ParamountStaker

973

2022.04.20

Disclaimer:

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Conclusion:

The PARAMOUNTSTAKER 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 PARAMOUNTSTAKER Smart-Contract is safe for use in the Avalanche main network.

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Users' principal deposits cannot be withdrawn, users can get dividends and referral commission.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 can stop the “emergencyWithdraw” function by changing the owners' wallets to a specific contract (a contract that does not accept receiving AVAX)

 

Independent description of the smart-contract functionality

The PARAMOUNTSTAKER smart contract provides the opportunity to invest any amount in AVAX (from 0.1 AVAX) in the contract and get a 112% to 564% 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 Every 8 hours or end of the plans
  • Each subsequent Deposit is kept separately in the contract, to maintain the payment amount for each Deposit.

 

Launch Date

based on the audit date (April 20, 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

Invest Fee:                           12%

Force Withdrawal:             17.5%

 

SIX INVESTMENT PLANS

Plans

Total Return

Daily Profit

Days

Auto Compound

Withdraw time

1

112%

8%

14

No

Every 8 hours

2

157%

7.5%

21

No

Every 8 hours

3

196%

7%

28

No

Every 8 hours

4

193%

8%

14

Yes

End of Plan

5

356%

7.5%

21

Yes

End of Plan

6

564%

7%

28

Yes

End of Plan

  • The minimum deposit amount is 0.1 AVAX
  • The maximum deposit amount is 100 AVAX
  • The maximum number of deposits is 100 per wallet
    • Users can make more deposits but it will not be calculated and will lose their deposit amount
    • Each withdrawal makes a new deposit via the auto-reinvest system. after 100 total deposits, the reinvested amount will not be calculated too
  • After the launch of the project, “Daily profit” will increase 0.02% every day for new deposits
    • The owner can reset the daily Profit
  • Users can do a withdrawal or reinvest every 8 hours

 

Withdraw Rules

  • The maximum Withdrawal amount is 33 AVAX
    • The rest of it can be withdrawn after 8 hours
  • Users can withdraw every 8 hours
  • 10% of each withdrawal amount will be reinvested automatically

 

 

Hold Bonus

Users can get an extra 0.2% daily every 24h if they did not withdraw

  • The maximum hold bonus is 2%

 

Insurance system

A second contract manages the insurance system

  • 2% of each withdrawal will be sent to the insurance contract
  • 17.5% of each force withdrawal will be sent to the insurance contract
  • If the main contract balance decreased to less than 30% of the highest contract balance amount in the last 7 days, the insurance contract balance will be returned to the main contract

 

Force Withdraw

Users can try a forced withdrawal before the end of the plan.

  • Force withdrawal is only for plans 4,5,6
  • 35% will be deducted as a penalty and 65% send to the user
    • 17.5% send to the owner
    • 17.5% send to the insurance contract
  • Force Withdraw operates for each deposit separately

 

Snooze

Users can extend their deposit duration and increase their total return

  • users can use the “snooze” function for one or all of their active deposits
  • users can use the “snooze” function after the end of a plan and before withdrawing it
  • they can increase the deposit duration between 1 to 7 days
  • the total return increases based on a compound formula

 

Referral System (Match Bonus)

The contract pays a 14% referral commission over 3 levels

  • Level 1:          8%
  • Level 2:          4%
  • Level 3:          2%

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.
  • If a user doesn’t have a valid referrer, the insurance contract will be set as his referrer.

 

Owner Privileges

The owner has the privilege of changing the owner’s wallets.