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rewards-capital

Reward Capital

Identified risky by Red Alarm

Earn passive rewards on investments using the power of AI.

High Risk

4 IssuesDetected

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Risk Detail

Ponzi Scam

The project is offering unrealistically high interest rates and is likely to be a ponzi/scam.
The project offers unrealistically high APY (4.5% daily).
The contract does not have any earning mechanism and the user's rewards are paid directly from the contract balance. Users will keep earning rewards, which are withdrawable, but if there is no external funding, these rewards will be deducted off the funds already deposited by users to the contract, unless an external source of funding is provided.
Additionally, this is possible because all users' deposits are locked for fixed periods of 45 days. Users cannot get their funds back before that time passes.

Transparency Issues

The project team is anonymous to the public.
The project doesn't seem to have any investments or partnerships.
The project doesn't have an audit report.

Centralization Risk

Owner of contract 0x5C59D534b4c1e6992645C4041815CAa9881Eb00F is EOA 0x7B6482F5FAe63Ea84dB2165fac829bdC99d4702c. The owner can directly and immediately withdraw all funds from the contract.

Backdoor Functions

The owner can directly and immediately withdraw all funds from the contract using function withdrawForBotTrade(). All other withdrawals are subject to a 45-day lockout period.

Audit

DappBay Red Alarm

Risk Level

High Risk

List Time

Jul, 07, 2023

Chain

BNB Smart Chain

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