Did someone introduce Cloud Token to you?
You might have heard of the opportunity to invest in this digital currency.
And that it’s possible to become wealthy by participating in its compensation plan.
However, you might have also heard of its dark side.
Hearing rumors that it’s a Ponzi or pyramid scheme.
As much as you want to finally jump on the opportunity, something’s stopping you from pulling the trigger.
After all, the Internet is filled with monsters who’ll try to prey on your money by creating scammy products or programs.
But they won’t make it obvious to you because they’re masters at distorting the truth.
I know because I also fell for these shiny objects!
With that said, does Cloud Token belong to the scam category,
Or does it provide you with a means to become financially free?
Keep reading this Cloud Token review so you’ll know what to expect before participating.
Name: Cloud Token
Founders: Simon Tran, Sheng Zhao, Ronald Aai, and more
Price: $500 or More (To Participate In Compensation Plan)
Verdict: Not Recommended
What’s The Buzz Around Cloud Token?
If I can summarize in one word what Cloud Token is about, that would be ‘investment’.
In short, Cloud Token (or CTO) is an opportunity to multiply your money by tapping into the power of cryptocurrencies.
Cryptocurrencies, like Bitcoin and Ethereum, are digital currencies that you can use to buy stuff (like you would with dollars).
And like leather wallets where you store your pocket money, cryptocurrencies can also be placed in a ‘crypto wallet’.
Cloud Token also has its own ‘decentralized’ digital wallet that is integrated with the blockchain 4.0 technology.
In fact, you can download the wallet app right now on either Google Play or App Store.
What sets Cloud Token’s wallet apart from other wallets, is that you can get rewarded daily just by placing your cryptos inside the wallet.
There’s no need to do anything because the platform comes with a ‘trading bot’ that will automatically produce profits for you. The profits you’ll get come in the form of Cloud Tokens (CTO).
To better understand the entire process, here’s the explainer video of Cloud Token:
You might have noticed some aspects that I haven’t tackled yet (like the creators or the compensation plan). But don’t worry coz’ I’m gonna’ run through them in this review.
Who Are The People Behind Cloud Token?
Unfortunately, the explainer video above didn’t reveal the names of the founders. And if you try to search CTO’s website, you’ll never acquire any information at all.
But from my research, I discovered that some of the men behind Cloud Token are Simon Tran, Sheng Zhao, and Ronald Aai.
Simon Tran is the guy who brought Cloud Token to North America. He’s from Toronto, Canada.
And before he got into cryptocurrencies, he was already participating in another MLM called Enagic, which sells Kangen water ionization machines.
The other notable person behind Cloud Token is Sheng Zhao, a strategic investor.
An interesting history of the two is that they were previously involved in another cryptocurrency called Plus Token, which was said to be the 3rd largest Ponzi scheme in history.
In fact, Plus Token was promoted to attendees of a World Blockchain Forum (or WBF).
Which makes me wonder why WBF would allow such a thing!
Another important part of the team is Ronald Aai, the Chief Technical Officer (CTO) of Cloud Token.
Ronald is based out of Singapore and has been involved in multiple crypto projects, such as Kurecoin and Infinitus Token.
Now, according to the old whitepaper (which is gone now), the names of the other team members behind Cloud Token are the following:
- Daniel Csokas
- Fasial King
- Enrique Santos
- Leonard Nevin
But according to Julian Leahy’s blog post, these names were all ‘made up’ and their profile photos were stolen from Google search!
So it would appear that Simon, Sheng, and Ronald are the only guys with real credentials.
What Are The Benefits of Using Cloud Token?
Skepticism aside, let’s look first at how you can benefit by using Cloud Token.
One, its crypto wallet allows you to store and manage at least 7 cryptocurrencies (BTC, ETH, LTC, BCH, TUSD, USDT, DOGE).
The wallet is ‘decentralized’, meaning you won’t have to worry about authorities playing with your cash.
It’s also free, so no need to worry about recurring membership costs within the app.
Two, your stored cryptos have the potential to earn ‘daily rewards’ in the form of Cloud Tokens (or CTO) and can earn you around 6% to 12% monthly on your investment.
It does that thanks to an AI trading bot called JARVIS, which buys and sells cryptocurrencies in more than 38 exchanges.
JARVIS, as well as the other bots Cloud Token will release in the future, operate on the VAROOM strategy (Velocity & Acceleration Realistically Operating On Money), which relies more on real signals rather than trading history.
Three, when you invest $500 or more into Cloud Token, you’ll have the opportunity to participate in its compensation plan.
This gives you the chance to multiply your earnings by referring members underneath you and getting them to invest on cryptocurrencies as well.
How Does Cloud Token’s Compensation Plan Work?
The second half of the explainer video briefly talked about Cloud Token’s compensation plan.
But in order to participate in it, you must first place a minimum of $500 into the wallet (and should never go below that amount!)
Once inside, you’ll instantly qualify for multiple income streams like what an MLM does.
Cloud Token works on a unilevel compensation structure, which places you on top of a unilevel team with all your downlines going right beneath you (at Level 1).
Whenever your downlines personally sponsor new downlines, it goes below them at Level 1, but it translates to your Level 2. Then when your Level 2 downlines sponsor new downlines, they go to your Level 3, and on and on.
CTO is a pretty deep MLM with 21 levels, which means you can make money even from downlines you didn’t recruit.
But to unlock all 21 levels, here are the requirements to meet:
- Level 1 – recruit one affiliate investor
- Level 2 – recruit two affiliate investors
- Level 3 – recruit three affiliate investors
- Level 4 – recruit four affiliate investors
- Level 5 – recruit five affiliate investors
- Level 6 – recruit six affiliate investors
- Level 7 – recruit seven affiliate investors
- Level 8 – recruit eight affiliate investors
- Level 9 – recruit nine affiliate investors
- Level 10 – recruit ten affiliate investors
- Levels 11 to 21 – unlock them all at once by recruiting sixteen affiliate investors
The Referral Commissions you can earn from these levels go as follows:
- Level 1 – 100% of ROI paid in CTO
- Level 2 – 50% of ROI paid in CTO
- Levels 3 to 21 – 5% of ROI paid in CTO
Besides the payouts you’ll be earning in these levels, there also exists the Rank Commission Bonus. It is given to affiliates whose entire unilevel team generate $200,000 in investment volume.
The reward would be an additional 5% to the Referral Commissions you’ll get from Level 3 down to Level 21. This also qualifies the affiliate as a C1.
Which leads me to the next incentive, the Generation Bonus.
To qualify for more 5% Referral Commission gains, you can climb the generation ranks of up to C4, giving you a total bonus of +20% in commissions.
However, here are the qualification requirements you must meet to rank up:
- C1 to C2 – generate three C1 affiliates from separate unilevel legs
- C2 to C3 – generate three C2 affiliates from separate unilevel legs
- C3 to C4 – generate three C3 affiliates from separate unilevel legs
By the way, your generational bonuses don’t extend down to infinity, coz’ it terminates on the next C1 to C4 downline in your unilevel team (if your rank is the same or lower than them).
The highest rank you can attain in Cloud Token is C5, which requires you to generate three C4 affiliates in separate unilevel team legs.
In this rank, you’ll receive a 5% revenue share on the company-wide investment volume.
Verdict: Despite The Potential, I’d Still Skip It (And Here’s Why)
Cloud Token does look exciting.
But unfortunately, I CAN’T RECOMMEND it at all.
It might help make money for some (especially those at the top), but fact remains that most will fall prey for this scheme.
Most will lose their money and not get it back.
You know why?
I. Not Upfront With Its Founders (Even FAKE)
I had to put in the effort to research the people behind Cloud Token.
That’s because they won’t provide it in the website nor in their latest whitepaper.
Simon Tran has been playing with his whitepaper because its flaws (like the pen names and stolen photos) were too easy to spot.
This forced him to update the document at least twice in order to correct his mistakes. He then made an excuse by saying that the first document was unofficial!
In the end, he completely removed the section about Cloud Token’s founders so no one would find it suspicious.
However, if I’ll be honest with you, this alone should already be a strong indicator that we should run away from the scheme as far as we can!
II. Cloud Token Has “No Use” At All
When I discussed to you the main benefits of Cloud Token, there’s been one common trend in all of them.
That is, they’re focused on earning you money.
Now, let me ask you a question.
What other things can Cloud Token do besides making you money?
Like for Dogecoin for example, it can be used for ‘tipping’ Internet-goers who create or share great content.
Dash, on the other hand, offers more privacy and much faster transactions.
Does Cloud Token have anything else special to offer?
Let me guess, there’s NONE.
And that’s another red flag you should consider when investing into cryptocurrencies.
III. Cloud Token Is a Pyramid Scheme
A pyramid scheme is one where an entity thrives on new members’ investment money.
Meaning in order for the business to grow, it must continue to bring in new people and get them to invest in the company. NON-STOP.
And with a $500 investment that enables you to participate in a 21-level deep compensation structure, could you still not call it a pyramid?
Sure, you might argue that the $500 can produce around $30 to $60 in monthly profits, which is a money-maker in itself and doesn’t involve recruitment.
However, the next red flag will help complete the bigger picture of why this investment scheme works.
IV. Cloud Token Is Also a Ponzi Scheme
And here you have it.
The reason why Cloud Token could afford to pay dividends is because it gets its money from new members.
Not from the efforts of JARVIS doing high-frequency trading in crypto markets.
Coz’ if this were true, the trading bot would have to access your wallet, deposit on the exchange, make trades, and then deposit back to your wallet. All of these involve transactions.
However, you’ll never see these events happening nor registering in the blockchain.
And besides, any investment opportunity that makes a promise of profits is most likely a Ponzi scheme.
This combined with the lucrative compensation structure is what makes this cryptocurrency thrive (for now).
Don’t believe me? Then imagine if it stopped getting new referrals.
For sure, the investment scheme will crumble down like a sandcastle washed away by waves!
V. Has No License to Offer Securities
The reason why Cloud Token can operate the way it does is because it doesn’t have a license from SEC to offer securities.
So fundamentally, by investing into Cloud Token, you’re buying into an illegal investment.
No wonder why CTO is NEVER listed in popular crypto exchanges and price watch sites like Coin Market Cap.
Just wait and see, the SEC will soon take notice of this fact.
And they will bring down this cryptocurrency scheme for sure.
But in actuality, there’s no need to take down this crypto since it will collapse naturally by itself.
There’s only a finite amount of investors in the world to pull in, and when this depletes to a certain extent, it will eventually tumble down.
Now let me ask you, are you still participating in this investment opportunity?
Despite the negatives, there’s still good money to be made with Cloud Token. However, it will be a short-lived income source due to the nature of the cryptocurrency.
Whether you call it a scam or not is up to you. My only job here in this review is to save thousands of people from making the wrong decision.
If I can convince you to stay away, then that’s great. But if you want to give it a shot, then no problem too.
But if what you’re looking for is a ‘guaranteed’ way to generate a stable residual income that would last for years (or even decades), I can show you how to do it online.
Wanna’ Secure a Stable Income In The Long Run?
Making money online is easy.
It’s just that most gurus make it too complicated for newbies to understand.
Sure, you can educate yourself on the concept of cryptocurrencies and start investing in schemes like Cloud Token.
However, if you pick the wrong gurus and enroll in bad programs or opportunities, then don’t expect success to come easily.
I know because I used to buy them!
In the end, they left me with little to no money to spare.
The positive in this however, is that I finally discovered what it takes to succeed online, which came as a result of observing very successful Internet entrepreneurs.
How they do business online can be summarized in 5 simple steps, which I’m willing to teach at no cost in my Ultimate Guide to Making Your First $1,000 Online For FREE.
Just click the image button below to start reading:
What’s your take on Cloud Token? Do you agree or disagree with my verdict? Did I get some details wrong? What did I miss? Comments are always welcome (positive or negative), so please pass by and leave one below.