Who would have thought that the reason for TRON's rise against the market was actually MLM funds?

Editor's Note: This article comes fromBlock Beats BlockBeats(ID: BlockBeats), author: 0x29, released with permission.

Editor's Note: This article comes from

Block Beats BlockBeats

"Tron One is the first opportunity! Officially recommended by Tron! Sign up and get 1088TRX for free."

Taking advantage of the enthusiasm of Tron and BTT, the major MLM teams have begun to target investors and speculators who move with the wind. This is an advertisement for a Tron wallet called Tron One. It can be seen from the dynamic and static dividends and head pulling rewards mentioned in the promotional content that another MLM product has appeared on Tron.

Tron One has all the characteristics of almost all pyramid schemes. I wonder if readers of BlockBeats have discovered it?

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Tron One is not the original name of this wallet. Among the 27 super representatives in Tron, Tron One is the name of one of the super representatives, ranking as high as 6th.

Tron One is not only a node of TRON, but also a distributed network itself, with tens of thousands of community members. It can be said that Tron One is a node with relatively large influence on TRON. And this "MLM project Tron One" is to use Tron One's reputation to attract a wave of people into the pit.

The authentic official response was also very quick. Just a few days after the MLM wallet came out, Tron One immediately issued an announcement to refute the rumors, but this did not stop the erosion of the MLM organization.

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The Originator of TRON MLM

The "Tron One" wallet not only borrows the name of the super representative Tron One, but also the word "polka dot" appears on the wallet's registration website. Polkadot is the largest MLM wallet on TRON, and there have been rumors that it will run away soon.

In the TRON official weekly report from November 17th to November 23rd last year, the Dot Wallet appeared for the first time, and then began the official MLM road.

General digital cryptocurrencies have normal storage functions, have their own App, and users log in with mnemonic words or private keys, and can experience various ecology of TRON in the wallet, such as DApp, or decentralized exchanges, etc. wait.

However, the TRON wallet is a mobile website registered with a mobile phone number. In the wallet, only "financial management" can be done, and there is no connection with the TRON ecology.

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Source: Thirty-one degrees north latitude

With such a considerable profit, Polkadot has entered into a crazy pyramid scheme. In order to obtain rewards, maintain their own income or return their capital, the financial investors of Polkadot Wallet need to constantly find someone to do offline.

In those Polkadot leadership groups that have attracted thousands of members and have become senior leaders, when a slogan rang in the group, almost everyone responded. Just looking at the screenshots, it feels like a bull market is coming.

A large number of members were frantically pulled into the Polkadot wallet to deposit TRX, and new members did not have TRX in their hands, so they had to go to the exchange to buy it, which directly stimulated the demand for TRX. The slogan "Fly with us in 2019 Polka Dot" let us appreciate the strength of the MLM team.

As soon as TRX rose, it attracted some people who could not see the investment direction in the currency circle, and quickly entered TRX, which once again gave TRX a large number of buy orders. In the first ten days of January, most mainstream cryptocurrencies fell one after another, but Tron TRX rose against the trend. Its market value surpassed Stellar, and it was close to USDT, which ranked 8th in market value (now it also surpassed USDT).

In the currency group, many people believe that a large part of the reason why TRON can go against the trend is because of the emergence of funds such as wave wallets.

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Airdrop Vulnerabilities

On January 4, BitTorrent, which was acquired by TRON, announced that it would launch its own cryptocurrency BTT on TRON. Users can buy it during the public offering, or hold airdrops such as TRX. This is the biggest benefit at the beginning of this year. Everyone is waiting for BitTorrent's official airdrop news.

But before the official news was released, the BTT of Polkadot Wallet had been "airdropped" on January 18. The announcement of Polkadot Wallet showed that BTT would be airdropped 1:1 according to the TRX holdings. One TRX can get one BTT.

On January 21st, BitTorrent’s official airdrop information came out. The real BTT airdrop will start on February 11th, and the airdrop will last for 6 years. The first airdrop on February 11th is 1TRX: 0.11BTT. One TRX can only get 0.11 BTT.

Airdrop is a very common method for projects to attract users, which is equivalent to sending tokens to users to activate users and ecology. This method is to call a smart contract, take a snapshot according to the user's holdings at a certain time, and send a specified ratio, and the airdrop record will be recorded on the blockchain.

TRON has also announced the wallets that support airdrops. Among the 28 officially announced wallets that support BTT airdrops, there is no TRDOT.

After BlockBeats inquired on the Tronscan blockchain browser a Polkadot wallet address claiming to have received an airdrop of BTT, it was found that there was no airdrop contract at all on January 18.

Obviously, the airdrop of Polkadot Wallet just changed the number of the account in the background, without any smart contract support, and the user did not get BTT.

Since the numbers seen on the front end can be faked, are the TRX numbers that Poldot users see on their wallets, which are increasing every day, also true?

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Blockchain MLM

In a bear market, fixed deposit projects are the most active.

When all tokens are falling, everyone is thinking about how to not lose money. Fixed deposit items are generally deposited for a certain number of days, and there is a certain percentage of interest, and the user finally gets the principal and interest. Taking advantage of the mentality that everyone wants to protect their capital in the bear market, some MLM projects have intensified. Not only did pyramid schemes appear in Tron, but other projects also had similar pyramid schemes that borrowed blockchain as a gimmick.

CCTV reported on January 27 that the IAC (I'm a Clown) platform, using blockchain, big data, artificial intelligence, and social platforms, attracted 1.3 billion yuan in 8 months.

EOS, known as "Blockchain 3.0", is also lying in the MLM. For example, Li Huaming, who claims to be the founder of LT Huaxia Capital and the founder of Yuzu Ecology, is pulling people everywhere to become his offline.

The MLM of TRON can be said to be the most serious among the mainstream public chains, and it is so serious that it can be pulled by MLM.