Bank Of Tron Review –  Ponzi Scheme –  MLM Scam

Website & Company Information

The web domain of the company was privately registered on the 5th of April 2019 and was later updated on 2020–04–03. The website provides no information about who owns or runs the company.

The website has no SSL certificate; this indicates that putting any of your personal information on the side is not a good idea. Another red flag is they have no terms and conditions or privacy policies. We also spotted several Typing/Grammatical errors suggesting that the owner’s native language is not English.

At the time of writing this article, Alexa cites Iran (18.4%), Venezuela (11.5%) and Nigeria (7.1%) as top sources of traffic to Bank of Tron’s website. It is highly likely that the admin is operating from any one of these countries.

As always, if the company is not being transparent about its corporate structure, then you must think twice before handing over your hard-earned money to anonymous people on the internet.

Bank Of Tron’s Products

The company has no retailable products or services, with affiliates only able to market Bank of Tron affiliate membership itself.

Becoming an affiliate allows you to invest in the company using TRX or TRON, which is a cryptocurrency.

Bank Of Tron Compensation Plan

As said above, affiliates invest their convert their funds into TRX and then invest these tokens into the company on the promise of the following advertised returns:

· Diamond Plan — Invest 10 TRX and receive a 3.7% Daily ROI forever

· Platinum Plan — Invest 10 TRX and receive a 4.7% Daily ROI for 45 days with a total of 211.5%

· Gold Plan — Invest 10 TRX and receive a 5.7% Daily ROI for 25 days with a total of 142.5%

· Bronze Plan — Invest 10 TRX and receive a 6.7% Daily ROI for 18 days with a total of 120.6

Note: A transaction fee of 2.5 TRX is applicable for every transaction.

Referral Commissions

Bank Of Tron pays referral commissions in a unilevel compensation plan structure. These commissions are capped at three unilevel teams:

  • 5% — level 1
  • 2% — level 2
  • 0.5% — level 3

Qualification criteria for these commissions are that one must invest at least 10 TRX into the company. All the commissions are paid in Tron.

Joining Bank of Tron

Joining Bank of Tron affiliate membership is not free, it requires a minimum investment of 10TRX.

Conclusion

First of all, we do not know who is running the website or who has delayed the smart contract on the Tron blockchain. This is a matter of concern because in any incident related to fraud, whom would you question?

They are also not providing any retail products or services and this will land them in legal trouble because an MLM must have a retail option when catering to any customer from the U.S or Canada. They are operating illegally.

The other BIG RED FLAG is that they are publicly promising dividends or say Passive income. An MLM can’t promise passive returns if arent registered with the securities regulator in the country they operate in.

There is also a post on Reddit that exposes their back-office transactions:

They held 282.5 million TRX at one point and down to 12 million now…

As we see, affiliates signup, invest funds and receive commissions from the people who join the system after them. And this scheme will collapse when withdrawals exceed new investment. You can see it already happening!