CloudFi fails to supply possession or government data its web site.
CloudFi’s web site area (“cloudfi.app”), was privately registered on January tenth, 2023.
At time of publication, SimilarWeb ranks high sources of visitors to CloudFi’s web site as Slovakia (62%), Italy (23%), Greece (3%) and Bangladesh (3%).
Slovakia stands out as an odd high supply of visitors.
In an try to look professional, CloudFi offers an incomplete company tackle in Hong Kong on its web site.
Whether or not CloudFi has any precise ties to Hong Kong is unclear.
As at all times, if an MLM firm is just not brazenly upfront about who’s working or owns it, suppose lengthy and arduous about becoming a member of and/or handing over any cash.
CloudFi’s Merchandise
CloudFi has no retailable services or products.
Associates are solely capable of market CloudFi affiliate membership itself.
CloudFi’s Compensation Plan
CloudFi solicits $200 to $1,000,000 investments in cryptocurrency.
That is finished on the promise of a Monday-Friday every day 1.25% ROI, capping out at 250%.
Relying on how a lot is invested, CloudFi additionally offers bonus deposit quantities:
- make investments $200 to $1000 and obtain a 2% bonus deposit
- make investments $2000 to $10,000 and obtain a 4% bonus deposit
- make investments $20,000 to $100,000 and obtain a 6% bonus deposit
- make investments $200,000 to $1,000,000 and obtain an 8% bonus deposit
Bonus deposits additionally pay out 1.25% seven days every week, capped at 350%.
CloudFi pays referral commissions on invested cryptocurrency by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel workforce, with each personally recruited affiliate positioned instantly below them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel workforce.
If any stage 2 associates recruit new associates, they’re positioned on stage 3 and so forth and so forth down a theoretical infinite variety of ranges.
CloudFi caps referral commissions down 4 ranges of recruitment.
Referral commissions are paid out as a share of cryptocurrency invested throughout these 4 ranges as follows:
- stage 1 (personally recruited associates) – 6%
- stage 2 – 4%
- stage 3 – 2%
- stage 4 – 1%
Becoming a member of CloudFi
CloudFi affiliate membership is free.
Full participation within the connected revenue alternative requires a minimal $200 funding.
CloudFi solicits funding in varied cryptocurrencies.
CloudFi Conclusion
CloudFi represents it generates exterior income by way of cryptocurrency buying and selling.
At CloudFi, our workforce of extremely skilled crypto merchants is dedicated to offering distinctive customer support and delivering constant returns.
Our proprietary machine studying buying and selling bot, Cloud Intelligence, makes use of superior algorithms to optimize your investments and maximize your earnings. Be a part of us as we speak and expertise the way forward for skilled crypto investing.
No proof of CloudFi being engaged in cryptocurrency buying and selling, or another supply of exterior income era is offered.
This aligns with cryptocurrency buying and selling being the highest ruse utilized by MLM crypto Ponzi schemes.
CloudFi’s enterprise moreover fails the Ponzi logic take a look at. If the corporate truly had an AI buying and selling bot already pumping out 1.25% a day (extra as soon as MLM commissions are factored in), what do they want your cash for?
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This may starve CloudFi of ROI income, ultimately prompting a collapse.
The maths behind Ponzi schemes ensures that once they collapse, nearly all of contributors lose cash.