DeMountain

Rating

Overall Score
72
 
 
 
Backdoors
90
Owner Privileges
50
Fees
60
Complexity
70
Team Trust
80
Other Risk
80
 
 
 
 
 
Higher score is always better

Summary

This is a ROI style dApp that is a fork of Avarice Token.

The contract configuration is flexible by the owner (See Owner Privileges).
Invest with high precaution as the contract has many privileges in the contract, disclaimer that this is a ROI type application where the users investments cannot be withdrawn, and the user earns their funds back through withdrawing investment interest.

There are 3 main areas to interact with in the dApp
- Auction - This allows user to invest MATIC, and in return each day they will be allocated MOUNT tokens. The MOUNT allocated is (Daily Allocated MOUNT) / Total Matic deposits * User Deposits.
- Stake - At the end of each Auction day, the user can collect their tokens from the Auction and stake them for rewards (longer stake is more rewards). 1 - 300 days.
- Marketplace - This allows user to trade (buy/sell) their stakes, or to lend (lend/loan) their stakes to other users.

A Lottery system has also been included, 0.5% of lobby entry will be added to the lottery pool, and 30% of the pot will be sent to the winning address which will be paid every 7th day. The winner is the person who put the most MATIC in the lobby last day, and the input value of that person must be greater than the input value of the previous winner.

Contract Details

Chain : Polygon
Token : MATIC (Native chain token)
DAPP Type : Avarice Fork (Which is also a fork from a famous protocol in TRON Network)
ROI Percent : Dynamic based on the total MATIC Staked, longer duration means higher payout percentage.

Referrals : 3% via Mount Tokens and 1.5% to the referee.
sellStakeRequest - triggers the token sell.
CancelStakeForLoan - this cancels the staking when user sell stake token.
exitLobby - day of lobby to collect
endStake - collecting stake by stake ID.
withdrawLoanedFunds() - when user asks to withdraw loaned funds.
withdrawSoldStakeFunds() - when user wants to withdraw funds from sold stakes.

Backdoors

The user has the ability to flush all matic in the lottery. but not the total stake matic in the contract.

Owner Privileges

The project owner can token mint (3,000,000 tokens) will be transferred to the his address.
The project owner can change the wallet addresses from which receives taxes to any other address(paramountTeamAddr1 ,paramountTeamAddr2 ,paramountTeamAddr3 ,paramountTeamAddr4.
The project owner activate/deactivate the lending system with no restrictions.
The project owner can enable/disable users to enter the lobby using stake profit.
The project owner can activate/deactivate the buying and selling a stake
The project owner can flush all MATIC in the Lottery pool without restrictions.

Fees

These fees are lower than usual

Lobby Entry: 8%
• 2% paramountTeamAddr1 Wallet
• 2% paramountTeamAddr2 Wallet
• 2% paramountTeamAddr3 Wallet
• 2% paramountTeamAddr4 Wallet

Buy Stake :2%
• 2% paramountTeamAddr1 Wallet

Sold Funds Withdraw :2%
• 2% paramountTeamAddr1 Wallet

Complexity

This contract is fairly complex and involves multiple methods. This is a fork of an existing "tried and tested" application.

Team Trust

The team has launched multiple successful ongoing projects under the Paramount brand.
The project owner and George Stamp auditors are engaging, the team has released other projects from the past.

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.

Disclaimer

This contract has been audited by a human.
Only invest what you can afford to lose.
DYOR - Do your own research