Binanex

Annotation 2021-04-08 195550
3.4 7 votes
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Conclusion:

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

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

So BINANEX Smart-Contract is safe for use in the Binance Smart Chain main network.

DISCLAIMER:

This audit is only to the Smart-Contract code at the specified address.

BINANEX:
https://bscscan.com/address/0x5Db9C1a9d1983069b9A3A3A60f7986892700494E#code

The audit makes no statements or warranties about the suitability or sustainability of the business model or regulatory regime for the business model. Do take in consideration that you are doing all financial actions & transactions at your own risk, especially if you are dealing with high-risk projects / Dapps.

CRITICAL ISSUES (critical, high severity): 1

Critical and harmful access for owners, user block ability, Bugs, and vulnerabilities that enable theft of funds, lock access to funds without possibility to restore it, or lead to any other loss of funds to be transferred to any party.

 

ERRORS, BUGS AND WARNINGS (medium, low severity): 0

Bugs can negatively affect the usability of a program, errors that can trigger a contract failure, Lack of necessary security precautions, other warnings for owners and users, warning codes that are valid code but the compiler thinks are suspicious.

 

OPTIMIZATION (low severity): 0

Methods to decrease the cost of transactions in Smart-Contract.

 

RECOMMENDATIONS (very low severity): 0

Hint and tips to improve contract functionality and trustworthiness.

 

Recommendations

1-Minter access (critical, high severity)

The token contract has a minter feature that accesses the owner to connect new contracts to token contract with mint access which can generate new tokens. These features can create a vulnerability to generate a lot of tokens by owners.

Note: usually owners use these features to connect different projects to one token contract but users should be aware and decide based on trust in owners

 

 

Independent description of the smart-contract functionality

The Binanex smart-contract provides the opportunity to invest any amount in BNB (from 0.01 BNB) in the contract and get a 200% return on investment if the contract balance has enough funds for payment.

 

  • Withdraw is available if the contract balance has enough funds for payment.
  • Dividends are paid from deposits of users.
  • All dividends are calculated at the moment of request and available for withdrawal at any time.
  • Each subsequent Deposit is kept separately in the contract, in order to maintain the payment amount for each Deposit.

 

Owners Fee

Promotion:   5%

Marketing:    5%

LIQUIDITY:    3%

 

INVESTMENT PLAN

200% return on every investment. The basic interest rate of 3% daily and plenty of diverse bonuses.

Notes:

  • The minimum deposit amount is 0.01 BNB
  • Users receive 100 BNX Tokens by spending each 1 BNB on deposit. This rate can be changed from 0 to 1000 by the owner

Basic interest

The basic interest of the contract is 3% every 24 hours

 

 

Hold Bonus

Users can get an extra 0.1% daily every 24h if you did not withdraw.

  • The maximum hold bonus is 100%.

 

Contract Bonus:

Each 100 BNB contract balance will give all users 0.1% daily.

  • The maximum contract bonus is 100% daily.
  • This bonus increases and decrease with the contract balance

 

VIP Bonus:

Each 10 BNB total deposit amount will give the user 0.1% daily.

  • THE maximum VIP bonus is 100% daily.

 

Refback Feature

Users can use this function to return from 0 to 100% of their referral amount to the user who has invested with his referral code.

 

Referral System (Match Bonus)

This contract paid a bonus based on the difference in referral levels

Level 1 2 3 4 5 6 7 8

Turnover

(BNB)

0 >30 >120 >500 >1000 >3000 >10000 >20000
Bonus (%) 5 7 9 11 14 16 18 20

 

  • User turnover is based on referral deposit amount in max 5 level deeps
  • Referral commission is equal to the difference between the bonus level of the user with his first downline user.
  • If a user is level 6 and his first downline is level 2, he earns a 9% referral amount
  • Referral should be an active user; it means referral address has at least one deposit
  • The referrer is specified once at the time of the first deposit with an active referral code and is assigned to the user without the possibility of changing. every subsequent deposit, the referrer will get his share.
  • The user cannot use his referral code for himself
  • If the user has not a valid referrer, the default owner address will be set as upline

 

Stake system

Users can stake BNX-LP tokens to earn BNX tokens. The LP token can be earned by adding liquidity to BNX BNB in Pancakeswap.

  • Users can stake and unstake any time they want
  • Based on the “MULTIPLIER” variable default value which is 3 stake system return 300% each day, it means users earn 3 BNX tokens each day by staking 1 BNX-LP token
  • MULTIPLIER variable can be changed by owners in range of 0 to 50
  • Users can withdraw rewards at any time
  • Hold bonus daily 1% and max is 100%
  • VIP bonus each 100 BNX-LP stake 1% bonus and max 1000%

 

BNX Token

Binanex Token is a BEP-20 token with the below information:

  • Contract address: 0x96Fa007ba70E3872227D33e023DE1E7e7a888cEe
  • Current audit time total supply: 1,000,000 tokens
  • Decimals: 18
  • Max possible supply: 100,000,000 BNX
  • 5,000,000 BNX token transfer to the owner at the construction of the token
  • In each transfer, 2% will be burned as a transaction fee, which causes a token price increase
  • The owner can exempt some addresses from the transaction fee. only contract type address can be exempted
  • Several contracts can access this token simultaneously and generate new tokens. the owner can give permission to new contracts

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