Does this looks to you like a scam?

I don't know if I am posting this in the right sub, so I apologize in advance for that and feel free to tell me where it would be better to post this.

Anyway, this in the screenshot is an app called Erdo where you apparently earn money on a daily basis by pushing the start button 4x, and your USDC funds grow because AI is trading for you (I don't understand too much about crypto trading and such). One of my friends entered this through one of his friends who told him that he recouped all his investments and earned more, but to me, this looks suspicious. You also need to invite new people to advance to a higher VIP level so your earning percentage gets bigger. This Erdo app apparently has been on the market since 2021. I would like to hear opinions from someone experienced.