DiamondMine

1036

2022.04.13

Disclaimer:

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Conclusion:

The DIAMONDMINE Smart-Contract found no vulnerabilities, no backdoors, and no scam scripts.

The code was tested with compatible compilers and simulated manually reviewed for all commonly known and specific vulnerabilities.

So, DIAMONDMINE Smart-Contract is safe for use in the Avalanche main network.

CRITICAL ISSUES (critical, high severity):                 0

HIGH ISSUES (high, medium severity):                      1

ERRORS, WARNINGS (medium, low severity):          0

OPTIMIZATION (low severity):                                     0

RECOMMENDATIONS (very low severity):                  0

 

High ISSUE

The system used is called ROI and must be considered HIGH-RISK.

Users' principal deposits cannot be withdrawn, users can get dividends and referral commission. Dividends are paid from deposits of other users. Do always invest with proper knowledge and investigation.

 

Independent description of the smart-contract functionality 

The DIAMONDMINE smart contract provides the opportunity to invest any amount in AVAX in the contract and get daily profit on investment if the contract balance has enough funds for payment.

  1. All dividends are calculated at the moment of request and available for withdrawal anytime

 

Launched Date: Apr-11-2022 07:00:31 PM +UTC

Contract Owners Fee

Deposit (BuyDiamonds) Fee:          6%

Withdraw (SellDiamonds) Fee:          6%

 

INVESTMENT PLAN

The basic interest rate on the initial date is approximately 5.3% daily.

  1. The daily rate will be changed based on the deposit and withdrawal of the other users.

 

Deposit (Buy Miner)

Users can buy miners by AVAX token. Miner price will be calculated at the time of deposit.

Miner Price Formula: Deposit amount / (Deposit amount + Contract Balance) * Market Diamonds

Miners will produce Diamonds and users can sell Diamonds to earn profit.

Miners will work forever and users can withdraw profit until the contract has enough balance.

 

Market Diamonds

It is an amount that will be defined in the initial of the contract and will be changed by deposit, withdrawal and compound.

  • The initial amount is: 108000000000
  • 20% of each deposit or compound will be added to “Market Diamonds”
  • The withdrawal amount will be added to “Market Diamonds”
  • An increase in the “Market Diamonds” will reduce the daily rate and increase sustainability

 

Withdraw (Sell Diamonds)

Users can sell Diamonds produced by the miners.

Withdraw amount (AVAX) Formula: user Diamonds / (user Diamonds + Market Diamonds) * Contract Balance

 

User Diamonds: each miner will produce one Diamond each second

  1. Miners produce Diamonds maximum of 12.5 days. Users should try to withdraw or compound their produced Diamonds. After withdrawal or compound, miners will start working again.
  2. Users can withdraw or compound many times without any limit

 

 

Compound (hatch Diamonds)

Users can compound their available Diamonds and buy more miners.

  1. Miner price will be calculated based on the mentioned formula in the deposit section and real-time numbers of market Diamonds and contract balance

 

Referral System (Match Bonus)

The contract pays a 12.5% referral commission over one level.

  1. The commission is 12.5% of the referral deposit or compound Diamonds
  2. The commission will be paid as Diamonds that users can withdraw or compound it
  3. Users can not use their wallet as a referral for themselves.