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Catly is a crypto token staking platform promising to enrich the lives of those who sign up. Our catly.io review exposes some of the details that make CATLY a high investment risk.
For those new to crypto staking, Catly may seem like the perfect opportunity to get in early. After all, the platform promises to make a guaranteed 3 percent daily profit margin. Most don’t know that new members pay for withdrawals of the first batch of investors.
We will let you into the dark arts of a well-planned MLM scam using crypto staking as their avenue. Catly has managed to deceive investors for some time but it’s all going to fall after exposing how it works.
Before you invest in some of these staking platforms, you need to conduct due diligence. Try and find out whether the crypto community backs these platforms. If not, you better stay away or risk becoming the next victim.
CATLY does a perfect job of masking the culprits behind the platform. What you get is a platform that convinces investors that withdrawal is possible. These investors get to withdraw part of their initial deposit disguised as the 3 percent daily ROI.
Let’s take a closer look at our detailed Catly review.
The platform claims to be the best Web 3.0 community token. You vest funds for a specified amount of time before getting the chance to withdraw. A few things worth noting when it comes to crypto staking opportunities;
These are the facts that make staking feasible. If the platform in question fails to cover the above aspects, we recommend you stay away. That’s why our Catly review will give into detail how the platform works from scratch to blocking withdrawals at the end of vesting period.
1.9 percent monthly ROI is feasible in most crypto staking platforms. The promise of making daily guaranteed 3 percent ROI is unrealistic. Market movements and the volatile aspect of cryptocurrency make it near impossible to hit these targets.
That’s why we have to expose the platform for failing to offer much in terms of availability. All you need is accountability and transparency in a staking opportunity. These are the facts that make Crypto investing highly lucrative.
It all started in March when the product was launched, the first batch of investors were to withdraw funds end of April. By this time, there were two pool of investors, those who initially signed up in March, and those who signed up in April and thereafter.
For investors in March, they had to deposit a minimum amount to get started. It was the vesting amount set to increase 3 percent daily. That’s a total of 90 percent in a month. Investors were expecting nearly a match of their initial investment.
Catly on the other hand had some different plans. Investors had to withdraw only 30 percent of their initial amount. And the funds were funded by investors who signed up during the month of April.
The platform basically moves money from one member to another. Investors are not the only victims of this platform. Other victims include affiliates and marketers who moved the product in an attempt to get bonuses and commissions.
Once the first batch of investors got to withdraw the first amount, they were convinced the platform was real. Catly took advantage by urging them to deposit even large amounts or sign up with profitable plans.
And that’s when it all went south as the platform later blocked withdrawals. None of the March and April members have received a penny from Catly. We suspect that this could be you if you make the decision of signing up with catly.io.
Please note the platform is still active as of publishing this post.
To ensure clients signed up depending on the wallet amount, the platform came up with different levels of investing. Each level promises daily guaranteed profit margins with the platform failing to offer realistic returns.
This account is for the first-time investors who want to test the platform’s 3 percent daily profit margin. The allowed minimum investment is $500 with the maximum set at $2,000. You can also earn 1 percent on every member you sign up for this account.
For silver account holders, the minimum acceptable deposit is $5,000 with the profit margins increasing. Members expect 5 percent daily profit margin after vesting for a minimum of 60 consecutive days.
You have to deposit a minimum of $6,000 to a maximum of $10,000 to get started. The vesting period is 90 days with the platform promising 8 percent in daily ROI. Affiliates get to earn 3 percent extra after luring 10 investors to sign up with this account.
It’s one of the top tier accounts with investors having to deposit $11,000 to a maximum of $20,000. The set minimum vesting period is 120 business days with a projected daily ROI of 10 percent.
Affiliates earn 5 percent after signing up 20 investors on this account.
The premier account of them all with the highest daily profit margin. You get to earn 15 percent daily ROI after vesting for a minimum of 150 days. The minimum deposit is $25,000 with no set maximum.
Affiliates earn bonuses and commissions after signing up more than 30 members on this plan.
At first, customers were convinced the platform works as they did get to withdraw the listed amount. The problem came when they requested a second withdrawal from the platform which was reversed.
These investors turned to social media to highlight their pain after leaving money on the table. It seems the platform allowed only partial withdrawal of the initial amount. And that’s probably the same thing happening with other investors.
One of the reasons we have to raise the red flag with catly.io is the guaranteed daily profit aspect of it. Even in staking, there’s no such thing as the platform doesn’t offer much in terms of sustainability.
Realistically, there’s no such thing as an investment platform guaranteeing daily ROI. If there were, all banks and lending institutions would be signing up to get profit from ROI. Sadly, that’s not the case.
After seeing the pain investors are going through with this platform, it’s clear to see why we have to air on the side of caution with Catly. Too many red flags and unrealistic profit margin claims are a reason to flag the platform.
The platform staking token is not found on the Blockchain network. There’s no way of knowing the token amount or even verifying the address. And that’s another reason why we believe Catly is a high risk investment platform.
For now, please stay away from the platform as chances are, Catly.io is a risky staking investment platform.
Note: Despite there being risks in staking, there are proven platforms offering realistic returns, and have been doing so for years. Go for tested investment platforms backed by the crypto community.
Please write to us if you have any queries or drop a comment.
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