What Is Cloud Token? It’s a Pathetic Mobile-App Ponzi Token!

Cloud Token is a Ponzi scheme that made quite the buzz in 2019 when the platform suddenly stopped paying its investors and when the only face on the program, Ronald Aai, disappeared. 

The program may have disappeared or at least laid low, but it’s still worth talking about because its founders are very persistent. 

Cloud Token is a MLM or multi-level marketing company that operates a cryptocurrency platform. 

Their landing page had no information as to who owns the company, but their marketing videos say otherwise. 

Ronald Aai and Daniel Csokas are mentioned as the founders of the company and were tied to another cryptoscam called Plustoken. 

The company was founded in 2018 and was marketed as an online wallet that manages all digital assets. This would allow users to make transactions using blockchain technology. Note that the concept is in fact legitimate, but the company is using it for the wrong reasons. 

Cloud Token Product Line

There are no retail products or services being offered by Cloud Token. All that you’re offered is the opportunity to take part in their income opportunity by making an initial investment. 

Does The Product Work?

Cloud Token is one of the nefarious mobile app-based Ponzi schemes that we’ve seen, and probably the most comprehensive one at that. So much so that they literally have their app listed on Android’s app store. 

It operates the same way as Plus Token, Super CodingFly (SCF Token), and WoToken. Their token, CTO, is generated on a whim and its value is determined arbitrarily. It has no use in the market or anywhere outside of Cloud Token. 

When you invest into the program, the money is converted into CTO. This investment is used to pay off the existing members who are on top of the structure (you’ll see what we’re talking about when we discuss the compensation plan). 

So how do they generate passive ROI then? Well, they claim that their AI called Jarvis is responsible for that. Jarvis is an AI that will automatically trade cryptocurrency to generate a profit. 

But there’s absolutely no proof that any form of trading is taking place. Because they’re promising passive income, Cloud Token constitutes a securities offering. They’re not registered to do carry out transactions on behalf of their clients. 

At the bare minimum, they’re committing securities fraud on top of operating a Ponzi scheme. 

The only verifiable source of income coming into Cloud Token is new member investment, which is done through recruiting. 

Also your earnings are paid out in CTO, and not in cash. You’re not going to get your money back either way.

Recruitment is the only way to make money with Cloud Token. You have to recruit people into the program and get them to invest into the income opportunity. Portion of their investment is paid out to you, the person who recruited you, and it goes on from there. 

How To Get Started with Cloud Token?

If you want to participate in their income opportunity, you’d need to invest a minimum of $500. The investment is converted into CTO, which is paid out to the existing members. 

There’s no mention of the maximum amount for investing. 

Cloud Token Compensation Plan

Cloud Token’s main draw is their 10% to 15% monthly ROI, which is generated by their AI named Jarvis. 

But you get more money when you recruit people into the program (in theory).

Referral Commissions

Referral commissions are paid out following a unilevel compensation structure. This structure places you at the top of the team. Your personal recruits are placed under you and labeled as your level 1. 

When your level 1 members recruit, these new people become your level 2 members and your level 1 member’s own level 1. 

And this goes on infinitely. But Cloud Token caps the levels at 21, but that’s already a lot of people under you. 

Referral commissions are paid out as a percentage match of daily returns paid to unilevel team members:

1. level 1 (personally recruited affiliates) – 100% CTO ROI match
2. level 2 – 50% CTO ROI match
3. levels 3 to 21 – 5% CTO ROI match

All referral commissions are paid out in CTO.

Rank Commission Bonus

Cloud Token members can boost their commissions earned by getting promoted. And you do that by… drum roll please… recruiting people. 

What a surprise!

The higher your rank is, the higher your commission percentages are.

#1 Founders Are Connected With Other Pyramid Schemes

Ronald Aai and the other founders of Cloud Token are tied with other people from other Ponzi schemes. It’s safe to say that they’ve built their own network of schemes without making it look like they’re connected with one another. 

Coincidentally they also operate the same way as the other schemes.

#2 They Are Not Registered In Singapore And Malaysia

Cloud Token is not registered to operate as a securities offering provider or as a MLM company in Singapore and Malaysia. They’ve committed securities fraud in the USA as well as receiving government warnings from other countries such as Africa and Republic of Mauritius.

#3 Arrest In Taiyuan

In the later part of 2019, more than 70 people were arrested in Taiyuan, China after holding a Cloud Token even in a train station. These people scammed more than 300 victimes out of $4 million of their investments.

The company is complete BS so there’s nothing positive to say about their program at all. 

At this time of writing, Cloud Token has reduced its operations and have restricted member withdrawal from their program. We don’t know if they’ve gone under, but the founders and those in the upper tiers have begun exiting the scheme. 

With members being arrested for committing securities fraud and with nothing to show for, Cloud Token is a BS ponzi scheme and nothing more. They can hide behind their digital app all this time, but it’s not going to change the fact that they’re stealing money. 

We’re pretty confident that this won’t be their last Ponzi scheme, so expect to see a clone of Cloud Token any time soon.

I'm not a fan of MLM, not because it's illegal or not profitable, but because of all the restrictions and the expensive costs involved.

Instead, Affiliate Marketing is my top recommended business model for anyone to make money online.

The reason is simple...

• You don't have to recruit anyone to make money
• You have the freedom to promote any products you want and not being restricted to only promote the products from one MLM company
• It's Free to get started

In fact, with affiliate marketing...