*Paid Advertisement. Not financial advice. RugDoc is not responsible for the projects showcased here. DYOR and ape safu.
RugDoc Review
Project that has been around since January 2021 and bridges Bitcoin mining to a hash rate derivative DeFi protocol in Binance Smart Chain. Their token can be used in staking for a share of the Bitcoin mining rewards depending on the token’s underlying hash rate equivalent. Bitcoin mining rewards are gained from cloud mining services of several mining pools such as Atlas Mining, Btc.Top, Easy2Mine, Genesis Mining and Hengjia Group (according to several articles). It’s also worth noting that their contracts are all under an admin upgradeable proxy where the contract implementation can be upgraded into anything.
This is a complex project. However, external auditors confirmed most contracts behind proxy, most Btcst held by developer, there is a backdoor transfer function found in Btcst contract and it is unclear whether user funds will be in it.
*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.