Looking into Ormeus Global’s Questionable Practices
Ormeus Global is an IQ blockchain and its ORME coin is scheduled to appear on major exchanges once the platform diverges from the Multi-Level Marketing (MLM) model.
Instead, this will be a New Economic Model (NEM). Accordingly, this type of system may be a great way to enhance one’s Bitcoin portfolio, especially because it behind one of the largest and uniquely constructed Bitcoin-backed mining companies in the world.
Of course, it does not necessarily mean that Ormeus Global’s practices are without question. In fact, since 2017, the company’s public trading prices have been fluctuating greatly. Normally at five dollars, prices tumbled to just over $1. The decline then continued to 88 cents and in March, news emerged that Ormeus has not been paying affiliates the commission they had earned.
Recently, the company took another step and generated ties with the IQ Chain and unfortunately, it too has questionable practices. The IQ Chain, called Twelvod, was first released in 2012 and seemingly is an attempt to rebrand Ormeus Global.
By the look of it, the IQ Chain products cannot be retailed and instead, they are just a way for the company to market affiliate membership. Further, the Ormeus QI range of supplements are only available for affiliates.
The IQ change also has a compensation plan in place that operates like a traditional MLM – meaning, the company has done a poor job at transitioning to a New American Model. The compensation plan is also very similar to that of Ormeus Global, which supports the contention that the companies are one in the same.