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TronChain Review: TRXChain.io is a Rebranded Smart Contracts Scam

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TronChain Review: TRXChain.io is a Rebranded Smart Contracts Scam

TronChain is claiming to be a reliable and efficient system. Its domain, TRXChain.io, states that the company is operating with the help of smart contract technology to provide profits to all kinds of users. Moreover, the company is claiming to be a fully transparent company. 

However, there are many different aspects of TronChain that make it a highly suspicious company. Therefore, you should read this article to get all of the important information about TRXChain.io and make up your mind about investing in this platform.

Overview of TronChain

TronChain is a new platform as its domain was registered in July 2020. Yet, the company is trying to project itself as some kind of a highly successful and profitable platform. TRXChain.io does not provide any information about the owner of the platform. 

However, its marketing material and reference to the official YouTube channel shows that Andreas Kartud is running the company. Kartrud is a well-known serial scammer in the crypto industry. He was previously associated with scam companies like SwissCoin, WoToken, and many others. Moreover, he was running another smart contract Ponzi scheme called EtherChain. 

This shows that the owner of TronChain, Andreas Karud, is a serial scammer. It is a huge blow to the credibility and legitimacy of TRXChain.io.

TronChain

How to Join TronChain?

The initial affiliate membership of TRXChain.io is free. However, if you want to participate in the income structure of the company, you will have to make an investment of at least 100 TRX. 

Moreover, as expected from a company like TronChain, it does not offer any products or services. Instead, it is operating as a simple Ponzi scheme that is asking for investment and promising profits over a period of time. 

The following income structure of TRXChain.io shows that the company actually does not have any significant earning opportunities. 

Income Structure of TronChain 

TronChain is trying to present itself as a reliable crypto platform that can provide you profits in exchange for TRX investment. However, the income structure of TRXChain.io does not mention any detail about these procedures in the crypto industry. 

Instead, the company is simply making a promise of providing 310% ROI. The website states that you can earn these profits with the help of the following three measures:

  1. Daily ROI of about 1% to help you in generative passive income.
  2. Personally recruit the affiliates to generate a 10% referral commission.
  3. Matching Bonuses

TRXChain.io also states that once you get the 310% ROIs, you will have to reinvest in the company to keep earning more profits. This kind of business model shows that the company wants you to keep investing in the company as long as you can.

The various parts of the income structure of TronChain are basically the referral and recruitment commissions. However, the company is presenting these types of commissions as something completely new and unique. In reality, these bonuses are found in many other Ponzi schemes. 

Matching Bonus

TronChain is using a traditional uni-level compensation structure to pay matching bonuses to the users of TRXChain.io. Such kind of structure means that an affiliate is at the top of the team while he or she can recruit two members on the first level 1. These positions are divided into further positions in the subsequent levels. The total number of unilevel teams at this company is fifteen.

Moreover, TRXChain.io provides the following breakdown of the payment of Matching Bonuses:

  • Members of Level 1 can earn 30% bonuses.
  • Members of Level 2 to Level 5 can earn 10% bonuses.
  • Affiliates of Level 6 to Level 10 can earn 8% bonuses.
  • Affiliates of Level 11 to Level 15 can earn 5% bonuses.

The compensation structure makes it clear that you will have to recruit a number of affiliates to make any kind of significant profits. However, it is quite disappointing to see that TRXChain.io does not provide any details about withdrawing these kinds of profits. 

Therefore, it is highly possible that the company does not have any plan to provide you these profits. It is only making these claims to entice people to invest in the company. However, you will end up losing your investment in the end. Hence, you should avoid investing in TronChain. 

If you are really interested in investing in the crypto industry and earn profits from legitimate sources, you should consider investing in crypto cloud mining companies. These companies offer a variety of account plans and mining options so that both beginners and experts can use them and mine crypto coins. 

Top Referrer Pool

Another kind of bonus offered by TronChain is the Top Referrer pool. TRXChain.io states that you can earn up to 5% of the daily investment in this pool. Moreover, the affiliates who are very active in recruiting other members can claim up to 10% of the funds in the Top Referrer Pool.

However, the company does not provide any information about the remaining funds. It shows that a significant amount of money will be collected in this pool, and only 10% to 20% will be distributed. Since the company is not providing any information about the rest of the funds, it is highly possible that it will be kept by the company itself. 

Even though the company is presenting these three different methods of making profits, there is no major difference between them. All of them revolve around recruitment and referral commissions. These tactics are quite common in Ponzi schemes to promote the company and entice more people to invest in them. 

TRXChain.io

This entire income structure shows that the company is trying its best to get investment from the users by promising a variety of bonuses. However, if you closely look at these bonuses, you will see that the core of the income structure is recruiting other members. 

This kind of business model is common in many Ponzi schemes. Referring this TronChain to other people will make it grow quickly as more and more investment will be pouring into the company. However, it will eventually collapse like any other Ponzi scheme.

Conclusion

There is no doubt about the fact that Andreas Kartrud is running TronChain. Kartrud is known to be a serial scammer in the crypto industry. The business model of TRXChain.io is similar to many of the other Ponzi schemes started by Kartrud in the past. 

Moreover, this platform has emerged soon after the collapse of EtherChain. You can expect TronChain to collapse within a few months. Therefore, you should not invest any kind of money in this platform. 

You should also remember the fact that TronChain initially presents itself as a modern smart contract platform in the crypto industry. However, the actual business model and income structure have nothing to do with crypto technologies. Instead, it is a simple Ponzi scheme that is asking affiliates to keep hiring more and more members to earn any significant profits. 

The end of all of these Ponzi schemes is the same. The recruitment at TronChain will stop. As a result, the platform will not have any financial resources to keep operating. Eventually, the company will collapse, and TRXChain.io will shut down. 

Hence, there is no point in wasting your money on a Ponzi scheme like TronChain. Instead, you should invest in crypto cloud mining companies that provide a variety of income opportunities. You can rely on these legit platforms to mine your own crypto coins and earn a good amount of profits. 

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