LCF Coin Prelaunch Review: Rothschilds & Chinese govt altcoin?
As far as I can tell, LCF Coin or whoever is behind it doesn’t have an official web presence.
Those promoting LCF Coin are doing so via Google forms. What happens to the information entered into these forms is unclear.
The marketing narrative for LCF Coin is that the Rothschild Family and Chinese government are teaming up to launch a cryptocurrency.
That’s pretty much all they’re going with, apart from an official launch purportedly taking place in February, 2017.
Marketing for LCF Coin is all manner of bogus. Apart from the bombastic claim of the Rothschild family teaming up with the Chinese government to launch the coin, LCF Coin affiliates are also claiming:
- national leaders and ex-presidents (George Bush, Tony Blair, Kevin Rudd, etc.”) met up in China back in November to discuss LCF Coin’s launch
- “the LCF company will consist of over 600,000 types of products and services”
- the Rothschilds will build a 170,000 m2 office somewhere to run LCF Coin from
- LCF Coin will “go public, IPO on the stock market in 3~5 years”
There is of course no third-party evidence to back up any of these claims, or even indeed the involvement of either the Rothschild family or Chinese government in LCF Coin.
In the run up to a launch “sometime in early 2017”, LCF Coin are promising affiliates free LCF Coins if they recruit new affiliates.
- sign up and receive 1000 LCF Coins
- qualify as a Team Leader by personally recruit 20 affiliates and have a total downline of 200 affiliates = receive 20,000 LCF Coins
- qualify as a City Leader by recruiting five Team Leader affiliates and receive 100,000 LCF Coins
- qualify as a Provincial Leader by recruiting five City Leader affiliates and receive 500,000 LCF Coins
- qualify as a State Leader by recruiting five Provincial Leader affiliates and receive 1,250,000 LCF Coins
LCF Coins are represented as having a value of 50 cents each, with this value seemingly plucked from thin air.
LCF Coin affiliate marketing presentations project the value of LCF Coin at $7 each by May, 2017.
Once LCF Coin launches, an MLM compensation plan purportedly based on a 5×5 matrix will be used to pay affiliates with.
LCF Coin are not charging affiliates to sign up yet, but presumably fees will be charged at launch and pay out via the matrix.
This of course would be pyramid recruitment, on top of Ponzi investment fraud via LCF Coins.
At the time of publication LCF Coin does not appear on any reputable public cryptocurrency exchange.
Given affiliates are taking names via Google forms, I’d say there’s a good chance LCF Coins don’t exist yet period.
The “lcfcoin.com” domain was privately registered through a Korean company on November 2nd, 2016. The domain is currently parked with a “coming soon” message.
Putting all of this together, scammers in Korea and/or China appear to be building an email list of gullible idiots to push an MLM altcoin onto later this year.
Expect the usual “we’re gunna be the next bitcoin” pitches, with the Rothschild and Chinese government claims likely to be dropped at public launch (they can get away with it now because LCF Coin doesn’t exist outside of scattered Google forms).
I can tell you that if either the Chinese government or the Rothschilds were looking to get into cryptocurrency, they wouldn’t be doing it through shoddy websites with hypey promises that link to Google forms.
The LCF Coin signup forms I’ve seen are demanding names, a passport number, cell phone number, driver’s license and an email address. Identity theft of the extremely stupid people who fill in these forms is also a possibility.
We’ll keep an eye out on whether LCF Coin actually launches later this year, but for now it appears to be shaping up as just another MLM altcoin pump and dump scam.
Update 12th January 2017 – The Rothschild family have clarified they have nothing to do with LCF Coin.