Kala ICO Tokens Supposedly Signed Off By Lawyers

Nui ReviewHas someone approached you lately about joining Nui?

This doesn’t surprise me – it’s been getting a lot of hype in the last couple of week, with people pitching it all the time.

First, let me make one thing clear – I am NOT in any way affiliated with Nui.

I simply wanted to gather all the details here for you in my Nui Review so you can make an informed decision.

Is Nui truly a scam?

Does it really work like the marketing materials say it will?

Read on to find out in my Review of Nui.

Let’s get going!

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What The Heck Is Nui?

Divvee has recently been making waves in the MLM space, and not for good reasons.

The company first launched with the offer for discounts, but after this flopped, it moved on to a platform that was centered all around promotions and recruitment. This was relatively successful, and afterwards, Divvee moved on to offer ROIs through the Ryze AI.

Divvee then made an announcement that it was merging with Hodo Global to create Nui.

After this, Nui then announced that it wasn’t going to associate itself with the Ryze AI. Instead, Nui was going to partner with Wealth Generators – except it actually wasn’t.

As if that wasn’t confusing enough, it’s now being reported that Nui is getting ready to launch its own cryptocurrency by the name of Kala. However, this is going to be done through yet another company called Symatri.

Symatri’s website doesn’t make any direct mention of Nui, but Nui’s website references that its Core and Reach platforms are “powered by Symatri.”

Per Nui’s website, “The Symatri Ecosystem is perfectly structured to foster a vibrant economy around achieving financial security.

Through completing CORE activities, members can earn Kala.

Within the REACH marketplace, all Kala users can purchase from a vast array of products and services.”

Nui Scam

Affiliates are paid by Kala, and this is being offered to them through Nui’s ICO.

Nui members have the opportunity to invest as much as 21 billion Kala tokens, and these appear to range in price anywhere from one cent up to five cents per token.

Once the ICO is completed, Nui will then taking the remaining premixed tokens and offload them to affiliates that choose to take part in its MLM opportunity.

In other words, “Complete activities through our CORE platform and earn CORE points, then transfer those into Kala.”

It’s not currently clear whether or not Kala will ever be tradable on the public market, with an FAQ section of the Kala Token’s website saying that, “like other cryptocurrencies, the value of Kala will fluctuate, and it will be expected to trade on market exchanges.”

However, one thing that is certain is that Kala will initially be used as an internal points system.

That may not sound like a big deal to some people, but it’s actually pretty damning.

Kala being offered within Nui are made up up both Core points and Kala tokens.

Both Core points and Kala tokens have values that are set by Nui and Symatri, and the soonest a public launch would happen is by the spring of 2018.

Until then, Kala will be used as internal points that are evaluated by Core points – which is yet another system of internal points.

In other words, affiliates are asked to invest their money into points that hold no value, the price is determined at will by the company, and they might not ever go public.

With this being said, we can now get into the meat of this story.

On November 26, the company issued a statement saying the following:

“Our legal representation includes the top law firms in the U.S., Latin America, and Asia.

Specifically, these law firms are specialized in cryptocurrency and are ready to stand by us.

They are on our advisory board and have partnered with us on the legal side.

Having the best cryptocurrency legal representation on the planet gives us and you the assurance that we’re in line with regulations and policies and are proficient in what we’re accomplishing.”

This continues with:

“Depending on the facts and circumstances of each individual ICO, the virtual coins or tokens that are offered or sold may be securities.

If they are securities, the offer and sale of these virtual coins or tokens in an ICO are subject to the federal securities laws.”

Essentially, what this boils down to is the fact that Nui/Symatri are offering nothing more than a scheme that we’ve seen time and time again in the MLM space.

Being able to jump in on a new cryptocurrency sounds awfully exciting these days, but with no external use whatsoever, there’s no way for Kala to grow. Kala are nothing more than virtual Ponzi points right now, and unless that sounds appealing to you, I’d advise steering clear of them.

 

Is Nui A Scam?

If you’ve come across a review that says Nui is a scam while researching, I wouldn’t be surprised.

A lot of marketers will tell you something is a scam just so they can sell you something else.

So, can you trust those other reviews?

What is the truth about Nui? Is it really a scam, or is it legit?

I would say no, not exactly. However, there are a few things in the business you should be aware of – read on to the conclusion to find out what they are.

Knowing what you’re getting into is the best way to be successful.

See below for my FREE training that will help you make money!

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What’s your Conclusion About Nui?

 

I hope that you are able to use my research in my Nui Review to make a decision.

If you do decide to become an affiliate with Nui, make sure you take the time to learn how to market yourself.

My FREE training can help you.

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