Tronchain review (is Tronchain legit?)
Table of Contents
Tronchain review (is Tronchain legit?)
Read all about Tronchain in this Tronchain review.
Ever since forsage launched some time in 2020, there has been an upsurge in the number of smart contract platforms that are now available.
Initially, these smart contracts were built on the ethereum blockchain, but because of the high network fees required to process ethereum transactions, more and more smart contracts are now being launched on the TRON blockchain.
Tronchain (Trxchain.io), according to it’s website, is a smart contract designed to provide everyone with an independent, financial support fund, based on smart contract technology, surrounded and supported by multiple services including DEFI and online gaming platform “ECLIPCITY”.
In this Tronchain review, am going to be writing about all you will need to know about the platform under the following subtopics “is tronchain legit?”, “How to register on Tronchain?”, “How does tronchain work?”, “Tronchain founder” and many more.
Remember to leave us a comment after you finish reading and also share with your friends on social media.
Let’s get into it then…
What is a smart contract?
A smart contract is a contract that executes itself, an agreement between a buyer and a seller is written into a few lines of code, this code exists across a distributed/decentralized blockchain network.
Once a smart contract is deployed, it cannot be changed, hacked and it is irreversible. With the smart contract, there is no need for a central authority.
What is TRON?
TRON is a blockchain based decentralized platform that aims to build a free, global digital content entertainment system with distributed storage technology and allows easy and cost effective sharing of digital content.
TRON was founded in 2017 and is headed by Justin sun. It basic goal is to bridge the gap between content creators and content consumers by eliminating the middleman.
What is Tronchain?
Tronchain (Trxchain.io), according to it’s website, is a smart contract designed to provide everyone with an independent, financial support fund, based on smart contract technology, surrounded and supported by multiple services including DEFI and online gaming platform “ECLIPCITY”.
Tronchain is similar to Etherchain, which is also a smart contract platform that was built on the ethereum blockchain.
They are apparently both owned by “Andreas Kartrud”, who is well known figure in the MLM business and has been involved in several MLM projects.
How does Tronchain work?
Tronchain is a community based project, 100% decentralized, peer to peer transactions through smart contracts.
You will need to fund your wallet with a 100TRX, to get started on the platform, which will potentially give you a return of 310% ROI.
This ROI is gotten through a 1% daily return on your deposit, 10% direct referral commission, matching bonus and from the daily top referral pool.
After you have successfully gotten your 301% ROI, you can reinvest again and any number of times to continue to enjoy this ROI.
Tronchain compensation plan
Tronchain affiliates invest the Tron (TRX) cryptocurrency on the promise of an advertised 310% ROI. The ROI is generated via a combination of:
- 1% daily passive returns.
- 10% referral commission on funds invested by personally recruited affiliates.
- A matching bonus on withdrawals by downline affiliates.
Once 310% has been paid out, Tronchain affiliates must reinvest equal to or more than they last invested to continue earning.
Matching bonus
Tronchain pays a matching bonus via a unilevel compensation structure. The unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (Level 1).
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 of the original affiliate’s unilevel team.
If any level 3 affiliates recruit new affiliates, they are placed on level 4 of the original affiliate’s unilevel team and so on & so forth.
Tronchain caps payable unilevel team level at fifteen. The matching bonus is paid out as a percentage of withdrawal requests made across these fifteen levels as follows:
- Level 1 (Direct affiliates) -30%
- Level 2 to 5 – 10%
- Levels 6 to 10 – 8%
- Levels 11 to 15 – 5%
Top referrer pools
Tronchain takes 5% of daily companywide investment and places into the top referrer pool. 10% of the collected top referrer pool is paid out to Tronchain’s four most active affiliate recruiters every 24 hours.
What happens to the other 90% of the investment kept aside is not disclosed.
Tronchain products
Tronchain, like most MLM platform does not have any retail products or services.
How to register on Tronchain (Tronchain registration)
If you want to register on Tronchain, you can follow the below instructions:
- Download the Tron wallet from https://tronwallet.me
- Fund your Tron wallet with a minimum of 100TRX.
- Go to your Dapps browser in your wallet and paste your referral link on the URL box.
- Authorize payment to the smart contract and you are done.
Is Tronchain legit?
Tronchain is built on the TRON blockchain, this means that it cannot be hacked, changed and is not controlled by any one person.
This creates a massive opportunity for investors, who can take advantage of the different investment plans, and make money on a daily basis.
The only problem with these programs is that they usually slow down and crash, once people stop recruiting to the platform. This therefore means that affiliates will lose money.
Read my Fortron smart contract review
Frequently asked questions (FAQs)
Is Tronchain legit?
Tronchain is built on the TRON blockchain, this means that it cannot be hacked, changed and is not controlled by any one person.
Who is the founder of Tronchain?
Tronchain is apparently owned by “Andreas Kartrud”, who is well known figure in the MLM business and has been involved in several MLM projects.
Conclusion
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