Lion’s Share Review: James Ward enters smart contract Ponzis
To the best of my knowledge Lion’s Share doesn’t have a website.
The MLM opportunity is promoted primarily through social media, namely Facebook, Telegram, WhatsApp and YouTube.
The face of Lion’s Share marketing is James Ward.
James Ward (right) first popped up on BehindMLM’s radar in 2010, as the CEO of LGN Prosperity.
LGN Prosperity marketed travel vouchers, with each voucher generating a position in a matrix 2×2 cycler.
Following months of affiliates not getting paid, in mid 2011 LGN Prosperity morphed into LGN International.
This name-change brought on the addition of commissions paid on travel services booked through LGN.
LGN International eventually collapsed in mid to late 2013, with Ward heading up iBizWave as CEO and co-founder in early 2014.
In 2015 Ward launched 2SL Start Living, which saw him return to the travel MLM niche.
2SL Start Living was short-lived, prompting Ward to launch Pangea in 2016.
Pangea’s original business model was a matrix cycler hiding behind travel.
By early 2017 Pangea had collapsed. Ward rebooted Pangea with a new compensation plan.
The only material difference was the cycler expanded to three tiers, so it’s not surprising that Pangea 2.0 also didn’t last long.
In late 2019 Ward resurfaced with Sports Trading BTC, a crypto Ponzi scheme.
Sports Trading BTC collapsed by December 2019, prompting Ward to reboot the scheme as Global Credits Network.
As per website traffic charts provided by Alexa, Global Credits Network collapsed in or around April 2020.
Promotion of Lion’s Share began in late June 2020.
Read on for a full review of Lion’s Share’s MLM opportunity.
Lion’s Share’s Products
Lion’s Share has no retailable products or services, with affiliates only able to market Lion’s Share affiliate membership itself.
Lion’s Share’s Compensation Plan
Lion’s Share affiliates purchase 0.02 ETH positions in a two-tier matrix cycler.
Lion’s Share names their two cyclers L1 and L2.
Note that Lion’s Share affiliates can only earn on cycler tiers they themselves have bought into.
Lion’s Share’s L1 cycler is made up of sixteen 3×1 matrices.
A 3×1 matrix is simple in nature, requiring three positions to be filled to trigger a cycle.
Positions in the matrix are filled when personally recruited affiliates purchase 0.02 ETH positions.
Payments across the sixteen L1 cycler tiers are as follows:
- Tier 1 – invest 0.02 ETH, receive 0.04 ETH and a new tier 1 position
- Tier 2 – invest 0.05 ETH, receive 0.1 ETH and a new tier 2 position
- Tier 3 – invest 0.1 ETH, receive 0.2 ETH and a new tier 3 position
- Tier 4 – invest 0.2 ETH, receive 0.4 ETH and a new tier 4 position
- Tier 5 – invest 0.3 ETH, receive 0.6 ETH and a new tier 5 position
- Tier 6 – invest 0.4 ETH, receive 0.8 ETH and a a new tier 6 position
- Tier 7 – invest 0.5 ETH, receive 1 ETH and a new tier 7 position
- Tier 8 – invest 1 ETH, receive 2 ETH and a new tier 8 position
- Tier 9 – invest 2 ETH, receive 4 ETH and a new tier 9 position
- Tier 10 – invest 3 ETH, receive 6 ETH and a new tier 10 position
- Tier 11 – invest 4 ETH, receive 8 ETH and a new tier 11 position
- Tier 12 – invest 5 ETH, receive 10 ETH and a new tier 12 position
- Tier 13 – invest 6 ETH, receive 12 ETH and a new tier 13 position
- Tier 14 – invest 7 ETH, receive 14 ETH and a new tier 14 position
- Tier 15 – invest 10 ETH, receive 20 ETH and a new tier 15 position
- Tier 16 – invest 16 ETH, receive 32 ETH and a new tier 16 position
If you run the math, Lion’s Share affiliates receive payments from the first two positions filled in their L1 matrix at any tier.
Payment from the third position is sent upline (the affiliate who recruited you), creating a new matrix position for you in that tier of their L2 matrix.
This is essentially a 50% upline match on every affiliate they recruit that cycles out of an L1 matrix (any tier).
Lion’s Share’s L2 cycler is made up of sixteen 2×2 matrices.
A 2×2 matrix places an affiliate at the top of a matrix, with two positions directly under them:
These two positions form the first level of the matrix. The second level of the matrix is generated by splitting these first two positions into another two positions each (4 positions).
Positions in this matrix are filled when other Lion’s Share affiliates purchase positions (directly or indirectly recruited).
The payment method for all sixteen L2 cycler tiers is as follows:
- the first two positions pay upline
- positions three to five on the second matrix level are kept
- the sixth position is paid upline (creates a new matrix position for you in their matrix)
Payments across Lion’s Share’s L2 matrix are as follows:
- Tier 1 – invest 0.02 ETH, receive 0.06 ETH and a new tier 1 position
- Tier 2 – invest 0.05 ETH, receive 0.15 ETH and a new tier 2 position
- Tier 3 – invest 0.1 ETH, receive 0.3 ETH and a new tier 3 position
- Tier 4 – invest 0.2 ETH, receive 0.6 ETH and a new tier 4 position
- Tier 5 – invest 0.3 ETH, receive 0.9 ETH and a new tier 5 position
- Tier 6 – invest 0.4 ETH, receive 1.2 ETH and a new tier 6 position
- Tier 7 – invest 0.5 ETH, receive 1.5 ETH and a new tier 7 position
- Tier 8 – invest 1 ETH, receive 3 ETH and a new tier 8 position
- Tier 9 – invest 2 ETH, receive 6 ETH and a new tier 9 position
- Tier 10 – invest 3 ETH, receive 9 ETH and a new tier 10 position
- Tier 11 – invest 4 ETH, receive 12 ETH and a new tier 11 position
- Tier 12 – invest 5 ETH, receive 15 ETH and a new tier 12 position
- Tier 13 – invest 6 ETH, receive 18 ETH and a new tier 13 position
- Tier 14 – invest 7 ETH, receive 21 ETH and a new tier 14 position
- Tier 15 – invest 10 ETH, receive 30 ETH and a new tier 15 position
- Tier 16 – invest 16 ETH, receive 48 ETH and a new tier 16 position
L2 upline commissions are essentially a 100% match, generating the same ROI on each tier as the affiliate filling their matrix.
Joining Lion’s Share
Lion’s Share affiliate membership is free.
Participation in the attached income opportunity costs:
- 55.7 ETH for L1;
- 55.7 ETH for L2; or
- 111.14 ETH for both cycler tiers.
Lion’s Share is yet another MLM company running a Ponzi scheme through an ethereum smart contract.
Lion’s Share combines elements of Ponzi, gifting and pyramid schemes.
The Ponzi element is satisfied by way of Lion’s Share paying a 200% ROI on L1 tiers and 300% ROI on L2 tiers, both funded by subsequent investment.
The gifting element is satisfied by payments sent from one Lion’s Share investor to another, directly through the smart contract.
The pyramid element is satisfied by way of Lion’s Share requiring constant recruitment to stay afloat.
Without recruitment Lion’s Share’s matrices stall, eventually prompting a company-wide collapse.
As with any matrix cycler, James Ward and his buddies will receive the lion’s share of invested funds.
This occurs through one or more preloaded admin positions.
These positions sit at the top of the company-wide matrix, cycling the most at the upper tiers and thus extracting the largest sum of money.
In order for this to happen, the majority of Lion’s Share affiliates have to lose money.
Be wary of random affiliates claiming because they got paid Lion’s Share isn’t a scam.
Lion’s Share isn’t above math. Ponzi schemes are a zero-sum game in which the majority of participants are mathematically guaranteed to lose money.
All your facts are spot on. The only reason to be involved is if your entry is early. And how early all depends on how many register and put down said Etherum.
I gambled and got 4487, should get some profit.
What is strange to me is when James and company lay out the program no one asks what they are selling.
I was trying to find out what product or service is it that they are selling.
Now I see why it’s called Lion’s Share and who the Lion is.
In real life, the Male Lion does not actively hunt for food; it’s the Lioness who does the work. Well, there you have it.
Thanks for showing the light!
I’m not involved with LionShare, but I do believe the object overall is to BUILD as much Ethereum as possible as quickly as possible before the next bullish (uptrend) surge happens.
Should you do this, DO NOT…I repeat…DO NOT leave your Ether in their matrix. Ensure it is stored in a safe storage location and let it SIT for bullish breakout.
Back in Aug. 2015, ETH was trading at 0.50 per ETH. Then, 2-3 years later, it surged to close to $1600.00. Had you purchased $1,000 at that time in ETH, you would have withdrawn close to $3.2 Million.
So, the object is to ENSURE it is stored safely for the eventual 1-3 year breakout to the upside. Forsage in particular, DOES NOT keep any ETH stored for their benefit.
For more info, contact me via (removed)
Once you invest in a position you don’t have a choice.
Your actual ETH is transferred to another participant but you can’t withdraw anything until new investors are recruited.
This is obviously an illegal Ponzi scheme. Period.
Hi, I was wondering if you had done any investigation into Forsage.io?
it is a smart contract system like Lions share… I am interested to know what you find/found? Please reply and let me know.
Forsage has been reviewed – https://behindmlm.com/mlm-reviews/forsage-review-ethereum-based-cash-gifting-scheme/
Search bar is on the top right of every page.
not apart of lions share but a friend is apart of it. im sitting in the zoom class and it is very sketchy from the looks of it.
before i spent my money on it have anyone been apart of lions share or is apart of it what was your experience.
Asking scammers what they think of a scam is risky business.
My Uncle has joined Lion’s Share and I am planning on joining in the next day or so.
I sent him this link and he said that James Ward is no longer involved in the Lion’s Share crypto deal. That they got rid of him?
Please let me know if someone has information to the contrary. Thanks.
James Ward kicked James Ward out of his own company? Lulz.
Ask your uncle who “they” are.
I was told that James Ward was a Co-Founder. Waiting on the name of the “they”.
When you purchase tiers straight off the bat, do you earn at say tier 4 if youve purchased that when you bring somebody in or do you work your way up regardless?
Spillover (indirect recruitment) becomes rarer over time as the company-wide matrix gets wider and wider (lots of 3×1 matrices inside a growing company-wide matrix).
Eventually it gets so bad the scheme collapses, as every matrix-based scam does.
I still have not found out who is behind the program. Probably James Ward as you have stated.
I’m at Lion 1 4th box and Lion 2 7th box and no spillover yet. I am not recruiting either.
My concern is there is no “cash out” button and I looked under FAQ and Goggle for the answers. I don’t see anyway to get my ETH out. Does anyone know how?
Lion’s Share is a Ponzi scheme, your ETH has been stolen by whoever recruited you and their upline.
The only way you don’t lose money is to steal from people who join after you.
I think this may be the appropriate response?
Mr. Spock: Admiral; if we were to assume that these whales were ours to do with as we pleased, we’d be as guilty as those who caused their extinction. … Mr. Spock: They like you very much, but they are not the hell your whales. Nov 26, 1986
In $1,100.00, wallet still has $150.00. Not a good ROI. Now would be a good time for a colorful metaphor! I’m not a big Star Trek geek but I sure do love the lines, and movie lines in general!
I’m usually smarter than this. I jumped in thinking the people ahead of me vetted this crap. End of line.
So just to clarify. I invested $1,100 and I still have $150 in my wallet which I will not send to lionshare. I would have if their next level had accepted that amount of money to advance. Addiction level mentality.
So with all the fees to bye Eth/crypto coin I have exactly as of today when I checked, 1.57 eth which I assume is worth about $600. Maybe more or less depending on today’s price.
Buyer beware, there’s a lot of fees involved in the crypto world. I believe in the cryptocurrency. Just keep it in your wallet and vet every financial opportunity carefully.
Thank you Oz for having this website.
I joined Lionshare about 3 weeks ago and indeed regret it. They say it only cost blah, blah, blah to buy into a slot but by the time you’ve paid the gas fees on top of, the cost has increased quite a lot.
The minimum they say to enter for it to be of benefit is Tier 4 on both L1 and L2. Also buy and level up at 10am, New Zealand time, supposedly, that’s when the fees are cheaper because America is asleep, huh!
In hindsight I have realized that this was not a good decision to join. However, I am glad that I didn’t get as far as to recruit anyone and will just have to cut my losses.
I joined lionshare in August I’m at Lv1 tier 2 Lv2 tier 3 and have 3 directs have made $60 Of course when we join lionshare we are added to our team/group chat on Fb.
Since ETH price has risen along with gas prices it’s made it hard for some to upgrade their packages.
Now we have been told of a lionshares tron that is about to launch in the next 10days, seeing tron is cheap at the moment been advised to forget about lionshares Eth don’t upgrade don’t recruit into it buy some tron, stake it, freeze it.
Wait for the launch.. concept of lionshare tron is the same.
So Lion’s Share is already collapsing, and here come the reboot scams.
I’ve said it once and I’ll say it again, crypto really brings out the stupid in people.
Had friends and family try and get my partner to sign up…I did abit of independent research as you do before handing over any money and instantly came to the conclusion that it’s a scam.
tried to show people and educate them…got cussed out and called a hater it’s like a bloody cult they brainwash these people in these zoom meetings.
Yes, I joined L1 3 tiers ( they call it money trees).
L2 3 tiers the Ethereum gas was to expensive, so we’re told to put it on hold. They now are duplicating the system but now using TRON.
James Ward is still running them both was suppose to launch yesterday but system crashed and is being sorted as we speak.
THE Leaders top earners Shelly Cullen ( is the crypto Queen of New Zealand) Aroha WARU, Chrissy Henry, Linda Jackson are recruiting and holding zooms and also have a crypto garden club however you have to have and show proof of enough tron for 12 tiers or what they call money trees fill in a google doc and name of your sponsor before you can join.
They hold zooms and there are hundreds of people waiting at the door to get in because it locks out at 500 and many miss out. It’s very hyped and the FOMO is crazy!!
Ha, one of us, one of us!
So Ward fancies himself as the US Andreas Kartrud then…
Rise of the smart-contract Ponzi reboot clones! Shame they’re so low-effort and boring.
Truer words were never spoken. When they break out the “hater” moniker, it’s 99.99+% odds it’s a scam, and the people saying it are either scammers or brainwashed (or both).
If it weren’t a scam, they’d have better arguments than “you’re just a hater.”
If you’re hearing a pitch and the presenter claims all the detractors are just jealous haters, keep your wallet firmly shut, is my humble advice.
Its a pyramid within a pyramid and everyone is just finding that out now, as the free referrals aint dropping in anymore.
people will wake up soon enough.
They are in NZ now, they have hit the Maori and Pacific Island communities hard because they are so interconnected.
They hit the whale of all whales here. Our poor families.
Hope it’s not the same Samoan religious communities that signed up to lose money in OneCoin.
i just pulled out of lionshares today.
im from nz an most of my family has taken the bait. what do i do to save my fams omg i dnt like what im reading.
If Lion’s Share being a Ponzi isn’t enough to ruffle your family, you might have to sit this one out unfortunately.
This is a good thread.
As soon as my friend told me he has to make videos to get people in. I was like scam! And still tryna school people on the pyramid formula.
Sucks that they have been brainwashed. And giving their money too these people.
Thinking of joining still haven’t taken the leap as very hesitant but have joined group chats etc lol.
Hat tip – Rob in the Daisy Now What!? fb group…
Thanks for that.
Boggles the mind: They know Lion’s Share is a Ponzi scheme. They know how much this woman stole. She’s under their jurisdiction.
Hi there, don’t do it again. Pretty please?
Anything short of jail time is meaningless..those orders not to pimp scams aren’t worth the paper they written on…
Faith Sloan & Frank Colabro jr are still pimpin scams despite court orders… Same for Goddie Ude in Canada…
Cullan will prolly be back with a new scam to pimp in a month.. Same for Cheri Ward..
The alleged “facts” regarding Lion’s Share smart contracts are not ALL correct. As it is neither a Ponzi scheme or a pyramid selling scheme or a scam at all.
For the entry price (approx $20 in the Ethereum contract and about $8.50 in the Tron one) one does get membership to the website and back-office, including an Academy with crypto training and also various marketing training and other useful services. All of which are extremely good value for such a one-off price.
Plus, if people follow the “Follow Me” roadmap blueprint by finding three referrals to join them (preferably six) then everyone upgrades when they receive their payments from their referrals, then a lot of money can be made.
Even if one just finds two recruits, one makes their initial payment back, so, in effect their access to the back-office services have cost them nothing.
Yeah nah. You’re full of shit.
Lion’s Share is a simple Ponzi pyramid script. Stop making excuses for scammers.
I love my Lionshare account ! U bought my membership and now I get access to the learning academy, it’s basically a library of courses to help better understand crypto currency.
I also like the auditing service where lionshare investigate different businesses and provide a detailed report. Perfect for people who are looking to diversify their portfolio’s.
What about the part where James Ward steals your money through a smart-contract Ponzi scheme? Do you love that too?
Or are you in the tiny percentage in Lion’s Share doing the stealing, as opposed to the majority who are guaranteed to lose money?
Oz I haven’t lost any money or crypto currency through lionshare. I did one payment of about $40 and got access to some great services and digital learning products. I’m very happy with my purchase ☺
You could’ve gotten the learning products for free,and the services are available elsewhere.
Admit it,you got impressed with pretty words and shiny lights,and are now happily helping to steal other’s money since yours is already gone to joiners before you.
Oz: are you in the tiny percentage in Lion’s Share doing the stealing, as opposed to the majority who are guaranteed to lose money?
Alex: I haven’t lost any money or crypto currency through lionshare.
For a one off payment of $40 I’ve got a ton of value and great products, I could of done some research and got some of the services for free but I love the convenience of lionshare as everything is in the one place.
Yip, just as I thought. Stupid and a criminal.
I think you need help . Last time I checked paying money for products and services is not stealing. Did someone steal something from you ?
None are so blind as those who don’t see, in this instance – you.
Sorry for your inevitable loss.
Antimlm you clearly don’t understand this simple concept:
“Exchange your money to receive a product or service”.
I gave my $40 and got products and services back in return , if you can’t understand that then you need to go back to school lol.
Attaching a product or service to a Ponzi scheme doesn’t legitimize investment fraud.
SEC reaffirms adcredit opportunities are illegal Ponzi schemes
Regulators ignore bUt wE hAvE a PrOdUcT! pseudo compliance.
Methinks you need to return back to school rather,I learnt back in preschool that you can’t make money out of thin air and dreams. Nobody buys into MLMs for the products.
bUt wE GoT pRoDuCtS – stop propping up scams with your idiosyncrasies you stupid mong.
Antimlm You might of not of went to school, I don’t want to make money , I just want to use the products I paid for. I love learning about crypto currency
You joined a Ponzi scheme. People only join Ponzi schemes for one reason, to steal money.
I’ll be marking any further bUt We HaVe ProDuCtS! nonsense as spam.
OzPonzi schemes are when you recruit people for no reason just to take their money. (Ozedit: False, see below)
The denial is next level ridiculous.
You suppose this tool thinks anybody would believe he’s trying so hard to sell the “product” as why he joined? Assumes everybody is as lacking of faculties as him..
A Ponzi scheme exists where new investment is used to pay existing investors. Period.
A ponzi scheme is when the people at the top make all the money.
Not interested in what you think a Ponzi scheme is. See #57.
That lack of education is catching up with you, trouble grasping basic financial fundamentals.
The company is still up and running. From what I can see , the company offer crypto currency courses. Members can also refer others as well.
100% of the commissions are paid out. I’m trying to figure out how the company are making money? Or is there no company?
Attaching “courses” to a matrix cycler Ponzi still means it’s a matrix cycler Ponzi.
Lion’s Share is a zero sum equation. As long as people sign up to lose money commissions will be paid out.
Since I wrote this review Ward has put a website up. Such to the extent “a company” exists, it’s Ward and a smart-contract script.
Lion’s Share’s Alexa website ranking has begun to tank, so recruitment is down across the board.
For a cycler Ponzi, this is the death spiral unless new victims are found. Typically this means migrating the Ponzi to a new country.
They aren’t “making” money.
Matrixes just redistribute incoming money, when the incoming dries up the outgoing will too, and as with all pyramids it always dries up.
That’s true , without new paying customers the company can’t make any money and it will dry up.
The people who signed up still get the products and services right? They just won’t be able to refer anyone.
Without new victims Ponzi schemes like Lion’s Share can’t shuffle newly invested funds around to pay existing investors.
Irrelevant in light of the above fraudulent business model.
Bundling products/services to a Ponzi scheme doesn’t magically legitimize it or turn investors into “customers”.
Victims ? ok. I just thought some people would rather use the services provided rather then becoming an investor as I don’t want to recruit.
There’s no mention of products and services on Lion’s Share’s website – only the Ponzi scheme.
Even for the purpose of pseudo-compliance, nobody is signing up to Lion’s Share just for the “services”.
Furthermore investing in a Ponzi scheme makes you an investor. Whether you recruit or not is neither here nor there.
Ok thanks that’s a great explanation!
What scam products and services would those be now?
Its says on their website , they offer digital learning products.
I don’t want to refer but just use the products.
Kinda like Udemy.com
What’s the harm if I’m not referring?
I just did a text search for “digital learning products” on “lionsshare.io” homepage and nothing came up.
Ponzi schemes guarantee the majority of participants lose money.
Running, promoting and/or participating in Ponzi schemes illegal. This includes investing in a Ponzi scheme and taking no further action.
If you just wanted the random “digital learning products”, the onus would be on Lion’s Share to offer these separately.
They don’t, because the “digital learning products” are pseudo-compliance for a Ponzi scheme.
Overpriced learning products(you can get the same for free) for “compliance” is an old scheme so irrelevant, it doesn’t hold up in court.
As Oz said, the “Company” is the admins and their buddies at the top, and they are collecting “pass-up” commissions. The “company” (scammers) is making (stealing) its money out of the commission streams.
Another way admins can scrape off their cut is via various fees, like “withdrawal fees.” We’ve seen reports of ridiculous 30% withdrawal fees in some schemes.
The admins always find a way to get paid. And since it’s a zero-sum game, the rest of the suckers lose. That’s Ponzi math.
And since you adked “what’s the harm?” I’ll tell you: your money is helping to fund a criminal enterprise of organized thieves.
Why would you buy products from scammers and also support their scheme? That’s what I want to know.
The referring and recruiting side is irrelevant to me I have no interest. All I want is the courses.
$20 for the education courses seems fair. Udemy.com is selling the same courses for like $199 which I can’t afford.
Seeing as Lion’s Share cannot provide this to you, best look elsewhere.
And can we cut the bullshit already? Lion’s Share don’t provide any information about their courses so quit being disingenuous about wanting them.
How do you know Lion’s Share’s courses are the same as Udemy? Again, they provide absolutely no information about the bundled courses on their website.
No consumer legitimately rocks up to a Ponzi website and goes “hur dur you know what, I want the courses this scam provides absolutely no information about”.
I’d rather learn from free sites like babypips, but maybe I don’t like paying for likely plagiarized content.
I can’t upload screenshots to this comment. But this is quoted from the website “We offer digital education products through our Lion’s Share Academy, that can be accessed from any country in the world”
From what I see in the academy, they cover things like trading , buying , selling , block chain , security, cashing out, wallets etc…. that’s what I’m looking for
That’s from the FAQ, i.e. you had to go looking for it.
Plenty of information about these topics all over the internet. As previously stated, Lion’s Share can’t provide you with just this information because that’s not how the Ponzi scheme is set up.
You of course already know this and are instead trying on the pseudo-compliance con.
This girl has a boner for paying for plagiarized free content clearly.
Gamernz was posting under a bunch of different aliases, all with the same “Lion’s Share Ponzi good” angle. Somme butthurt scammer from New Zealand.
So if you’re in New Zealand and being pitched on Lion’s Share, beware.
“Haley S” is the same person. I’ve cleaned up the comments up to there and sent him/her to the spam-bin.
Best crypto platform avaliable. Would definitely recommend Lionsshare to begginers looking to learn about crypto currency.
Referrals are optional if you want to earn some $$$.
Targeting people clueless about cryptocurrency and Ponzi schemes is despicable.
Only slightly more so than promoting Ponzi schemes to begin with but still.
You need to rethink your life and raise your standards above “common shit” being “The best”.
You deserve better.