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RugDoc Review
Medium Risk
Custom coded token
- ⚠️ No supplied token liquidity in any decentralized exchange
- ⚠️ Deposited MATICs are no longer retrievable unless PolySafe tokens are sold via the front-end staking site or directly thru the contract itself
- ✅ Supply capped in-code for 1,000,000 tokens
- Added in a custom single asset staking mechanism in the token contract, accepts MATIC or PolySafe tokens. Once MATIC or PolySafe is deposited in the contract, a user can mint or earn PolySafe tokens. The amount of PolySafe to be minted or earned depends on the timestamp you have deposited the MATIC or PolySafe in the contract.
- The contract computes a constant 2% rate of PolySafe rewards for MATIC deposits, 4% rate of PolySafe rewards for PolySafe deposits.
- 4% of the MATIC deposited goes to 3 specified addresses (total of 12% fee), most likely dev addresses
- Airdrops can be claimed if a user has satisfied the conditions of having at least 100 MATICs staked, have 5 or more referrals, and has not claimed within the past 7 days.
- PolySafe deposits are locked for 7 days from date of deposit.
- Referrals get 1-2% bonus rewards depending on how many were referred.
- Token is not using any price oracle for the MATIC pricing
- PolySafe tokens that can be sold are capped at 40,000 per day
- No transfer tax
- No reflection from tax rate
- No limit on transfers (anti-whale)
- 50,000 tokens are with the dev address and is declared for use on manual airdrops
Updated on 24 September 2021
*Paid Advertisement. Not financial advice. RugDoc is not responsible for the projects showcased here. DYOR and ape safu.
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Disclaimer: This is done with our best knowledge and effort, nothing can be known for certain – always DYOR and risk management. This is NOT financial advice. Use the information presented here to inform your own decisions. Referral links may be included on any outbound link.