CATLY is a token on binance scam chain (ekhem I mean smart chain) created in june 2023. It quickly gains popularity. It has ties to russia and china and its a ponzi scheme. And I know what you may think, "every crypto is being accused of being a ponzi" but this really is one. (You also need binance account to even access it, which is sketchy too).
How does it work?
You have to use USD Tether (USDT) to buy CATLY token. To make an account of catly.io you also need an invite code (so you basically join someone's MLM structure). At start you can get 500 CATLY (worth around 2 bucks) and you can now stake. They promise 3% ROI A DAY , thats crazy and sounds too good to be true... It probably is. It runs for 15 days and its staked. You can cashout your staked rewards and after those days are over, your funds are unlocked too. Where is the MLM / ponzi thingy then? It has refferal program (look at image to see it):
The token price will surely tank quickly because of this insane staking precentage also we have no proof that they even pay anything.
New investments are the only revenue for CATLY's creators. They pay existing "investors" with money from new ones. Classic PONZI.
(if you for some reason want my refferal / invitation code for this, I won't send you that. Stay away you will only loose money)
This is not a financial advice.
