MuQuant Review: MUQT token “arbitrage” ruse Ponzi
MuQuant (stylized as µQuant), fails to provide ownership or executive information on its website.
MuQuant’s website domain (“muquant.com”), was privately registered on March 30th, 2023.
Update 28th June 2023 – Following a reader tip off from Limbix in the comments below, it appears Kancha Chora is behind MuQuant.
Chora hosted a MuQuant marketing event in Vietnam earlier this month.
At the event Chora spoke on stage. He is cited as having ties to the UK and Nepal.
On LinkedIn Chora cites his location as Maidstone, England.
Prior to launching MuQuant, Chora was promoting the Gym Network Ponzi scheme.
Other collapsed Ponzi schemes Chora has promoted include DasCoin, Cloud Token and uFun Club. /end update
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.
MuQuant’s Products
MuQuant has no retailable products or services.
Affiliates are only able to market MuQuant affiliate membership itself.
MuQuant’s Compensation Plan
MuQuant affiliates invest tether (USDT). This is done the promise of advertised monthly returns:
- invest 10 to 4999 USDT and receive 7% a month capped at 300%
- invest 5000 to 9999 USDT and receive 10% a month capped at 350%
- invest 10,000 to 29,999 USDT and receive 12% a month capped at 400%
- invest 30,000 USDT or more and receive 15% a month capped at 500%
MuQuant pays returns in their own MUQT token. Note that invested tether is locked for at least one year.
MuQuant pays referral commissions on invested tether down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 25%
- level 2 – 15%
- level 3 – 10%
Joining MuQuant
MuQuant affiliate membership is free.
Full participation in the attached income opportunity requires a minimum 10 USDT investment.
MuQuant Conclusion
MuQuant represents it generates external revenue via arbitrage trading.
No evidence of MuQuant being engaged in arbitrage trading, or any other form of external revenue generation is provided.
On the regulatory MuQuant’s passive investment opportunity constitutes a securities offering.
MuQuant fails to provide evidence it has registered with financial regulators, meaning that at a minimum MuQuant is committing securities fraud.
As it stands, the only verifiable source of revenue entering MuQuant is new investment.
Using new investment to pay MUQT withdrawals makes MuQuant a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve MuQuant of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
MuQuant’s exit-scam of choice is already baked into its business model. MUQT is a BEP-20 token, which can be created in a few minutes at little to no cost.
All ROI payments within MuQuant are paid in MUQT. The problem for investors is MUQT is worthless outside of MuQuant.
When MuQuant inevitably collapses, investors will be left bagholding yet another worthless Ponzi shit token.
Update 21st November 2023 – MuQuant has collapsed.
I deposited mistakedly. The admin is unreacheable, no TG, Twitter contact,nothing.
You collect this dubious poocoin supposedly from arb trades by when you try to swap it to USDT, within the platform id does nothing, so you are stuck with MUquant, STAY AWAY.
Thank you for the good work in identifying scammers.
This project is owned by Kancha Chora. It seems arbitrage trading is the new hype in the mlm industry because Ari Maccabi, Darren Little and Mateusz Guzda are promoting another arbitrage project called GPBots.
Thanks for the heads up. Arbitrage trading is a Ponzi ruse that’s been around for over a decade.
It’s a variation of “trading bot”, which after mining died became the number one MLM crypto Ponzi ruse. Now of course it’s aI tRaDiNg.
Ari Maccabi is a crook! This guy thinks he is the ponzi police but is promoting knowingly just crap. He lies to people all the time.
Ari Maccabi always follows Polish guys like Mateusz Guzda and Pawel Wojnicz no matter if it’s a scam or not.
Despite these concerns, MuQuant offers irrefutable blockchain proof of their flash loan trades. This is a noteworthy point, as it provides verifiable evidence of at least some form of revenue generation outside of new investments.
Even so, it’s essential to pay careful attention to the other substantial matters involved. Just as with the present situation, life itself is inherently fraught with risks.
So dance with danger, embrace the strife!
iRrEfUtAbLe BlOcKcHaIn PrOoF means fuck all.
Legally required filed audited financial reports or Ponzi.
Sorry for your loss.
Added Kancha Chora to review introduction.
@Rohit
Blockchain proof just means you can see that funds are being transferred. What you should should do is track the wallets , and see how much is flowing out.
You will probably discover that large amounts are flowing out of the same wallets, and even after “platform collapse” transactions are still taking place in order to drain the rest of the funds, while creating new wallets to try and diverge attention from what they are doing.
So far so good with my experience. I’m not saying y’all are making it up but usually ponzi schemes benefit the early ones and the ones getting in late get fucked.
I was early and maybe that’s why all is working fine so far for me? Again. I’ve had no issues taking out my money.
Yes my investment is locked for one year but I’m taking out my interest made with no issues.
MuQuant is barely a few months old and its website traffic is already so low SimilarWeb doesn’t track it.
Sorry for your loss.
These types of one click trade/lock and earn , do not usually stick around for longer than a few months.
it will go fine for the first few weeks ,until the owners have stolen enough from a few big donors who try to make a quick buck, website crashes, all the bagholders cry, after the rug.
This fella and his team has been part of multiple ponzis starting from Onecoin, Dascoin, Gym Network to name a few and this crap.
dont fall for it guys Kancha Chora and his team are masters of Ponzi schemes. STAY OUT OF IT YOU HAVE BEEN WARNED!!!!!