As we all know, the gold problem of TriumphFX platform has been a long time and has not been effectively solved, in order to alleviate the platform's gold problem, TriumphFX can be said to be a "magic", and recently will launch a new measure: not directly out of gold, not directly dump the pot, but decided to develop a virtual currency TFX, what is its intention?

TriumphFX develops virtual coins and gets them in one hour?

According to internal sources, TriumphFX is planning to launch a virtual currency, TFX, which will convert all of the platform's USD investor accounts into TFX coins! If users want to withdraw money, they need to convert TFX coins into USDT (1TFX Coin=1USDT), and then withdraw money through the virtual currency exchange, which is the so-called P2P withdrawal channel, and promise that the withdrawal can be received within 1 hour.

It's OK if the TFX price goes up, but what if the TFX price goes down? TriumphFX also promised that if the TFX Coin falls below a certain level, TriumphFX will repurchase it at a 1:1 rate, meaning that regardless of the value of the TFX coin, the platform will repurchase it at 1TFX Coin=1USDT. It is understood that the program will be implemented in the next month or two, at which time the funds of TriumphFX investors' accounts will be automatically converted into TFX, and new investors will need to purchase USDT and then conduct TFX transactions on the TriumphFX platform.

With faster withdrawals and a loss on the platform, TriumphFX sounds like a great way to protect investors, but is it really? At present, the network does not rule out some water army in vigorously advocating the feasibility of the program, and even threatened to buy a wave of low prices, but most investors are rational, skeptical, and even foreign users pointed out that TriumphFX is a Ponzi scheme.

Remember: money is hard to change

Industry insiders know that TriumphFX platform has been exposed to gold problems since this year, but it is not completely unable to withdraw gold, in the past half a year, TriumphFX users out of gold and so on one or two months is the norm, small funds are a little better, large money out of the account, Chinese investors and gold is particularly difficult. In response to this phenomenon, TriumphFX did not directly solve the problem of cash out to the account, first in July this year to the Rajesh Trader fund manager team, and now the development of its own virtual coins, has not fundamentally solved the investor's urgent need to solve the problem of cash out. Related reading please click "Huihuan" earthquake "! FVP Trade, TriumphFX, LILIUM three capital pan thunder"

As early as December 2020, FX110 network made it clear in the article "Explosion! TriumphFX is operating in a pyramid scheme mode, and the public number is the predecessor of OTM Ogilmey Hosting" that TriumphFX is essentially a capital tray robbing Peter to pay Paul! To borrow a phrase from the article: "Always believe that there is no free lunch, no pie in the sky cheap." And no matter what kind of tricks it plays, the capital plate is the capital plate, as long as there is no new money in, it is bound to crash, and this is only a matter of time and hope that the majority of investors think!

Source: FX110