The application discussed in the video for earning money is called 'Lovely Pet'. The presenter shows how to find it on the Google Play Store and highlights its positive reviews.
The presenter demonstrates the legitimacy of the Lovely Pet app by showing proof of withdrawals, including amounts like $25 and a total of over $400 earned. He also mentions withdrawing $2 in front of the viewers.
The recommended strategy for earning significant amounts in the Lovely Pet app is through referrals. While offers also provide earnings, the presenter emphasizes that referrals are the best method.
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