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

EzyTRX’s website domain (“ezytrx.io”) was privately registered on September 5th, 2020.

On its website EzyTRX falsely claims the company ‘has no company, no leaders, or admins)’.

On EzyTRX’s official YouTube channel, the founder of the company is revealed to be Nicklaus D’Cruz.

On his LinkedIn profile D’Cruz cites himself as a “crypto & blockchain investor” based out of Singapore.

I wasn’t able to put together an MLM history on D’Cruz.

Having gone over EzyTRX’s business model below however, I’m confident D’Cruz has experience with smart-contract fraud.

Read on for a full review of EzyTRX’s MLM opportunity.

EzyTRX’s Products

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

EzyTRX’s Compensation Plan

EzyTRX’s compensation plan is broken up into two components, direct referral commissions and matrix commissions.

EzyTRX refers to these commissions as EZ1 and EZ10 respectively.

New EzyTRX affiliates sign up and pay 1000 TRX, which is split 50/50 between the referral and matrix commissions.

Referral Commissions (EZ1)

EzyTRX affiliates earn a 50% commission on fees paid by personally recruited affiliates.

Note that if the recruited affiliate invests in higher matrix tiers than the affiliate who recruited them, only 50% of the 50% referral commission is paid out (effectively 25% of fees paid).

Matrix Commissions (EZ10)

EzyTRX uses a 3×10 matrix to pay matrix commissions.

A 3×10 matrix places an affiliate at the top of a matrix, with three positions directly under them.

These three positions form the first level of the matrix. The second level of the matrix is generated by splitting these first three positions into another three positions each.

Levels 3 to 10 of the matrix are generated in the same manner, with each new level housing three times as many positions as the previous level.

500 TRX of an affiliate’s original 1000 TRX buy-in is used to fund a first-tier matrix position.

One set up, an EzyTRX affiliate then earns 10% of 500 TRX used to fill positions in their matrix.

Positions are filled by subsequent position purchases, by directly or indirectly recruited EzyTRX affiliates.

Additional Tiers

There are ten tiers within EzyTRX’s compensation plan.

In addition to the 1000 TRX first tier detailed above, the other nine tiers are as follows:

  • 2000 TRX
  • 5000 TRX
  • 10,000 TRX
  • 25,000 TRX
  • 50,000 TRX
  • 100,000 TRX
  • 200,000 TRX
  • 500,000 TRX
  • 1,000,000 TRX

Each tier pays out exactly the same as the first tier detailed above. 50/50 split between referral commissions and the 3×10 matrix.

Joining EzyTRX

EzyTRX affiliate membership starts at 1000 TRX.

Full participation in EzyTRX’s income opportunity costs 1,893,000 TRX.

Conclusion

EzyTRX is a simple pyramid scheme run through a smart-contract.

That a smart-contract is used doesn’t legitimize fraud. Nor does it change how a pyramid scheme ultimately plays out.

Nicklaus D’Cruz and those who get in early will steal most of the TRX paid in by virtue of early access to the higher tiers.

This is where most of the money paid into EzyTRX winds up.

Math guarantees the majority of EzyTRX affiliates will lose out.

If you want to see this in practice look no further than EzyETH, the short-lived original incarnation of EzyTRX.

EzyTRX itself appears to either have collapsed on be on the verge of collapse, prompting D’Cruz to announce EzyTRX 2.

Details of the reboot smart-contract are yet to be made public. Regardless, be it another cookie-cutter pyramid or Ponzi model, the end-result will be the same.

Nicklaus D’Cruz will make off with the majority of funds paid in. Everyone else loses out.



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