EthTRX Review: 10% a day app-based tron Ponzi scheme
A visit to EthTRX’s website reveals an empty backoffice for a few seconds:
Then the message “please logged on” pops up, before the visitor is redirected to an affiliate login/signup form.
When logged in as an affiliate, EthTRX provides a Google Store app link.
Interestingly enough, when I attempted to access the link manually it came back “not found”. Also note the whitepaper link provided is tron’s whitepaper, it has nothing to do with EthTRX.
EthTRX’s website domain (“ether-trx.com”), was privately registered on February 26th, 2022.
SimilarWeb currently ranks top sources of traffic to EthTRX’s website as Ethiopia (37%), Indonexia (13%) and Ukraine (10%).
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
EthTRX’s Products
EthTRX has no retailable products or services.
Affiliates are only able to market EthTRX affiliate membership itself.
EthTRX’s Compensation Plan
EthTRX affiliates invest tron (TRX). This is done on the promise of a daily 5% to 10% ROI.
- VIP1 – invest up to 29,999.99 TRX and receive 5% a day, withdrawals capped at 2.8% of backoffice balance daily
- VIP2 – invest 30,000 to 199,999.99 TRX and receive 6% a day, withdrawals capped at 3% of backoffice balance daily
- VIP3 – invest 200,000 to 999,999.99 TRX and receive 7% a day, withdrawals capped at 3.4% of backoffice balance daily
- VIP4 – invest 1,000,000 to 9,999,999.99 TRX and receive 8% a day, withdrawals capped at 4% of backoffice balance daily
- SVIP – invest 10,000,000 to 99,999,999,999 TRX and receive 10% a day, withdrawals capped at 5% of backoffice balance daily
EthTRX pays referral commissions down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 12%
- level 2 – 5%
- level 3 – 2%
Joining EthTRX
EthTRX affiliate membership appears to be free.
Full participation in the attached income opportunity requires an investment in tron.
EthTRX Conclusion
EthTRX represents it generates external revenue via cryptocurrency mining:
No evidence of mining revenue being used to fund EthTRX withdrawals is provided.
As it stands the only verifiable source of revenue entering EthTRX is new investment. Using new investment to pay ROI withdrawal requests makes EthTRX a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve EthTRX of ROI revenue, eventually prompting a collapse.
There have been a number “VIP” MLM crypto app-based schemed launched recently. I suspect they are being churned out by the same group of scammers, operating out of south-east Asia.
Update 22nd July 2022 – Following a reader comment below claiming non-payment, I went to visit EthTRX’s website only to discover it’s offline.
It thus appears EthTRX has collapsed.
Ether-trx is a scam. It allows you to withdraw part of your investment then it will tempt you to invest again before you recover your funds. Beware!
It’s a scam because it’s a Ponzi scheme, and the only way to be a net winner is by stealing from others. The mechanics are unimportant.
Keep yourself away from all TRX mining platforms or applications.
they are collecting TRX from you and return it back slowly until they reach the half of your deposit then they will stop and ask you to deposit more.
They haven’t investment or mining plans as they claimed and they have the same interface which means that they are belonging to the same group.
don’t forget what happened with Tronseed and their delay lies.
This is scam. When you deposit trx it will slowly pay your own money then the platform locks with ” lucking mining task” that asks you to deposit a large amount of money.
if you pay, again they will pay you a portion of your money and again asks for more. you will never get your money back.
recently they negotiated with me to let me withdraw all my money. they told me to open a tronlink wallet. they helped to bring all my funds in DAPP of ethtrx.net and asked me to deposit 100 USDT in my wallet to begin transfer.
I did that. when I wanted to withdraw the withdraw failed and my 100 USDT transferred without my permission to the the DAPP locked mount.
they told me that I must have 30% of my funds in my wallet to let me withdraw all of that.
I did not trusted because it is apparent that this is a fraud and scam. both ethtrx and tronlink wallet joined in this scam because I did not give them the permission to withdraw my 100$ USDT.
they have access to accounts and wallet to steal from you.
The same thing happened with me they told me to deposit 30% of total value and get all the profitable amounts.
and I did then they told me to money would given with usdt.
after I gave him tronlink address after they told me to put 300 usdt and they put it in Dapp locked account and now they told me to withdrawal put 100%of usdt to withdrawal all asset.
You’re being reload scammed. Your money is gone. Sorry for your loss.
My USDT not withdrawn.
Your backoffice USDT doesn’t exist. Sorry for your loss.
edit: EthTRX’s website’s gone. Kaboom.
My big amount USDT NO Received my fund.
I appreciate you’ve got to be particularly daft to fall for the “click a button” Ponzis this late in the game, but please see above.
I also fell victim to this scam. I met a girl on a dating app and she convinced me to invest in Crypto. I opened a trust wallet and then she connected me to a browser in the app called ethtrx.
Then they ask me to join a mining event where they give out rewards but they don’t tell you the consequences of not meeting the deadline.
Then they will try to extort you saying if you don’t meet the event requirements they will fine you. So you end up paying more.
Luckily my friend stumble on this page which helped me not deposit anymore funds. They will use telegram to communicate with you also.
Beware of dating sites and people asking you to invest.