Please read this TronBase review. Is TronBase a scam or legit? Yes, it is a 100% Ponzi scam. It is just another Tron based smart contract MLM pyramid scheme that promises passive income.
TronBase promises a 1% daily return for a maximum of 310 days (I highly doubt it will last that long), with a 10% direct referral commission, and 25 level deep commission match on ROI.
These passive Tron smart contract MLMs have a short shelf lifeand never last. They eventually collapse once recruitment slows down, and the smart contract gets drained of all of its Tron (TRX).
What is TronBase?
According to their website, TronBase.io, Tronbase is an investment platform with different investment opportunities.
But Tronbase is really just a ponzi scheme built on Trons blockchain with a smart contract with an MLM compensation plan.
A Ponzi scheme is a fraudulent investing scam which generates returns for earlier investors with money taken from later investors. This is similar to a pyramid scheme in that both are based on using new investors funds to pay the earlier joiners.
Who is the owner/creator of TronBase? Nobody knows and there is no information on their website.
The Tronbase.io domain was privately registered for only 1 year on August 28, 2020.
TronBase Compensation Plan
Gullible TronBase members invest a minimum of 500 TRX / TRON with a promise of a 310% ROI.
The 310% is returned in 4 ways (1 passive and 3 via marketing) and when the 310% is accumulated through any of the 4 ways, a new deposit must be made equal or greater to continue receiving from the fund.
TronBase affiliates can earn 10% of TRON invested by their direct referrals.
TronBase ROI Match
The ROI match is based through a unilevel compensation plan structure.
TronBase caps their unilevel at 25 levels in total.
Below is the percentage you can earn on your downlines ROI’s.
- Level 1 – 25% match
- Level 2 to 5 – 10% match
- Level 6 to 15 – 5% match
- Level 16 to 25 – 2% match
The number of people you recruit corresponds with the number of levels that get unlocked that you can earn from.
If you sponsored one affiliate, you can earn on level 1.
If you sponsored two affiliates, you can earn on level 1 and 2 etc.
Daily Top Referral Pool
TronBase takes 5% of the company’s total investments and puts it into this Daily Top Referral Pool.
For every 24 hours TronBase’s top ten recruiters get 20% of the daily Top Referral Pool.
The remaining 80% is rolled over into the next day’s pool.
Is TronBase a Scam?
Yes, TronBase is a ponzi scam.
Very similar to TronCase, which is another smart contract ponzi we reviewed recently here: TronCase Review
TronBase is a form of fraud that lures gullible investors, and pays profits to earlier investors with funds from more recent investors.
TronBase’s smart contract is not verified and not to be trusted.
Just because it’s decentralized and handled on a smart contract does not mean it’s legit.
A smart contract can still pull an exit scam and the contract can be still drained of all its TRX.
Once recruitment slows down, the pyramid scheme will collapse and the smart contract can not pay the daily ROI.
All the other Tron based smart contract ponzi schemes have collapsed in the past, and TronBase is no different than the rest.
I hope you learned the truth from this Tronbase Review.
TronBase is another Bad MLM to avoid.