This review explains that Tronvest is an investment scam that you certainly should stay away from.
What is Tronvest
Tronvest is an online investment platform based on blockchain technology. It uses smart contracts to drive the entire system and generate profits to its users. How? That is not known, its official website does not say where the money comes from.
However, if you deposit a minimum of 100 TRX (cryptocurrency Tron), you allegedly can expect at least 1.5% daily returns. You can then unlock different bonuses to increase your profits.
There is also an affiliate program that will reward you up to 19.8% of the deposits made by people you referred to the network directly or indirectly across 11 levels.
Is Tronvest legit, can you trust it with your money?
The short answer is no, Tronvest is not legit, it’s a scam. In this review we explain everything in detail.
The first thing we noticed is that Tronvest is a carbon copy of the Troncase scam that we have already reviewed. Their websites are exactly the same, the texts are the same, the offer is the same. Only the promised daily ROI is a little bit different.
You can check the linked review and see for yourself. See also the picture below for a basic comparison, you will quickly see what we are talking about.
Smart contracts with no audit
The first thing we have to address in this chapter of the Tronvest review is smart contracts. A lot of people don’t understand what they are about. In fact, they are pretty normal apps. What makes them different from other apps is that they run in blockchains (something like a secured cloud).
So, as with any other app, smart contracts are as good and as legit as their programmer, the person who writes the code. There is no guarantee of anything just because it’s a smart contract you’re dealing with.
Most of the people are not programmers, let alone blockchain programmers, so they can’t verify if a smart contract is legit, even it’s public.
Tronvest claims to have its code audited, but links to the alleged audits are not working. But even if they were, we are pretty sure they would lead to some anonymous and bogus audits as they are with Troncase.
To sum up, ordinary people have no way of knowing if the Troncase smart contracts are legit. In fact, they are not, because they run an illegal scheme, more on that later in this review.
The quickest way to spot an online investment scam often is a quick look at the promised ROI. And it is a valid approach in the case of Tronvest too.
Because 1.5% daily returns on investment plus other promised bonuses are something unsustainable. It would mean 45% monthly, which is something the best invest funds in the world achieve rarely in a year.
You can be sure that any investment program offering 1.5% daily returns is a scam. That’s how simple it is.
How Tronvest works in reality
Tronvest is a scam. It might run in a blockchain, but it still is a scam. We can only speculate about the details, but Tronvest is absolutely sure to fail.
It might have started as a Ponzi scheme, meaning that it had been paying its members. But deposits of newer members are used to pay older members in that case. It is an unsustainable scheme that always collapses in the end, because no real values, no real profits are created.
Also, the Tronvest smart contract code can contain a function that will allow people who run this scheme to pull out all the money from the system at any time. Such a scam move is called a rug pull and unfortunately it is very common these days.
But the mechanics don’t matter, we know that Tronvest is a scam that is going to collapse, if it has not already happened. This is why you should not invest any money in it.
Tronvest review – Conclusion
Tronvest is a cloned scam and an illegal investment scheme, that is certain. You have to stay away from it in order not to lose money.
If you want to try legit crypto trading and investing, do it on a free demo with a regulated broker.
Try everything with virtual money before deciding whether you will invest real money. If you invest real money, be sure to understand the risks.