TRX Money Review: Crypto mining “click a button” Ponzi
TRX Money fails to provide ownership or executive information on its website.
TRX Money has two known website domains; “trx.money” and “trx.plus”. Both domains were privately registered on July 15th, 2024.
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.
TRX Money’s Products
TRX Money has no retailable products or services.
Affiliates are only able to market TRX Money affiliate membership itself.
TRX Money’s Compensation Plan
TRX Money affiliates invest tron (TRX).
This is done on the promise of advertised passive returns:
- VIP1 – invest 1 to 199.9 TRX and receive 10% a day
- VIP2 – invest 2000 to 4999 TRX and receive 11% a day
- VIP3 – invest 5000 to 9999 TRX and receive 12% a day
- VIP4 – invest 10,000 to 19,999 TRX and receive 13% a day
- VIP5 – invest 20,000 to 49,999 TRX and receive 15% a day
- VIP6 – invest 50,000 to 99,999 TRX and receive 17% a day
- VIP7 – invest 100,000 to 199,999 TRX and receive 20% a day
- VIP8 – invest 200,000 to 499,999 TRX and receive 25% a day
- VIP9 – invest 500,000 to 999,999 TRX and receive 30% a day
- VIP10 – invest 1,000,000 to 50,000,000 and receive 40% a day
TRX Money pays referral commissions on invested funds down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 13%
- level 2 – 2%
- level 3 – 1%
Joining TRX Money
TRX Money affiliate membership is free.
Full participation in the attached income opportunity requires a minimum 1 TRX investment.
TRX Money Conclusion
TRX Money is yet another “click a button” app Ponzi scheme.
TRX Money’s “click a button” Ponzi ruse is crypto mining:
By joining the TRX Money platform to participate in mining, the platform has its own mining farm and uses a more energy-saving and efficient mining model to obtain income.
The platform distributes the income obtained from mining to each user at a reasonable and fixed dividend ratio.
The presented ruse is TRX Money affiliates purchase a virtual mining machine. They then log in and click a button to receive mining revenue (the more invested the more buttons have to be clicked).
TRX Money’s cloud mining operations purportedly generate revenue, which is then shared with affiliates.
If that makes no sense it’s because it doesn’t. If TRX Money already has crypto mining operations set up, what do they need your money for?
In reality clicking a button in TRX Money’s app does nothing. All TRX Money does is recycle newly invested funds to pay earlier investors.
TRX Money is part of a group of “click a button” app Ponzis that emerged in late 2021.
Examples of already collapsed “click a button” app Ponzis using the same cloud mining ruse include Jump Mining, SKP Mine and Stronghold Digital.
Since 2021 BehindMLM has documented hundreds of “click a button” app Ponzis. Most of them last a few weeks to a few months before collapsing.
“Click a button” app Ponzis disappear by disabling both their websites and app. This tends to happen without notice, leaving the majority of investors with a loss (inevitable Ponzi math).
The same group of Chinese scammers are believed to be behind the “click a button” app Ponzi plague.