Troncase Review: 300% ROI tron smart-contract Ponzi
Troncase provides no information on its website about who owns or runs the company.
Troncase’s website domain (“troncase.io”) was privately registered on September 9th, 2020.
Official marketing videos on Troncase’s YouTube channel reveal whoever made them is using an Estonian language-based phone.
This suggests whoever is running Troncase has ties to Estonia.
Update 16th February 2021 – Two individuals have emerged as likely Troncase admins; Martin Karus and Erik Nurm.
On February 8th, serial scammer Ryan Conley uploaded a video interview citing Karus and Nurm as Troncase’s Master Distributors.
Being Master Distributors, Karus and Nurm have positions at the top of the Troncase smart-contract. In the absence of anyone higher, that at the very least makes them admins.
Both Karus and Nurm are from Europe, which ties in with the Estonian connection.
As per his LinkedIn profile, Karus started in MLM with Amway in 2010.
In his own words he “made little success” at Amway, prompting him to join and promote MLM Ponzi schemes.
In 2016 a BehindMLM reader tied Erik Nurm to the Nano Club Ponzi scheme.
More recently Nurm worked closely with Karus to scam people through Cloud Horizon and Crowd1.
As per Martin Karus’ Facebook profile, he’s currently hiding out in Malaysia. Erik Nurm’s Facebook profile has him hiding out in Thailand. /end update
At the time of publication Alexa ranks the top two sources to Troncase’s website as Pakistan (48%) and the US (21%).
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.
Troncase has no retailable products or services, with affiliates only able to market Troncase affiliate membership itself.
Troncase’s Compensation Plan
Troncase affiliates invest 100 TRX or more on the promise of an advertised 300% ROI.
The ROI is paid out at a rate of 1% a day. A bonus 0.1% is added daily if no withdrawal is made, capping out at a bonus 0.5% after five days.
There are also additional bonuses to the return rate available:
- everyone receives a bonus 0.1% for every 50,000 affiliate investors that sign up (capped at 0.5%)
- a 0.1% bonus is paid for every 20,000,000 TRX in referral commissions paid (capped at 0.5%)
- a 0.2% bonus is paid for every 80,000,000 TRX invested company-wide (capped at 1%)
Troncase pays referral commissions via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
Troncase caps payable referral commissions at eleven unilevel team levels:
- 7% on level 1 (personally recruited affiliates)
- 3% on level 2
- 1.5% on level 3
- 1% on level 4
- 0.5% on levels 5 to 7
- 0.4% on level 8
- 0.3% on level 9
- 0.2% on level 10
- 0.1% on level 11
Troncase affiliate membership is tied to a minimum 100 TRX investment.
Note that once 300% is paid out, reinvestment is required in order to continue earning.
Troncase, not to be confused with the recently reviewed TronBase, is a simple smart-contract Ponzi scheme.
Troncase affiliates invest tron and the smart-contract slowly pays out a 300% ROI. Returns are paid out of subsequently invested funds, making Troncase a Ponzi scheme.
Referral commissions also add an additional pyramid layer to the scheme.
Typically an MLM crypto smart-contract Ponzi collapses when the admin drains the contract and does a runner.
This comes at the expense of the majority of investors losing money. Math guarantees Troncase won’t play out any different.
Update 27th April 2021 – TronCase appears to be on the road to collapse, prompting its top scammers to start pitching CoinSwap.
Eric Nurm is the face of the company and appears to be now running things from Mexico.
CoinSwap will be another smart-contract scam, this time run on Binance Smart Change.
CoinSwap will use LP token, a Ponzi token created specifically for the smart-contract scam.
Compensation-wise all we know at this stage is there’s a 15% referral commission paid in LP tokens.
Oh and for some reason Ryan Conley is now going by “Ryze Conley”.
We’re assuming that’s because he’s attached J. Ryan Conley to one too many scams.
Pending full details of CoinSwap being available, BehindMLM will publish a complete review at a later date.
Update 29th April 2021 – Some additional updates on CoinSwap; the LP token seems to have been dropped.
It’s now CSS (CoinSwap Token) and will be flogged to affiliates for 25 cents each.
The referral commission appears to be 15% single-level only:
Should you refer $CSS to your friends, 15% of your friends’ rewards will be automatically sent to you whenever your friends harvest $CSS.
Because there’s no MLM component, BehindMLM won’t be publishing a separate CoinSwap review.
Update 12th July 2021 – TronCase has collapsed.