Torq Vita supplies no info on its web site about who owns or runs the enterprise.
The Torq Vita web site area was registered on November twelfth, 2018. The area registration doesn’t specify an proprietor.
On their web site Torq Vita declare to be “headquartered in Nice Britain”. To that finish the corporate supplies incorporation particulars for “Torq Vita LTD”.
UK incorporation is filth low-cost and for essentially the most half unregulated. It’s a favourite for scammers seeking to incorporate dodgy corporations.
A part of Torq Vita is Torqx Coin, which of their whitepaper Torq Vita claims is “registered in Dubai as a cryptocurrency supplier”.
Dubai is one other scam-friendly jurisdiction.
What we do be taught from the Torqx Coin web site is that Matthew Jones is credited as Founder and CEO of the corporate.
No info apart from a number of dodgy wanting social media profiles tie Jones to Torq Vita exterior of the whitepaper.
Coupled with the generic title, I’m flagging this as extremely suspicious. Whether or not Jones truly exists is unclear.
As all the time, if an MLM firm is just not brazenly upfront about who’s working or owns it, assume lengthy and arduous about becoming a member of and/or handing over any cash.
Torq Vita Merchandise
Torq Vita has no retailable services or products, with associates solely capable of market Torq Vita affiliate membership itself.
Torq Vita affiliate membership supplies entry to an ecommerce platform, via which services could be bought by way of third-party retailers.
The Torq Vita Compensation Plan
Torq Vita associates make investments funds on the promise of a 5% month-to-month ROI for 12 months.
- Enterprise Builder Pack $1000 – obtain $50 a month for twelve months plus the preliminary $1000 again
- Enterprise Builder Pack $2000 – obtain $100 a month for twelve months plus the preliminary $2000 again
- Enterprise Builder Pack $5000 – obtain $250 a month for twelve months plus the preliminary $5000 again
There may be additionally a $49 Shopper Pack and $99 Affiliate Pack, nonetheless these don’t have any funding returns hooked up to them.
Torq Vita Affiliate Ranks
There are eight affiliate ranks inside Torq Vita’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Affiliate – join and pay Torq Vita affiliate membership charges
- Star – generate $25,000 in downline membership payment quantity
- Ruby – generate $50,000 in downline membership payment quantity
- Diamond – generate $100,000 in downline membership payment quantity
- Blue Diamond – generate $200,000 in downline membership payment quantity
- Black Diamond – generate $400,000 in downline membership payment quantity
- Crown Diamond – generate $800,000 in downline membership payment quantity
- Double Crown Diamond – generate $1,600,000 in downline membership payment quantity
Ecommerce Commissions
Torq Vita pays a fee on ecommerce platform buying.
Associates obtain a ten% cashback on their very own purchases.
Residual ecommerce commissions are paid by way of a 2×10 matrix.
A 2×10 matrix locations a Torq Vita affiliate on the high of a matrix, with two positions straight below them:
These two positions kind the primary stage of the matrix. The second stage of the matrix is generated by splitting these first two positions into one other two positions every (4 positions).
Ranges three to 10 of the matrix are generated in the identical method, with every new stage housing thrice as many positions because the earlier stage.
- Shopper Pack associates earn a 1% ecommerce fee on two matrix ranges
- Affiliate Pack associates earn a 1% ecommerce fee on 4 matrix ranges
- Enterprise Builder $1000 associates earn a 1% ecommerce fee on six matrix ranges
- Enterprise Builder $2000 associates earn a 1% fee on eight matrix ranges
- Enterprise Builder $5000 associates earn a 1% fee on ten matrix ranges
Recruitment Commissions
Torq Vita associates are paid to recruit new associates.
Recruitment commissions paid out are decided by how a Torq Vita affiliate spends on their membership.
- Associates obtain a 6% recruitment fee fee
- Enterprise Builder $1000 associates obtain an 8% recruitment fee fee
- Enterprise Builder $2000 associates obtain a 9% recruitment fee fee
- Enterprise Builder $5000 associates obtain a ten% recruitment fee fee
Residual recruitment commissions are paid out by way of the identical 2×10 matrix as residual ecommerce commissions.
- Associates earn 1% on two matrix ranges
- Enterprise Builder $1000 associates earn 2% on the primary matrix stage and 1% on the second and third
- Enterprise Builder $2000 associates earn 3% on the primary matrix stage, 2% on the second and 1% on the third to fifth
- Enterprise Builder $5000 associates earn 4% on the primary matrix stage, 3% on the second, 2% on the third and 1% on the fourth to seventh matrix stage
Management Bonus
The Management Bonus seems to be a coded bonus, though what it’s paid out on is unclear.
- Star ranked associates can earn as much as 3%
- Ruby ranked associates can earn as much as 6%
- Diamond ranked associates can earn as much as 9%
- Blue Diamond ranked associates can earn as much as 12%
- Black Diamond ranked associates can earn as much as 15%
- Crown Diamond ranked associates can earn as much as 18%
- Double Crown Diamond associates can earn as much as 21%
If I needed to guess, the Management Bonus is both paid on complete downline recruitment quantity, or is a bonus proportion paid on private recruitment efforts.
The coded nature of the Management Bonus sees an affiliate paid at their rank, with the distinction (as much as 21%) paid upline to larger ranked associates.
Any time a Double Crown Diamond affiliate is discovered, they obtain both 21% upfront or what’s left of the Management Bonus left to pay out.
Diamond Membership Bonus
The Diamond Membership Bonus is much like the Management Bonus, in that what it’s paid out on is unclear.
- Diamond ranked associates earn a 3% Diamond Membership Bonus
- Blue Diamond ranked associates earn a 6% Diamond Membership Bonus
- Black Diamond ranked associates earn a 9% Diamond Membership Bonus
- Crown Diamond ranked associates earn a 12% Diamond Membership Bonus
- Double Crown Diamond ranked associates earn a 15% Diamond Membership Bonus
It seems the Diamond Membership Bonus is perhaps paid as well as the Management Bonus (on downline recruitment quantity).
Becoming a member of Torq Vita
Torq Vita affiliate membership ranges from $49 to $5000.
- Shopper Pack – $49
- Affiliate Pack – $99
- Enterprise Builder – $1000, $2000 or $5000
The extra an affiliate spends on membership the upper their revenue potential by way of the Torq Vita compensation plan.
Conclusion
The one factor I don’t get with Torq Vita is the stream of TORQX to associates.
Presumably the Enterprise Builder packages include TORQX however I couldn’t discover any specifics.
If not, Enterprise Builder associates are paying hundreds for a long-term ROI.
The ROI is paid out of subsequently invested funds, as TORQ Vita has no verifiable sources of exterior income.
There is perhaps a small kickback from the affiliate community they’re utilizing, however nowhere close to sufficient to keep up 5% a month on each Enterprise Builder account.
Using newly invested funds to pay present buyers a month-to-month return makes Torq Vita a Ponzi scheme.
The ecommerce aspect of the enterprise it negated by the truth that solely associates can entry the platform, successfully making these commissions recruitment pushed.
Thus you wind up with Torq Vita being a Ponzi pyramid hybrid.
As for Torqx Coin, at the moment it’s not publicly tradeable – which means TORQX are nothing greater than Ponzi factors.
I assume there an inner alternate someplace Torq Vita associates can put in withdrawal requests via, however there’s no indication of this on Torq Vita’s web site.
There’s truly not numerous info on Torq Vita’s web site, which in itself is a significant pink flag.
This contains the dearth of firm possession, together with the dodgy profiles introduced on the Torqx Coin web site.
Matthew Jones’ supplied Fb profile, for instance, has clearly been curated with minimal content material to look real.
From a technical standpoint TORQX is an ethereum-based ERC20 token.
ERC20 tokens are a dime a dozen. They value little to nothing to create and could be generated and arrange in 5 or so minutes.
TORQX serves one goal, to behave as an inner foreign money for Torq Vita’s Ponzi and pyramid fraud.
As with all such schemes, as soon as affiliate recruitment collapses so does the enterprise alternative.
The maths behind Ponzi and pyramid schemes ensures that once they collapse, nearly all of individuals lose cash.