If I'm not mistaken, that was defined as scam a short time ago. Everything looks like ponzi to me.
You are not wrong, it is ponzi in full sense of that word and any users of this forum who promote such scams should be tagged for promoting such things. We have recently question from one member in Beginners & Help about this token, and just by quick search I fund information which confirms what is it all about.
Quote from: https://behindmlm.com/mlm-reviews/cloud-token-review-another-mobile-app-crypto-ponzi-scheme/
Cloud Token’s website provides no information about who owns or runs the company.
The Cloud Token website domain (“cloudtokenwallet.com”) was privately registered on January 27th, 2019. Cloud Token has no retailable products or services, with affiliates only able to market Cloud Token affiliate membership itself.
Cloud Token affiliates invest $500 or more in CTO tokens, on the promise of an “average 10-15% per month” ROI.
Commissions are paid when Cloud Token affiliates recruit others who do the same.
Cloud Token pays referral commissions via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1)
The Cloud Token website domain (“cloudtokenwallet.com”) was privately registered on January 27th, 2019. Cloud Token has no retailable products or services, with affiliates only able to market Cloud Token affiliate membership itself.
Cloud Token affiliates invest $500 or more in CTO tokens, on the promise of an “average 10-15% per month” ROI.
Commissions are paid when Cloud Token affiliates recruit others who do the same.
Cloud Token pays referral commissions via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1)
Now any investment is a risk. The main thing is to properly distribute risks, not to be greedy and take your profits in time Cloud Token is rapidly growing and only gaining momentum, which means that you can have time to earn good money and increase your capital well. Our team assumes that the project will work at least another 4-6 months. We do not force anyone, but simply draw conclusions on the basis of obvious facts. If you want to join the project Cloud Token, then register by code: 4901547258 and get 2 times more profit, as all its partners, we give 100% from referral profit After registration email us at telegrams @profitmaxe let that register. Within 10 minutes you will be answered by our Manager and we will list you every 24 hours. + you will get access to our private chat (where you can find out when you need to take your profits and money).
