Its a copy of TrustToken from China but this time made in Malaysia. Im sure Steemit users were not even aware of it or use it but seem this thing is googled a lot so this will help to spread REAL WORD about it.
Cloud Token 2.0 or Cloud Token is a ponzi scheme. Of course people who invest into it dont read signs or are new into Bitcoin business so dont even know whats going on.
They offer a "super wallet" that pays you even 10% a month for holding coins. Yet it pays you that 10% in their own token CTO which you cannot withdrawal right now (for a month).
How do they make money? They claim they do arbitrage on Binance and other exchanges.
Then out of it they pay you their own token that you exchanges to BTC and withdrawal. Of course, this stopped working.
So their CEO claimed he has all those BTCs and volumes. Thing is, its a personal account so he couldn't do arbitrage with it legally. Also soon after the post...
CEO of Binance said its fake.
Pretty much its obvious for everyone who is into crypto that Cloud 2.0 is a pozni scheme asnd scam but it looks like they heid a lot of articles and add new ones saying how legit they are.
All people who promote this system are also scammers who are paidf from the top. Its not gonna be as big as PlusToken ponzi but still big enough to have an impact on the market.
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