So, I saw
this thread about cloud token some days ago, and they appear to be a ponzi scam. Cloud Token Wallet promises 6-15% monthly on investment by trading investors funds on an automated trading bot. I don't know if a similar thread has been created concerning this, but here are some red flag about why you should not try to store your funds there.
- You are required to sign up with a sponsor code when creating the wallet. You're given mnemonic phrase( which I think is only for recovery process within the wallet) and some 16 digits login ID.
- Bitcoin transaction takes long to appear on cloud token wallet
- You need to have some CTO in your wallet (which can only be gotten by investing) in order to send crypto out. Imagine saving funds on the wallet. Transaction fee is also ridiculous.
- You can't export your private keys and the only private key you are given is for the ETH wallet and it isn't safe.
- Matching bonus and ranking system bonus is also ridiculous. 100% on first level.
Edit
- No proof for increase in CTO price.
In conclusion, Cloud Token Wallet appears to be an online wallet and a pure ponzi scheme. Forget about the events they have organised or the partnership they have secured, they will exit scam once new funds are not coming in.
NO TO PONZI