Welcome to my Cloud Token Review. Cloud Token bills itself as a platform for digital assets, whatever the heck that means. They also claim to bridge the gap between Fiat and crypto by allowing Visa payments. In reality they just have a merchant account to process credit cards, which is hardly revolutionary. After about 3 seconds of reading the rather “amazing” whitepaper, I started to get the uneasy feeling that it was a sales pitch. This is rarely a good sign when it comes to crypto MLM programs.
I started to get the feeling that Cloud Token was another crypto ponzi scam, but I needed to be sure. I decided to dig into the whitepaper to see if I could see any discrepancies and tell tale signs of a scam. Also I wanted to see how they claim to be generating ROI returns. More than likely they were just reshuffling investor funds and paying them back as returns. Obviously this is illegal and unsustainable.
Sure enough, that is exactly what I discovered.
With Cloud token, you fund your wallet with a minimum of $500USD worth of Cloud Token. Cloud Token then claim to have an amazing arbitrage trading bot (seriously?…another fake arbitrage bot). The profit made by this bot is paid back to investors at a rate of 120% per annum paid monthly.
Some of you are not going to like this, but here it is:
Cloud Token Are Doing FAKE Trading
It is just impossible to consistently generate high returns in crypto. It is also impossible to avoid losses. Cloud Token can not pay the ROI that they offer and they know this.
The Solution is to do Fake Trading and Instead Reshuffle Investor Funds
So its going to be a quick cash grab that ends in another painful exit scam.
So that’s how the ROI will be generated. The next thing I looked at was the “Team” listed in the whitepaper. Firstly, I wanted to know if they are real people, what qualifications do they have and what projects have they contributed to in the past.
But First…..The Hilarious Whitepaper Fiasco!
So Cloud Token released their whitepaper and it was an even bigger turd than I expected. As usual its full of fake profiles and utter bullshit. Now usually these fake whitepapers last for months before they get outed as being full of lies. Unfortunately for Cloud Token, their ridiculous excuse for a white paper was destroyed in hours.
The Story Of Bryan.
Imagine seeing your stolen photo being used in a crypto scam white paper! Well that is exactly what happened to an unwitting chap called Bryan (surname redacted for privacy).
His friends saw his smiling face in the whitepaper and started sending him messenges on Facebook:
“hey Bryan are you behind the Cloud Token Ponzi???”
Naturally he said WTF and demanded that the cretins at Cloud Token stop using his photograph to push their scam.
On hearing this, the author of the whitepaper Simon Tran had a well deserved panic attack. Once was able to get out of the fetal position and compose himself, he did the only thing he could and announce a “new” whitepaper. Naturally he claimed the whitepaper that he emailed out was not the official one. LOLZ!
I even have the chat that ensued between Simon Tran and affiliate Matthew Suen;
Whilst Simon Tran frantically searches google images for new stolen photographs to use in the “official” whitepaper, let’s take a moment to enjoy his first attempt.
Daniel Csokas Does Not Exist Nor Does ANYONE On The TEAM
Nor does the rest of the team for that matter. “Daniel” claims to have graduated from Oxford University. Oxford University makes the names and qualifications of all graduates available as a public record. Guess What….there is no record of a Daniel Csokas having graduated from Oxford. That is because Daniel Csokas is a fake name.
There are many claims made in the whitepaper, they are all suspiciously vague. For example Daniel Csokas “began to give a speech at the 2013 blockchain conference. “Began to”, what does that even mean, did he or didn’t he. Which conference, San Jose, California??? Naturally there is no record of Daniel Csokas speaking at a 2013 blockchain conference, nor any conference for that matter.
It’s not looking too good is it? Before I continue, if you are sick of scams like this and want to check out a legit program that has been paying weekly for over 8 years….go here!
Cloud Token Review – Summary
Key Figures: Simon Tran.
Product Type: Crypto Ponzi MLM.
Summary: To earn you must invest is a minimum of $500 USD worth of Cloud Token. Out of thin air (*cough, arbitrage trading) you will be paid 10% to 15% per month in Cloud Token.
Affiliates commissions for referring investors into the Cloud Token scam.
Just like Wotoken and Plus Coin, Cloud Token has the 3 worst characteristics of a Crypto MLM program
- Ponzi Scam
- Unlicensed Securities Offering
- Crypto or Forex MLM
This is a stinker.
Verdict: Textbook crypto ponzi scam, but you don’t even get paid in bitcoin. Cloud Token by my projections will be worthless in a few months it will collapse shortly after.
What Is Cloud Token?
Cloud Token is a ponzi that forces people to hold it’s worthless coin. For a while this should artificially inflate the Cloud Token price. Of course there is no actual real world use for this token other than to prop up a ponzi scam for a few months.
To you get paid your returns you must keep at least $500 worth Cloud Token in your wallet at all times. Naturally this will be used to pay “returns” to other investors extend the inevitable collapse date of the scheme.
Cloud Token is useless and cannot be traded on external exchanges. Do you really want to exchange BTC for this joke of a coin?
Whilst, I am pretty happy with the income from my top way to make money online. I am still going to do a thorough examination of Cloud Token.
Let’s take a look at how this shit show is going to operate.
- 10% to 15% on your total investment is paid in Cloud Token Monthly. You must maintain a min $500 worth of the token at all times.
Receive 100% ROI matching bonus on all direct signups
Receive 50% ROI matching bonus on all indirect signups
Uni Level Bonus
For every 3rd direct to 10th direct you can paid on an extra level.
- For 3 direct signups you get paid an extra 5% on level 3 signups
- For 4 direct signups you get paid an extra 5% on level 4 signups
- For 5 direct signups you get paid an extra 5% on level 5 signups
- For 6 direct signups you get paid an extra 5% on level 6 signups
- For 7 direct signups you get paid an extra 5% on level 7 signups
- For 8 direct signups you get paid an extra 5% on level 8 signups
- For 9 direct signups you get paid an extra 5% on level 9 signups
- For 10 direct signups you get paid an extra 5% on level 10 signups
Once you have 16 directs on your first level you get paid 5% on an extra 11 levels.
Cloud Token also have ranks. Once you have your signups achieving ranks, you get paid bonus amounts.
C1 – Achieve $200K business volume and get an extra 5%
C2 – 3 C1s on 3 seperate legs get an extra 5% until you get cut out by a C2 in downline.
C3 – 3 C2s on 3 seperate legs get an extra 5% until you get cut out by a C3 in downline.
C4 – 3 C3s on 3 seperate legs get an extra 5% until you get cut out by a C4 in downline.
C5 – 3 C4s on 3 seperate legs get an extra 5% in revenue share.
What I Like About Cloud Token
You Can Earn Crypto
If you can convert your ROI to bitcoin then you are doing it right. You should be able to do this until they start restricting withdrawals. You are on borrowed time with ponzis so you really have to time your exit….or you could just not participate in ponzis at all. That is up to you.
What I dislike about Cloud Token
It’s A Ponzi Scam Run By Plus Token and Wotoken Scammers
I am sure that a lot of you can see this is a scam. Some of the believers will no doubt send me hate mail, some will try to sue me…..the fact remains that a lot of people are going to lose there life savings with this. That pisses me off.
It’s An Unlicensed Securities Offering
Not only is it an outright scam but it’s an unlicensed security offering. A scam can never be licensed. This just means that if Cloud Token survives long enough to be noticed by the SEC, it will get a cease and desist. That will be like a pin prick to a balloon. If the SEC ignores it it will collapse anyway, but it may last a few months longer than otherwise.
The Real Deal With Cloud Token
Whilst I got some good laughs when reviewing the whitepaper, it really is no laughing matter. Innocent people trusting people are getting fleeced, whilst the crafty dogs at the top will run off with millions. Gross.
Stay Away, warn your friends!, I give it a F.
The Prelaunch Inspector
How I Make A Living
I have developed a strategy using a legitimate affiliate program that allows me to hangout at home with the kids all day.