TronChain Review: Andreas Kartrud’s 2nd smart-contract Ponzi
TronChain’s website provides no information about who owns or runs the company.
TronChain’s website domain (“trxchain.io”) was registered on July 29th, 2020.
“Swisscoin” is listed as the owner, through an incomplete address in Skane, Sweden.
Further research reveals TronChain marketing videos on Andreas Kartrud’s personal YouTube channel.
In one August 12th video, titled “TRON CHAIN presentation & team call, Kartrud (right) identifies himself as “the creator” of Tron Chain.
Andreas Kartrud is a serial scammer. Over the years BehindMLM readers have pegged him promoting Shopping Sherlock, SwissCoin, Dominant Finance, WoToken, Up2Give, KryptoGlobe, 1 Click Trading and XOXO Network.
More recently, Kartrud featured on BehindMLM as the creator of EtherChain, a smart-contract Ponzi scheme.
Read on for a full review of TronChain’s MLM opportunity.
TronChain has no retailable products or services, with affiliates only able to market TronChain affiliate membership itself.
TronChain’s Compensation Plan
TronChain affiliates invest the tron cryptocurrency (TRX), on the promise of an advertised 310% ROI.
The ROI is generated via a combination of
- 1% a day passive return;
- 10% referral commission on funds invested by personally recruited affiliates; and
- a Matching Bonus on withdrawals by downline affiliates (details below).
Once 310% has been paid out, TronChain affiliates must reinvest equal to or more than they last invested to continue earning.
TronChain pays a Matching Bonus 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.
TronChain caps payable unilevel team levels at fifteen.
The Matching Bonus is paid out as a percentage of withdrawal requests made across these fifteen levels as follows:
- level 1 (personally recruited affiliates) – 30%
- levels 2 to 5 – 10%
- levels 6 to 10 – 8%
- levels 11 to 15 – 5%
Note that in order to unlock all fifteen unilevel team levels, fifteen affiliates must be recruited.
To unlock three levels, three affiliates must be recruited. To unlock ten levels, ten affiliates must be recruited and so on.
Top Referrer Pool
TronChain takes 5% of daily company-wide investment and places it into the Top Referrer Pool.
10% of the collected Top Referrer Pool is paid out to TronChain’s four most active affiliate recruiters every 24 hours.
What happens to the other 90% of the investment kept aside is not disclosed.
TronChain affiliate membership is free.
Full participation in the attached income opportunity however requires a minimum 100 TRX investment.
Considering TronChain is literally a clone of Andreas Kartrud’s EtherChain Ponzi, one can assume EtherChain has gone into decline.
This should be of concern to potential TronChain affiliates, seeing as EtherChain is barely a few months old.
TronChain is the same website template and smart-contract script as used in EtherChain. The only difference is ethereum has been swapped out for tron.
Theoretically Kartrud could swap out tron for any other cryptocurrency and keep reloaded xChain Ponzis ad naseum. He’s limited only by the number of gullible victims he can find to invest.
As with EtherChain, once affiliate recruitment slows down TronChain will begin to collapse.
When recruitment completely stalls TronChain will completely collapse, resulting in the majority of affiliates losing money.
Regardless of the medium used to run one, Ponzi math is a zero-sum equation. In order for Kartrud and his co-conspirators to steal money, a whole lot of people have to lose it.
Update 8th January 2021 – TronChain collapsed a few days ago. Andreas Kartrud has since launched its replacement, Eclipcity Global.
Everybody knows that Andreas Kartrud is the Brain doctor behind Etherchain and Tronchain.
If he was smart he would position himself as the Community Manager which is actually his title on Facebook. But he doesn’t emphasize the fact that the smart contract will stop paying when withdrawals are equal or greater than deposits.
Smart participants understand that. But a big chunk of them think it will go forever. Let’s see if people will go after Andreas once the contract dries out.
Aaaand, he is just pumping them out. Cyberchain 3*2 is the latest offering from Kartrud.
FFS can we just make MLM + crypto illegal already. This is so boring.
And as you may have seen in my comment on the EtherChain review, he retired that one as “The high GAS fees so much that the community stopped the growth and the balance in Ether Chain has now officially gone to 0”.
More like “no new funds were coming in – move on – nothing to see here”.
He claims he will refund everyone to their initial deposits using admin fees from Tron chain and CyberChain, as well as any income from ID 1 in cyberchain.
This will of course take some time, at least a month to “review how much you put into EtherChain and how much you have received”.
Two new Ponzis to save a collapsed Ponzi. Four more Ponzis to save those two Ponzis.
Eight more to… hey waitaminute. We got ourselves a smart contract Ponzi pyramid factory here.
Yes, that’s what ECLIPCITY seems to be. And people are thanking him for promising to pay back what was deposited.
So he is going to have devs spend all that time book-keeping deposits and withdrawals? Not having them spend time on the new chains?
I bet it will be a month, a few will be paid back and testify, probably ones who already withdrew a lot. Then pleas for patience as there is a new excuse.
That’s working definition of DeFi.
Justasec, hol’ up… you sayin’ this Ponzi/pyramid hybrid became a hybrid pyramid Ponzi/pyramid hybrid, and is now turning into a hybrid pyramid Ponzi/pyramid hybrid Ponzi/pyramid hybrid? And then it’s gonna turn into…
Ya know what? I’m tired. And a lil’ dizzy. I’m just gonna… lie down for a minute. I’ll be over there on the couch if y’all need me for anythin’. Jus’ keep it down, ‘k?
Oz, you need a Ponzi pyramid review factory if this keeps up.
Another one of Kartrud’s scams promoted by Shohan Bowala. Serial ponzi pimp.
Seen uswapme.org/ and ume.finance/ ?
He wants to copy justswap. Any thoughts??
UME token = exit-scam.
Why pay out TRON when you can pay out worthless tokens you generate on demand.
And it seems Tronchain went bust. Fund went to zero.
Kartrud has made a video where he explains that thousands of users created stacked accounts that manipulated the system to drain the support. The “insurance fund” was drained.
But don’t worry, Eclipcity will not leave anyone behind. They will build up an insurance fund to make sure everyone can claim any loss.
Just like Tronchain was supposed to insure Etherchain…
Andreas is such a piece of garbage. For anyone reading this, please do not have any dealings with this guy.
Gotta love how he grew his beard out. Could it be to change his appearance? I hope he ends up in prison.