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TRON supporters silently working on a MLM model

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@bala41288
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Today morning one of my friends called me and was asking about investing in Cryptocurrencies. He was specifically into Tron investment and there were so many questions about the advantages of investing in Tron and how Tron can be next to ETH in another few years etc. I was surprised to hear so much in one day. The reason why he approached me for a suggestion was that I've been in the crypto world for over 3 years now and he wanted to get some insights.

I was patiently observing what he was about to say. He then talked about someone who contacted him about a good business idea. I had to go on a call with that person to understand in detail about the business idea. I'm not willing to explain more about the idea and not mention any names as well. Let it be anonymous. Yeah so I went on this call and the person was talking about the business model.

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First, when I was listening to that I showed some interest considering the returns we get from the investment. The plan was to invest 1000 TRON tokens and keep them in their wallet. We would be given a username and password to their website and we will be able to see the tokens and withdraw the tokens anytime. Being said that when we invest 1000 tokens, 400 tokens from that would go to the person who introduced us to this scheme. Next, when we get 3 people under us, we get a share of 400 tokens from them.

Similarly, when people under us get more people, we will be able to get more TRON tokens. The maximum limit to earn these tokens is to reach 120 people under us like a tree where each person has 3 people under them. I was silently listening to all these conversations and the person defended saying that this is no MLM but as far as I know this is definitely multi-level marketing. Even though the concept looks cool, I see a lot of gaps here and trust issues here.

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The person also mentioned that investing in 1000 tokens is not a big deal as we spend on so many things every single day. In a way that is true but for me I felt this model had flaws and ethical issues. I might earn a lot actually but with that income be a good one for me. I doubt it. I did not want to give it a try. I'm already investing a lot on various cryptocurrencies and also TRON already gives staking rewards for people who are freezing their tokens with a lock period of 4 days. The interest we get is around 14% APR. If at all I want to get some passive income, I would better go and invest in TRON tokens by keeping it in my own wallet and Staking it all by myself instead of a third party doing it for me.

I guess these MLM models would definitely work but not for me but for people who are good in marketing and also people who are not fully aware of how it works but they want a quick bucks scheme. At least, I'm not comfortable in these fast-growth income schemes.