Originally Syndicated on June 11, 2024 @ 9:00 am
Note: If an MLM company is not honest about mentioning who runs or owns it, consider joining or investing very carefully.
TRX Money has two known website domains; “trx.money” and “trx.plus”. Both were privately registered on July 15th, 2024. It has no retailable products or services but the affiliates can market TRX Money affiliate membership.
TRX Money affiliates invest tron (TRX). This is done on the promise of the following advertised passive returns:
- VIP1 – invest 1 to 199.9 TRX and receive 10% a day
- VIP2 – invest 2000 to 4999 TRX and receive 11% a day
- VIP3 – invest 5000 to 9999 TRX and receive 12% a day
- VIP4 – invest 10,000 to 19,999 TRX and receive 13% a day
- VIP5 – invest 20,000 to 49,999 TRX and receive 15% a day
- VIP6 – invest 50,000 to 99,999 TRX and receive 17% a day
- VIP7 – invest 100,000 to 199,999 TRX and receive 20% a day
- VIP8 – invest 200,000 to 499,999 TRX and receive 25% a day
- VIP9 – invest 500,000 to 999,999 TRX and receive 30% a day
- VIP10 – invest 1,000,000 to 50,000,000 and receive 40% a day
TRX Money pays referral commissions on invested funds down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 13%
- level 2 – 2%
- level 3 – 1%
TRX Money affiliate membership is free but participation in the attached income opportunity requires a minimum 1 TRX investment.
Conclusion
TRX Money is yet another “click a button” app Ponzi scheme using crypto mining:
By joining the TRX Money platform to participate in mining, the platform has its own mining farm and uses a more energy-saving and efficient mining model to obtain income.
The platform distributes the income obtained from mining to each user at a reasonable and fixed dividend ratio.
The trick shown is TRX Money affiliates purchase a virtual mining machine. They then log in and click a button to receive mining revenue (the more invested the more buttons have to be clicked).
TRX Money’s cloud mining operations claim to generate revenue, which is then shared with affiliates. If TRX Money already has crypto mining operations set up, what do they need your money for?
The truth is clicking a button in TRX Money’s app does nothing other than recycle newly invested funds to pay earlier investors.
Some other app Ponzis using the same cloud mining ruse include Jump Mining, SKP Mine and Stronghold Digital have already collapsed.
“Click a button” app Ponzis disable both their websites and app without any notice, and the investors suffer loss.
A group of Chinese scammers are said to be behind the “click a button” app Ponzi plague.
