Updated Cloud Token Review and Information for you yourself to Make an Informed Decision in 2021
The latest crypto Cloud Token review shows that the business operates illegally and without a proper financial regulatory license.
ReportScamOnline now considers Cloud Token to be operating an on line scam. We recommend our readers not trade with this specific broker and if you have an open account with the corporation, we suggest you make an effort to withdraw your funds when possible.
What is Cloud Token?
Bitcoin. Ethereum. Litecoin. These are perhaps some of the most used buzzwords in the financial and digital world right now. Lots of people around the world have made fortunes after investing in cryptocurrencies. No surprise many wish to join the bandwagon and make their fortunes with these digital currencies.
One of many newest entrants to the world of digital currency is Cloud Token. Cloud Token , according to its website, may be the first-of-its-kind "social wealth wallet" and platform where all cryptographic assets are integrated.
It's powered by 4.0 blockchain platform technology. This type of technology has the power to implement cross-chain encryption exchange and payment. Cloud Token desires to be the blockchain industry's standard token.
A few of Cloud Token's features include
* Blockchain 3.0 technology. Cloud Token is really a digital asset wallet and trading platform. Its Cloud Token 4.0 Smart Mobile Wallet also supports other cryptocurrencies such as for example Etherium, Bitcoin, Litecoin, and more.
* Cloud Token JARVIS. This really is Cloud Token's smart trading system that ensures that the "wallet" is secure. The assets in the Cloud Token Jarvis trading system are managed by a hedge fund investment bank.
* Atomic Swap. Easily exchange Bitcoin, Ethereum, and other digital currencies with Cloud Token within the platform.
* E-commerce. Cloud Token allows you to buy items such as for example apparel, books, software, toys, and others utilizing the digital currency.
Cloud Token is registered with the Australian Securities and Investment Commission (ASIC). You can check the information here.
Its management has additionally asserted so it has offices worldwide, but we don't see any set of offices on its website. Actually, Cloud Token doesn't list a physical address of its headquarters on the website. Based on its data on the ASIC website, its address is located in Launceston, Tasmania.
How to Join Cloud Token?
To be able to join Cloud Token , you have to download their application in your android or iOS device. Once you have signed-up on the app, you get the possibility of shopping for and selling CTOs. The marketing team behind the corporation is quite clever because they do not mention the expense of joining this platform anywhere on CloudTokenWallet.
However, once you have installed their app, you have to create an investment of at least $100 to proceed and utilize the features of the company. A maximum investment of $100,000 is possible. Moreover, you have to pay for a regular interest of 6% to 15%, depending on your own initial investment https://www.scamrisk.com/cloud-token/.
Is Cloud Token a Scam?
Unfortunately, yes, Cloud Token is really a scam. One of the greatest indicators that this can be a scam is the fact that it is not registered with the regulating agencies of governments of countries where it operates. It has an MLM/affiliate program where people invest money, and this registering with the countries' financial activities regulating agencies is essential. The lack of accountability can become problematic later on for affiliates especially when the business gets into trouble and runs using their money.
A few of the stories about Cloud Token also doesn't add up. The organization is registered with the ASIC in Australia, but its office is located in Kuala Lumpur, Malaysia. The persons listed in its whitepaper also don't appear to exist or are unaware that their names, photos, and other details were utilized in the document.
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