Cointiply is a ponzi style faucet only it is exploiting users time and effort to click the ads and do endless survey which they get paid for by the ads company. Any faucet which offers their own type of coins which is not listed in exchanges is a ponzi scheme. To list a coin on any exchange you need to pay a fee, generally the more volume an exchange transacted the more expensive the fees is to list a coin.
Right now what Cointiply is actually doing is printing money out of thin air, and their version of money is Coins which is not listed in any exchanges. Now one would say their coins is pegged to the USD but the real meaning of a peg currency is that you have to proof that you have that amount of money stashed aside to pay everyone if they decided to cash out. Which Cointiply obviously cant hence the increase in withdrawal amount is now 100k coins. The 5% is to fool people into keeping their coins and not withdrawing.
Problem with faucets who do not pay you on the spot, have a high withdrawal limit or have their own version of coins is there often create a big negative balance. In accounting terms negative balance means that you now owe somebody money or instead. Now what really happens when a coin is peg is when the bitcoin drops in value it would create a chain effect meaning now the faucets will have to pay more bitcoin compared to when the price was high. Very few faucet owners employ provisioning as strategy and often take too much for themselves to spend and when the price of bitcoin fluctuate they get caught in the flow of the current and unable to keep up.
Cointiply does not have a selling product, nor does it have a good track records to back them up.They started in 2018 and its a fairly new site with tons of promotion. One must understand the more promotion any entity does it only means that is never a promotion. Their terms and condition on their site might make them look genuine but in reality if they were to suddenly disappear into thin air those terms and condition would mean nothing. Genuine and reputable faucets with good track records do not need to do massive promotion because they already gain that over time and through their referral databases. In the crypto world there is nothing else for us to work with besides track records to judge someone legitimacy.
What they are doing now is creating a hype about free coins just by chatting to attract users, and they will tell you that only by clicking their ads and completing surveys and chatting would one be entitled for what they call Rain chat bonus which seemingly to most is free coins. So in a way they are printing more Coins which is to attract and pay user, while more and more people flock in under the pretence of free money and click those ads and surveys. Nothing is ever free and the sooner everyone figure that out the sooner they stop making people running ponzi style faucets rich.
Why do I call it a ponzi, well because the sooner you get out of it, the safer you are. In a ponzi scheme the first one in and the last one out has the most to loose. Those who went in early and left early makes some profit and those who went in late and is the last one out looses everything.