FyRiseMiners

1070

2022.04.19

Disclaimer:

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Conclusion:

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Users' principal deposits cannot be withdrawn, users can get dividends and referral commission.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

 

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

Launch Date

based on the audit date (April 19, 2022) the project is not launched yet. The owner has access to activate the project and the launch date is dependent on the owner's decision

 

Contract Owners Fee

Deposit (BuyBlocks) Fee:               2%

Withdraw (SellLands) Fee:            2%

 

 

INVESTMENT PLAN

The basic interest rate based on the audit date is 7.6% daily.

  • 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 Blocks

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

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

 

Market Blocks

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 Blocks”
  • The withdrawal amount will be added to “Market Blocks”
  • An increase in the “Market Blocks” will reduce the daily rate and increase sustainability

 

Withdraw (Sell Lands)

Users can sell Blocks produced by the miners.

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

 

User Blocks: each miner will produce one Block each second

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

Compound (hatch Blocks)

Users can compound their available Blocks and buy more miners.

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

 

 

Referral System (Match Bonus)

The contract pays a 13.5% referral commission over one level.

  1. The commission is 13.5% of the referral deposit or compound Blocks
  2. The commission will be paid as Blocks that users can withdraw or compound it
  3. Users can not use their wallet as a referral for themselves