It’s likely that you have come across Cloud Token through an email list, on social media or got it recommended by a friend or family member.
Is Cloud Token a scam? The reasons why you’re here is because you have want answers right so, that’s what I’m going to provide for you within this Cloud Token review.
First and foremost I must commend you for actually doing a bit of extra research before committing to joining Cloud Token. For all you could have known, the product could be a major scam so the fact you’re here right now, researching whether or not that’s the case is a pretty smart move on your part.
To be fully transparent with you, I am personally not a member of Cloud Token so I can assure you that I will not attempt to sell you it unless of course it’s worth investing in.
What I will aim to do is provide you with an unbiased 3rd party look at Cloud Token that will hopefully help you to make the best decision you can in the end.
PRODUCT NAME: Cloud Token
OWNER/S: Ronald Ai, Simon Tran, Matthew Suen
TYPE OF PRODUCT: Cryptocurrency MLM
PRICE: $500 to make commissions
SUMMARY: I personally do believe that Cloud Token is essentially operating as a scam and even a possible pyramid scheme (as you’re asked to recruit people for the sole purpose of getting more digital currency and not some form of real value) in every country but Australia, legally speaking that is.
Although, I’d say it’s a scam in Australia too because the coin itself doesn’t seem to have any tangible value, it’s merely paper value and with the extreme volatility of the crypto market, with tons of crappy alt coins and ICO’s, it’s hard to back a product like CL.
Moreover, the recruitment aspect of it is also a red flag in my eye as it just tries to convince people to get new people in so the owners have more money go into their shady coin.
As it stands, I can’t reccomend this coin to anyone because it’s just way to untrustworthy on the surface.
FINAL RATING: 0/5
RECOMMENDED: NO!!
WHAT IS CLOUD TOKEN?
CL is a cryptocurrency based MLM company much like icoinpro but, the system is completely different to that of a normal MLM company where you sell products to buyers. In the case of CL, the purpose of it is to get other people to buy the cryptocurrency “cloud token” so you can generate commissions from you referrals.
In essence CL is much like other cryptocurrencies such as ethereum, litecoin and of course bitcoin where the coin can actually be exchanged for goods, such as for ecommerce apparel and even for bitcoin, litecoin, ethereum and so on.
However, what separates CL from the more popular offerings I’ve mentioned is the technology it uses known as 4.0 block chain platform. This more advanced blockchain technology has the ability to implement cross-chain encryption exchange and payment.
CL has the aim to be the main crypto currency which is why it has made the coin as useful as it is.
As I said CL can be exchanged for apparel and the other big coins through its atomic swap but, the biggest selling point, for most, when it comes to CL is the JARVIS system it uses which is meant to be a smart trading system that ensures your “wallet” is secure. The assets in the Cloud Token Jarvis trading system are managed by a hedge fund investment bank to make sure of it.
The token is also registered with the Australian Securities and Investment Commission (ASIC) which shows it really is trying its hand at being the big dog in the volatile crypto circle (like most coins). CL’s headquarters are also located in Launceston, Tasmania.
As for the owners of the cryptocurrency, they happen to be 3 individuals named Ronald Ai who is described as a serial entrepreneur who has created several successful internet businesses, Simon Tran who is a self-described ‘blockchain investor and influencer.” He has 5 years’ worth of experience with cryptocurrency and blockchain technology and Matthew Suen who’s the token’s program director.
==>Click Here To Get Access To My FREE Make Money Online Guide!<==
HOW DOES CLOUD TOKEN WORK?
Firstly you’ll need to register for the cloud wallet which I’ll mention below
How Do You Join Cloud Token
First things first things first, to get the power to purchase Cloud Token’s you’ll need to download the CL app.
After you’ve downloaded and installed the app you’ll need to get the referral code that’s provided on the website, enter it and then create your own 8 pin password. If you’re unable to find the code, you can always ask customer service from help on the matter.
You’ll then be asked to create a 6-digit payment PIN, as well as backup a personal 12 mnemonic phrases. You will then be asked to choose the 12 mnemonic phrases in order and at this point you’ll be ready to go start purchasing some CL coins.
How Will You Make Money With Cloud Token
The simple answer is through the coins affiliate scheme which can also be somewhat likened to a MLM unilevel structure. In order to earn from the company you’ll need to subscribe to Jarvis AI and deposit a minimum of $1 to start receiving CTO Tokens daily.
In order to be eligible for commissions from you personal referrals, your referrals will need to have deposited a minimum of $500. So, say for example you have 100 referrals but all of them have only deposited $1, you wouldn’t be eligible for commissions from the plan. Of course this makes sense because if no one’s buying any coins it doesn’t make sense for you to make anything anyways right?
Anyhow before I dig into the unilevel compensation plan let’s talk about CL’s ranking system for its affiliates.
The rankings are separated between a rank C0 to C5. The rank system becomes activated once you reach the generational bonus level and I’ll explain how that works in a bit but first, let me explain how the compensation plan works from the beginning
Unilevel Commissions
The first way you’ll be able to earn through CL is via its unilevel commission plan. If you don’t know how a unilevel structure works, you should know that there are multiple levels to it and there can theoretically be an infinite depth of levels on such a structure. Of course this doesn’t tend to happen within most MLM based businesses.
Speaking of how it works in a practical manner, when you personally recruit a member he will fall within level 1 of the structure, if anyone that you personally recruited manages to recruit someone themselves, this individual will fall under level 2 of the structure, if a level 2 recruit manages to recruit someone themselves, they will fall under level 3, so on and so forth.
The reason why a unilevel structure is different to let’s say a binary structure is because you can theoretically recruit an an infinite number of members within each level where as in binary structure it’s only 2 person per level from each individual member.
CL has 21 levels within its plan that require certain requirements to be met to unlock. As I mentioned above, in order to earn with the plan your affiliates will need to have bought $500 worth of tokens and as for how you unlock the levels, CL asks you to do the following :
- recruit one affiliate investor to unlock level 1
- recruit two affiliate investors to unlock level 2
- recruit three affiliate investors to unlock level 3
- recruit four affiliate investors to unlock level 4
- recruit five affiliate investors to unlock level 5
- recruit six affiliate investors to unlock level 6
- recruit seven affiliate investors to unlock level 7
- recruit eight affiliate investors to unlock level 8
- recruit nine affiliate investors to unlock level 9
- recruit ten affiliate investors to unlock level 10
- recruit sixteen affiliate investors to unlock levels 11 to 21
The referral commissions are paid out as a percentage match of the daily returns paid to unilevel team affiliates. As for how much you make in this manner :
- level 1 : 100% CL ROI match
- level 2 : 50% CL ROI match
- levels 3 to 21 : 5% CL ROI match
Rank Commission Bonus
CL boosts their referral commission by an additional 5% if they accumulate $200,000 in unilevel team investment volume. This is also the requirement to become a rank C1 member
Generation Bonus
This bonus is what will assist you to qualify within CL’s ranking system, as mentioned above you can only qualify as a C1 rank after your team has invested $200k in investment (which is going to be far from easy to achieve) and anything below that is rank C0.
The Generation Bonus is paid on ROIs received in that first generation (up until the C1 or higher ranked affiliate). Using this generational structure, Cloud Token pays a 5% Generation Bonus for each generation that you achieve.
As for how you’ll rank up :
- C1 members receive the bonus up until a C1 or higher ranked member is found in a unilevel team leg
- C2 members must have three C1 ranks each in separate unilevel team legs, and receive the bonus up until a C2 or higher ranked affiliate is found in a unilevel team leg
- C3 members must have three C2 ranks each in separate unilevel team legs, and receive the bonus up until a C3 or higher ranked member is found in a unilevel team leg
- C4 memeber must have three C3 affiliates each in separate unilevel team legs, and receive the bonus up until a C4 or higher ranked member is found in a unilevel team leg.
The generational bonus is capped at the C4 rank. The C5 rank provides you with other benefits which I’ll explain below
Revenue Share
As for how you qualify as a C5 rank member, you must have three C4 members each in separate unilevel team legs. The bonus you receive as a C5 ranked member is an additional 5% revenue share on the company-wide investment volume.
As you can see the plan is quite comprehensive and will definitely take a couple looks to see exactly how it works.
THE NOT SO GOOD THINGS
The Token Isn’t Registered With The Securities And Commission Exchanges In Other Countries
Businesses that operate in the financial services sector are required to register with government agencies that regulate securities and other financial activities. Well CL actually doesn’t do this completely…
It is true that CL is registered with Australia’s securities and commission exchange however, the countries where the coin has the most interest, India and the United States, don’t seem to be registered meaning the company is operating illegally in these countries.
This has actually been called out on CL’s Facebook page where the owner basically states they allow they’re legal team to handle this.
If the regulatory systems really start working on this matter and ultimately penalise CL for how it operates because it is regarded as a financial property despite not being an ICO, a lot of investors could look to lose a lot of money, much like the bitconnect fiasco a few years ago.
The Initial Requirements To Qualify For The Commissions Is Pretty Large
The qualifying requirements are pretty steep at the $500 range that your affiliates need to generate so that you can in turn start making money.
This is going to dissuade a lot of people from trying out what’s on offer, then again it’s probably not worth it anyways and the wallet the owners offer is pretty darn shady.
There Is A Heavy Emphasis Recruitment To Achieve Success
The compensation plan has a very heavy emphasis on recruitment and considering the coin doesn’t seem to have much value besides using the latest blockchain technology, it’s hard to consider it a reliable company to recruit for.
Moreover, if the company is to fail (there is a good chance of this happening), when you take into account how affiliates are only paid out commissions in CL coins itself, the whole opportunity becomes universally dependant on the value of the coin as opposed to anything that is tangibly valuable, like maybe an actual stock from a brokerage that’s dependant on actual tangible value and not just cloud based resources entirely.
Let’s say you look beyond all these issue and let’s assume the coin is actually legitimate, even in such a situation the company pushes its members to heavily recruit so that they can get more coin, they ask you to invest a lot of “real money” into something not even universally accepted as a currency.
Then again I’m not very knowledgeable about cryptocurrencies and alt coins, all I know is that the market is volatile meaning there’s every chance in the future for literally every penny you and your recruits invest in the coin to become useless. So to put it bluntly, you’re risking a lot of time by pursuing this “opportunity”.
THE GOOD THINGS
There’s not much that I can point out as being good about CL. Yes if you manage to recruit a ton of people and generate the commissions in CL’s, you could potentially make some decent money however, that’s only if the value of the coin increases.
Considering the plethora of junk Altcoins out there, a new player that doesn’t even seem to be completely legal in the areas it does business in is hard to get behind.
IS CLOUD TOKEN A PYRAMID SCHEME/SCAM?
I personally do believe that Cloud Token is essentially operating as a scam and even a possible pyramid scheme (as you’re asked to recruit people for the sole purpose of getting more digital currency and not some form of real value) in every country but Australia, legally speaking that is.
Although, I’d say it’s a scam in Australia too because the coin itself doesn’t seem to have any tangible value, it’s merely paper value and with the extreme volatility of the crypto market, with tons of crappy alt coins and ICO’s, it’s hard to back a product like CL.
Moreover, the recruitment aspect of it is also a red flag in my eye as it just tries to convince people to get new people in so the owners have more money go into their shady coin.
As it stands, I can’t recommend this coin to anyone because it’s just way to untrustworthy on the surface.
MY PERSONAL RECOMMENDATION
Although MLM’s have created its fair share of millionaires over the years, more often than not when it comes to training newbies and teaching them how to succeed in the biz, they tend to be very lacklustre…
This is why so many people tend to fail!
Therefore, personally I would suggest you look into creating your own brand, particularly through a website, whilst ultimately getting involved in my #1 money making method online as a result.
If you’re curious as to what my #1 make money online method online is, it’s affiliate marketing!
By having your own website and essentially driving targeted traffic to it, not only can you sell whatever MLM product you want, it’s also possible to sell other products too without even purchasing stock.
By doing this not only would you make extra commission per sale but you also won’t need to worry about fulfilling orders for customers and dealing with their potential complaints!
I’ve personally made over $100 in a day as a result of implementing affiliate marketing to my online business!
Here’s a screenshot of one specific payment
Others have made way more than me but, the fact of the matter is that it works, which is why I would highly recommend you look into it.
If you’re intrigued by the potential of affiliate marketing, I’ve put together a very in-depth guide diving into what affiliate marketing is, how long it takes to make your first bit of income along with how to effectively grow your online business and maintain its income.
==>Click Here To Gain Access To My Free Affiliates Marketing <==
If you have any questions that you would like to ask me regarding CL , feel free to do so in the comments section below and I will get back to you as soon as I can. If you have your own thoughts about CL and would like to talk about it, again feel free to do so in the comments.
Thanks
Amhil