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.
These include Lyoness, Questra World, Cloud Horizon and Crowd1.
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’s Products
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%)
Referral Commissions
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
Joining Troncase
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.
Conclusion
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.
J. Ryan Conley is pushing it hard. Half naked and with a Sovjet cap on. WTF. Check it out: facebook.com/superhumanry/videos/10157405472412282/?d=n
You see the Estonian language because the owner is Estonian: Martin Martin Karus.
He was big in Crowd1 and CloudHorizon, mainly targeting Asian countries. Traffic from Pakistan might be coming from his former team in either of the two previous projects.
Do we have anything concrete linking Karus to ownership of Troncase?
Closest I got was a Ryan Conley video citing Martin Karus and Erik Nurm as Troncase Master Distributors.
I suppose technically if you hold the top positions in a smart contract that makes you an admin.
Russian cyber criminals are probably behind this project too.
The ip that hosts “troncase.io” domain (securitytrails.com/list/ip/190.115.21.250) is also linked to a domain “booter.su”.
“booter.su” appears to be a DDoS attack tool these criminals made: youtube.com/watch?v=npW_XSzitHA
They are also using Russian based privacy guarding service “privacyguard.ru” to hide the domain registry info.
Oooow my god i am soooo proud!!!
I am the official host of #Troncase and hostr 2 of the 4 international zooms <3
I have been the main promotor from the start and lead a great deal of the community.
I am a bit sad i don't show up in the report but i have some great news Oz. I always like reading your messages and am so happy to read this.
I am #PtcPat from the Netherlands and i want to thank you so much for the publicity.
We launched a couple weeks ago and offcourse on my youtube channel you can find the daily zooms which i host so proud.
I come from poverty and this is changing my life <3.
If allowed i would like to place my zoom room to you so you can come and ask questions.
#PtcPat Also a fun fact commission comes directly in the wallet and we grow with 300+ a day now.
You come off as a bit desperate tbh.
Guess Crowd1, Forsage and all the other scams didn’t work out for you either. I’m sure this scam will be different.
Heeey my man I did not do Forsage. I have to say i did crowd1 as i started my online career with that
Has taught me so much!! (Ozedit: spam removed)
You’re supposed to delete the Forsage video from your YT channel before lying about it.
Anyway I don’t know what you think this is but it’s not social media. Offtopic waffle spam is not welcome here.
Ptc pat,you are the type of sad pathetic shitstain individual that happily takes people’s money and dreams and flushes it away for your personal profit, have you actually ever worked a proper job in your life? Or is theft your career choice.
Btw idiot,I DID NOT DO FORSAGE? youtube.com/watch?v=2Skf-26uK4U
Lol you didn’t even clean your channel properly of all the crap you sell
How many Ponzi and MLM scams have you promoted on your Youtube? I’m counting at least
Finalmente
Titan Crypto Club
Crowd1
Troncase
Lionshare
Supersage
Tronchain
Miggster
Forsage
@ptcpat
Lol your comments are hilarious. What a complete joke. No external revenue for this…. I wonder how this is funded..
hmm lets think about that for a second…oh wait I know! New investors!