Labubupop.com is a so called crypto mining project that is being heavily promoted on various social media platforms as legit and paying for “free”. Due to the increasing trend and for the fact that the platform has to do with cryptocurrency, I decided to conduct some level of research into what the platform truly is, and how it works and guess what? I discovered it’s a potential crypto scam in the making and as such, it’s important for all intending users to bear that in mind.

In this article, we will be having a detailed look at what labubupop is all about, the earning methods, why it’s being heavily promoted on social media and the reasons why you should probably steer clear unless you wouldn’t mind losing your money in the long run. So without wasting more time, let’s dive right into the topic of the day.

About Labubupop

Labubupop.com is a crypto earning website that pays users money for conducting simple activities/tasks on a daily basis. They claim to be doing a promotion at the moment where all new users are given $30 USDT to use in buying one of their virtual products otherwise known as “Labubu 1″ and in turn, gets rewarded with $0.1 on a daily basis and can withdraw the proceeds from the plan when they reach the set minimum withdrawal threshold.

Therefore, the free plan is what most people rushing at the moment, promoting the platform to others. But it doesn’t end there, you also earn by spinning a wheel on a daily basis and referring others. We will get to the earning methods in detail shortly, for now let’s just understand what the platform is.

So, you earn on Labubu by buying one of their products; at the moment, there is no plan to buy since they claim to be doing a promotion. However, they’ve announced a deadline for the so called promo — when they get to 100,000 members.

They claim, after full launch, users would have to register and deposit or recharge, then use the money to buy one of their earning products to continue earning more money and since it’s going to soon involve real-life deposits, the earning rate will be much higher.

Earning Methods

There are three main ways to earn on labubupop.com and they are as follows;

1. Spin A Wheel

There is a feature to spin a wheel of fortune on a daily basis to earn some money. You can earn anywhere from $0.1 to $100 for free by just clicking on a button daily to spin the wheel. Additionally, there is a chance to receive free products by just spinning daily.

The spin and win feature is part of the earning methods and at the moment it’s functional. You can actually use it to add up your total earnings.

2. Buying A Product

There are numerous products on the platform with varying prices and different potential amounts to earn after buying each.

The free plan is the Labubu 1 and it comes with a daily earning of $0.1 but when you purchase higher products, your earning rate will be much higher. It’s a simple logic, spend more to earn more. But the other paid products are slated to fully launch and be accessible when they attain 100k users.

If you have ever participated in conventional ponzi schemes like the ones being reviewed on a near daily basis on this blog, then you should know what labubupop is headed. The whole products are just there to get all interested users to spend money on the platform, thus enriching the administrators and putting the participants at risk of losing their money.

3. Referral Program

Labubupop has a referral program that is in tiers. You earn 50% commissions from your first level referrals and 10% from second level & third level respectively. Imagine being paid 50% commissions of whatever your referrals’ earn? Doesn’t it sound enticing? I bet it does. The referral program is the driving force for the massive promotion being done on social media by people.

The reason is, referrers are still being paid for referrals who are on the free plan and for that reason, alot of users who have the means to build large teams are doing all they can to milk enough money from the opportunity.

So be wary of the posts you see on social media; careful not to be swayed into joining something that will end up make you lose money.

Withdrawal Process

To withdraw money from labubupop.com, you need to have a crypto exchange account or wallet. Reason is, withdrawals are in USDT, thus you have to select the network to withdraw your USDT in (ETH, Tron, Bep20) copy the address and submit on the withdrawal page.

It is important to only submit after you’ve confirmed the various details as there is no way to modify any information without contacting a customer support representative. After binding your withdrawal address, proceed to tap on the Withdrawal again, select the amount you wish to withdraw.

The threshold is $4, meaning you must earn up to the amount before you will be allowed to make withdrawals. After that, submit and wait for payment. According to the information on their withdrawal page and from what I have seen, payments get processed within 24 hours.

Is labubupop.com Legit Crypto Mining?

Labubupop.com is not Legit. Secondly, contrary to what many like to call the platform, it’s not a crypto mining project. It’s just a crypto earning platform launched with the intent to scam users at the end.

You may be wondering what I mean by scam users at the end. So, allow me to enlighten you.

First things first, labubupop.com is a crypto Ponzi scheme that hasn’t taken it’s full form, YET. The so called products you see on the platform are plans users would have to buy in order to earn more money and failure to buy it in a short while would mean, inability to make withdrawals. This is not the first time such platform is getting launched, they intentionally allowed users to withdraw for free — as a trick to lure in more users.

Also Read: Nickt.vip Review: A Crypto Mining App Or A Scam? (The Truth)

Now that they are about to hit 100k users, they want to launch fully and unveil the plans they have. Therefore, if you have not yet withdrawn from the platform, then try as much as possible to reach the threshold and test run the withdrawal because failure to do so, would mean total waste of time when they eventually make deposit before withdrawal compulsory.

Secondly, the earning structure is too unrealistic to be true. They claim users who refer others earn 50% commissions on a daily basis from their referrals and also 10% from the second and third levels. This earning structure is too high for a platform that has plans to last a bit.

If you have ever participated in ponzi scams, then you would understand where I’m coming from. Platforms with very high payout structure tend to crash very fast thus leading to loss of funds.

There is no future for labubupop.com. if you are a participant currently, try as much as possible to build a team and make withdrawals before they kick off fully as a lot of changes will be made when they eventually launch.

Another key sign that they are fraudulent is the fact that, minimum withdrawal is on the high side considering how much users earn from claiming the bonus from the free product. You earn only $0.1 per day from claiming the proceeds from their so called free product. Imagine how long it will take for a user with 0 referrals to reach $4?

So if you are currently claiming daily with hopes of withdrawing when you are able to reach minimum threshold, better think again. It’s best to just close tab and move on as there is a very high chance rules will be changed before you eventually accumulate up to the threshold.

Why is Labubupop.com Being Promoted?

The answer is simple. Labubupop crypto scam platform is being heavily promoted by users on social media due to their enticing referral program. Since referrers are being paid commissions for getting users to just claim the free product, alot of people are promoting it in order to earn commissions from their referrals.

It’s simply driven by selfish interest and not because they want you to be self sufficient. Anyone you see promoting or talking about labubupop, just have it at the back of your mind that such a person is doing so for the referral program.

Conclusion

Labubupop.com is a scam crypto project in the making. Therefore, it’s highly unadvisable to spend a dime on the site in the name of upgrading or buying higher product regardless of the rules they introduce in the future. When deposits before withdrawal is made compulsory, kindly close the tab and move on like the website never existed instead of risking your hard earned money.

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