MountainMinerUSDC

CRITICAL ISSUES	(Critical, high severity)	0
HIGH ISSUES	(High, medium severity)	2
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Users' principal deposits cannot be withdrawn, users can get dividends and referral commission.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.

 

owner privileges

The owner has several permissions that can change the way the project progresses.

• The owner can set the market changes percentage from 20% to 100%
• The owner can set the withdrawal tax from 0% to 70%
• The owner can set the compound bonus from 0.1% to 3%
• The owner can set the compound bonus max time from 6 to 10
• The owner can set the compound duration from 0 hour to 24 hours
• The owner can set the lifespan of the miners to produce ores from 1 day upwards
• The owner can change the maximum sell amount from 500 USDC upwards
• The owner can change the minimum deposit amount from 0 USDC to 10 USDC
• The owner can set the compound count of the user for no withdrawal tax from 0 to 12
• the owner can change the ROI map (it affects the daily rate):
  • can change level 1 amount from 0 USDC to 100,000 USDC
  • can change level 2 amount from 0 USDC to 500,000 USDC
  • can change level 3 amount from 0 USDC to 1,000,000 USDC
  • can change level 4 amount from 0 USDC to 5,000,000 USDC
  • can change level 5 amount from 0 USDC to 10,000,000 USDC
• the owner can change the owner's wallet (it doesn't affect deposit, withdraw and compound)

 

Independent description of the smart-contract functionality 

The MOUNTAINMINERUSDC smart contract provides the opportunity to invest any amount of USDC (from 1 USDC) in the contract and get daily profit on investment if the contract balance has enough funds for payment.

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

 

 

Launch Date:

based on the audit date (May 25, 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 (buySpaceShuttles) Fee:             3%

Withdraw (sellOres) Fee:                         3%

 

 

INVESTMENT PLAN

The basic interest rate based on the audit date is 4.66% daily.

5. The daily rate will be changed based on the deposit and withdrawal of the other users.
5. The minimum deposit amount is 1 USDC

Contract balance affects the daily rate:

level	Daily rate	Contract balance (X)
1	4.70%	X < 50,000 USDC
2	5.13%	50,000 USDC ≤ X < 100,000 USDC
3	5.65%	100,000 USDC ≤ X < 500,000 USDC
4	6.16%	500,000 USDC ≤ X < 1,000,000 USDC
5	6.77%	1,000,000 USDC ≤ X < 5,000,000 USDC
6	7.13%	5,000,000 USDC ≤ X

 

Deposit (buy Space Shuttles)

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

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

Miners will produce Ores and users can sell Ores to earn a profit.

 

 

Market Ores

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: 144000000000
• 50% of each deposit, withdrawal, and compound will be added to “Market Ores”
• An increase in the “Market Ores” will reduce the daily rate and increase sustainability

 

Withdraw (SellOres)

Users can sell Ores produced by the miners.

Withdraw amount (USDC) Formula: user Ores / (user Ores + Market Ores) * Contract Balance

Withdraw Rules:

• If the compound count of the user is less than 10
  • 70% of the amount will be returned to the contract
  • 29.1% will be paid to the user
  • 0.9% will be paid to the owner
• if the compound count of the user is equal to or greater than 10
  • 97% will be paid to the user
  • 3% will be paid to the owner
  • the compound count becomes zero again

 

User Ores: each miner will produce one Ores each second

5. Miners produce Ores maximum of 2 days.
   • users should try to withdraw or compound their produced Ores. After withdrawal or compound, miners will start working again.
5. Users can sell many times without any limit
5. The maximum sell amount is 1000 USDC
5. if the contract balance is less than the user's withdrawable amount, the balance of the contract will be paid to the user, and the contract will buy craft automatically with the rest amount.
5. if the maximum sell amount is less than the user's withdrawable amount, the maximum sell amount will be paid to the user, and the contract will buy craft automatically with the rest amount.

 

 

Compound (buy More Space Shuttles)

Users can compound their available Ores and buy more miners.

5. Miner price will be calculated based on the mentioned formula in the deposit section and real-time numbers of market Ores and contract balance
5. the contract has a 0.5% compound bonus
5. user can compound every 12 hours
5. in every compound, the compound count will be increased by 1, and the compound bonus increases by 0.5%.

 

Referral System (Match Bonus)

The contract pays a 3% referral commission over one level.

5. The commission is 3% of the deposit amount
5. The commission will be paid directly to the user
5. Users can not use their wallet as a referral for themselves