Update from Ronald Aai through Facebook on 9-9-2019:

#cloudtoken #welisten #cloud100percent
We know not all are born to be leaders. Not all are cut out to be a pioneer. Not all are capable of going on a rocket ship ride with us. It’s ok, you’ll see us when we reach the moon.

Wealth Generation
1. JARVIS (~USDT500)
2. ROGUE (~USDT10)
3. FRIDAY (~USDT5m)
4. MERCHANT AFFILIATE PROGRAM (CASHPOINT up to ~2k)

ROGUE
has the ability to change NGOs and TOWNs.
It uses CRYPTOs that are pooled to participate in
CRYPTO LENDING HUBS to generate sizable revenue.
imagine that NGOs like your local Orphanage, Schools, Churchs, or whatever kind of NGOs they get monthly revenue from the CRYPTO lending pool to better their efforts for the community. TOWNs need not keep relying on Businesses to rape them of their resources, TOWNs can use this to better their own inhabitants. ROGUE is a game-changer.

Ecosystem
1. [*]OTA (Online Travel Agency)
2. [*]OTC (Buy and sell crypto to fiat)
3. [*]CloudSIM (Free DATA for many parts of the world)
4. [*]E-Commerce via CTO

Goal
3 years to become the largest wallet platform in the world that covers the financially excluded, with 20 million merchants, 100 million users and 1.5 million partners.

How are we getting there?
Step #1 – Introduce Jarvis to capture 1million partners
[*]Step #2 – Using the Jarvis AI trading bot to enable service for 10million users using CloudSIM for free when they participate in the HOLIDAY project (USDT250)
[*]Step #3 – Using partners to capture 20million affiliate merchants
[*]Step #4 – Enable Purchase of Crypto assets P2P for all users/merchants
[*]Step #5 – Enable Merchants to be CashPoints
[*]Step #6 – Enable Remittance service for Merchants P2P/B2C

Note: [*] are revenue generation processes.

Update from Paul McCarthy following the Warsaw event on 8-1-2019:

Jarvis AI

560 million under management now (August 2019)

Block Limitation

Each Block is $500

$700,000,000 total trading limit for Jarvis

$500 each block value

1,400,000 total number of blocks

When you withdraw, you free up the blocks, allowing for more space to others. Once the 10% fee is removed, people will be able to go in and out all the time without any limitations.

These blocks will first be introduced for Rogue. If the block-system works well for Rogue, then the company will also introduce it for Jarvis.

Ronald believes that there should be enough room till the end of the year.

Adding funds to the Super-Wallet with VISA/MASTERCARD

They will have the CEZA license by the end of September (hopefully), then they need to create a bank account. Once they have that, they can do that.

They are following this process specifically for their merchant program, but this would also allow them to add VISA/MASTERCARD acceptance.

KYC:

The KYC will be optional, only accounts that want to enable FIAT have to do this.

GDPR/Data Handling

They are PCI-DSS compliant and GDPR compliant.

Chargebacks:

They will be using the same service provider as Binance.

Some of the CEZA License Requirements:

They need a fully working Exchange and an OTC. So they’ve acquired a technology company with their IP to accelerate this process and both the exchange and the OTC are now being tested.

By next year their product will be available on C-Trade (portfolio management platform).

Can the Pre-Paid Debit Cards Be Blocked?

The reason why some cards in the past got blocked is because they had 0 balance. MCO, TENX cards for example are empty (0 balance).

They are using acquiring banks, and have something called a “master-account”.

The master-account is loaded with balance and all the cards share that master-account. Every time one of these cards gets used, the system gives it a “yes” or a “no” to confirm whether that card can be used. When you get a yes, they will go into your crypto account and do a sale.

Cloud Token’s cards are Global and are pre-funded. Cloud Token cards come loaded with up to $14,000, depending on how many CTOs you’ve added to your card. The moment you use that card, the amount gets deducted. After 30 days the company takes all the CTOs and refills the card.

Errors and CTO Conversion Failures:

The market right now is really congested and so is Cloud Token. (withdrawals working at the time of this post)

The wallet is not with Cloud, but it’s with the mining pool and they cannot take all the capacity of their pool. That pool just cannot process transactions fast enough.

Aurae Blockchain

Aurae Blockchain is already LIVE and processing all the transactions inside the ecosystem. And the explorer is right now being processed.

Slow App

The reason why things run slow inside the app is that because the app is still relying on other blockchains, that are slow.

Initially they planned to release the cards only to C3 and above.

However they are working on allowing anybody who attends the event to also receive pre-paid debit cards.

Jarvis – still enough space, hopefully until the end of the year, depends on market conditions.

Project Rogue – lottery

11 – 17% ARP

1.3 – 1.4% per year

Employees:

Used to have 6, now have 40.

They have purchased their office in Kuala Lumpur.

New Crypto to be added:

EXP, EOS & DAI

Aurae Explorer to launch before the end of the year (we are pushing to have it much sooner).

Private Keys for all the other crypto in the wallet to be introduced before the end of the year

Aiming to have 1.5 million members and 10 million SimCard members and 20 million merchants (connected via the affiliate program) by March 2020.