Episode 103: Cloud Token Scam And Why You Should Stay Away From This

Cloud Token is the latest scam and we look into why I can confidently say it. Where there's digital gold, there's digital pirates. I heard this phrase while watching a blockchain documentary recently and it stuck in my head. Scams are not new because of cryptocurrency, but many will try to deceive you to steal your money. This episodes touches briefly on 3 big scams from 2016-2017, and then we look at what seems to be the most prevalent one today, Cloud Token. Many marketers are pushing this project when so many red flags exist that I just had to do an episode dedicated to helping people steer clear of it. 

Check out the lack of movement on etherscan(also keep in mind the majority of the tokens are held on one address) https://etherscan.io/token/0x64c7da318530f02f36225107786ab6963bf6add8 

Here is a great resource that shows how many scams are out there and you can bet Cloud Token will be added to that soon. 

https://etherscamdb.info/scams

Links to Get Started with Cryptocurrency

• Coinbase https://coinbase.com/join/591b745a21e5d40cbd70
• Binance(for trading) http://www.binance.com/?ref=22229838
• Cash app(buy, sell, withdraw crypto) https://cash.me/app/VJNSLDJ
• Trading View(viewing and learning charts) tradingview.com
• Blockchain wallet(mobile wallet) https://www.blockchain.com/wallet
• Waves Platform(Decentralized wallet and exchange) https://wavesplatform.com

 

 

**Some of these links may be affiliate links, which means I may receive a small commission at no additional cost to you. I only recommend platforms that I currently use.