Go9Tro Review: Forsage smart-contract Ponzi clone

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Go9Tro provides no information on its website about who owns or runs the company.

Go9Tro’s website domain (“go9tro.io”) was first registered in August 2019. The private registration was last updated on September 10th, 2020.

In the about section of its official YouTube channel, Go9Tro provides an address in Japan.

Further research reveals this address belongs to WeWork. WeWork is an unrelated co-working location provider.

The first video uploaded to Go9Tro features a Chinese video description:

Without reading too much into this, it suggests whoever is behind Go9Tro is from south-east Asia.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

Go9Tro’s Products

Go9Tro has no retailable products or services, with affiliates only able to market Go9Tro affiliate membership itself.

Go9Tro’s Compensation Plan

Go9Tro affiliates invest 0.04 ETH into matrix cycler positions.

Go9Tro’s cycler uses a 3×1 and 2×2 matrix.

A 3×1 matrix is simple in nature, requiring on three positions to be filled.

A 2×2 matrix places an affiliate at the top of a matrix, with two positions directly under them:

These two positions form the first level of the matrix. The second level of the matrix is generated by splitting each of these two positions into another two positions each (6 positions total).

Positions in the matrices are filled via subsequent position purchases.

An initial 0.04 ETH buy-in is split across both a G3 (3×1) and G4 (2×2) matrix.

Here are the cycler commissions paid out as positions in each matrix are filled:

G3 3×1 matrix

The G3 tier 1 buy-in 0.02 ETH. You keep 0.02 ETH paid in on first two positions.

The third position is passed upline to the person who recruited you, and used to create a new G3 tier 1 cycler position.

There are eight additional G3 cycler tiers:

  • 0.04 ETH
  • 0.08 ETH
  • 0.16 ETH
  • 0.37 ETH
  • 0.64 ETH
  • 1.28 ETH
  • 2.56 ETH
  • 6 ETH

Payments across these tiers are identical to tier 1 detailed above. The only difference is the amounts paid in and out.

G4 2×2 matrix

The G3 tier 1 buy-in is 0.02 ETH. You keep the first three payments on the second level of the matrix.

Payments generated by filling the first level two position and fourth second level position are passed upline.

Filling the fourth second level matrix position also generates a new G4 matrix position at the same tier.

There are eight additional G4 cycler tiers:

  • 0.04 ETH
  • 0.08 ETH
  • 0.16 ETH
  • 0.37 ETH
  • 0.64 ETH
  • 1.28 ETH
  • 2.56 ETH
  • 6 ETH

Payments across these tiers are identical to tier 1 detailed above. The only difference is the amounts paid in and out.

Joining Go9Tro

Go9Tro affiliate membership is tied to an initial 0.04 ETH buy-in.

Full participation in the attached income opportunity costs 22.3 ETH.

Conclusion

Under the guise of “crowdfunding”, Go9Tro operates a simple matrix Ponzi cycler.

The smart-contract model used is a 1:1 clone of Forsage, down to the use of G3 and G4 instead of X3 and X4.

That Go9Tro’s Ponzi scheme is being run through a smart-contract is neither here nor there. Fraud is fraud.

As with all MLM Ponzi schemes, once affiliate recruitment dries up Go9Tro’s matrices will start to stall.

Eventually enough matrices will stall, triggering an irreversible collapse.

Ponzi cyclers like Go9Tro transfer the majority of invested funds to the admin.

This occurs through the upper tiers of the cycler, which dramatically increase in cost and payout.

Admins of matrix Ponzi cyclers ensure they collect the majority of invested funds, by way of preloaded admin positions.

These positions are first into the upper tiers, leaving only but a few of of Go9Tro’s early adopters a chance to catch up.

The math behind Ponzi schemes guarantees that the majority of participants lose money.

Likely in response to their Ponzi scheme not doing too well, Go9Tro now appears to be rebranding itself as a wireless network.

Go9Tro Wireless’ website domain was privately reigstered on October 9th, 2020.

This comes with the launch of Go9Tro tokens, because why not.

go9Tro was created to bring connected, cooperative technology solutions to communities through low risk, high benefit partnership models.

go9Tro Wireless, is a IoT Solutions provider, that empowers people to share data validation solutions, and profit from data mining of mobile devices in 100 countries.

This sounds an awful lot like iHub Global, reviewed here on BehindMLM a few days ago.

Whereas iHug Global hitched itself to the Helium Network however, Go9Tro is using their own erc-20 Ponzi token.

Go9Tro tokens are being flogged to gullible investors at $1.60 a pop.

You know the deal; pump pump pump, admin cashes out, sorry for your loss etc. etc.

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