Rating
Summary
This smart contract has been reviewed by George Stamp and found no backdoor code, and the owners privilege is to only set the max ROI Boost, The contract will start based on timeblock so no need for manual start. There is no malicious code that allows the owner (or other) to withdraw all funds from the smart contract.
The new marketEggs formula appears to be safe, but this is the first time that this formula has been used in a project it has not been tested to the extent that the old distribution formula has been tested.(see complexity)
This contract is deemed SAFE for investing, with the disclaimer that this is a ROI miner application where the users investments cannot be withdrawn, and the user earns their funds back through withdrawing investment interest.
This is a code is the exact copy of Garden Elysium by Meta Miners.
See Code Comparison here: https://www.diffchecker.com/VB2ZOIpa
Contract Details
Chain : BNB
Token : BNB
Dapp Type : ROI Miner, with compound cooldown and reward accumulation cut off
Daily ROI Percent : 4-48% Daily (depending on the global bonus and personal bonus) (not modifiable by owner)
Referral Percentage : 1 Level, 2% (not modifiable by owner)
Minimum Deposit : 0.5 BNB per wallet (not modifiable by owner)
Maximum Deposit : 2000 BNB per wallet (excluding compounds) (not modifiable by owner)
ROI_COMPOUND_BONUS : Every User compound adds 3.4% for his personal ROI Boost which has a max 200%
ROI_SELL_PENALTY: Every Sell action ROI Boost decreases 50%
Compound Timer : 8 hours (not modifiable by owner)
Reward Accumulation Cut Off : 48 hours (not modifiable by owner)
Backdoors
There are no backdoor methods that withdraw funds to a non investor wallet
Owner Privileges
setROIboost - set the ROIboost value to min of 1 and max of 3.
Fees
Deposit : 8% (not modifiable by owner)
Withdraw : 8% (not modifiable by owner)
Breakdown of fees:
• 8% going to taxCollector Address
16% combined fees, above average dev fee.
Complexity
The contract contains a new computation of daily yield which is based on user ROI Boost, both personal and global, Personal ROI Boost decreases 50% everytime user withdraw profit, also, balance is being computed depending on which comes lower between the total withdrawn amount or the total staked amount which is also the basis of computing the eggs that will be given to the user. This formula and approach has not been used for many projects so only time will tell how it will perform.
Team Trust
The team has a small community and this seems to be the first project they will release.
Other Risk
Considering the complexity of the contract, at the end of the day, This is still an ROI Dapp that relies on funds invested to payout existing users. if the contract reaches $0 investors will not be paid out.
