ChronoStake
Identified risky by Red Alarm
Stake, earn and relax with ChronoStake.
Risk Detail
Transparency Issues
The project doesn't seem to have any investments or partnerships.
The project team is a nonymous to the public.
The project lacks of documentation and whitepaper.
The project doesn't have an audit report.
The project team is a nonymous to the public.
The project lacks of documentation and whitepaper.
The project doesn't have an audit report.
Centralization Risk
Contract 0x94ec0789eec7fbec60effc736482eff90c3d09ee is owned by EOA 0x79108d0BD06AdB841beda17995A8950DBCC0d2A9. Owner can pause/unpause contract, restrict user withdrawals, manage staking plans and also transfer any token out of current contract, regardles if its "staked" or not. "Staking" is achieved by users transferring their funds directly into this contract.
Ponzi Scam
The project offers very high APY, as per the website, for example: 6.5% daily, 7.8% daily, 10.7% daily. The code does not seem to support any earning mechanics, but the user can withdraw the funds after the stake period. If the protocol do not fund the high APY itself, then the funds will come from newly coming users, which may resemble a ponzi scheme.
Transparency Issues
The protocol suggests it offers various chain staking, but it is deployed on BNB and all the "plans" direct user to the same smart contract deployed on BNB despite being promoted with other networks names such as Polygon, Ethereum, Solana, Near.
Audit
DappBay Red Alarm
Risk Level
High Risk
List Time
Jun, 23, 2023
Chain
BNB Smart Chain