According to Tronvest.co, Tronvest is based on blockchain technology that allows people to invest online and earn smartly. The company claims to use smart contracts and generate profits for the users.
The company invites the users to join the Tronvest liquidity pool and provides benefits of DEX, Token and Wallet Crypto Ecosystem.
Let us move further and dive into the company details along with the Tronvest compensation plan followed by our honest review.
And at last, we will answer the question Does Tronvest is another Cryptocurrency MLM Scam or a legitimate investment opportunity?
What is Tronvest?
First of all, there is no data available on the website regarding its owner or any of the operators who run the website.
Tronvest.co domain is first registered on 2nd March 2021 and first archive.org snap is available of April 2021. Hence it is started just a few months ago.
The website includes the telegram channel links of its representatives from many different countries such as India, Canada, Greece, USA, Netherlands, Africa and others.
According to Alexa stats, most of the traffic on Tronvest.co is from South Africa and the USA.
The company assures that its platform is transparent, decentralized, and highly secured. But the official website does not have an SSL certificate.. weird!
Tronvest claims to provide a 300% return on the investments.
Tronvest plan is operated on Tron coin (TRX) founded by Justin Sun.
Note that, Tron coin and Tronvest have no direct connection. Tronvest just uses Tron for all its transaction.
|When Started||2 March 2021|
As per the website, 4 easy steps have to be followed to join Tronvest and start earning.
- Purchase TRX from any popular platform.
- Download any crypto wallet app or browser.
- Transfer the purchased TRX to the smart contract.
- Start your earnings based on the affiliate level.
Tronvest recommends Klever App and TronLink/TronMask Extension for the browser.
To join Tronvest, one needs to have a minimum balance of 100 TRX in the personal wallet. The maximum contribution amount is limited to 4,000,000 TRX.
Tronvest Compensation Plan
1.5% basic reward is given to every affiliate daily up to his last contribution.
Apart from basic rewards, the compensation plan includes 2 ways in which a Tronvest affiliate can earn: Bonuses and Referral Commissions.
4 types of bonuses are paid to the Tronvest affiliates based on their investment, earnings and contracts.
1. Personal Hold Bonus
When you don’t withdraw your earnings, your reward rate increases by 0.1% per day and max up to 0.5%.
After each withdrawal personal hold bonus goes back to zero and increases again in the same way.
2. Leader Bonus
0.1% additional reward is shared every time when Tronvest distributes 20,000,000 TRX as referral rewards.
3. Community Bonus
0.1% additional reward is shared with 50,000 active users. But no condition is given on it.
4. Contract Total Bonus
Additional 0.2% reward for making 80,000,000 TRX on Smart Contract Balance.
Tronvest Referral Commission
The Tronvest affiliates can earn referral commissions up to 11 levels.
This is a one-time commission, a fixed percentage on the total TRX sent to Tronvest smart contract by the downline is given as referral commission.
- 9% on level 1
- 5% on level 2
- 3% on level 3
- 1% on level 4
- 0.5% on level 5 and 6
- 0.25% on level 7 and 8
- 0.1% commission on the remaining levels i.e. 9, 10 and 11.
Tronvest seems an attractive investment opportunity. But let us share some insights, which brings Tronvest into question.
There is no data available on the website regarding the operator of Tronvest.
The official website has lots of empty hyperlinks. There is an option to select a language preference, but all the options lead only to English.
Here are few major red flags to be considered.
No Legal Presence
There is no legal presence of Tronvest in any country neither any registration proofs are provided on the official site.
Tronvest is operating on public investment and it is necessary to register under regulators to ensure the safety of investors’ money. More precisely we can say, Tronvest is doing a security fraud.
Tronvest claims to provide a 1.5% daily return and 300% overall ROI. Now the question is, How this extraordinary return is possible with a gurantee?
Tronvest has not disclosed anything regarding the ROI source and claiming to provide security assurance with the smart contract which seems a hoax.
On Tronvest.co, there are two buttons to view audit reports and both of them are not working.
Until and unless we don’t know the actual source of ROI, Investing in Tronvest is a huge mistake.
The look and design of Tronvest.co is similar to Troncase.io.
Both these websites have the same font styles, headings, design, offers as well as plans. There is only one difference among the two i.e. the ROI.
Mostly Crypto-MLM scam reboot after every breakdown and here both website seems to be the property of one owner.
All these above facts combined indicate that Tronvest is a Ponzi scheme and doing money circulation using Tron.
Operators of Tronvest and Troncase are hiding. They are promising guaranteed returns with no risk, which is not possible in the real world.
By offering referral commission, Tronvest is luring investors to bring more people to invest in them.
Even in the official Telegram channel of Tronvest, there are some investors complaining about withdrawal issues.
Should I join Tronvest?
From all the above points, it can be concluded that Tronvest is not a legit company.
It can be found that the company collects the money of new affiliates and distributes it as a reward for the old affiliates.
It simply proves Tronvest as a Ponzi scheme that may take away your investments and shut any time, might be the next day after you join.