EXXA Crypto Wallet Overview (Is it a rip-off? OR a Cloud Token clone?)
So what’s EXXA wallet?
EXXA wallet is one other self-proclaimed tremendous crypto wallet that earns you reward every day within the type of EXXA token. They’re additionally planning to supply discounted journey offers and digital academy however these features should not accessible by the app at this stage.
The corporate is registered in Singapore and has supplied the names and background particulars of the founders.
Who’re the folks behind this mission?
The corporate has made it open to purchasers. All of the names and background particulars of the folks behind the enterprise are listed, and these individuals are actual individuals who have been in both gross sales, enterprise, tech and regulation.
SQ2 Fintech Pte Ltd 25%
Founder Danny Phang 20%
Co-Founder Francis Aw 20%
Co-Founder Gregory 7%
Michael Chia 28%
The hyperlink to Cloud Token
You’ll seen that Ronald Aai (foremost man) who can be the CTO of Cloud Token OR Cloud 2.0
At one stage Ronald Aai was additionally the CTO of SQ2 Fintech. And he did open admit that there’s a battle of curiosity when the corporate determined to launch EXXA. Ronald has introduced on his fb web page about this and resigned from SQ2.
Now the precise App
The app interface appears to be like nearly an identical to Cloud Token. The login course of requires a obligatory referral code. It’s once more one other MLM approach much like Cloud Token and plenty of others.
It asks for a referral code, an non-obligatory username, a password, a 6 digit pin, and eventually your 12 phrases phrases.
You’ll then be given an account quantity much like a bank card digit.
Customers stay nameless on their platform as they don’t ask for actual names, contact quantity or deal with. There is no such thing as a KYC course of.
DEVO+ (The cash making half)
That is much like the JARVIS mission from Cloud Token. They claimed to make use of Tensorflow deep studying to coach and deploy their buying and selling algorithm. To this point the corporate has not made the buying and selling of every pair or the whole transparency of their buying and selling companions seen to purchasers.
To hitch, you’ll have to deposit your crypto to your Wallet. Your wallet just isn’t precisely yours as you do not need the personal key.
As soon as it’s in, you get to take part in DEVO+. It takes as much as three days earlier than you begin incomes your rewards in EXXA token. Priced at $0.10 USDT equal at first.
There is no such thing as a minimal to take part, however you have to keep a minimal of $300 to profit from the referral bonuses.
Solely 4 cash are accepted as of now. BTC, ETH, USDT, and LTC.
It’s behind Cloud Token which accepts 7 forms of cash.
I’ve to say the MLM and referral programme is sort of an identical to Cloud Token. There’s additionally a rating system referred to as X1, X2, X3 and X4 for neighborhood leaders.
Be at liberty to Use this referral code if want one: 13368321
Properly should you make investments, you might doubtlessly make a 5 -6% return monthly by their EXXA token, and might also acquire from the respect of the value of their EXXA Token which is at the moment priced at $0.10. When Cloud Token began it was $0.30 per token, and it’s grown to over $0.46 per token over four months. That’s over 50% development in worth.
So is it a rip-off?
Personally, after doing the due diligence, I don’t suppose this can be a rip-off, the folks behind the mission are actual individuals who had been concerned in quite a lot of enterprise. A few of that are MLM kind enterprise.
AXXA World — Sure seems like EXXA proper?
That’s as a result of Danny Pang additionally founding father of AXXA has a share in EXXA.
AXXA can be one other MLM firm promoting dietary stuff.
From a legality perspective it doesn’t look like a rip-off. However the enterprise mannequin depends on mass referral and advertising to outlive. As soon as they’ve constructed a mass quantity of customers and hoarding huge quantity of crypto, they will then hopefully be extra self sustainable utilizing a number of streams of revenue. Different MLM corporations similar to HerbaLife efficiently utilized this technique to develop right into a multi-billion firm, regardless of going by a number of authorized actions and fines.
I feel there is no such thing as a hurt making an attempt out EXXA wallet. However keep in mind, in crypto, it’s already extremely dangerous, and giving your crypto to somebody you barely know is even riskier. You simply hope you will get your seed out as quickly as doable then play with home cash.
It does feel and appear like a clone of Cloud Token, the crew behind, the cross over. It feels just like the individuals who began EXXA are critically jealous of the success of Cloud Token and want to begin one thing of their very own.