Phoneum Cloud Earning PHM Reviews: SCAM or LEGIT?


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Phoneum Cloud Earning PHM is a cloud minning application available for both Android and iOS. With Phoneum app, users are able to mine Phoneum (PHM) cryptocurrency daily for free in the cloud directly from their smartphone. One key benefit of Phoneum Cloud Earning app is that you are not required to keep the app running in order to earn, once connection as been established with cloud server, you can close the app (or even go offline) and you will continue to earn. Your earnings will then be credited to your account after 24 hours.
Phoneum (PHM) is an ERC20 token described as a true mobile only cryptocurrency and it is currently listed on Latoken Exchange.

Phoneum use to be a mobile only PHM miner but it seems when most appstore updated their TOS to ban cryptocurrency miner apps they had to change thier businesses model to cloud minning.

Getting started with Phoneum is easy, all you need to do after installing the app is to signup using either your email or Facebook account. No KYC is required.

Pros:

  1. It is easy to use and lightweight, no real minning is actually happening on your device.
  2. It works offline. Once you’ve established connection with their server, you can close the app and go offline. You will continue to earn and your earnings will be credited to your account after 24 hours.
  3. It is available for both Android and iOS.

Cons:

  1. The minimum withdrawal limit is very high. You earn an average of between 20 - 50 PHM a day and the minimum withdrawal limit is about 40,000 PHM. This means it will take you years to reach minimum withdrawal. Although the devs claim they will reduce this over time.

Phoneum looks really good but the high withdrawal limit is quite discouraging. Am guessing the reason for the high withdrawal is to avoid dumping of token since they just completed ICO not quite long. This probably might change over time once they have enough users.
Also if you have multiple devices, you use them to spread your earnings thereby attaining minimum withdrawal quickly.