The development of digital technology has indeed had a significant influence on the habits of many people, including in generating passive income. The many investment applications have made some people use them to earn additional income. Including the TXR Trading app.
TXR trading itself claims to be an application that can provide additional income for its users through trading activities. If you have entered the application, you will be instructed to do something called “hosting”.
After that, you will receive a certain amount of income. However, it is important to pay attention to several things. Trading activities usually do not involve the dangers or risks that usually occur in actual trading activities.
What is Trading?
In the world of investment itself, trading is the activity of buying and selling assets in the form of cryptocurrency, currency or stocks with the aim of making a profit based on the price difference. Usually this process has a high risk because the price is very volatile.
For example, if we predict the price will go up and it turns out to be true, it means you will make a profit. But on the other hand, if your prediction turns out to be wrong, you will experience a loss. Well, this risk is what often occurs in the world of trading.
However, in the TXR Trading application itself, detailed information regarding the type of trading carried out is not included. Until finally many speculate that this trading application is a fraudulent investment.
The Tempting TXR Trading Application
This application not only offers trading activities, but also has a feature called “savings funds”. Well, from here you can save for a specified period of time and at the same time get unreasonable profits or returns.
Logically, of course the offer is too tempting and there may be a trap to ensnare the victim. In addition, another suspicious thing is the verification of the KTP on the application.
Although KTP verification is a common thing that happens in financial applications, in suspicious applications like TXR Trading you have to be careful. It is possible that your personal data is misused by certain irresponsible parties.
In addition, to convince their victims, they claim that this application has a physical office. They even often document social activities.
How the TXR Trading Application Works
When you enter the TXR Trading platform for the first time, you will usually be greeted with many interesting events. For example, the August 17 event or Indonesian Independence Day.
The event took place from August 10 to 18, offering various bonuses and attractive prizes. At first glance, it looks like everything is legitimate, but don’t get caught.
Make no mistake, there are quite a few Ponzi scheme applications that take advantage of events like this to attract more new users to join and deposit their money. As long as there is a continuous flow of money coming in, the application will survive.
However, when there is a decline in interest in this application and no more fresh funds are coming in, the application will close. They don’t even hesitate to leave their investors without leaving a penny.
This application usually operates through a referral system. So leaders who successfully invite more new members will receive a commission. Often, these leaders already know that they are involved in fraud, but considering the huge profits they get, they still continue.
However, the saddest thing is that when the TXR Trading application collapsed, the leaders actually disguised themselves as victims. They had actually made a profit from the investment results of the victims they invited.
