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reflect-doge-rflctmine

Reflect Doge RFLCTMINE

Identified risky by Red Alarm

100% Decentralized 10% Daily

High Risk

2 IssuesDetected

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Risk Detail

Transparency Issues

The project team is anonymous to the public.
The project lacks of documentation and whitepapers.

Ponzi Scam

High fixed APY.
User is unable to withdraw its initial deposit, no such function is found in the contract.
User can introduce referrers (develop downline) to earn rewards (dividends).
Use later comers’ money to pay the early participants.
In its smart contract RFLCTMINE, the project side earns fees through more pool funds. When the user buys in by calling the deposit() method and sells out by calling chaim() method, it will charge 10% for the devFee.

Audit

DappBay Red Alarm

Risk Level

High Risk

List Time

Feb, 20, 2023

Chain

BNB Smart Chain

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