Cloud Token Review: Another Mobile App Crypto Ponzi Scheme
A Cloud Token promoter challenged me to install the Cloud Token wallet so I could see that it was real. They obviously didn’t consider my cryptocurrency technology background. I’ve installed, used and programmed many real crypto wallets. So I took them up on the challenge. I downloaded the app from the Play Store and proceeded to install and use it. I, of course, needed to first create an account. Interestingly, when I started to create an account it first asked me for a referral code. What? I have never seen a referral code in a real crypto wallet. It’s obviously related to the MLM nature of Cloud Token. A referral code implies that my decentralized wallet is using the referral code to link me to someone else in the Cloud Token system. I just made one up and it allowed me to create an account. It asked me to create a pin code, then a payment pin code. Afterward, it displayed a pneumonic set of 12 words. That’s normal for a crypto wallet. But surprisingly, there never was a public