This review covers the Trillant investment program, its cryptocurrency token and connections to Paraiba and Unique Exchange.
What is Trillant
Trillant is presented as a financial cryptocurrency platform that will act as an alternative to traditional the financial system.
It consists of 3 pillars:
- Trillant – the value token TRI
- Trillion – the stable token TRIL for paying
- Trillando – a shopping platform
Trillant says that its TRI token is your “best choice to increase the value of your personal assets”. In other words, the suggests that your participation in the project will make you money.
How? Currently, there are two ways of making money with Trillant.
The first is staking your TRI token with returns up to 50% per year. The second is referring other people to the platform, which can earn you up to 20% on their deposits across 3 levels.
But is Trillant legit, can you trust it with your money?
Stay away from Trillant
During our research about Trillant we encountered several major red flags that forced us to the recommendation that you should stay away from this project. There is a connection to a scam, an alert from a financial regulator and more.
Paraiba scam connection
The first thing that caught our attention is that a proven scam called Paraiba is now migrating to Trillant. Basically, Paraiba has become Trillant. And that is a major problem.
Paraiba was a Ponzi scam that has been blacklisted by several financial regulators in different countries (see our linked review). It was promising unsustainable returns and as we predicted in our review, it collapsed and lost the ability to pay its users.
Now fraudsters from the Paraiba scam are obviously trying to squeeze some more money from their victims, so they are sending them to Trillant. They can migrate their money from Paraiba to Trillant, there is even a discount for the investment packages, but the money will be locked.
In other words, if you got scammed by Paraiba, moving your virtual funds (not backed by real money) to Trillant won’t be the solution for you, because you won’t be able to withdraw your money (only 10% per month).
This goes to show that the Paraiba scam lost all the money, they can’t pay their users, so they will try to pay them with a new token printed out of thin air that is not traded on open markets.
Unique Exchange connection
Another major red flag is that Trillant is connected to the Unique Exchange. As Paraiba is, by the way. This makes an interesting triangle.
Because Unique Exchange has also been blacklisted by at least one financial regulator, namely the Finma in Switzerland (see our linked review).
Trillant is obviously closely connected to Unique Exchange, because it’s the only place you can buy its token TRI.
So you have the new project Trillant that is tied to two already blacklisted (by financial regulators) projects, one of them being a failed investment scam.
Trillant has no history
As we have just mentioned, Trillant has no history at all, it is a completely new project.
Its domain was first registered in 2017, but it was used by somebody else. Last year in December it still was for sale and Trillant in its current version started only in August 2022, as you can see in the Web Archive.
So Trillant has no track record, it is not an established project, it is brand new. It just has a tiny website with basic information missing, yet they want your money.
Basic information not provided
We have just established that Trillant is brand new. Any crypto project should provide some basic information, like a whitepaper, profiles of team members, its code and other information about its blockchain.
But all that information is missing. Basically there is no proof that any Trillant blockchain exists. They don’t even say what problem they are trying to solve and how.
They just say they have a “revolutionary” financial system and that you can invest in it to make money. Will that be enough for you? It should not!
It also seems that the same way Trillant bought a dead domain to look old, they also acquired a dead Github repository to have a code. They acquired something called Bytecoin from myneTEC that was active from 2013 to 2016 and dead for 6 years since then.
In 2022 some minor changes were published in the repository, but even the name Bytecoin remained, as you can see in our picture below.
So again, no new code, no new blockchain, just recycling some old stuff.
Trillant (TRI) and Trillon (TRIL) tokens
The main offer of Trillant is that you can buy the TRI token, stake it and earn money. But there are several problems with that.
The first is that you can buy the Trillant token only on Unique Exchange. Currently, there is no real exchange recognized by crypto monitoring services, like Coinmarketcap or Coingecko, that would be trading the TRI token.
This means that TRI has only an artificial value inside the Trillant/Unique Exchange ecosystem. If the project goes down, you won’t be able to sell the token anywhere.
They don’t even publish TRI tokenomics, so you don’t know how many tokens in circulation there are, if the supply is limited, or what would be the inflation, etc. Transparency, that normally is a major attribute of blockchains, is really not a friend of Trillant.
It seems they can create as many new tokens as they want, they have complete control over the supply, there is no decentralization.
And what about the Trillon token (TRILL)? It is supposed to be a stable token with its price pegged to the US dollar. In other words, its price should always be 1 USD.
But they don’t even say how TRILL works. Is it an algorithmic stable coin or is it backed by some assets? There are many important questions that you need to know the answer to when you are buying a stable coin.
Because its stable value has to be backed by something, you have to know whether you are supposed to trust the code and the mechanics or an issuer and its collateral.
Trillant has failed to provide basic information about both TRI and TRILL, there are like blackboxes that you are supposed to blindly trust and invest your money. That is again a red flag.
Also, where is Trillando, the shopping platform of Trillant? No information about that either.
How Trillant works
Our analysis has shown that Trillant has failed to provide even the most basic information about its project, so to us, it looks like a shameless money grab.
We can see no trace of any real product, its referral structure suggests that Trillant is just another Ponzi scheme. It is accommodating victims of the already failed scam Paraiba, so it looks like it is just a continuation of that fraud.
Giving you 50% per year is something that is not sustainable for a cryptocurrency project, especially for one that doesn’t show any real product, any solution to an existing problem.
Luna and Celsius could not sustain 20% per year even though they were managing billions of dollars and they had real blockchain platforms with many developers.
So it seems that the Paraiba destiny awaits for Trillant too. Either it will stop paying when there is not enough new deposits to cover withdrawals, or they will continue paying with newly created TRI tokens, which in turn will fall in value so fast that users will just lose real money anyway.
Trillant review – Conclusion
Trillant is a shady project connected to the Paraiba scam and the Unique Exchange, which are platforms blacklisted by regulators. Trillant provides no basic information about the project, no proofs of any real product.
That is why you should stay away from it. It is running a scheme that is looking like a typical Ponzi, which is why it is going fail.