Trojan fails to provide ownership or executive information on its website.
Trojan’s website domain (“trojan.com”), was first registered in 1995. The private registration was last updated on December 15th, 2024.
Through the Wayback Machine we can Trojan’s website went live in December 2024. So this appears to be around the time the domain was purchased.
Marketing videos on Trojan’s official YouTube channel date back to January 2024. This suggests the scheme was operating on Telegram prior to registering a website domain.
Trojan’s marketing videos are AI robo-dubbed. While not always, this is typical of non-native English speaking admins.
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.
Trojan’s Products
Trojan has no retailable products or services.
Affiliates are only able to market Trojan affiliate membership itself.
Trojan’s Compensation Plan
Trojan affiliates invest the solana cryptocurrency (SOL).
This is done on the promise of passive returns, purportedly derived via copy trading (click to enlarge):
Trojan offers a bunch of other trading services but copy trading seems to be the most prominent.
On the MLM side of things Trojan pays referral commissions via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
Trojan caps payable unilevel team levels at five.
Referral commissions are paid as a percentage of trading fees paid across these five levels as follows:
- level 1 (personally recruited affiliates) – 25%
- level 2 – 3.5%
- level 3 – 2.5%
- level 4 – 2
- level 5 – 1%
Joining Trojan
Trojan affiliate membership is free.
Full participation in the attached income opportunity requires an undisclosed minimum investment through Trokan’s Telegram bot.
Trojan Conclusion
Telegram scam bots are nothing new. The MLM variety were primarily run by Russian scammers and mostly died out a few years ago (V-Tec, Cryptify, Martingale Bot, iCenter, Minerva, NikeGold etc.).
More recent examples from last year are TON Booster and Aladdin Royal, both of which have already collapsed.
At a basic level Trojan is committing securities and commodities fraud. On the backend you’re relying on a bot of unknown origin you have no control over.
With nothing marketed or sold to retail customers, the MLM side of Trojan operates as a pyramid scheme.
As with all MLM pyramid schemes, once affiliate recruitment dries up so too will commissions.
Math guarantees that when an MLM pyramid scheme collapses, the majority of participants lose money.
