Minutes from chat with MIBDialogue with MIB for TAKAMI/MAQ CCT (17 October, 2023)
His Personal Experience with TriumphFXHe was employed by the company (Triumph Int. Limited.) from 2015 – 2018 in
Hong Kong unl the company moved its office to Cyprus.
In 2020 he and a few others started the Takami Fund and was again with
TriumphFX more recently launching the MAQ fund in April 2023.
His involvement with the company has been very extensive, both in the trading
and technology aspect of Forex trading. He maintains direct contact with
TriumphFX.
His opinion regarding the TFX EcosystemHe acknowledges that the company has faced a lot of challenges switching to
the new system, and, as we know, then there was a massive withdrawal
problem. TriumphFX has put a lot of effort into improving the system and will
connue to do so, as they are in this for the long term. We, ourselves as
investors, must look at the enre TFX Ecosystem to understand what is being
done, as one thing is linked to another (currently only one component, the CCT
Fund Management System, has been launched). All this will take me and effort
to see it through for a beer future in TFX and investors will need paence in
going along this journey. There are other iniaves in the pipeline other that
those menoned in the TFX Ecosystem.
Under the TFX Ecosystem and TEX 3TEX 3.0, the improved system will be introduced soon and an announcement
will be made once it’s ready.
In the TEX 3 system, other coin lisngs will be introduced in TEX 3 and this will
allow other coin users to access the TFX coin and CCT. This will include spot
trading and margin trading, which will be open to external traders/users to
come into the Triumph Exchange. This will provide an opportunity to introduce
CCT/TFX coins to them and other users. This is another way of increasing the
demand for TFX coins at some point in me to improve the price of TFX coins. A
lot of background work is being done to boost the TFX coin demand.
Please also take note that the operang system will be upgraded from me to
me and this is only natural for connuous improvement.
Any soluon for the company to resolve the LP Issues?Yes, this has been an ongoing process by the company to resolve this issue with
the LP and banks.
The company has provided proof as to the ownership of the
funds and these are not “dirty money”. We are at the tail-end of our discussion
with them, and they do not see any reason to withhold the money any longer.
Once this is confirmed, there will be part of the released fund which can be used
to help boost up the price of TFX. As to how high and the meline, I am afraid I
don’t have the answer but please be paent and, as menoned, the company is
working very diligently to resolve these issues soonest.
Will the withdrawal of our investment be reverng to USD once the LP issue is
resolved?Moving forward, all withdrawals will be through USDT. If we revert to the
previous system, we may experience the same issue of our Remiance Service
Provider stretching their daily limit and causing a backlog again. This is also to
avoid triggering the bank enquiries.
There will be issues using USDT to transfer the funds back to the investors; the
company is working together with Tether to suitably address them. Hence, do
not worry that you will not receive your funds.
Will TriumphFX have its own blockchain in the future?Yes, but it will not happen soon as a lot of planning and integraon needs to be
done but it’s part of the ongoing process to improve the system.
Why is Coin Selement so difficult to be allocated the coins?
The company did menon that there are “robot bugs” planted into the system
to snatch the coins and this is done by syndicate groups. We have heard that
investors have been offered services by these people who would take a
percentage of their USDT when they are successful in the coin selement.
TriumphFX is working to idenfy the bugs and remove these “snatchers” from
the system. When you remove one, they will plant another, so this is a
connuous effort by the company to solve this problem and put the blocks in
place for these “Bugs”.
Regarding the recent drop in MAQ coin pricing and the coins sell-off, are you
worried the coin price will drop further?No, because you must understand how the CCT works. It’s always good to have
organic growth. We can look at it this way.
The reason for the recent high sell-off is by investors taking out their profits for
the me being, so it’s how the market works. As the MAQ fund is the first fund
to be introduced and a lot of the investors have been receiving quite a lot of
their profits. It is also advisable to encourage investors to take out their profits
to reduce their risk, as well as to enjoy the fruits of their investment.
As we know, there is a “protecon protocol” in place, meaning that when the
price of the CCT goes up, the conversion rate for the CCT will also follow and this
will result in less coins being minted and distributed.
When the Coin price is highThe increase in coin prices means that when your profit is distributed to you,
due to the conversion rate you will receive less coins, but the value is higher
when you sell, thus you are making more money. However, with coin price going
so high, it may deter investors from coming into the investment, as they may
feel that it’s too expensive to invest.
When the Coin price is lowThe drop in CCT coin prices means that when your profit is distributed to you,
due to the lower conversion rate you will get more coins, and when you sell at
the lower conversion rate, you have not lost money. With the lower coin prices,
this may aract more investors as it is now affordable to invest.
For the investment to grow organically, the investors must have a good
understanding of the CCT system. They must have confidence in the CCT system
and the company, and it comes down to investors’ senments. Currently there
are many investors chasing profits and coin prices. When they see the coin price
of the other CCT funds being higher, they want to invest in them and detached
their funds. This is common, but I am not worried about it as we know what we
are doing and how to stabilize the coin pricing. We will have to go back to what I
menoned about the high and low coin price.
From what we know, there are investors who have
gone to other plaorms but
eventually return to invest in the CCT funds.
Will there be new CCT coins being introduced?Not for the moment as there are now 7 funds available. New CCT funds may be
available from 2024 onwards but we don’t know when; we will have to wait for
the announcement.
Will there be any increase in the AUM of MAQ or is there a target when the
funds will not accept any more aachments?The original AUM was supposed to be USD 50million. Aer discussing with the
company and looking at the investors’ records, it is not necessary. Currently the
total investment fund is 20 million of which about 1% - 2% of the investors that
bought up the coins did not aach to the fund. This is only around 2% of the
investment fund.
For each CCT managed fund, the Fund Manager has their own strategy as to
how much they would like to set up their fund aer discussing with the
company. On the details, I am not able to answer you.
Will the USDT1.00 wall be breached, and the coin pricing drop below USDT1.00
For MAQ, the wall is worth around USDT 56 million and the total fund coins is
less than that. In other words, should all the investors detach their funds or if
everyone holding the MAQ coins want to sell, there will be more than enough to
redeem all at USDT1.00. Hence there is nothing to worry about because the
money is already there to support it.
Will the company keep increasing the support wall amount or will they at one
point decide to stop increasing or reduce the amount placed there?
Yes, the support wall will keep increasing as this was discussed and agreed upon
in our inial set-up plan.
There are concerns that the USDT1.00 wall is only temporary, and the company
can remove it anyme.
The company and the fund management system are in for the long term. A lot of
money, energy, me and effort are being put into seeing this system through.
The company is working very diligently towards improving the enre system and
I don’t see the company wanng to waste all this effort. We need to be paent.
Recently the coins that are minted every Monday have not been fully sold by
the FM. What is being done with the minted coins, and will the coin price keep
dropping because the supply is more than the demand?
Firstly, should the coin price in the market (TEX) be lower than the conversion
rate during the Monday sale of the CCT coins, the FM will keep/hold the newly
minted coins and not release them out to the market. The FM will connue to
monitor the market rate and once it has gone back up to the minted rate, only
then the FM will release the newly minted coins.
All the CCT fund managers have agreed that they will not have “cheap sale” of
their newly minted coins.
What the FM can do:1. The FM can keep the minted coins for the me being as there is more
supply than demand. The FM will let the coin price in the market correct
itself between supply and demand before deciding at what point the
minted coins held by the FM will be released.
2. The FM can redeem the minted coins from the broker through the LP and
at a point of me “burn” the excess coins. This is to avoid an over-supply of
coins and keep the price level healthy.
3. We must understand that even though the FM manager does not sell their
minted coins in the market but redeem them from the LP/Broker at
USDT1.00 and not at the minted rate, they have not lost money. They just
don’t earn the premium.
Take note that we are constantly monitoring the situaon to ensure that the
investment climate stays healthy overall.
What is your pricing strategy for MAQ for now? Will the burning of the coins
now boost the price of the MAQ coins above USDT1.10?Please bear in mind that the burning of the coins will not boost the coin price
immediately. The decision to burn the coins is to avoid an over-supply of MAQ
coins as those that are already listed in the TEX will be able to meet the
demand. With the price maintained around USDT 1.10, it will make the MAQ
investment affordable to new investors and thereby increase the demand of
MAQ coins. The coin price will be driven up organically by the market itself. This
would be a more sustainable strategy.
Is there an opmum price for MAQ to be maintained?Personally, I don’t think MAQ price will go up to USDT 2-3 in the short term. This
could happen in the long term as market and investors’ senments play a big
part in determining the price trend.
In terms of crypto, it is not easy to measure in dollars and cents, our strength is
based on the performance of the Fund Manager (on a weekly basis) and
investors do withdraw their profits. This is not like stocks and shares where
there is asset value (i.e., business valuaon).
Mostly the coin price will be solely dependent on the consistent delivery of
profits to investors and the confidence the investors have in the fund manager
as well as market senment towards the fund performance.
As for the MAQ Fund Manager’s performance so far, it has been showing
consistency in their returns and I am happy with it.
Are the various CCT MIBs/FM working with each other to maintain a healthy
trading environment?Yes, we are also in compeon with fellow CCT Fund Managers for clients. This
healthy compeon is expected. When new funds are introduced to the system,
they will affect the other funds in some way. So, as menoned earlier, the
company will not be looking to introduce new funds for the moment.
Overall company plans
The company’s ulmate goals are to making the Triumph Exchange (TEX) a
successful plaorm incorporang Crypto and Block Chain Technology. All this will
take me and lots of effort and resources in terms of funding, manpower and
investors’ confidence towards the company. The way I look at it, the company is
doing a lot to bring about overall improvements, and so for investors, you will
have to give them me. The enre system will be self-serving, making it efficient
in terms of security, deposit and withdrawal with less hassle in doing transfer
from TEX to other external exchanges (i.e., Binance, Houbi, etc).
Do you for see yourself working on other CCT funds in the future?As far as I am concern, this will not happen for the me being. As I menoned
earlier, any new CCT coins being introduced will affect the pricing of the exisng
CCT funds.
The Cyprus Challenge – What is the current update on this?This is sll under discussion and a final decision on whether to organize an
alternave trip or compensate qualifiers with cash has not yet been reached.
The qualifiers will have to wait for the announcement by the company someme
in January 2024.
In your opinion, without the introducon of CCT, will TFX coin survive?No, because the TFX coin minng supply will keep increasing.
Security and Data ProteconCurrently all client informaon in the Trader’s Room is kept on the TriumphFX
company server. As for the TEX, the informaon is kept with a 3rd party off-site
who is handling the TEX system. The agreement on seng up the TEX is that the
3rd party system provider will not use the informaon in whatever form or leak
out personal informaon.
TAKAMI FUNDCurrently the Takami fund has not been traded. How long will this connue
and what are the future plans?
For Takami fund, we have opened a trade this month (October) but have not
closed it yet as we are sll in profit. However, the profit is not expected to be too
high. The trade is expected to be closed in October 2023.
If you are asking as to whether Takami Returns will be back to as per normal, it
would only happen when the TFX coins price is at USDT 0.10. As to when will the
coin price reach that pricing? I am not able to answer you. However, we have
been in discussion with the company, and they have given us the assurance that
the company will help to boost the TFX price.
The Takami Fund will connue to be traded on a smaller scale for the me being
unl the TFX coin is at USDT 0.10. Once it reaches this level, then we will revert
to the normal trading volume. As for the other FMs, whether they will follow
Takami or not, investors will have to wait for their announcement.
When can Takami Fund be detached?This can be done (aer) every month end. For the month of Oct, the
detachment period is 6-8 November.
Can the MIB/FM make an announcement on their plans moving forward?
Yes, we have this plan of making a formal announcement and intend to make a
video on this. Currently we are very busy and have not got to sit down to discuss
how the video announcement should be done. We will do it as soon as possible.
Will there be instrucons to stop trading of the legacy fund?The purpose of the drop in percentage profit distribuon, as we know, is to
reduce the minng of the TFX coins. If we connue to give the previous
percentage, this will keep increasing the supply of TFX coins and it will be very
difficult to boost up the price of TFX coins (with Supply exceeding Demand).
Has the Rajesh Fund been seled?Yes, a large poron of the Fund has been returned to the investors, but the
mainland China banking system is quite a challenge in terms of doing fund
transfer. Plans are being made to try to assist the investors in receiving their
funds. Once this is seled you can also expect the TFXC coin price to recover.
There are a lot of Brokers in the market. What’s the difference between
TriumphFX and other brokers?The difference is the cost of trading incurred by the FM. Other brokers have
quite a high cost of trading and this leaves the FM a smaller margin and higher
risk. That’s why some fund managers don’t make profit or make less margin.
If we are to go to other brokers, we probably with not be able to produce our
current profits. Working with TriumphFX allows us to manage our risk beer.
What about the Licensing Issues?As far as the license is concerned, the company is sll using the Forex License.
There may be a challenge once they switch to a crypto license as this may
involve investors filling up the KYC and may discourage a lot of investors. If we
are using the handphone to access the TEX, we may need a license before we
are allowed to upload the App to our handphone. There are lots of technical
issues to be ironed out. At this moment they are looking into the issue and in
the meanme, documents have been submied to US but this is sll under
advice as to whether it is necessary or are there other alternaves to directly
holding a license.
Overall Summary concerning TFX coins from MIBThe company is not giving up and has shown resilience in the challenges faced
during this trying me. Making changes is never easy, especially when client
confidence has been eroded. The company is consistently making improvements
to the system and plans have been iniated and are under way to improve on
the TFX pricing.
The enre TFX Ecosystem is to drive demand for TFX coin and make TFX coin a
good “ulity coin”. We need to be paent and give the company me. The price
of the TFX coins did go up but, because of lack of support on the price, it came
back down. The enre TFX Ecosystem will be open to the public and not be
confined to exisng investors only. With more people using the enre
ecosystem, this will translate into more fees collected for the company to
enhance the system further. This will also bring about awareness of the TFX
coins and CCT managed funds to the public, and help increase the demand for
TFX coins thus driving up its price.
I know for a fact that a lot of groundwork has been put into place behind the
scenes and we will probably see the improvements soon. I understand that
everyone is very anxious and has waited a long me. Have a bit more paence
and we will see the fruits of their labor. Since the launch of the TFX ll today it
has been some 10 months, and, aer all, “Rome was not bult in a day”.
Please bear in mind that we are in constant discussion with the company on the
development of the enre TFX Ecosystem. All the MIB/FM and broker are
working together to ensure a beer future for all investors with TriumphFX
» Click to show Spoiler - click again to hide... «
overall summarytex 3.0 coming soon
banks think they hold dirty money
this circulation document shit comes from where?
12 bil usd company use telegram pass info here and there?
you still believe their bs?
» Click to show Spoiler - click again to hide... «
interviewer should ask these questions instead
1. How much money have you gotten from all your victim hamsters in the form of commission?
2. Who is the boss and top-level directors and execs in the company? Names, photos, IC no.
3. Who is your fund manager? Names, photos, IC no.
4. What is the account no of TriumphFX which you bank in?
5. Who are the signers for those bank accounts.
6. Do you agree TFX token should be pegged to 1:1 like how USDT and USDC is? And not blame on investors?
7. Do investors have all rights to cash out their profit or investment without being labelled one?
8. Your "educated" brain tells you any investment which can gives you 6% every week is legit?
Please don't make laugh keep saying regulated by Seychelles and Cyprus. All these pirate islands are where dodgy business goes to. Do you even understand the credibility difference between these rubbish Island? You should only invest in a Tier 1 regulated Broker by SEC, FCA etc.
9. Did they ever seek your consent before converting real money to fake crypto coins?
10. Where is their audited statement?
11. A $12b company which have problem withdrawing 10 mil??? Who are you trying to kid????
12. Can you even point to one single person representing TriumpFX?
13. Do you know a TriumphFX leader/IB whatever arrested in Singapore few years back?
14. If you are taking money from downlines for non-Malaysia sanctioned investment into your own account from downline....do you know this is a crime?
15. Are you really that stupid? I don't think so. I think you have agenda.
16. I give you US$1000 to "invest" in TFXI right now, where does this money go after that? Who do you forward money too? Who is your upline?
17. (Cycle ends, time to share profits) If I withdraw profits and you are my upline, who gives you the money to "share" profits?
18. Why does deposit last time goes to random company names such as ‘Kedai Moto Ah Meng’?
19. Why hasn’t TFXI have townhall face to face session with all hamsters?
20. Why doesn’t leaders like Ivan, CunCun, and Kelmen have face to face meet ups with hamsters?
21. What are the Linkedin profiles for Ivan, CunCun, and Kelmen? Please provide links.
22. Why Forex trading companies or any companies have withdrawal problem? Can you give me some examples?
23. Why does an establish TFXI company coin price drops from 1 usd to 1.5 cent?
24. You really think in a few years’ time, your kids will be making 600k/ month passive income?
25. How much money have you lost?
26. Are you investing more funds into this magnificent, A grade forex company?
27. How did the FM suddenly report lower than usual performance profit?
28. If this is crypto based, why does it need human to manually approve and transfer fund?
29. Why can’t we see the 12 bil usd wallet addresses?
30. They used to say wallet addresses are hackable if revealed. Do you believe that?
31. How many hamsters have you lured them into this scam?