TOANT: the promises and the fine print

"The future of crypto earning", a "fixed salary", "income from six generations". That is how TOANT presents itself: a Telegram project describing a multi-layer reward ecosystem on the TON blockchain. 🐜

About 3,700 people use the mini app each month. Here is what the project claims to offer and how to judge those promises before spending anything.

The seven systems TOANT advertises

1. A daily giveaway for active users.
2. A "fixed salary" system.
3. Weekly giveaways.
4. Daily goals and achievements.
5. Mining and gaming rewards.
6. Income from six levels of referrals.
7. A TOANT coin exchanger launch.

Sounds generous. Let's look at each piece more closely.

TON mining ended years ago

Real Toncoin mining ran from 2020 until June 2022, after which the TON network moved to proof-of-stake. So any "mining" in a Telegram bot today means game points. You tap buttons or upgrade virtual rigs, and the app credits you with its own coin.

Those points are only worth what someone will pay for them. Public sources show no independent trading of a TOANT coin. ⛏️

Why six-level income is a red flag

When you get paid for the people you invite and for the people they invite, six levels deep, that is a classic multi-level scheme. In such setups, payouts to earlier members usually come from newer members' money.

While sign-ups grow, it works. When they slow down, payouts stop, and the latest joiners lose what they put in. ⚠️

A "fixed salary" in a crypto project is another warning sign. No honest project can guarantee steady income without a clear source of revenue.

How to vet any project like this

• Where does the money come from? If new members are the only source of payouts, it is a pyramid.
• Who is the team? Look for public names, a legal entity and a track record.
• Is the coin on independent exchanges? An in-house exchanger is not a market price.
• Do they charge to join? Fees for a plan, equipment or activation move the game into risky territory.
• What do outsiders say? A lack of independent reviews tells you something too.

If you still want to try it

1. Do not put money in. Stick to the free features.
2. Do not recruit friends or family with income promises. If it collapses, they lose.
3. Use a separate empty wallet. Never connect one holding real savings.
4. Never share your seed phrase with the bot or a "manager" in your DMs.

In several countries, schemes that pay multi-level rewards for recruiting new members can be illegal. Before inviting anyone, ask yourself if you are ready to face that person if it all ends in losses. 💭