Rating
Summary
This is an original contract that is inspired by My Diamond Team V2 project. Where the users can claim only once a day and there is a 2 days cut off for rewards accumulation. and 1 day action cooldown.
The contract pays 1.5% daily ROI up to 200% of your BUSD deposits. Deposits, reinvestments, and referrals boost investor returns. The principal cannot be withdrawn; however, pending bonuses and rewards can be withdrawn in BUSD.
Sample computation with compound limit reached and max rewards reached.
Ex. 100 BUSD Deposits x 5x Reinvests = 500 BUSD x 200% ROI = 1,000 BUSD.
Contract Details
Chain : BSC
Token : BUSD (0xe9e7CEA3DedcA5984780Bafc599bD69ADd087D56)
Dapp Type : ROI DAPP
Daily ROI Percent : 1.5%.
Referral Percentage : 2% referral commission. The referral commission can be compounded with 0% or be claimed with imposed 30% Tax. fees will stay in the contract.
Minimum Deposit : None
Maximum Deposit : None
Reward Accumulation Cut Off : 48 hours.
Action Cooldown : 24 hours.
Backdoors
The contract is upgradeable meaning that they have full control and can change every function's behavior. The team/owner behind the project is KYC'ed.
Owner Privileges
The contract is upgradeable meaning that they have full control and can change every function's behavior but the team/owner behind the project is KYC'ed.
Fees
There is a 7% Tax on all Deposits which will be paid by the contract. (5% will be used to buy $BANDIT, 2% will be distributed for Referral Commissions)
There is a 10% Tax on Claims. 2% for $BANDIT Buyback , 8% for the rewards pool.
Complexity
This smart contract is fairly complex but it is to be noted that the contract is upgradeable so functions behavior can be changed by the developer of the project.
Team Trust
the team is from the bandit project. KYC'ed https://assuredefi.com/projects/the-bandit-project/
Other Risk
This is a high-risk, high-reward game. The contract will continue to pay investors as long as there are funds on the contract. Once the contract balance hits zero, the contract will stop paying.
