ForsageTron review – Is ForsageTron a scam? Is ForsageTron legit? What is ForsageTron?
Have you seen people marketing this as a legit way to earn Crypto on social media?
Please read this full ForsageTron review and learn the details of ForsageTron.io including the company, and the compensation plan in this ForsageTron review.
What is ForsageTron?
ForsageTron is a smart contract matrix cycler cipy cat clone of Forsage. It’s a crypto MLM cash gifting pyramid scheme with no product that launched in September 2020. The difference between Forsage and ForsageTron is that they are using TRON (TRX) instead of Ethereum (ETH).
ForsageTron is a knock off version of Forsage.io.
ForsageTron is not a legit crypto or crowdfunding platform as they claim. It simply uses a smart contract on the Tron blockchain, to automate the position cycling in the matrices, to pay members tron wallets when they recruit others into the scheme.
Smart contract matrix cycler ponzi schemes, are very popular now, and its seems there is a new launching almost every day now. Most of them fail to launch.
Matrix cycler’s never last, once recruiting slows down, people stop getting paid.
Most people can not recruit anyways so they will lose their money.
The creators and the people at the top get paid , meanwhile, the people at the bottom that get suckered into these ponzi scams will lose their money.
ForsageTron uses TRON cryptocurrency as the only method of payments, so no refunds once you send your TRX away to join this ponzi scam.
The domain was ForsageTron.io was privately registered on August 2nd, 2020 for only one year and expires on August 2nd, 2021.
From their ForsageTron.io website they self describe as:
The First Ever 100% decentralized international crowdfunding – The new generation platform
Revolutionary Smart Contract* technology provides decentralized market participants with the ability to directly engage in personal and business transactions.
The ForsageTron Decentralized Matrix Project’s Smart Contract is publicly and perpetualy available to view on the TRON Blockchain.
- Zero risk factors
- Instant peer-to-peer payments
- Transparency and Anonymity
- Non hierarchically organized
- Transactional surety
- Smart contract
- Blah Blah Blah…
Sounds awesome right??
It’s not really, behind the smoke and mirros, ForsageTron is just a cycler / pyramid scheme.
Typical commission junkies and crypto ponzi pimps scammers love pushing smart contract MLMs to their gullible followers and will deceptively market them as a legit way to earn passive income with cryptocurrency.
ForsageTron is not passive income.
Matrix cyclers are not passive and are completely reliant on active recruiting only as the only source of ROI.
Also note, on June 30th, 2020, Forsage was issued a Fraud warning from the SEC in Philippines.
What is the difference between ForsageTron and Forsage?
Forsage and ForsageTron are almost identical but their are some differences.
- They use Tron (TRX) instead of Ethereum (ETH) for payments
- ForsageTron has a leaderboard and banners
- ForsageTron has Country Coordinators
- They have the same compensation plan with X3 and X4 matrices
- Still a matrix cycler
- Still an illegal pyramid scheme with no product
Why did they launch ForsageTron?
ForsageTron was copied from Forsage and launched because the Ethereum network gas fees were too high. The busier the Ethereum network is, the higher the gas fees are for transactions. Transactions were costing as much as $100 at peak times. Ethereum is not ready to scale that big yet.
How Does ForsageTron Work?
To use ForsageTron, you will need a Tron wallet, Tronlink.org for desktop, or Tronwallet.me app for mobile.
First you will fund your wallet with Tron.
Once logged in ForsageTron.io, you can purchase your first position in the x3 matrix with a minimum of 700 TRX, it will connect to your Tron wallet directly, then you will authorize the transaction and connect to the ForsageTron “smart contract”. Then you can send and receive Tron payments with ForsageTron.
Save your recovery seed phrases, if you’re setting up these wallets for the first time.
ForsageTron has no retail products.
This is proof that it’s just cash gifting pyramid scheme disguised as “Crowdfunding” using Tron cryptocurrency.
You pay Tron to join to gain the ability to recruit others into the scam, so in turn they can do the same.
ForsageTron Compensation Plan
ForsageTron has two matrix sizes which are 3×1 and 2×2.
ForsageTron x3: A 3×1 matrix has three positions under your main position.
ForsageTron x4: A 2×2 matrix starts with two positions on the level 1 and expands to four positions on level 2.
These positions can be filled directly or indirectly.
Once you fill the matrix, you cycle out and get commissions in TRX :
You can get spillover over from above and pass-ups from below you in the X4 matrix. You must purchase the position first before you can get paid on it first or you will pass up commissions to the next person above you at that level.
You can buy more positions, there are 24 positions in total, 12 positions in each matrix.
Each position doubles in value as you go, from 700 TRX (25 usd) all the way up to 716,800 TRX ($51,310 usd).
How Much Does ForsageTron Cost To Join?
It will cost 700 TRX to buy the first position.
This will give you a position in the x3 (3×1) matrix and the x4 (2×2) matrix. (350 TRX to each matrix.)
If you want to buy all 12 positions in the x3 matrix, that will cost you a total of 1,433,250 TRX, at today’s value of $0.035, that is $51.310 usd.
If you want to buy all 12 positions in the x4 matrix, that will cost you a total 1,433,250 TRX, at today’s value of $$0.035, that is $51.310 usd.
➡️ To buy all 24 positions will cost you a total of 2,866,500 TRX, at today’s value of $0.035 USD each, this will set you back a whopping $102,620 USD!
Who is stupid enough to spend over $100,000 on a crypto matrix cycler pyramid scheme??? 🤦♂️
ForsageTron is a scam. An illegal cash gifting pyramid scheme that uses a smart contract on the Tron blockchain.
Just because it’s on a blockchain, does not mean it is legit.
It’s marketed as new generation crowdfunding cryptocurrency platform, but don’t fall for all the hype of this scam.
Matrix cyclers always fail.
Its simple math that it will eventually stop paying once recruitment slows down.
Don’t be gullible, do not join the ForsageTron scam.