Forsage is an ethereum smart-contract Ponzi scheme put collectively by Lado Okhotnikov.
In accordance with his Fb profile, Okhotnikov relies out of Moscow, Russia.
Okhotnikov (proper) describes himself as “the king of decentralized MLM”.
“Decentralized MLM” being code for crypto Ponzi schemes.
Launched in April 2020, by September or so Forsage had gone into decline.
This prompted Lado to launch Fortron, the identical smart-contract Ponzi recycled with TRON.
After publishing our Forton evaluate final September, I figured that was the top of Okhotnikov’s smart-contract recycling.
Just lately nevertheless I used to be contacted by a reader informing me they’d been pitched on new Forsage spinoffs.
At present we’re Okhotnikov’s third Forsage firm; ForsageTron.
ForsageTron’s Merchandise
ForsageTron has no retailable services or products, with associates solely capable of market ForsageTron affiliate membership itself.
ForsageTron’s Compensation Plan
ForsageTron associates make investments 700 TRX right into a two-tier matrix cycler.
Dubbed ForsageTron X3 and ForsageTron X4, two two matrix sizes utilized by ForsageTron are 3×1 and a couple of×2 respectively.
A 3×1 matrix has three positions to fill.
A 2×2 matrix has two positions on the primary stage. The second stage is generated by splitting the primary two positions in to a different two positions every (6 positions in complete):
When a ForsageTron affiliate indicators up their 700 TRX buy-in is break up 350 TRX evenly between the 2 cyclers.
There are twelve tiers of every cycler. In accordance with ForsageTron’s web site FAQ;
Every stage is strictly 2 instances costlier than the earlier and lets you earn 2 instances extra.
This might imply the second cycler tier throughout each X3 and X4 prices 700 TRX to enter, then 1400 TRX and so forth and so forth.
For reference I’ve detailed the primary tier for each X3 and X4 beneath.
In step with the elevated positions prices throughout the twelve tiers, cycler returns paid out additionally double every stage.
ForsageTron X3
Funds in ForsageTronX3 are easy:
- an affiliate retains 350 TRX from the primary two positions within the matrix
- the third 350 TRX place is used to create a brand new ForsageTron X3 matrix cycler place
On the primary ForsageTron X3 cycler tier, this equates to:
- 750 TRX saved
- 350 TRX used to purchase a brand new first tier X3 cycler place
Though the buy-in and payouts improve, the opposite eleven ForsageTron X3 cycler tiers function in the identical method.
Forsage X4
Owing to their being two ranges, funds in Forsage X4 are just a little extra difficult.
The 2 positions on the primary stage of the matrix pay to the primary upline, that’s the affiliate who recruited you.
Then on the second line, the primary three place funds are saved. The fee from the fourth place is used to pay a brand new ForsageTron X4 cycler place.
On the primary Forsage X4 cycler tier, this equates to
- 700 TRX handed upline
- 1050 TRX saved
- 350 TRX used to purchase a brand new first tier X4 cycler place
Though the buy-in and payouts improve, the opposite eleven ForsageTron X4 cycler tiers function in the identical method.
Becoming a member of ForsageTron
ForsageTron affiliate membership is tied to a minimal 700 TRX funding in cycler positions.
Conclusion
ForsageTron is extra of the identical smart-contract Ponzi nonsense from Lado Okhotnikov.
You join, individuals who signed up earlier than you steal your cash and, if recruitment retains up, you steal from individuals who join after you.
Recruitment inevitably dies and ForsageTron collapses, leaving nearly all of members with a loss.
ForsageTron was initially introduced in July 2020. Whether or not it predates Fortron or not I can’t be bothered sussing out.
On October thirty first a video titled “Launching of Forsagetron Astounding DeFi Platform…Know Why FST DeFi will Develop to 5000X?”, was uploaded to the “forsage tron” YouTube channel.
This video particulars plans to launch two Ponzi shit tokens, FST and USDF.
FST is a token, the worth of which is supposedly pegged to how nicely Okhotnikov’s numerous Forsage Ponzi schemes are going.
Forsage associates are invited to spend money on FST, on the promise of a 300% ROI:
Supposedly ForsageTron associates can purchase FST tokens for $2.20 every.
USDF is a stable-coin, costing Okhotnikov nothing to generate on demand however represented as having a $1 worth.
The thought right here appears to be Okhotnikov hoovering up TRON and leaving associates bag-holding nugatory shitcoins.
There’s no indication whether or not the FST or USDF plans got here to fruition.
As per a February twenty fifth Fb submit by Okhotnikov, Forsage is “popping out with its personal Defi”. This implies he hasn’t obtained something off the bottom but.
Or FST and USDF launched, flopped and was rapidly forgotten about.
Regardless of the consequence, ForsageTron continues the switch of cash from gullible victims into Okhotnikov’s pockets.
Footnote: This evaluate is a part of a collection documenting Lado Okhotnikov’s Forsage Ponzi schemes.
To this point that features:
- Forsage – launched Feb/Mar 2020
- Fortron – launched Aug/Sep 2020
- ForsageTron – launched someday after Jul 2020
- Forsage XGold – launched Sep 2020