What is TronChain About?
Cryptocurrencies have grown significantly over the past decade. This is all thanks to Bitcoin, the original virtual currency, which is still the leading currency to date. It’s value increased substantially in the earlier years and it grabbed the attention of the online community. Naturally, hundreds of investment opportunities flourished as a result of this.
No doubt, scammers were not far behind. Dubious schemes started popping up, convincing unsuspecting people that they could easily invest in cryptocurrency and make a fortune. A lot of people invested (and continue to do so) not knowing that these were pyramid schemes.
Today, we’ll be reviewing a business named TronChain, which is probably one of the most infamous rebranded Ponzi schemes that I’ve come across.
The fact that you’ve taken a moment to scrutinize this product before signing up should be applauded. You’ve done yourself a huge favour. Your due diligence will save you from potentially wasting your time and money.
A good bit of research always goes a long way in the fight against online scams. Creating a sustainable full-time online business is not difficult. You just need to know where to look.
Before we proceed I’d like to let you know that I’m not linked to TronChain in any sort of way and I’m not trying to sell you this product.
Instead, I’d like to uncover the truth behind this cryptocurrency program and whether it offers you sustainable profits…
TronChain Product Review
- Name of Product: TronChain
- Owner: Andreas Kartrud
- Type of Product: Cryptocurrency MLM Opportunity
- Cost of Product: 100 TRX Investment or at least $2.42
- Who Is This Product Best For? NOBODY!
TronChain Product Summary
TronChain is a multi-level marketing business that claims to be a cryptocurrency investment scheme. The program’s creator is a guy named Andreas Kartrud, however, it’s merely a copy of an obsolete Ponzi scheme that went by the name of EtherChain.
Both programs are practically identical except for the fact that they use different cryptocurrencies.
Product Rating: 1/100
Would I Recommend This Product: Definitely Not!
TronChain is an MLM company that claims to specialize in cryptocurrency, but it has come to light that the business is simply a rebranded version of an older Ponzi scheme named EtherChain.
TronChain uses the same construct as its predecessor EtherChain. The only differentiator between the programs is that TronChain uses Tron Cryptocurrency and EtherChain uses Ethereum. Both cryptocurrencies are authentic and hold a certain value when you take them out of the market.
TronChain is owned by an infamous scammer called Andreas Kartrud. He’s operated a lot of Ponzi schemes, and EtherChain was the most recent one that he was involved in.
Just to put things into perspective, below is a list of Ponzi schemes that Andreas has instigated:
- Shopping Sherlock
- 1 Click Trading
- XOXO Network
There’s also a possibility that TronChain is called Trx Chain, it appeared on DapRadder as a different site that goes by a similar name. The site operates practically the same as TronChain, however, I’m yet to verify whether they are both the same business.
A quick WhoIs search shows that the domain for TronChain was registered in July 2020, which means that the site is merely a few months old at the time of writing.
The product’s promotional videos can be viewed on Andreas’ own YouTube Channel. Andreas addresses himself as the developer of TronChain on one of his most recent videos.
TronChain Product Range
The program does not provide any actual products or services as part of the multi-level marketing compensation plan. The company only offers you the opportunity to invest and nothing else beyond that!
Does TronChain Work?
We’ve established that TronChain is a copy of EtherChain. So, what happened to EtherChain? The fact that TronChain has recently been launched means that its predecessor got shut down.
EtherChain was only live for a few months before it collapsed. Who’s to say that the same thing won’t happen to TronChain?
The new company follows a similar design as the old one and has even included the same smart contract script used by EtherChain. The only difference is TronChain uses Tron as its preferred cryptocurrency rather than Ethereum.
And if TronChain goes bust, Andreas will simply switch to a different cryptocurrency and rebrand the program. Can you see the pattern here?
When the recruitment begins to dry up, the business will eventually grind to a halt and shut down. This is because the only way that the company makes revenue is through the money invested by new members that are recruited to the program.
There’s zero evidence that the company is trading or investing monies to create profits and a return on investment for its members, which is what’s claimed in the marketing material.
How Do You Profit with TronChain?
There’s only a single method to profit with TronChain and that’s by investing in the product. The company assures members that they will make a return on investment and also earn commissions from recruiting more members.
But the company downplays the fact that your commission from recruits depends on the amount of money those members invest in the program.
Getting Started with TronChain
TronChain doesn’t charge a membership fee but you will have to invest at least 100 TRX to access their compensation plan, which is equivalent to $2.42 at the time of this writing.
TronChain Compensation Plan
As a member of TronChain you will be required to invest exclusively in the Tron cryptocurrency or TRX, on the basis that you will receive a return on investment of 301%.
Therefore, if you invest $2.83 it will triple by utilizing the steps detailed below:
- 1% per day of passive return;
- 10% referral commission for monies that your direct recruits invest; and
- a Matching Bonus is rewarded for withdrawals by downline affiliates (more on this in the next section).
As soon as the return on investment has run its course, members have the option to start the investment cycle all over again if they want to keep making more money.
TronChain Matching Bonus
The company uses a uni-level compensation model to reward members with matching bonuses. Therefore, your recruits will be positioned on level 1, and members recruited by your recruits will be positioned on level 2. The number of levels in this pattern are unlimited.
The bonus is calculated according to the percentage of withdrawals at each level.
- 1st level (your direct recruits): 30%
- 2nd – 5th levels: 10%
- 6th – 10th levels: 8%
- 11th – 15th levels: 5%
To benefit from the uni-level compensation structure you need to build a team with at least 15 members.
TronChain Top Referrer Pool
TronChain takes 5% of the investments made across the company each day and puts them towards the Top Referrer Pool.
10% of the collected pool is used to reward the program’s top performing recruiters everyday. We are never told what happens to the remaining 90% of the pool.
1). It’s a Copy Of A Pyramid Scheme
We’ve already discovered that TronChain is simply a copy of an earlier Ponzi scheme run by the same owner. These programs are popular because scammers make fortunes from developing blockchain schemes.
Essentially, the owners build variations of the program under different brands, and promote them to people with little knowledge about cryptocurrency. The scammers take out money from the site that makes the most profit first, then use that money to continue building more versions of the same scam.
Why is this a pyramid scheme? Because the only way for the company to make money is from the investments made by new members. Guess what happens when the recruitment stops? The company collapses.
2). The Owner Instigated Other Schemes
TronChain is clearly a Pyramid scheme. The owner has a reputation of running unscrupulous programs, and he’s run all of them into the ground. I find it hard to believe that Andreas has changed his ways and is all of a sudden operating a legitimate program.
My guess is that TronChain will suffer the same fate as EtherChain. Are you going to stick around for that to happen?
3). These are NOT Smart Contracts
TronChain gives the illusion that their product is powered by a secure smart contract. We are told that members can withdraw funds as long as monies are showing in the balance. We are also made to believe that the admin team can only take out money once.
However, none of this is true. A smart contract can contain a command that lets the owner or the person in possession of it to take out money from the contract.
Hence, audits are carried out on smart contracts before they’re authorized to be secure. The audit involves programmers searching for codes that could potentially be a backdoor into the contract, therefore, compromising the integrity of the DAPP.
It comes as no surprise that the smart contract at TronChain has not undergone an audit. As a result, this investment is considered to be high-risk by DappRadar.
Advantages of TronChain
Sorry folks! TronChain comes with ZERO benefits.
Is TronChain a Scam or a Legit Business?
Unfortunately, TronChain is a rebranded version of a previous program that turned out to be a pyramid scheme. The only difference between the 2 programs is that one used Tron and the other Ethereum cryptocurrency.
I would NOT recommend this program because it’s just another lousy pyramid scheme that’s heading in the same direction as it’s predecessor. When the recruitment dries out, so will the business.
Steer clear of TronChain!
How Do I Use The Internet to Make a Full-Time Salary?
I’m not a big fan of get-rich-quick schemes or Cryptocurrency MLM programs, let’s just say that I’ve been caught short a few times.
Instead, an Amazon FBA Business is my leading recommendation for people that want to build a thriving full-time online business working from home.
Here are my reasons why…
- There’s no pressure to recruit family and friends, or anyone else for that matter.
- Learn a unique method to source incredible, high profit, low-competition products that are virtually hidden from your competitors.
- You don’t need to sell hundreds of different products to create lucrative profits with this fresh, exciting business model.
An Amazon FBA business can help you to…
Generate a 5-7 Figure Salary and become financially free from the limitations of a traditional day job. You can do this in less than 12 months!
If you want to find out how I did it, Click Here!