GQL Quantify does not disclose any ownership or executive details on its website. The company operates from three identified website domains:
- gqlquantify.com – privately registered on February 5, 2024 (currently abandoned)
- gqlvip.top – privately registered on June 11, 2024
- gql.top – privately registered on June 12, 2024
To project an image of legitimacy, GQL Quantify presents a company certificate for a shell corporation named “HongKong Binance Global Co. Limited.”
Background Information on GQL Quantify
Assuming the authenticity of the certificate, it appears that Binance has no affiliation with GQL Quantify.
However, for due diligence regarding multi-level marketing (MLM), the certificate holds little to no significance. GQL Quantify, despite only being operational for a few months, misleadingly states on its website that it “was established in Hong Kong in 2017.”
As a general rule, if an MLM company is not transparent regarding its ownership or management, it’s crucial to carefully consider any decision to join or invest money.
GQL Quantify’s Products
GQL Quantify does not provide any products or services for retail sale. Affiliates are limited to promoting the GQL Quantify affiliate membership itself.
GQL Quantify’s Compensation Structure
Affiliates of GQL Quantify make investments using tether (USDT) with the expectation of earning the advertised passive returns:
- VIP1 – invest between 30 and 9999 USDT to receive 2.5% daily for 40 days
- VIP2 – invest between 100 and 9999 USDT to receive 3% daily for 33 days (requires recruiting ten affiliate investors to access)
- VIP3 – invest between 1000 and 9999 USDT to receive 4% daily (requires recruiting twenty affiliate investors to access)
GQL Quantify issues referral commissions through a unilevel compensation model. This model places an affiliate at the top of a unilevel team, with every directly recruited affiliate positioned beneath them (level 1):
GQL Quantify’s “click a button” Ponzi ruse is quantitative trading:
If level 1 affiliates bring in new affiliates, those recruits are assigned to level 2 of the initial affiliate’s unilevel team. Similarly, if level 2 affiliates recruit new members, they will be placed at level 3, and this process continues theoretically without limit. GQL Quantify restricts the payable unilevel team levels to four. Referral commissions are calculated as a percentage of the USDT invested across these four levels, structured as follows:
- Level 1 (affiliates personally recruited) – 12%
- Level 2 – 6%
- Level 3 – 4%
- Level 4 – 2%
Enrolling in GQL Quantify
Becoming a GQL Quantify affiliate is free of charge. However, to fully engage in the associated income opportunities, a minimum investment of 30 USDT is required.
Conclusion
GQL Quantify exemplifies yet another “click a button” Ponzi scheme. The so-called “click a button” operation of GQL Quantify revolves around quantitative trading:
The presented ruse is GQL Quantify affiliates log in and click a button (the more invested the more the button needs to be clicked).
Clicking the button is claimed to generate revenue through quantitative trading, and for some unknown reason, GQL Quantify shares a portion of that revenue with affiliate investors.
If this seems illogical, that’s because it is. Random users clicking a button in an app do not initiate quantitative trading. In truth, clicking a button within GQL Quantify has no effect; the platform merely reallocates new investments to pay earlier investors.
GQL Quantify is part of a larger trend of “click a button” app Ponzi schemes that have emerged since late 2021. Several already-failed “click a button” app Ponzi schemes using the same quantitative trading facade include A8 AI USDT, OLYMP Quantify, and Oscar AI.
Since 2021, BehindMLM has reported on hundreds of these “click a button” app Ponzi schemes, most of which last only a few weeks to a few months before they collapse. These apps typically vanish by shutting down both their websites and app without warning, resulting in significant losses for most investors (an inevitable outcome of Ponzi dynamics).
It is believed that the same group of Chinese scammers is responsible for the proliferation of these “click a button” app Ponzi schemes.