StarFarm

408

2022.05.12

Disclaimer:

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Conclusion:

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

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

So, STARFARM Smart-Contract is safe for use in the Binance Smart Chain 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Users' principal deposits cannot be withdrawn, users can get dividends and referral commission.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.

 

Compound Bonus

The minimum amount requires to activate the bonus can be changed by the owner. If the owner increases it to a very high amount, no one can use it and make the vulnerability the owner only uses it. Because it is about a 50% bonus it can be a vulnerability if limited to owner only.

 

Independent description of the smart-contract functionality 

The STARFARM smart contract provides the opportunity to invest any amount in BNB 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

 

Launch Date:

based on the audit date (May 12, 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 (buyEggs) Fee:             3%

Withdraw (harvest) Fee:             3%

 

INVESTMENT PLAN 

The basic interest rate based on the audit date is 9.31% 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 BNB token. Miner price will be calculated at the time of deposit.

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

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

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

 

Market Eggs

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: 86400000000
  • 20% of each deposit or compound will be added to “Market Eggs”
  • The withdrawal amount will be added to “Market Eggs”
  • An increase in the “Market Eggs” will reduce the daily rate and increase sustainability

 

Withdraw (harvest)

Users can sell eggs produced by the miners.

Withdraw amount (BNB) Formula: user eggs / (user eggs + Market Eggs) * Contract Balance

 

User eggs: each miner will produce one egg each second

  1. Miners produce eggs maximum of 10 days. users should try to withdraw or compound their produced eggs. After withdrawal or compound, miners will start working again.
  2. Users can withdraw or compound many times without any limit
  3. The user has a limit on selling her eggs if the time interval between user sales is:
  • less than 2 days, 20% of the harvestable amount will be reduced and the user can sell 80%.
  • more than 2 days, the user can sell all harvestable amounts.

 

 

 

Compound (hatch Eggs)

Users can compound their available eggs 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 eggs and contract balance.
  2. The user can increase the speed of egg compounding with the boost system by 30% or 50%.

 

 

Boost System

Users can collect miners 30% or 50% faster with Boost System.

  1. With every 0.5 BNB that the user buys Miner, he can activate his boost system for 1 days
    • For example, if a user deposit 5 BNB, the boost system will be activated for 10 days
  2. The end date of the boost system is extended only when the user buys a new miner.
  3. The owner can change the boost system percentage from 30% to 50% or vice versa.
  4. The owner can change the minimum buy amount required to activate the boost system.
    • The minimum default required amount is 0.02 BNB

 

Referral System (Match Bonus)

The contract pays a 13% referral commission over one level.

  1. The commission is 13% of the referral deposit or compound eggs
  2. The commission will be paid as eggs that users can withdraw or compound it
  3. Users can not use their wallet as a referral for themselves