblings which really have nothing to do with their mining contracts or indeed what they keep calling ‘my mine.’
Here’s the latest answer to one of my questions I asked one of their affiliates : “but my proof is, they say if I want them to send me my miner I bought, they will send it to me and I can plug it in at home and just use it there; all I have to pay extra for is the shipping.”
What the actual hell are you talking about? It is like an entire bunch of special people (I would say they are actually financially desperate to be more fair) have entered some kind of weird cult and have been brainwashed.
Often, you get referred to their ‘leader’. I am not joking, it gets that bad that their ‘handlers’ have to step in to try and provide some sense to what they are saying.
So bizarre that with the wealth of info out there, that anyone continues buying into this nonsense!
I hope for the sake of all these people who clearly do not have a clue as to what they have gotten themselves involved in, does not come crashing down on them or their families.
More than that, I hope they don’t drag everyone else they know down with them. Sad. Sad. Sad.
I joined up with these guys back in may and quickly realized my mistake and how these guys were going to steal my money, everything that these guys feed you are so distorted and even after watching the videos and reading their information I still didn’t really understand exactly how all this works.
Anyway, I requested a refund within the first 2 days and was lucky enough to actually get (most of) my money back.
I ended up just signing up with the cex exchange and bought some eth and bitcoin straight up.
Since then my investment has grown 5 times and is still growing.
In my opinion (after reading alot online) its way better to just buy bitcoin these days instead of mining.
There is defo something fishy about this company, sure people can say how they make money but its like OZ up there said, its all a Ponzi scheme in the end.
Just glad I got out of there as soon as I did. Do not sign up with these scammers. If you really want to mine just buy the miner yourself (if you can find one that is) that way you can stay in control of it all.
Dear all,
If you still don’t understand how mining works, then why are you investing in it. Do some research first. The money u invest is used to buy expensive and new equipment that mine TH/s not GH/s (that u pay for). This means they make a S^$$ton of cash.
I personally don’t care if I only own 10% of an Asic miner or 100% as I won’t be plugging it it at home. I usually re-invest 50%.
PS. When you re-invest they use that money to buy more equipment.
As for investing, please don’t put all your eggs in one basket. I’m currently trading crypto, mining crypto from home and also at dragonmining AKA galaxymining.
Good luck to all 🙂
Which is why you provided solid evidence to back up your claim.
…oh wait.
If you still don’t understand how Ponzi fraud works, then why are you making excuses for it? I see stupid investors everywhere.
@ ‘I see stupid people’
How nice for them! They have cash cows who give their earnings to them to buy themselves some more equipment (real or otherwise).
The fact that you are under the illusion that you indeed OWN mining equipment is astounding – do they provide you with a copy of the invoice & receipt and the genuine serial number/s of the supposed mine/s you own, produced directly from the manufacturer of the equipment?
How do the ‘directors’ at the top get paid if all the “money” is withdrawn from the scheme or alternatively is used to re-invest in more equipment which is apparently all owned by you and other investors?
Do they run this scheme as a charitable contribution so that you and thousands of others like you can magically retire rich?
Genuinely concerned at the willful ignorance you display.
Luck has nothing to do with it by the way – due diligence should be your new mantra.
Excellent post Crazy Horse!
@Oz,
How about give you plane ticket to go visit one of the warehouses as well. Btw. If you’re a VIP member you can visit the site. You also clearly have no idea how profitable mining is.. lol
(Ozedit: Offtopic derail attempt removed)
And if Dragonmining or Galaxy mining falls flat… yay I lose maybe 2% for my portfolio. I’ll still be up of 120% for 2017 and +-6% this year.
@Crazy Horse
Owning the equipment is my last concern and I purposefully searched for a cloud mining company without maintenance fees. I already own personal mining equipment.
Btw. Actually luck has a lot to do with it too. If the BTC price goes up faster than the network hash-rate profitability goes up. That’s why so many people re-invest more that 35%.
The fuck is that going to achieve? Visiting a warehouse isn’t a substitute for audited accounting showing proof of external ROI revenue.
Either provide evidence to back up Lifestyle Galaxy’s claims of external revenue or concede it’s a Ponzi scheme. They’ve had plenty of time to come up with it, no excuses.
stop standing in front of your mirror!
We know how mining works. We simply see no proof of such going on. Do you?
*proof of mining profit being used to pay Lifestyle Galaxy affiliates. FTFY.
You are stating you purposefully searched for a cloud mining company and Lifestyle Galaxy is the one you selected – am I reading you correctly?
Why is it that at least one of the ‘directors’ of this scheme has stated in print on a number of occasions that Lifestyle Galaxy is categorically NOT a “cloud mining” operation then? (A number of the minions/sheeple suckered into this scheme scream that line pretty loudly at every opportunity in my experience.)
I also note that you seem to be pretty pleased with yourself regardless of the fact that eventually many people involved in this particular scheme will be financially broken by it.
My opinion (rose tinted as it may be) is that BTC and blockchain is first and foremost a new ethos, a ‘do no harm’ type of deal, if you will.
Your attitude seems to be counter that ethos… please understand that whatever you get out of this scheme (and I do hope you get out) will have an effect on others down the line.
If you are happy to own that and live with it… so be it.
With the crash of btc, what happens here?
Probably not much. New affiliate money is what keeps Lifestyle Galaxy afloat.
Unless now new investors reduce since bitcoin has massive volatility then payment to existing members can get challenging.
If these guys are serial scammers – how do they get away with it? Surely charges can be laid? FBI involvement or in South Africa – Hawks? Any previous info on Andrew Eaton?
Wow What gives all of you expertise (Ozedit: Snip, see below.)
No opinions, fact. You riding David Martin’s dick doesn’t make you any more qualified to analyse Lifestyle Galaxy than anyone else.
If you want to ignore the content of review and just rage against the machine, do it somewhere else.
Oz I’m not going to go back and forth but (Ozedit: Awesome, bye. As stated previously, this isn’t a platform for a one-way conversation.)
Why are they not getting arrested for such crimes?
That’s a question for the authorities.
At the moment Lifestyle Galaxy recruitment is strong in South Africa and Ireland. Two countries not really known for strong MLM regulation.
So many used mining rigs for sale now as ppl realise it’s not profitable and mining is now even more challenging.
Lifestyle galaxy only one still paying out and these guys r very new to mining.
Warning my friends. There is definitely something wrong as doesn’t look like they r doing actual mining.
Andrew Eaton is a SCAMMER HE SCAM PEOPLE IN YOBSN, SMARTMEDIATECHNOLOGIES.
David Martin & Ken they are all SCAMMERS … Warning Warning.
David Run away with Millions of $$$$ Andrew Eaton do all the presentations across South Africa for all David Martin Scams.
GOOGLE YOBSN SCAM INDIA LADY GOT ARRESTED FOR YOBSN SCAM. DAVID MARTIN TOLD PEOPLE THEY WILL HELP THE LADY BUT NEVER HELP HER SHE WHEN TO JAIL FOR DAVID Martin Scam YOBSN and Andrew moved on to Lifestyle Galaxy Scam with for David.
People you have to get out now otherwise David Martin And Ken will run away with your money once people stop joining up.
That’s what they did with YOBSN SCAM AND SMARTMEDIATECHNOLOGIES SCAM.. THEY JUST CHANGE THE NAME OF THE BUSINESS TO A NEW NAME BUT SAME SCAM..
Whilst not the most literate of posts, the above might not be that off the money, although I would not call every single one of the gentlemen mentioned above scammers. Deluded dreamers maybe.
The ‘mining payouts’ of Galaxy Mining are getting smaller and smaller, even though there are allegedly less miners mining bitcoin nowadays.
Less mining payouts are explained away as ‘difficulty levels’ increasing. I believe, like others have said above, that it is a Ponzi scheme that will eventually fall over, taking a lot of poor, desperate people with it.
You pay them in Bitcoin to get involved and then they drip feed it back to you over time….based on the current ‘Bitcoin payout’ levels you will recoup your initial Bitcoin in ca. 9-10 years…!
The above named are simply MLM people using their ‘Bitcoin mining offering’ as the meal of choice for now.
Stay away is my advice.
With Btc dropping To 5,900 This is gloomier and gloomier.
Investments are in USD But Returns are paid in Btc Which means Its lesser and lesser.
On top of that mining difficulty is Ever increasing and will continur To increase even more moving forward. So returns are going To be rescuing even further.
On top of 35% a compulsatory To reinvest back into the company So the 65% the investor received even ours further damage To their returns on too if every thing else Above.
SOON TO FOLD!!!
What’s going on with this? Still alive?
Not really. South Africa and Ireland are keeping it alive. Hardly any activity outside those two gullible markets.
Heard Malaysia still going strong? Waiting to see this crash and burn.
Nah. Malaysia isn’t even top 5 (Alexa). Might be a lot of victims there from a previous pump though.
With btc price plummeting, seems returns should start dwindling causing new recruitment to be down and not enough to pay the upper guys?
Fireworks time?
Only if you’re actually using mining revenue to pay 100% of affiliate returns.
Which Lifestyle Galaxy isn’t, or they’d be registered with the appropriate regulators and have provided legally required disclosures.
With the fall in bitcoin price and mining companies filing for bankruptcy in China and USA, how are these guys still paying out?
How do you think?
Would think from the revenue from new recruits. But I think new recruits should be very minimal now due to btc price issue
But they’re still paying out a lot with not much new revenue coming in. I wonder how is that still happening
Well they’re not going to run out of newly invested funds straight away.
They’ll keep paying out till some set threshold is reached. Then likely come up with some new company as they’ve done in the past.
Do you have any proof of that?
Well I know they have a lot of “investors”. And so far none of them have said payment is an issue. In fact many buying new homes and cars too even until yesterday
Have u heard otherwise?
Global rank 372,869 Down 175,801 positions in the last 3 months from a high of 100,000 in March 2018
60.8% of visitors are from South Africa
Make of that what you will
If you’re a scammer you just sell it as a buying opportunity.
True, this doesn’t make much sense when the opportunity is supposedly mining, but scams never make sense.
Great excuse for the exit scam though.
Depending on how much they are pretending to pay, @1% per day, you are receiving your own money for the first 100 days.
Now their mining has closed in China and moved to Washington State in US
Unless Lifestyle Galaxy has registered with the SEC and provided legally required investor disclosures; No, no it hasn’t.
facebook.com/lifestylegalaxyHQ/videos/272018926998429/
Seriously, a bunch of people standing in front of a yellow shed is not a substitute for legally required regulatory filings.
Stop falling for this garbage.
David Martin is a Scammer period.
Smart Media Technologies is scam business he started first he change names to, Home Page Pays, and Yobsn.
Google search Yobsn Scam please people.The scam run from 2011-2015.
Andrew Ethan here in South Africa promote all the scams and make lot of money thru David Scams then they keep changing names but its the same business module they use pay $30 monthly website platform fee,recruit people to pay $600-$10000.
once people drop off David and Andrew will start new business name and platform and Andrew will start promote it also as he has done with Yobsn ..Andrew Ethan is part of the Scam and top leader.
I see that the leaders in South Africa are all now selling Karatbars ICO with promises of a 450% return in 12 weeks.
Has new recruitment of Lfiestyle Galaxy fallen away with the drop in price of BTC?
Whats going on with lifestyle galaxy now? Still mining?
Closed now, i guess? What happened to the investors ?
“Thanks for your money and sorry for your loss.” Y’know, the usual.
Is it really closed? I hear some things from current investors still going on?
Like what?
Desperate promises because coming to terms with monetary loss is brutally depressing? Sounds about right.
Those who have been trying to ‘cash out’ are getting this little gem at the moment. Funny how KYC wasn’t required when signing up for this crap!
KYC is a tool Ponzi schemes hide behind to limit withdrawals. Nothing new.
I wish I had read this earlier. I bought several mining contracts with Dragon Mining/Lifestyle Galaxy and am unable to withdraw any of my coins! I have been trying since 20 August (more than a month)!
Initially support advised that my ID document couldnt be opened – which is absolutely unbelievable as I used the exact same document to KYC with 2 other banking institutions the same week.
Nevertheless, I uploaded another ID document on 3 September – and since then NOTHING!!!
all I get is apologies from the support department and the amount I am trying to withdraw is miniscule!!!!
KYC is used by Ponzi schemes to stall. They don’t actually use your information for anything.
If you’re lucky they won’t sell it to ID thieves.
Funny how KYC was not required (like legitimate businesses ask for) when they took your money initially isn’t it?!
Sorry for your losses, an expensive lesson learnt.
I bought 8000$ worth of mining contracts from Lifestyle galaxy in July 2018.
…after mining for 3 years I have a negative balance…Keen to hear if anyone else in the same boat…8000$ gone..
I cud have bought 1.2 btc….worth a million rand now…keen to hear from others…
With reference to above post I was directed to pay the 8000$ into Andrew Eatons private bank account…
@Charles Adkins – your story sounds peculiar….did you not get ANY bitcoin back from the supposed mining? Did you pay in Bitcoin or USD?
Also quite surprised to hear that you say you were directed to pay into Andrew Eatons private bank account….. That is not the experience that has been alleged by others.
Who directed you to do this and why would you do this in any event if you bought mining contracts from Lifestyle Galaxy, as you say? Doesn’t add up….or is he a friend of yours?
Hi… right in the beginning I transfered a tiny amount….. 02btc to my Luno account just to test that it worked…I currently have minus .039 btc.
The agent was known to me and was very convincing showing me her mining rewards from months before and videos of Eaton saying buy mines not btc etc.
The agent gave instructions to pay R8000 into one account and with her code name as beneficiary and R74000 into Eatons private Nedbank account…8000$ worth at the time.
I have been at them via their back office ticket system and they have via their lawyers offered 2000$ which I rejected two days ago. I counter offered 4000$ and I havent heard back as yet. 8000$ cud have bought 1.2 btc back in 2018.
If I dont hear back from them I plan to get their agent into small claims court…Ill lay criminal charges with the Hawks and meet with SARS to have Eaton audited.
I would like to get into contact with as many victims as possible to formulate a united front to get authorities to act…. if we use small claims courts they cant throw teams of lawyers at us…