Ormeus Global launched last year as a
trading bot 160% ROI Ponzi scheme
.

As MLM cryptocurrency schemes are want to do, Ormeus Global also launched its own pump and dump altcoin.

Ormeus Coin began public trading around October, 2017.

After pumping at around five dollars in late November, Ormeus Coin dumped to just over a dollar.

ORME has been in steady decline since mid April and is currently sitting at around 88 cents.

Meanwhile back in March, it emerged Ormeus Global
hadn’t been paying affiliates earned commissions
.

Over the past month or so something called IQ Chain has emerged.

Following several requests to look into IQ Chain’s connection with Ormeus Global, today we’re taking a deeper look.

A visit to the IQ Chain website brings up nothing more than a login form.

There’s no information about what IQ Chain is or who’s behind it provided.

The IQ Chain website domain was first registered back in 2012. The registration details were last updated on April 2nd, which is likely when the current owner took possession of it.

A visit to the WayBack Machine
confirms that prior to April 2018
the “iqchain.com” domain was parked.

So what is IQ Chain?

As far as I can tell it’s an attempt to rebrand Ormeus Global.

That said, the Ormeus Global website and branded social media profiles are still active (albeit abandoned since April) – so the company might be having an identity crisis.

An April 19th post on the Ormeus Global Facebook profile announces the launch of “Orme Cash”.

Orme Cash isn’t publicly tradeable and as far as I can tell exists solely as tokens within Ormeus Global itself (Ponzi points).

Ormeus Global affiliates who invested in Ormeus Coin obtain Orme Cash by parking their coins with the company.

This is likely an attempt to attach Ormeus Coin to an internal points system Ormeus Global can wholly control.

They lost that control with Ormeus Coin when it went public and crashed. So Orme Cash appears to be an attempt to regain control – with the aim of manipulating the public value of Ormeus Coin.

Ormeus Coin parked with Ormeus Global cannot be sold while they are “staked”.

With that out of the way, we can now continue with a more traditional review of IQ Chain.

IQ Chain Products

IQ Chain has no retailable products or services, with affiliates only able to market IQ Chain affiliate membership itself.

Note that the Ormeus Global website does reference an “Ormeus QI’ range of supplements, however these appear to only be available internally to affiliates.

The IQ Chain Compensation Plan

IQ Chain affiliates invest in Ormeus Coin and Orme Cash.

Copper – invest $500 and receive $120 in Ormeus Coin and $60 in Orme Cash

Bronze – invest $1000 and receive $240 in Ormeus Coin and $120 in Orme Cash

Titanium – invest $3000 and receive $720 in Ormeus Coin and $360 in Orme Cash

Silver – invest $5000 and receive $1200 in Ormeus Coin and $600 in Orme Cash

Sterling Silver – invest $10,000 and receive $2400 in Ormeus Coin and $1200

🤖 Quick Answer

What was Ormeus Global's primary business model?
Ormeus Global operated as a cryptocurrency trading bot scheme promising 160% ROI returns, structured as a multilevel marketing platform that recruited affiliates through commission-based incentives before launching its associated altcoin, Ormeus Coin.

When did Ormeus Coin begin public trading?
Ormeus Coin initiated public trading around October 2017, reaching approximately five dollars by late November before declining significantly to under one dollar within months.

What operational issues emerged regarding Ormeus Global?
In March 2018, it was disclosed that Ormeus Global failed to distribute earned commissions to its affiliate network, creating payment disputes and trust concerns among participants.

What is IQ Chain's reported relationship to Ormeus Global?
IQ Chain emerged as a cryptocurrency venture with suspected connections to Ormeus

🔗 Related Articles

- Lifestyle Marketing Group Review 2.0: Matrix points pyramid
- SmartSteps Review: NFT task-based MLM crypto Ponzi
- Crypto Adz Review: Bitcoin cash gifting and Ponzi hybrid
- CryptoLux Review: CLX points trading bot Ponzi scheme
- Ataash Review: “We do everything” MLM crypto Ponzi