TOST Review: Quantitative trading “click a button” Ponzi
TOST fails to provide ownership or executive information on its website.
TOST operates from five known website domains:
- tostq.com – privately registered on December 23rd, 2023 (primary website)
- tostadon.com – first registered in 2020, private registration last updated on June 21st, 2024 (app funnel)
- ntost.com – first registered in 2004, private registration last updated on June 21st, 2024 (app funnel)
- ctostapp.xyz – registered with bogus details on August 20th, 2024 (app funnel)
- ctost.com – registered with bogus details on June 16th, 2024 (app funnel)
There are likely other TOST website domains we’re not aware of.
Despite existing for less than a year, on its website TOST provides a bogus roadmap dating back to 2018:
If we click on the support section of one of TOST’s websites, we learn it runs on the Meiqia platform.
Meiqia is a Chinese software company based out of Beijing. This suggests whoever is running TOST has ties to China.
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.
TOST’s Products
TOST has no retailable products or services.
Affiliates are only able to market TOST affiliate membership itself.
TOST’s Compensation Plan
TOST affiliates invest tether (USDT). This is done on the promise of advertised passive returns:
- VIP1 – invest 30 USDT and receive 1.8% to 3% a day
- VIP2 – invest 500 USDT and receive 2.8% to 3.3% a day
- VIP3 – invest 2000 USDT and receive 3.3% to 3.8% a day
- VIP4 – invest 6000 USDT and receive 3.8% to 4.3% a day
- VIP5 – invest 20,000 USDT and receive 4.3% to 4.8% a day
- VIP6 – invest 100,000 USDT and receive 4.8% to 5.3% a day
TOST pays referral commissions on invested USDT down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 21%
- level 2 – 7%
- level 3 – 3%
Joining TOST
TOST affiliate membership is free.
Full participation in the attached income opportunity requires a minimum 30 USDT investment.
TOST Conclusion
TOST is yet another “click a button” app Ponzi scheme.
TOST’s “click a button” Ponzi ruse is quantitative trading:
TOST’s vision is to become a global leader in quantitative trading technology and drive the future development of the fintech industry.
The presented ruse is TOST 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 TOST 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 TOST’s app does nothing. All TOST does is recycle newly invested funds to pay earlier investors.
TOST 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 World Quant AI, AI Global and Wheatland AI.
Since 2021 BehindMLM has documented hundreds of “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).
Organized crime interests from China operate scam factories behind “click a button” Ponzis from south-east Asian countries.
In September 2024, the US Department of Treasury sanctioned Cambodian politician Ly Yong Phat over ties to Chinese human trafficking scam factories.
Through various companies he owns, Phat is alleged to shelter Chinese scammers operating out of Cambodia.
Regardless of which country they operate from, the same group of Chinese scammers are believed to be behind the “click a button” app Ponzi plague.
Update 28th September 2024 – TOST appears to have collapsed. The company’s primary website is offline and investors are reporting withdrawal/support issues.
My colleagues wanted to bring me into this, but it seemed fishy to me and did my own research as well.
Pretty much got to the same domains and then I turned to the darkest place on Earth, reddit. Thats when I learned about app scam.
I can’t wait to see my colleagues face when they can’t withdraw their money, they already planned how much money they gonna make by the end of the year and want to quit their jobs. Sad really.
And did they lose there money?
“Click a button” Ponzi schemes are collapsed when the Chinese scammers running them decide to do so. This results in the majority of investors losing money. That’s on top of the advanced fee withdrawal scams they also run.
How will you know if these schemes will tend to rug pull at anytime soon? What are the hints?
There are no hints. You wake up one day and TOST’s website(s) is/are gone. Same as all the other cookie-cutter Chinese app Ponzis.
I think the time has come.
Oh. Thanks Oz. Do you think all these crypto-scams all over the web are always Chinese syndicated in origin?
Hey Andy, how could you say “the time has come” is it the end of TOST? I can still access their websites. They even have promotions right now.
“Click a button” app Ponzis are a specific type of Ponzi, all of which are run by Chinese scammers through human trafficked slaves.
That said, the majority of MLM crypto scams these days do seem to be fronted/backed/run/whatever by Russian and Chinese crime syndicates.
we are using Tost now in Netherland ,my friends took money out ,but I stil think it is to good to be true.
Metthias, dont. Our group has been offline since a few days. The bonusses are a scam, everything is a scam. some have lost a few hundred, some a couple ten grands. Its done, were done and fucked. i lost 680 dollars.
TOST is a scam. They lure investors with match-up promos and bonuses, but after a short period, key administrators, like someone named Amelia, disappear.
Shortly after, the platform freezes accounts and preventing withdrawals. I lost 6,200 USD.
So me and my friends decided to participate in TOST. With a push of 2000 usdt, I made 7000 usdt in a day.
My friend already told me: now is the time they’re gonna pull the plug.
The only thing I want to know is: Does anyone know who is behind this and if so, what are the consequences for them?
Hello, the TOST is closed now. The TOST was runnig almost one year… i lost 450€….
There is their wallet:
tronscan.org/#/data/analytics/account/holdings?address=TDmptkSfQ6EFeSoXgDBA3ejiTJPKZuwMjs&tokenId=TR7NHqjeKQxGTCi8q8ZY4pL8otSzgjLj6t
Chinese scammers. Read the review.
They get rich because dumbasses keep falling for these braindead app Ponzis.
That’s usually a sure sign it’s too late to withdraw and it’s rugging shortly.
Here in Greece the victims are around 10.000. The tost pull the plug a few days ago. We are organising to sue the people behind this.
The people inthe top of the pyramid here in Greece.Is a matter of days to see the first arrests.
Well Chris i hate to break it to you but you’re not sueing anyone, these scammers are based in china and made sure to hide their identity.
You should see this as a valuable lesson instead of desperately trying to get the money back as you will not succeed unfortunately. If something is too good to be true then it most likely is.