You trade simulated capital against recorded oracle prices, and what you earn is settled on chain in USDT.
Trading is simulated throughout: no order reaches a venue, no position sits in a market, and we manage no client funds. That is the point — you risk a fee, never a balance.
The fee buys an assessment against the rulebook on this site, scored by an engine whose verdict you can replay and check yourself against the same prices we recorded. It is not an investment, not a security, and not a share of any enterprise: a payout rewards how you performed, not capital you put up.
Cats.fund is not a broker, takes no deposits, and is authorised by no financial regulator. Nothing here is financial advice, a promise of profit, or a guarantee of performance, and nothing here is an offer in any jurisdiction where such an offer would be unlawful.
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