Rating
Summary
This project is a fork of wealth mountain with 10% fees on deposit and dividends. unstaking fees will stay in the contract and referral bonuses can be staked/compounded and withdrawn. Daily rate starts at 1% up to 8% depending on the days staked.
This is the version 2 of their golden sea project. the code is fairly similar with added structure libraries and added parameters for records purposes. see diff checker comparison here: https://www.diffchecker.com/wsMF5bjU
Contract Details
Chain: BNB
Token : BUSD (0xe9e7CEA3DedcA5984780Bafc599bD69ADd087D56)
Dapp Type: ROI DAPP
Daily ROI:1% to 8% - depends on the staked plan.
stake days 0 to 10 days - 1% Daily yield
stake days 10 to 20 - 2% daily yield
stake days 20 to 30 - 3% daily yield
stake days 30 to 40 - 4% daily yield
stake days 50 days above the daily yield is fixed to 8%
Referral Percentage: 1 level, 6% of referral bonus, 3% commission Level. If a referral link was used by a user, the referrer will get 3% Bonus. Next Referral comission will be 1.5%, 1% but goes back to 1.5%.
Referral bonuses can be withdrawn or staked/compounded which is considered a new deposit. Referral/Promotion Bonus must be at least 10.(The value is not in ether so it even less than 1 BUSD can be compounded.)
Referrals will be activated to the user once they invested.
Redeem/Withdraw Initial Fees(Unstake Fees)
stake days 0 to 10 days - 10% Daily yield
stake days 10 to 20 - 8% daily yield
stake days 20 to 30 - 6% daily yield
stake days 30 to 40 - 4% daily yield
stake days 50 days above the daily yield is fixed to 2%
Minimum deposit when interacting with the site is 10 BUSD, But in the contract there is no minimum deposit required.
Backdoors
There are no backdoor methods that withdraw funds to a non-investor wallet
Owner Privileges
The contract will start depending on the timestamp set within the contract.
The owner has the ability to change the owner address.
The owner can renounce ownership.
Fees
Deposit fees:10%
Withdraw fees:0%
Complexity
This smart contract is fairly complex and has no flexibility by the owner.
Team Trust
The team has already released 1 project Golden Sea 1. The telegram group is huge but not a lot of interaction. The team also added 40k BUSD initial liquidity into the contract. https://bscscan.com/address/0x6Ea8Fdd43E8B7378eA2B59F082b3959fCF1C7F6b#tokentxns
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. unstake function can cause the TVL to quickly go down to 0. But it is noted on their site that the project will be used for high-return investments to subsidize project dividends.
