Rating
Summary
This smart contract has been reviewed by George Stamp. After a thoughtful examination of its source code, George Stamp did not find any backdoors or vulnerabilities in its source code.
This is a yield farm that is branded as a BNB mining oilfield which rewards users through referrals massively, through a downline system (up to 10 downline referred wallets, each generates yield to the upline referral).
Users can stake through 4 different plans each with a different daily ROI and timelock.
Contract Details
Blockchain: BNB Smart Chain.
Coin: BNB.
Application type: ROI dApp.
Daily ROI: 4 different plans:
- 365 days timelock: 3.0% daily,
- 90 days timelock: 3.5% daily,
- 60 days timelock: 4.0% daily,
- 30 days timelock: 4.5% daily.
Referral rewards: generates the same yield as ROI down a tree of sub-referrals, up to 10 downline referrals.
Function signatures: https://pastebin.com/Znh7SuXQ
Downline users are considered as seeds in the application, likely. That means the ref of ref of ref… 10 times down the tree generates funds to the user.
Backdoors
George Stamp has not found any backdoor in this smart contract after a thoughtful review of its source code.
Owner Privileges
The first investor may only be the owner, giving it the benefit of the first position.
Fees
Deposit: 8% (not modifiable by owner).
Withdrawal: 0% (not modifiable by owner).
Complexity
This smart contract is fairly complex and has many interactions between wallets, referrals upline and downline.
It should be noted that this contract shares an odd resemblance with 10BNB’s smart contract: https://bscscan.com/address/0x554bAD4C32627F3386Bc7165b32e0F4AEBf81206#code and both projects / contracts claims that they are not forks.
Team Trust
The team is not known and they have no known past projects, but their community is active.
Other Risk
This is a yield farm that relies on funds invested to payout existing users. If the contract reaches $0 then investors will not be paid out anymore.
The downline system to generate yield from downline referrals can increase the APR significantly.
