Untrustworthy fraudulent platform: Threat to new cryptocurrency investors
Typically, fraudulent projects mainly target crypto illiterate or market newbies. Although, the trend has also expanded for those users who seek to make profits quickly and effortlessly. WelcomeTRX raises red flags everywhere.
Therefore, it is worth paying attention to these alerts to recognize the risks before investing, warn the crypto communities, and avoid unfortunate victims.
WelcomeTRX Details
It is a typical investment platform with scam features, without an informative landing page, and only a dashboard as access. WelcomeTRX is structured as a generic “task”, obviously false, because users just need to click a button to activate said task, of which any objective or usefulness is unknown.
The only thing that is known is that the platform was officially launched on November 6 this year, and that its website, or rather, its dashboard, has been active since October 28, 2023. It is being shared in Telegram groups, especially in MLM groups to activate users who have calling power.
Operation Process
True to its name, WelcomeTRX only supports deposits and top-ups in USDT and TRX. It is attractive because its minimum recharge is 1 USDT, to start with the VIP1 plan.
However, it has 11 “VIP” plans in total, where the higher the investment, the higher the returns, and the faster the benefits are achieved, going from a daily income (or by tasks) of 0.38 USDT, to an idyllic income of 3,000 USDT.
As expected, it has an interesting referral plan, with a depth of three levels, with 12% for the first, 3% for the second and 2% for the third, with the “plus” that when users manage to get four new users to invest in a certain VIP plan, WelcomeTRX gives them free activation of said plan. “You can participate in shared invitation tasks at the same time as the recommendation commission,” they point out.
Legality and Transparency at WelcomeTRX
At this point, the biggest red flag of this platform is the total opacity of its information, because WelcomeTRX do not have the slightest intention of saying anything about the company. It is completely unknown what the company is supposed to do to generate profits. They do not indicate where they are from, what countries they work in, or if they are at least registered.
Likewise, they do not mention its founders, who are behind it. There is no character that represents them. This opacity is clearly due to the fact that they are focused on cryptographic carriers looking to “try their luck.”
The thing about crypto opportunists is that they always think they can get ahead of scam projects. Moreover, on many occasions, in their eagerness to obtain bonuses and bring referrals to earn the rewards, they attract novice crypto enthusiasts or even introduce new users to the crypto world in the worst way.
It is considered a very high-risk platform, especially for those who venture to invest in their highest plans looking for juicier profits. This not only worsens the reputation of the blockchain world, but also steals space for the creation of legitimate projects with a truly positive impact.
Opinions about WelcomeTRX
Online opinions about WelcomeTRX are negative and mostly warn about the lack of transparency and the possible scam that this company represents. It is a very high-risk platform due to the lack of information about its legality and transparency, as well as the absence of data about its founders and their location, which generates a blanket of suspicion about its practices.
By Leonardo Perez
