QTCPCoin fails to supply possession or government info on its web site.
QTCPCoin’s web site area (“qtcpcoin.com”), was privately registered on June twenty first, 2024.
QTCPCoin falsely represents it’s based mostly out of the US and has registered with a number of monetary regulators.
QTCPCoin, a number one international digital forex buying and selling platform, which has obtained twin MSB licenses from the USA and Canada, in addition to regulatory licenses from the U.S., NFA and SEC, is presently making use of for regulatory certification from the UK Monetary Conduct Authority (FCA).
None of those claims are true. In truth the FCA issued a QTCPCoin fraud warning on November twentieth, 2024.
If we take a look at QTCPCoin’s web site source-code we discover Chinese language:
This implies whoever is working QTCPCoin has ties to China.
As at all times, if an MLM firm isn’t overtly upfront about who’s working or owns it, suppose lengthy and laborious about becoming a member of and/or handing over any cash.
QTCPCoin’s Merchandise
QTCPCoin has no retailable services or products.
Associates are solely in a position to market QTCPCoin affiliate membership itself.
QTCPCoin’s Compensation Plan
QTCPCoin associates make investments tether (USDT). That is performed on the promise of non-publicly disclosed returns.
QTCPCoin additionally pays referral commissions on invested USDT down three ranges of recruitment (unilevel):
QTCPCoin doesn’t publicly disclose particular referral fee charges.
Becoming a member of QTCPCoin
QTCPCoin affiliate membership is free.
Full participation within the connected earnings alternative requires a minimal undisclosed funding in USDT.
QTCPCoin Conclusion
QTCPCoin is one more “click on a button” app Ponzi scheme.
QTCPCoin’s “click on a button” Ponzi ruse is buying and selling alerts:
The introduced ruse is QTCPCoin associates log in and click on a button (the extra invested the extra the button must be clicked).
Clicking the button purportedly ties into executing offered buying and selling alerts.
For some motive QTCPCoin can’t execute these trades on their very own, as an alternative choosing the ruse of sharing buying and selling income with traders.
If that is mindless it’s as a result of it doesn’t. Why get randoms to click on a button in a dodgy app when you can simply execute the trades your self?
In actuality clicking a button inside QTCPCoin’s app does nothing. All Finopta does is recycle newly invested funds to pay earlier traders.
QTCPCoin is a part of a bunch of “click on a button” app Ponzis which have emerged since late 2021.
Examples of already collapsed “click on a button” Ponzis utilizing the identical app ruse embrace RainbowEx, Gxness and TRC Commerce.
Since 2021 BehindMLM has documented lots of of “click on a button” app Ponzis. Most of them final a couple of weeks to some months earlier than collapsing.
“Click on a button” app Ponzis disappear by disabling each their web sites and app. This tends to occur with out discover, leaving nearly all of traders with a loss (inevitable Ponzi math).
Organized crime pursuits from China function rip-off factories behind “click on a button” Ponzis, sometimes from south-east Asian international locations.
In September 2024, the US Division of Treasury sanctioned Cambodian politician Ly Yong Phat over ties to Chinese language human trafficking rip-off factories.
By means of varied firms he owns, Phat is alleged to shelter Chinese language scammers working out of Cambodia.
No matter which nation they function from, the identical group of Chinese language scammers are believed to be behind the “click on a button” app Ponzi plague.