Labubu1.net is a crypto investment scheme that allows users earn when they sign up and buy one of the products. The platform initially started trending when users made the first few withdrawals without having to deposit any money or purchase any of the products but at the moment, it is no longer optional to purchase a product and as such, it’s safe to tag the platform a scam to steer clear of.

Care to know why it’s a full blown scam scheme? This article seeks to explain all there is to know about labubu1.net, the earning methods and the reason why it’s an entirely unsafe earning platform for any one looking for how to earn passively on the internet. Without wasting much time, let’s dive right into the discussion proper!

About Labubu

Labubu is an online crypto investment scheme that allows users earn more money when they register and purchase one of their “Labubu products”. As a user, you are required to invest or buy one of the products after you have created an account and then receive your profits from the site every day and can request for payment once you reach the withdrawal threshold.

The website link is labubu1.net and it appears to be another version of the defunct, Labobupop earning platform reviewed sometime last month. The only difference is, you don’t get to request for payment for free until you have bought one of their products.

The earning methods don’t end with the product purchase, there is another way to earn on the platform and we will get to the earning methods shortly in a detailed manner for you to better understand what the platform claims to offer users.

Earning Methods

There are three main ways to earn on Labubu and they are as follows;

1. Activating A Product

There are 5 active products on the platform that can be purchased by user to earn. The first plan is dubbed, Labubu1 and it’s free to activate because upon sign up, all users are given $40 to buy the first plan. But the first product doesn’t really count as a real product on the site, as you won’t be able to earn anything tangible if you stick to the plan.

There are other products but you have to spend your own money to buy them and when you do, you earn a particular amount of money per day till the expiration date of the purchased plan. For instance, the labubu2 costs $58.8 and you get to earn $0.68 per day for 60 days.

Your earning capacity is dependent on the amount of money spent and the plan purchased. Therefore, by virtue of how the site is designed, you get to earn more if you buy a high plan but if you stick to lower plans, your earning rate will be much lower.

If you want to buy a product, simply login to your newly created account, scroll down on the homepage, if you find the one that is suitable for you depending on the amount you are willing to spend on the platform, then click on Buy now, you will be taken to a new page to recharge your wallet if the amount is not yet in your balance.

Buying one of their Labubu products” mean you have fully opted to participate. I would not advise anyone to take this decision without reading this review till the end.

2. Referral Program

Labubu1.net has a highly enticing referral program that is even seems too good to be true. As a referrer, you earn 30% from your first level referrals, 20% from the second level referrals i.e. Users invited by your direct referrals and then 10% from your third level referrals.

If you do the maths, you get to earn 60% from your referrals on the site. This is perhaps, the highest referral program I have ever seen on any online earning platform and while it appears to be enticing, there is need to be worried especially if you have plans to invest or deposit your own money.

3. Daily Spin

You can also earn some money by spinning a wheel of fortune. However, you get slots to spin the wheel when you refer others. I checked out the spin feature, tried it a couple of times and kept winning just $0.01 USDT — meaning, it’s not really a viable source of income on the platform.

There is a chance of earning some passive or less significant income from the platform through the spin but it’s not significant enough to bank on. It’s more like a side income on the site and should be treated as such.

Withdrawal Process

This is an interesting part of the what would seem like a story so far. Labubu1.net withdrawal threshold is just $4, thus once you have earned up to this amount, you can place withdrawal. At first, withdrawal was possible without necessarily buying one of the paid Labubu products” but they changed the policy.

Now, users must have either purchased the labubu2 plan which costs $58+ or any other paid product to be able to withdraw. So building a large referral team doesn’t really count for something anymore if you don’t deposit your own money.

To withdraw from the platform, click on Me then on Withdraw, select the channel i.e. If you wish to withdraw using USDT Bep20 or Trc-20, enter amount, paste address and submit.

According to the information on the page, withdrawal requests are processed in 24 hours and also, there’s a 5% service charge on all withdrawals and users are entitled to just one payment request in a day.

Is labubu1.net Legit Or Scam?

Labubu1.net is A Scam! It’s a big scam and should be avoided like a plague. There is no points claiming the income from the free product as there is no way to withdraw in the end.

The worst part is, the so called investment products are so expensive. Imagine spending $58.8 just to activate the second Labubu product and you only get to earn $0.68 per day after you’ve spent such money.

I did the maths and discovered you wouldn’t even be able to recover the initial amount spent by the end of the 60 days validity period. It is highly unsafe and unadvisable to spend money on sites like labubu1.net because they are clearly ponzi schemes that will crash after sometime.

In order to make this article more transparent and make our readers understand better why this is a pure scam site, here are some of the key indications that it’s highly unsafe to deposit your funds;

1. Ponzi Scheme Structure

Labubu is a crypto investment scheme that is simply rotating the funds deposited by new users to the old users withdrawing money. That’s why it compulsory to deposit and invest on one of their products. Earning sites that require users to spend their own money with the promise of making more are usually scam and this is no exception.

Why it’s even more dangerous is the fact that, deposits are only in USDT. Crypto scams often leave the “investors” hopeless as the losses when converted to local currency are huge.

2. Unrealistic Referral Earnings

They claim users can earn up to 60% from their referrals and if you check this well, you will notice it’s highly unsustainable and could lead to an early collapse of the platform. It’s as if, the site is designed to enrich referrers but even at that, sites that promise very huge referral earnings are not usually legit. They are just trying to get as many users to deposit in order to have enough money to make away with.

Conclusion

Labubu1.net is a crypto investment platform that should be avoided by all means. The minimum deposit amount is so high and the earning rate is slow, meaning it will take a long while before you even regain your capital which makes the site highly unsafe and unadvisable.

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