So he's selling Proof-of-Stake staking as a 'cloud' service? WTF?
Why would anybody choose to centralise their wallet on his 'cloud' service when you can easily download a PoS wallet and just have it running on a regular PC and staking as it should?
That's the whole point of PoS coins, to eliminate the need for constant PoW mining. It makes no sense to run a PoS wallet on someone else's server, unless you were trying to convince people you were selling them something they were quite ill-informed about and didn't realise the absurd nature of what was being shilled to them.
the ones gaw are selling are shares in the prime controller, so you get a much higher rate then staking in your wallet as well as daily returns.
This is known as a Pyramid Scheme. Exactly like Amway or any of the other scams where those who buy in early get a seat closer to the top of the pyramid and leach off of all of the poor suckers who are conned into buying in later. These "winners" (Prime Controllers) are held up as examples of how much one can earn to con others into buying in at the bottom and will never actually have the opportunity to reach that status. When suckers stop buying in at the bottom, the pyramid collapses.