The popularity of crypto wallets has grown at a great pace, and this technology has attracted investors across the globe.
As per the latest research conducted for the year 2019, the blockchain wallet users have grown to 42 million. The number is expected to grow at a high rate in the future as well.
Cloud Token Wallet, which was launched last year by Ronald Aai, has also found its audience. It has become quite a useful app amongst trading enthusiasts and crypto investors.
However, the growing numbers of Ponzi schemes that dupe the investors have forced many investors to think twice before investing in Cloud Token Wallet.
So, what’s the truth?
Do Cloud Token Wallet reward their investors, or it’s just one of those Ponzi schemes?
Let’s find out.
How Do Cloud Token Wallets Work?
Cloud Token Wallets are Artificial Intelligence (AI) backed crypto wallets that manage several of DAPP’s digital assets such as Bitcoin, Ethereum, DOGE, etc.
All investors need to do is to buy digital currencies, deposit them into the wallet, and leave the rest to AI trading assistant Jarvis.
Jarvis analysis past returns of digital assets trading on different exchanges and makes investment decisions based on the results. The AI bot helps you earn a riskless arbitrage profit anywhere between 6-12% every month. It rewards you with CTO tokens that can be converted into ETH anytime.
Moreover, it also gives you an option to withdraw the principal amount deposited into the wallet. However, a certain percentage of the sum will be deducted if withdrawals are made before 30 days.
So, if these wallets are so rewarding to the investors, why are they subject to doubts and criticism?
Doubts Surfacing Among the Users
There have been several Ponzi schemes in the past that have promised high returns to their investors. These schemes are designed in a way that proceeds from new users and are utilized for rewarding the existing ones. So, while the current investors do get paid, their rewards ultimately stop once the new investment dries up.
However, with Cloud Token Wallet, doubts among users are less w.r.o technology and more from the fear created by some fraudulent schemes.
The web has already been flooded with information declaring the Cloud Token as a Ponzi scheme. But once we went through content, we have found that a lot of stuff available is actually not true.
It’s crucial to address the alleged red flags regarding Cloud Token Wallets before taking a call on the investment decision.
Alleged Red Flag # 1: More than Normal Payouts
Investors indeed grow suspicious about the schemes that offer high payouts.
However, a scheme rewarding more than standard returns to its investors cannot always be said to lure investors into a trap.
The reason why Cloud Token Wallets are offering decent returns to their clients is its AI-backed technology. Jarvis, which is an AI bot, uses the VAROOM (velocity and acceleration realistically operating on the money) principle for allocating investments.
VAROOM is a decision-making algorithm that was developed by a math professor in Singapore. Using filters like exponential moving averages to filter out investments, it assists the AI bot accurately consolidate the investor’s fund in reliable assets.
Alleged Red Flag #2: Riskless Returns
It is said that every investment carries a certain degree of risk, which is undoubtedly true.
In Cloud Token Wallets, your money is not merely kept invested in selected few assets. Here, digital assets are continuously bought from exchanges on which prices are low and are sold on exchanges on which the prices are high. This process is known as arbitrage trading and it is also prevalent in stock exchanges.
In Cloud Token Wallets, the accuracy of the mechanism is enhanced by the AI trading assistant Jarvis about which we have already discussed above.
Alleged Red Flag #3: Lack of Transparency
It is said that the investment mechanism followed by Cloud Token Wallets is not that transparent.
Well, you must check out the website for numerous sources that have explained in detail the working of the crypto wallets.
You will also find tutorials and detailed PPT on the investment process followed by an AI assistant in allocating your funds.
In reality, there aren’t many blockchain technologies that offer greater transparency Cloud Token Wallet.
Alleged Red Flag #4: Lack of Management Expertise
It is the most baseless rumor surrounding the Cloud Token Wallet.
Ronald Aai, the Chief Technology Officer behind the platform, has an industry experience of more than 25 years.
He is also the chief architect behind Bit Beta, a company that develops 4th generation blockchain (the technology behind Cloud Token Wallets).
The entire blockchain industry is inspired by the vision and working style of Ronald, and it seems that there aren’t many who can better fit the position than him.
While it is ok to question the new technologies, it is also vital to find answers to them.
We hope that your doubts regarding the Cloud Token Wallets have been addressed, and you are finally ready to proceed with your investment decision.
For more insights on blockchain innovation, Cloud 2.0, and industry trends visit www.cloudtokenwallet.com