F1RACE

422

2022.05.24

Disclaimer:

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Conclusion:

The F1RACE 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 F1RACE Smart-Contract is safe for use on the Binance Smart Chain main network.

 

 

CRITICAL ISSUES

(Critical, high severity)

0

HIGH ISSUES

(High, medium severity)

1

ERRORS, WARNINGS

(Medium, low severity)

0

OPTIMIZATION

(Low severity)

1

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Users' principal deposits cannot be withdrawn, users can get dividends and referral commission.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.

 

Optimization suggestions

Loop on the dynamic variable (low severity).

If the user gets more parallel deposits his withdrawal transaction going to cost more transaction fee because the loop on the dynamic variable is used in the ‘withdraw’ function.

In case exceeding the GAS limit of the size of the transaction, withdrawal is not possible.

Note:

This comment is relevant only if a user creates an excessive number of parallel deposits (more than 100).

 

Independent description of the smart-contract functionality

The F1RACE smart contract provides the opportunity to invest any amount in BNB (from 0.05 BNB) in the contract and get a 112% to 364% return on investment between 14 to 28 days if the contract balance has enough funds for payment.

  • All dividends are calculated at the moment of request and available for withdrawal anytime or based on each plan withdraw limit time
  • Each subsequent Deposit is kept separately in the contract, to maintain the payment amount for each Deposit.

 

Launch Date: Wed June 01 2022 19:00:00 GMT+0000

 

 

Contract Owners Fee

Invest Fee:                  5%

 

 

EIGHT INVESTMENT PLANS

Plans

Total Return

Daily Profit

Days

Withdraw time

Withdraw Fee

1

112%

8%

14

Any Time

10%

2

126%

6%

21

Any Time

10%

3

151.2%

5.4%

28

Any Time

10%

4

120.4%

8.6%

14

Every 6 hours

10%

5

159.6%

7.6%

21

Every 12 hours

10%

6

210%

7.5%

28

Every day

10%

7

268.8%

9.6%

28

Every 4 days

10%

8

364%

13%

28

Every 7 days

10%

  • The minimum deposit amount is 0.05 BNB
  • The “Withdraw Fee” will be deducted from the withdrawable amount and remain in the contract, the rest sent to the user's wallet
  • After the launch of the project, “Daily profit” will increase 1% every day for new deposits
  • In each withdrawal:
    • 10% will remain in the contract
    • 90% will be paid to the user

 

Hold Bonus

Users will receive a 0.1% daily profit bonus on holding dividends and do not withdraw

  • Max hold bonus is 1.5%

 

Referral System (Match Bonus)

The contract pays a 10% referral commission over 5 levels. Users should have a minimum total deposit to activate referral levels.

  • The owner can activate levels for an address and remove min requirement for that address

Level

Commission

Min Total Deposits

1

5%

0.05 BNB

2

2.5%

0.2 BNB

3

1.5%

0.5 BNB

4

0.5%

1.5 BNB

5

0.5%

2.5 BNB

 

Notes:

  • Referral should be an active user; it means the referral address has at least one deposit
  • The referrer is specified once at the time of the first deposit and is assigned to the user without the possibility of changing. From each subsequent Deposit, the referrer will get his percentage
  • The referral commission will be sent directly to the user wallets

 

Extra Referral Bonus

The owner has the privilege to activate the “Extra Bonus” system for some of the users

  • Users will receive between 0% to 5% more referral commission on their direct referrals
  • The owner can activate and deactivate the “Extra Bonus” system for each user
  • The referral commission will be sent directly to the user wallets