Torque Buying and selling Methods supplies no data on its web site about who owns or runs the enterprise.
Torque Buying and selling Methods’ web site area (“torque.asia”) was registered on July twenty fifth, 2019.
Torque Group Holdings is listed because the proprietor, by means of an incomplete deal with within the British Virgin Islands.
The British Virgin Islands is a rip-off pleasant jurisdiction with little to no regulation. There isn’t any cause for a reputable MLM firm to include itself there.
As all the time, if an MLM firm isn’t brazenly upfront about who’s working or owns it, suppose lengthy and laborious about becoming a member of and/or handing over any cash.
Torque Buying and selling Methods’ Merchandise
Torque Buying and selling Methods has no retailable services or products, with associates solely capable of market Torque Buying and selling Methods affiliate membership itself.
Torque Buying and selling Methods’ Compensation Plan
Torque Buying and selling Methods associates make investments 1 ETH or extra on the promise of an marketed 0.15% to 0.45% every day ROI.
Be aware that each one returns paid out by Torque Buying and selling Methods are in TORQ tokens.
Torque Buying and selling Methods pays referral commissions downline funding through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel crew, with each personally recruited affiliate positioned instantly beneath them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel crew.
If any degree 2 associates recruit new associates, they’re positioned on degree 3 and so forth and so forth down a theoretical infinite variety of ranges.
Torque Buying and selling Methods caps payable unilevel crew ranges down seven ranges of recruitment.
Referral commissions are paid out throughout these seven ranges as follows:
- recruit one affiliate = 33% referral fee on degree 1 (personally recruited associates)
- recruit two associates = 33% on degree 1 and 16% on degree 2
- recruit three associates = 33% on degree 1 and 16% on ranges 2 and three
- recruit 4 associates = 33% on degree 1, 16% on ranges 2 and three and 10% on degree 4
- recruit 5 associates = 33% on degree 1, 16% on ranges 2 and three and 10% on ranges 4 and 5
- recruit six associates = 33% on degree 1, 16% on ranges 2 and three, 10% on ranges 4 and 5 and 6% on degree 6
- recruit seven associates = 33% on degree 1, 16% on ranges 2 and three, 10% on ranges 4 and 5 and 6% on ranges 6 and seven
Be aware that with a purpose to rely recruited associates should even have invested.
If a Torque Buying and selling Methods affiliate recruits seven investing associates who every in flip recruit seven investing associates (known as a Market Chief), they qualify for an extra 16% on downline funding exercise.
If a Torque Buying and selling Methods affiliate recruits seven Market Leaders (known as a Regional Chief), they qualify for an additional bonus 16% on downline funding exercise.
Be aware that each the Market Chief and Regional Chief bonuses solely apply to seven ranges of the unilevel crew.
Becoming a member of Torque Buying and selling Methods
Torque Buying and selling Methods affiliate membership is tied to a minimal 1 ETH funding.
Conclusion
Torque Buying and selling Methods claims to generate exterior ROI income through “proprietary buying and selling methods and strategies”.
Providing passive returns by any means constitutes a securities providing, which Torque Buying and selling Methods isn’t registered to supply in any jurisdiction.
Along with securities fraud, the one verifiable income coming into Torque Buying and selling Methods is new funding.
Utilizing new funding to pay current traders makes Torque Buying and selling Methods a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dies down so too will new funding.
This can starve Torque Buying and selling Methods of ROI income, finally prompting a collapse.
The mathematics behind Ponzi schemes ensures that after they collapse, the vast majority of traders lose cash.
The usage of the nugatory TORQ token means Torque Buying and selling System returns are, for probably the most half, monopoly cash backoffice numbers.
Precise withdrawals might be made until the corporate’s nameless admins refuse to pay out. After which Torque Buying and selling Methods associates might be left holding TORQ tokens they’ll’t do something with.
TORQ tokens are usually not publicly tradeable, neither is there any demand for them exterior of Torque Buying and selling Methods itself.
There’s proof of Torque Buying and selling Methods already heading for collapse, following a merger announcement made just a few days in the past.
Earlier this week Exxa Pockets held a advertising occasion in Singapore. Exxa Pockets is World Blockchain Discussion board’s fourth crypto Ponzi scheme.
On the Exxa Pockets occasion CEO Danny Pang (proper) introduced a merger with Torque Buying and selling Methods.
Right this moment I’d wish to announce a partnership and a merger with a really particular group of individuals right here in Singapore.
A few of you would possibly have already got heard the information. For the Exxa companions you might be listening to it from me for the primary time, proper?
Let me introduce a brand new each we might be partnering with …
Pang’s introduction noticed him play a Torque Buying and selling Methods presentation, throughout which he scurried off stage.
When the presentation was over, Pang launched Bernard Ong (proper) as CEO of Torque Buying and selling Methods.
Like the remainder of the businesses related to World Blockchain Discussion board, Ong has been plucked from relative obscurity.
It’s extremely probably that Torque Buying and selling Methods was initially a headless launch by World Blockchain Discussion board.
In that case, Torque Buying and selling Methods can be the rip-off outfit’s fifth Ponzi scheme launch this yr.
Replace sixteenth February 2022 – The Snap Improvements scammers behind Torque Buying and selling have returned with RoboFi, a non-MLM crypto Ponzi.