TRC Trade omits any information about its ownership or leadership on their official webpage.
The domain for TRC Trade’s platform (“trctrade.net”), was confidentially registered on April 14th, 2024.
Although it has barely been in existence for a single month, TRC Trade erroneously declares on its webpage that it has been operational “since 1989”.
Whenever an MLM firm is not transparent about its management or ownership, seriously reconsider your choice to join or invest your funds.
The Offerings of TRC Trade
There are no goods or services available for retail by TRC Trade.
The sole promotional focus is on the membership for TRC Trade affiliates.
Compensation Structure of TRC Trade
Investments in tether (USDT) are solicited by TRC Trade affiliates in exchange for promised earnings:
- VIP1 – invest 30 to 299 USDT and reap daily rewards of 2.5% to 2.8%
- VIP2 – contribute 300 to 799 USDT and earn daily profits of 2.8% to 3.2%
- VIP3 – allocate 800 to 1499 USDT and get daily returns of 3.2% to 3.7%
- VIP4 – dedicate 1505 to 3000 USDT and acquire daily yields of 3.7% to 4.3%
Commissions for referrals are distributed by TRC Trade on USDT contributions across three tiers of recruits (unilevel):
- tier 1 (direct recruits) – 16%
- tier 2 – 8%
- tier 3 – 3%
Engaging with TRC Trade
There is no cost associated with TRC Trade affiliate membership.
However, to fully engage with the revenue opportunity, a minimum investment of 30 USDT is required.
Concluding Remarks on TRC Trade
TRC Trade represents yet another deceptive “press a button” application Ponzi scheme.
TRC Trade’s swindle under the “press a button” guise is represented as trading.
The charade is that TRC Trade affiliates are instructed to login and press a button (the greater the investment, the more frequently they must press).
The assertion is that the act of pressing buttons daily is somehow connected to trading and that a share of the profits made from this trading is distributed to affiliates.
If this sounds nonsensical, that’s because it is. Random individuals pressing a button in an application does not activate sophisticated trading operations.
In reality, pressing a button on TRC Trade’s platform has no effect. All the system does is shuffle new investments to pay off early investors.
TRC Trade is one of many “press a button” app Ponzi schemes that have surfaced since late 2021.
These similar fraudulent “press a button” app Ponzi schemes have previously unraveled, including Suntons, Cloud Computing, and Liska, all of which employed the same idea of quantitative trading.
TRC Trade, along with others documented by TRUST, accounts for over a hundred such “press a button” app Ponzi schemes. Most collapse within weeks to months of inception.
These scams typically vanish by disabling their websites and apps without notice, leaving the vast majority of their investors in the lurch (due to the inevitable mathematics of Ponzi schemes).
It is believed that the same cohort of Chinese fraudsters is behind this spate of “press a button” app Ponzi scandals.