Torque Trading Systems provides no information on its website about who owns or runs the business.
Torque Trading Systems’ website domain (“torque.asia”) was registered on July 25th, 2019.
Torque Group Holdings is listed as the owner, through an incomplete address in the British Virgin Islands.
The British Virgin Islands is a scam friendly jurisdiction with little to no regulation. There is no reason for a legitimate MLM company to incorporate itself there.
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.
Torque Trading Systems’ Products
Torque Trading Systems has no retailable products or services, with affiliates only able to market Torque Trading Systems affiliate membership itself.
Torque Trading Systems’ Compensation Plan
Torque Trading Systems affiliates invest 1 ETH or more on the promise of an advertised 0.15% to 0.45% daily ROI.
Note that all returns paid out by Torque Trading Systems are in TORQ tokens.
Torque Trading Systems pays referral commissions downline investment 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.
Torque Trading Systems caps payable unilevel team levels down seven levels of recruitment.
Referral commissions are paid out across these seven levels as follows:
- recruit one affiliate = 33% referral commission on level 1 (personally recruited affiliates)
- recruit two affiliates = 33% on level 1 and 16% on level 2
- recruit three affiliates = 33% on level 1 and 16% on levels 2 and 3
- recruit four affiliates = 33% on level 1, 16% on levels 2 and 3 and 10% on level 4
- recruit five affiliates = 33% on level 1, 16% on levels 2 and 3 and 10% on levels 4 and 5
- recruit six affiliates = 33% on level 1, 16% on levels 2 and 3, 10% on levels 4 and 5 and 6% on level 6
- recruit seven affiliates = 33% on level 1, 16% on levels 2 and 3, 10% on levels 4 and 5 and 6% on levels 6 and 7
Note that in order to count recruited affiliates must also have invested.
If a Torque Trading Systems affiliate recruits seven investing affiliates who each in turn recruit seven investing affiliates (referred to as a Market Leader), they qualify for an additional 16% on downline investment activity.
If a Torque Trading Systems affiliate recruits seven Market Leaders (referred to as a Regional Leader), they qualify for another bonus 16% on downline investment activity.
Note that both the Market Leader and Regional Leader bonuses only apply to seven levels of the unilevel team.
Joining Torque Trading Systems
Torque Trading Systems affiliate membership is tied to a minimum 1 ETH investment.
Conclusion
Torque Trading Systems claims to generate external ROI revenue via “proprietary trading systems and techniques”.
Offering passive returns by any means constitutes a securities offering, which Torque Trading Systems is not registered to offer in any jurisdiction.
In addition to securities fraud, the only verifiable source of revenue entering Torque Trading Systems is new investment.
Using new investment to pay existing investors makes Torque Trading Systems a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dies down so too will new investment.
This will starve Torque Trading Systems of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of investors lose money.
The use of the worthless TORQ token means Torque Trading System returns are, for the most part, monopoly money backoffice numbers.
Actual withdrawals will be made till the company’s anonymous admins refuse to pay out. After which Torque Trading Systems affiliates will be left holding TORQ tokens they can’t do anything with.
TORQ tokens are not publicly tradeable, nor is there any demand for them outside of Torque Trading Systems itself.
There is evidence of Torque Trading Systems already heading for collapse, following a merger announcement made a few days ago.
Earlier this week Exxa Wallet held a marketing event in Singapore. Exxa Wallet is World Blockchain Forum’s fourth crypto Ponzi scheme.
At the Exxa Wallet event CEO Danny Pang (right) announced a merger with Torque Trading Systems.
Today I’d like to announce a partnership and a merger with a very special group of people here in Singapore.
Some of you might already have heard the news. For the Exxa partners you are hearing it from me for the first time, right?
Let me introduce a new both we will be partnering with …
Pang’s introduction saw him play a Torque Trading Systems presentation, during which he scurried off stage.
When the presentation was over, Pang introduced Bernard Ong (right) as CEO of Torque Trading Systems.
Like the rest of the companies associated with World Blockchain Forum, Ong has been plucked from relative obscurity.
It’s highly likely that Torque Trading Systems was initially a headless launch by World Blockchain Forum.
If so, Torque Trading Systems would be the scam outfit’s fifth Ponzi scheme launch this year.
Update 16th February 2022 – The Snap Innovations scammers behind Torque Trading have returned with RoboFi, a non-MLM crypto Ponzi.