A go to to EthTRX’s web site reveals an empty backoffice for a number of seconds:
Then the message “please logged on” pops up, earlier than the customer is redirected to an affiliate login/signup type.
When logged in as an affiliate, EthTRX supplies a Google Retailer app hyperlink.
Curiously sufficient, after I tried to entry the hyperlink manually it got here again “not discovered”. Additionally word the whitepaper hyperlink supplied is tron’s whitepaper, it has nothing to do with EthTRX.
EthTRX’s web site area (“ether-trx.com”), was privately registered on February twenty sixth, 2022.
SimilarWeb at present ranks high sources of site visitors to EthTRX’s web site as Ethiopia (37%), Indonexia (13%) and Ukraine (10%).
As at all times, if an MLM firm shouldn’t be brazenly upfront about who’s operating or owns it, suppose lengthy and arduous about becoming a member of and/or handing over any cash.
EthTRX’s Merchandise
EthTRX has no retailable services or products.
Associates are solely in a position to market EthTRX affiliate membership itself.
EthTRX’s Compensation Plan
EthTRX associates make investments tron (TRX). That is performed on the promise of a every day 5% to 10% ROI.
- VIP1 – make investments as much as 29,999.99 TRX and obtain 5% a day, withdrawals capped at 2.8% of backoffice stability every day
- VIP2 – make investments 30,000 to 199,999.99 TRX and obtain 6% a day, withdrawals capped at 3% of backoffice stability every day
- VIP3 – make investments 200,000 to 999,999.99 TRX and obtain 7% a day, withdrawals capped at 3.4% of backoffice stability every day
- VIP4 – make investments 1,000,000 to 9,999,999.99 TRX and obtain 8% a day, withdrawals capped at 4% of backoffice stability every day
- SVIP – make investments 10,000,000 to 99,999,999,999 TRX and obtain 10% a day, withdrawals capped at 5% of backoffice stability every day
EthTRX pays referral commissions down three ranges of recruitment (unilevel):
- stage 1 (personally recruited associates) – 12%
- stage 2 – 5%
- stage 3 – 2%
Becoming a member of EthTRX
EthTRX affiliate membership seems to be free.
Full participation within the connected revenue alternative requires an funding in tron.
EthTRX Conclusion
EthTRX represents it generates exterior income through cryptocurrency mining:
No proof of mining income getting used to fund EthTRX withdrawals is supplied.
Because it stands the one verifiable income coming into EthTRX is new funding. Utilizing new funding to pay ROI withdrawal requests makes EthTRX a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
It will starve EthTRX of ROI income, finally prompting a collapse.
There have been a quantity “VIP” MLM crypto app-based schemed launched just lately. I think they’re being churned out by the identical group of scammers, working out of south-east Asia.
Replace twenty second July 2022 – Following a reader remark beneath claiming non-payment, I went to go to EthTRX’s web site solely to find it’s offline.
It thus seems EthTRX has collapsed.