Top GPT Review: Quantitative trading “click a button” app Ponzi
Top GPT fails to provide ownership or executive information on its website.
Top GPT operates from two known website domains:
- top-gpt.vip – privately registered on April 7th, 2024
- top-gpt5.vip – privately registered on April 10th, 2024
In an attempt to appear legitimate, Top GPT provides an unrelated Florida company certificate for “Quantimental Investments LLC”.
The certificate is dated February 2021 and, assuming it’s not a forgery, obviously has nothing to do with Top GPT. Top GPT is barely a month old.
On the regulatory front, the Central Bank of Russia issued a Top GPT pyramid fraud warning on May 17th, 2024.
Of final note is Top GPT’s website “terms of use” being copied from Binance, localized in Chinese:
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.
Top GPT’s Products
Top GPT has no retailable products or services.
Affiliates are only able to market Top GPT affiliate membership itself.
Top GPT’s Compensation Plan
Top GPT affiliates invest tether (USDT). This is done on the promise of advertised passive returns:
- invest 10 to 9999 USDT and receive 2.5% a day for 40 days
- invest 20 to 9999 USDT and receive 3% a day for 33 days (must recruit ten affiliate investors to unlock)
- invest 500 to 9999 USDT and receive 4% a day for 25 days (must recruit twenty affiliate investors to unlock)
Top GPT pays referral commissions on invested USDT down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 3%
- level 2 – 2%
- level 3 – 1%
Joining Top GPT
Top GPT affiliate membership is free.
Full participation in the attached income opportunity requires a minimum 10 USDT investment.
Top GPT Conclusion
Top GPT is yet another “click a button” app Ponzi scheme.
Top GPT’s “click a button” Ponzi ruse is quantitative trading:
TOP-Gpt platform provides you with the world’s leading one-stop quantitative trading. Through TOP-Gpt artificial intelligence trading robot, it is based on scientific data and uses big data and artificial intelligence.
The presented ruse is Top GPT affiliates log in and click a button (the more invested the more the button needs to be clicked).
Clicking the button purportedly generates revenue via quantitative trading, which for some reason Top GPT shares a percentage of with affiliate investors.
If that makes no sense it’s because it doesn’t. Randoms clicking a button in an app doesn’t trigger quantitative trading.
In reality clicking a button inside Top GPT does nothing. All Top GPT is doing is recycling newly invested funds to pay earlier investors.
Top GPT is part of a group of “click a button” app Ponzis that have emerged since late 2021.
Examples of already collapsed “click a button” app Ponzis using the same quantitative trading ruse include GSTAIQ, edX AI and PDT Quantify.
Including Top GPT, BehindMLM has thus far documented over a hundred “click a button” app Ponzis. Most of them last a few weeks to a few months before collapsing.
“Click a button” app Ponzis disappear by disabling both their websites and app. This tends to happen without notice, leaving the majority of investors with a loss (inevitable Ponzi math).
The same group of Chinese scammers are believed to be behind the “click a button” app Ponzi plague.
Update 26th June 2024 – Top GPT has collapsed. As at the time of this update Top GPT’s website is no longer accessible.