GPT Platforms fails to disclose any information regarding ownership or management on its website.
The platform is accessible via two domains:
- top-gpt.vip – anonymously registered on April 7th, 2024
- top-gpt5.vip – anonymously registered on April 10th, 2024
To seem credible, GPT Platforms displays a certificate for a disparate Florida entity known as “Quantimental Investments LLC”.
The certificate is dated February 2021 and, presuming it’s genuine, evidently bears no connection to GPT Platforms, which is relatively new, having been established just over a month ago.
On the authoritative side, the Central Bank of Russia issued a pyramid scheme alert concerning GPT Platforms on May 17th, 2024.
Another point of concern is that the company’s website “terms of use” is a direct copy from Binance, translated into Chinese:
As usual, if a multi-level marketing firm isn’t transparent about the individuals in charge, carefully consider the risks before joining or investing your money.
Product Offering of GPT Platforms
GPT Platforms offers no products or services for retail sale.
The only thing affiliates can promote is the membership for GPT Platforms itself.
Compensation Scheme of GPT Platforms
GPT Platforms encourages affiliates to invest tether (USDT) in exchange for promised passive earnings:
- invest 10 to 9999 USDT and receive 2.5% daily for 40 days
- invest 20 to 9999 USDT and receive 3% daily for 33 days (unlockable by recruiting ten affiliate investors)
- invest 500 to 9999 USDT and receive 4% daily for 25 days (unlockable by recruiting twenty affiliate investors)
Referral commissions on invested USDT are disbursed across three tiers of recruitment (unilevel system):
- tier 1 (direct recruits) – 3%
- tier 2 – 2%
- tier 3 – 1%
Membership for GPT Platforms
Signing up as a GPT Platforms affiliate is without charge.
However, fully engaging in the income opportunity necessitates a minimum investment of 10 USDT.
Final Thoughts on GPT Platforms
GPT Platforms represents another iteration of the rampant “click a button” app Ponzi scheme trend.
The facade presented by GPT Platforms is that of quantitative automated trading:
The TOP-Gpt platform offers premier one-stop quantitative trading solutions. By deploying the TOP-Gpt artificial intelligence trading bot, it leverages empirical data alongside big data and AI.
The claim is that GPT Platforms affiliates simply need to log in and click a button (the larger the investment, the more frequent the button presses).
Purportedly, pressing the button generates earnings through quantitative trading, a share of which GPT Platforms then distributes to its affiliate investors.
This notion is illogical because random individuals activating a button on an app does not initiate authentic algorithmic trading operations.
In truth, the button inside GPT Platforms serves no real function. The platform merely cycles new investment monies to repay previous investors.
GPT Platforms is among a slew of “click a button” app Ponzi schemes that surfaced around late 2021.
These app-based schemes—including GSTAIQ, edX AI, and PDT Quantify—that have already collapsed all employed a similar façade of quantitative trading.
Thus far, TRUST has cataloged over a hundred of these “click a button” app Ponzis, with most collapsing within weeks to months of operation.
These scams generally vanish by shutting down their websites and apps without any warning, leaving most investors out of pocket due to inescapable Ponzi scheme economics.
A collective of Chinese fraudsters is suspected to be behind this wave of “click a button” app Ponzi catastrophes.