Trident Crypto Fund – Trident Coin Scam? [Review]

Is the Trident Crypto Fund legit or just another ponzi scheme scam?

I’ve been taking a closer look at the Trident Crypto Fund (Trident Coin) which is currently still in it’s pre-launch phase to see whether it’s actually a legitimate thing to invest in.

Over the past few months many programs just like the Trident cryptocurrency that have come and gone, so is this just another scam? My full review is down below.

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Trident Crypto Fund Review

The Trident Crypto Fund is a new website that has launched in the cryptocurrency space. There is actually a Trident cryptocurrency coin launching called the Trident Coin and the website “tridentcryptofund” actually claims that you can invest and they will operate a trident crypto index fund which will basically invest your money across the top cryptocurrency coins just as a normal index fund would for the stock market.

This particular opportunity caught my eye since I saw people recommending the pre-launch and pushing people to join much like an MLM company. To me this doesn’t really look like your typical cryptocurrency coin ICO but instead it looks like a MLM pre-launch. We have seen this kind of thing happen with other opportunities that seem to have collapsed over the last few months like USI Tech and BitConnect X.

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Those are not good things to be compared to, so how do we know if Trident Coin (Trident Crypto Fund) is actually legit, or whether it’s just another ponzi scheme scam destined to collapse?

All we can do is look at the information available to us. At the moment we are in pre-launch so it’s hard to make an overall judgement but we can look at the information that has been given to us to understand exactly what is on offer here, and whether there is some specific reason that many people are promoting this. I suspect that there’s a lucrative referral program in place for the trident cryptocurrency and that is why so many people (such as internet marketers) are pushing this new coin.

How Does Trident Crypto Fund Work?

The Trident Crypto Fund website states that we’re living in a blockchain revolution and cryptocurrencies are the first tangible expression. The website goes on to state how the market cap of crypto hit $800 billion in January 2018. This is accurate data as I do remember seeing this figure on a popular cryptocurrency website when checking my own portfolio. However since then the market has dropped down to less than $300 billion. There has been a major market correction, so the Trident Crypto Fund isn’t really talking about that, they are just talking about how things have been going up and up and will only continue this way apparently.

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It goes on to talk about how the technology is improving and more efficient methods are coming to the foreground. I certainly can’t argue with any of this information because I believe in blockchain technology myself and I am certain that in the future we will see real world use cases for blockchain.

The website goes on to talk about how whilst Bitcoin is still the top cryptocurrency coin there are other alternative cryptocurrencies you can invest in and what the Trident Crypto Fund has done by creating their Trident Coin is to basically put together an index fund which invested in the top 10 cryptocurrency coins.

It’s similar to an index in the stock market such as the S&P 500 index but it’s for cryptocurrency. They take the 10 cryptocurrencies with the largest market cap and they assign weight to them and then use the weight to combine prices into an index.

What’s The Point Of Trident Crypto Fund?

Investing in multiple cryptocurrencies can be a pain. Many of these cryptocurrencies are actually on different exchanges. You can’t just go to one website and buy every single cryptocurrency. You actually need to sign up individually to multiple exchanges where you can buy the cryptocurrency that you actually want. If you wanted to invest in the top 10 cryptocurrencies by market cap you would likely need to sign up to probably 4-5 different exchanges.

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That means signing up, actually learning how the platform works and also verifying your accounts which can take days or even weeks sometimes.

It’s not necessarily a negative thing, after all I have multiple exchange accounts so that I can freely invest in cryptocurrencies however the goal of the Trident Crypto Fund is actually to make it incredibly easy by just investing in their fund / Trident Coin which will already do the job. This is why they designed their index fund.

To be honest I like the idea behind this, it makes it easy to invest in cryptocurrencies. What I’m wary of is whether this is actually a legitimate operation though.

Is Trident Crypto Fund / Trident Coin A Scam?

There are a few warning signs when it comes to the Trident Crypto Fund / Trident Coin. Let me list them below:

• Parts of their website aren’t finished
• Website claims you can get “daily profit”
• Research every 6 months to select 2 currencies
• Referral program looks like MLM

When I was looking at their website to learn more about what they have to offer I noticed that parts of it weren’t even finished. Perhaps this is an honest mistake but it doesn’t exactly paint a picture of confidence. When you are launching a financial fund surely you would take the time to actually make sure your website is finished.

Next up the thing the huge warning sign I can see is that the website claims you can make a daily profit. If you’ve looked at cryptocurrency over the past few weeks you’d see that it’s been going down and down every single day. In a bear market like this how is the index fund going to make a daily profit? Sure it’s easy to make a daily profit in a bull market like what we had towards the end of 2017 when everything was going up but guaranteeing a daily profit is just risky and sounds like a ponzi scheme.

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For example other programs that offered these kind of returns have been proven as ponzi schemes and even shut down. I’m talking about the likes of BitConnect which was one of the biggest coins just a few months ago worth $100’s per coin and now is worth barely anything. Also USI Tech which never even launched it’s Tech Coin but was growing like crazy and then go shut down. I think they re-launched but they are nothing compared to what they were during 2017.

Other scam coins have launched too like Falcon Coin and Profitable Morrows but where are they now? It’s scam coins like this and the similarities that Trident Coin has which make me really question whether this is actually a legitimate operation or another scam.

Trident Coin / Crypto Fund Conclusion

After taking a closer look at the Trident Coin and the Trident Crypto Fund on offer it is certainly not something I would want to recommend or invest in. For the sake of those who are already involved I sincerely hope that they prove me wrong and it is a legitimate operation but I wouldn’t want to take the risk personally. I’ve seen too much destruction happen with programs like this and people literally losing their life savings.

I would not want to be part of something like this where people can quite literally have their lives ruined if it does turn out to be a ponzi scheme.

If you do plan on investing all I can say is that you should be prepared to lose every penny you put in.

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