Be Careful of Torque Trading Systems and Its TORQ Token Ponzi Scheme

    The cryptocurrency world is filled with scams, which has made opponents rather suspicious of any successful asset or even exchange. BehindMLM recently evaluated the Torque Trading Systems program, discovering a lot of missing information in the process.

    • Torque Trading Systems only brings in funding through the sign up of new affiliates.
    • Affiliates can get a percentage of the profits by recruiting others, paying out through a unilevel compensation structure.

    Torque Trading Systems registered their website domain ( on July 25th of this year, but a recent article by BehindMLM has found many holes in their claims and promises. However, the prominent issue that they found upon even entering the website is that there’s no information about who runs or owns the business, which the website states is a matter to “think long and hard about” if anyone chooses to invest.

    The only owner information provided is that Torque Group Holdings is in charge, though there’s an incomplete address provided in the British Virgin Islands. Making matters more worrisome, the British Virgin Islands are well-known for their lack of regulation, which allows many scams to be successful.

    When it comes to making money with Torque Trading Systems, there’s no product or service specifically. Instead, consumers are invited to act as an affiliate, adding more affiliates beneath them to earn through a referral commissions downline investment setup, using an unilevel compensation structure. However, the company asks affiliates to invest 1 ETH to get started, promising that there will be 0.15% to 0.45% in a daily return-on-investment (ROI).

    With a uni-level compensation structure, the affiliate is the head of a team, and every person that they recruit goes directly beneath them, creating level one. As their affiliates recruit others, those individuals become the second level beneath the original affiliate. This is quite literally how a pyramid scheme works.

    The affiliate levels for Torque Trading Systems allow the primary affiliate to collect from up to seven levels below them. The first-level affiliates allow the user to collect 33% on the referral commission, with levels 2 and 3 bringing in 16%. At levels 4 and 5, the referral commission is 10%, dropping to 6% at the seventh level. To get a membership, consumers must contribute 1 ETH upon sign up.

    Though there is little explanation further, Torque Trading System says that “proprietary trading systems and techniques” are used to create their external ROI revenue. Any passive returns offered by this type of program is considered a securities offering, and Torque Trading System has yet to register to provide these offerings in any jurisdiction around the world, suggesting that they are involved in securities fraud.

    Right now, the only type of revenue that is clearly entering the Torque Trading Systems platform is a new investment, accepted when a new affiliate member gets involved. By using new investments to pay the investors already involved, Torque Trading Systems is essentially considered a Ponzi scheme, according to Behind MLM. As memberships dwindle, the ROI revenue for Torque Trading Systems will die down as well, causing a collapse of the company, and investors will lose on their investment.

    Though Torque Trading Systems offers the TORQ token, it can’t be publicly traded, and there’s no demand for them. Once the money runs out on the original affiliate membership payments, the company will be forced to refuse any more withdrawals, leaving consumers with useless digital assets.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Krystle M
    Krystle is an American cryptocurrency blogger that wants to see the future of crypto and blockchain technology evolve. She has been writing about cryptocurrency for about a year, with a special interest in blockchain technology and regulatory measures around the world. While away from writing and learning about the changes in the cryptocurrency industry, she likes to indulge in science fiction novels and further her experience in playing both guitar and piano.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


    Please enter your comment!
    Please enter your name here


    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    Crypto Community Sentiment Still Bullish Despite BTC Trading 40% Lower Than Yearly High

    Bitcoin proponents had a lot of expectations from 2020, given the impending Block Reward Halving and the expected bull run. The year started as...

    Modern Monetary Theory (MMT) vs BTC to be the Main Event of 2020

    The biggest global emergency of the century, COVID-19 pandemic has the Treasury officials trying to decide on how much they can spend to fight...

    This Crisis Is A ‘Perfect Storm' For Bitcoin But We Could Be In For A ‘Prolonged Bear Market'

    Bitcoin is back in the green, recording the gains of 3.14% in the past 24 hours while volume on the top ten exchanges with...

    Banking Giant Santander to Bring One Pay FX Payment System to Mexico Utilizing RippleNet

    In 2020, the major Spain-based bank Santander is planning to roll out the One Pay FX program, its Ripple powered system for international payments,...

    Bitcoin Bull Market Won’t be Happening Immediately After the Halving: Bitmain CEO

    Bitcoin is currently trading above $6,300, still down over 14% on a year-to-date basis but up more than 60% from the 2020 low of...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.