Rating
Summary
This is a ROI style dApp that is a modified avarice fork with an additional lottery feature.
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many privileges in the contract, disclaimer that this is a ROI type application where the users investments cannot be withdrawn, and the user earns their funds back through withdrawing investment interest.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 BUSD, and in return each day they will be allocated dMOUNT tokens. The dMOUNT allocated is (Allocated dMOUNT) / Total BUSDdeposits * 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). staking duration starts between 21 days and 300 days.
- Marketplace - This allows user to trade (buy/sell) their stakes, or to lend (lend/loan) their stakes to other users.
Lending is guaranteed and backed by stakes provided as collateral : LoanRequest + Interest < AccruedDividends
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 BUSD 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 : BSC
Token : BUSD
DAPP Type : Avarice Fork (Which is also a fork from a famous protocol in TRON Network)
ROI Percent : Dynamic based on the total BUSD Staked, longer duration means higher payout percentage.
Referrals : 3% via dMOUNT 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 the user asks to withdraw loaned funds.
withdrawSoldStakeFunds() - when user wants to withdraw funds from sold stakes.
Backdoors
The project owner can token mint (3,000,000 tokens) will be transferred to the his address.
Token Allocation:
2'000'000 dMOUNT tokens was allocated for 2 private sale rounds.
The first private presale round has raised 13,700 BUSD with
RATIO: 1 BUSD per 50 dMOUNT
50% of the raised funds in the presale are going towards the treasury and the remaining 50% towards marketing.
The remaining 1'000'000 is reserved for an allocation towards a jackpot spinning wheel which will be implemented to the front end
The team does not keep or stake any tokens.
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(teamAddr1,teamAddr2,teamAddr3,teamAddr4,teamAddr5,teamAddr6.)
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
Fees
These fees are higher than usual
12%
OWNER WALLET: 3.25%
DEVELOPMENT FUND: 3.25 (TEAM1)
MARKETING: 3% (TEAM2)
TEAM3: 0.7%
TEAM4: 0.5%
TEAM5: 0.3%
VAULT WALLET - 33% of the total deposits are pledged to be used for outside investments to generate more yield and support the project's contract.
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.
The Owner has KYC'd with an external third party.
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. But as pledged the team will use part of the TVL to generate more yield for its investors by investing the funds from
