Its abbreviation, “World Over the Counter” (WorldOTC), describes its nature well. Don’t try to figure out what the name means because it doesn’t imply anything.
On its website, WorldOTC says nothing about who owns or operates the business.
WorldOTC gives a slew of worthless or completely fictitious regulatory certificates through its app in an attempt to seem respectable.
The Financial Conduct Authority (FCA) certificate is one example. According to the FCA database, the given reference number is invalid.
In 2019, WorldOTC registered the domain name “worldotc.com” for their website. On June 17, 2022, the most recent revision was made to the non-public registration.
It was probably about the time the present proprietors took over the domain.
By inspecting the site’s source code, we can find that WorldOTC has a Chinese version:
Given these facts, it’s likely that whomever is running WorldOTC has connections to China.
According to SimilarWeb, WorldOTC’s website will have a dramatic increase in visitors beginning in June 2022.
About 38% of the visits to WorldOTC.com come from Vietnam. The Spanish make up 31%, whereas the Peruvians make up 6%.
Never join or provide any money to a multi-level marketing firm that isn’t completely transparent about who owns or runs the business.
Products Available from WorldOTC
WorldCat does not provide any goods or services for sale.
Partners can only promote WorldOTC affiliate membership.
Pay Structure at WorldOTC
Affiliates of WorldOTC can trade tether for USD using a mobile app (USDT).
This is done in anticipation of the promised profits:
If you put in $10, you’ll get 4 cents every 3 hours; if you put in $20, you’ll get 8 cents; if you put in $30, you’ll get 12 cents; if you put in $40, you’ll get 16 cents; if you put in $50, you’ll get 20 cents; if you put in $60, you’ll get 24 cents; if you put in $70, you’ll get 28 cents; if you put in
You can earn 36 cents every three hours on a $90 investment, 40 cents on a $100 investment, $2 on a $500 investment, $4 on a $1000 investment, $20 on a $5000 investment, $100 on a $10,000 investment, and $400 on a $100,000 investment.
WorldOTC’s purported returns appear to have no upper bound. Every time you make a withdrawal, a 3% fee will be deducted from your balance.
In exchange for introducing new investors, WorldOTC offers a three-tiered referral commission structure on USDT investments:
10% for level 2, 5% for level 3, and 15% for level 1 (affiliates directly recruited by the owner).
10 percent at level 2; 5 percent at level 3
Finally, the recruiting affiliate will get $10 USDT for every ten investing affiliates they bring in.
The process of becoming a WorldOTC affiliate member is completely free.
You may make use of the associated income possibility fully by investing $10 to $100,000 in USDT.
Results of the World OTC
Another app-based task Ponzi fraud, this one from alleged Chinese scammers, is WorldOTC.
A “trading business” run by “a team of seasoned experts (with) a big liquidity pool” is WorldOTC’s Ponzi scheme.
Trades may be generated by just “clicking a button” on WorldOTC. Affiliates of WorldOTC must use the app and press a button every three hours on each current investment to earn the maximum daily ROI.
Ponzi artists get circumvent this by offering programs to automate trading on WorldOTC.
No transactions occur whether the clicking is automated or done by hand. WorldCat is only using the money that was invested to pay out dividends.
The “click a button” app Ponzi scheme known as WorldOTC emerged in late 2021.
So far, BehindMLM has documented 31 “click a button” app Ponzi schemes, including WorldOTC. Most of them only stand for a couple of weeks to a few months before giving way.
The “click a button” app Ponzi epidemic is thought to have been started by the same gang of Chinese scammers.