TRX ChargePoint, an online platform advertising daily cryptocurrency returns, registered its website domain "trxchargepoint.net" on January 22, 2025, using undisclosed or false information. The domain records indicate registration through Alibaba (Singapore), a Chinese registrar, further obscuring the true identities of the operators.
The platform provides no verifiable details about its ownership or executive team. This lack of transparency is a common feature of fraudulent investment schemes, making it difficult for investors to identify those responsible or seek legal remedies. Without clear leadership, accountability for investor funds disappears quickly.
TRX ChargePoint offers no retail products or services to consumers. Its business model relies entirely on promoting affiliate memberships, which participants then market to recruit new investors into the system. This structure means the only real "product" is the opportunity to recruit others.
Participants are instructed to invest Tether (USDT) on the promise of daily returns, which vary significantly based on the investment tier. For instance, a 16 USDT investment is advertised to yield 7.2 USDT per day, while a commitment of 22,888 USDT reportedly returns 19,458 USDT daily. Users must log in each day and "click a button" to qualify for these advertised payouts, a mechanism typical of many "task-based" Ponzi schemes.
The scheme also includes a multi-level marketing component, incentivizing the recruitment of new investors. Affiliates earn referral commissions on invested USDT across three levels: 16% from personally recruited members, 2% from second-level recruits, and 1% from the third level. Additional "downline investment bonuses" are paid for generating specific volumes of investment within a 24-hour period. For example, generating 20,000 USDT in downline investment can earn an affiliate 4,200 USDT in bonus funds.
TRX ChargePoint misleadingly uses the name and branding of ChargePoint, Inc., a legitimate, publicly traded American company that operates electric vehicle charging networks. This tactic creates a deceptive impression of legitimacy, suggesting a connection to a reputable enterprise. The TRX ChargePoint scheme has no affiliation with the genuine ChargePoint company and involves no actual electric vehicle charging services or infrastructure.
These "click-a-button" models, often disguised as legitimate ventures like EV charging or cryptocurrency mining, function by using funds from new investors to pay off earlier ones. This characteristic defines a Ponzi scheme, which is inherently unsustainable. Such schemes inevitably collapse when the influx of new capital from recruitment slows or ceases, leaving most recent investors with significant losses.
Financial regulators worldwide, including the U.S. Securities and Exchange Commission, have consistently warned against unregulated cryptocurrency investment platforms, particularly those promising high, guaranteed returns without verifiable underlying business operations. Individuals who believe they have been defrauded by TRX ChargePoint or similar operations should contact their local financial regulatory authority or law enforcement.