Bank Of Tron had been a very popular investment platform for TRX and BTT holders for almost a year. There is a lot of YouTube videos and promoted posts which encourage new users to invest because the platform offers huge returns without any risks. But the main question is: Is it all this really true? And, can we really make 3.8% or even 6.8% daily interest without any risks?
My answer to those questions is: It is not true and we can't. You probably ask yourself why? This platform pays its users and has Legit status on many forums. But still, there are some big red flags which you should consider before you invest your money in this project:
Also, this platform has some big red flags too.
- This platform is an excellent example of a high-yield investment program (HYIP). HYIP is a type of Ponzi scheme that promises an unsustainably high return on investment by paying previous investors with the money invested by new investors.
- Website is very basic and looks very similar to other SCAM websites which promise high returns without any risks
- They guarantee you safe, reliable and stable interest every time you invest but in reality, nobody can guarantee you so high returns without at least mentioning some risks
- They have 3 tire level referral system which is very often associated with Panzi scheme projects. Don't get me wrong, some Legit projects have this type of referral system but in this situation, this is a red flag for new investors.
- 2.5 TRX transaction fee - Tron has very low transaction fees and even if you don't have bandwidth transactions are usually around 0.25 TRX which mean this platform discourage users to withdraw their earnings to often.
In the crypto world, there is a lot of similar projects. Some of them have very nice designed websites with even professional support but keep in mind that projects like this are not created with an idea to pay users forever. They will start paying and first investors will almost always earn some profits, especially if they have a lot of referrals, but all late investors will lose at least some % of their investment.
My advice is just to stay away from this platform and instead of investing Stake your TRON and BTT. With staking you will receive a stable income without practically any risks.
Thank you for following my journey and have a nice day.