[ANN] Reflect.Finance - RFI | Frictionless Yield Generation. Hold and Earn.

[pankoim]

As DeFi participan people has many problems like price and market risk, trust related risk, security risk and others. Reflect (RFI) tried to find solution for each of this problem

[JooBra]

As DeFi participan people has many problems like price and market risk, trust related risk, security risk and others. Reflect (RFI) tried to find solution for each of this problem

What you said sounds interesting. I will keep an a eye on it. It looks like something that will come will come in hand for a lot of people.

[holydarkness]

So uhh, the scheme roughly goes like this: 1% of each transaction is set as a transaction fee, which 99% of them will be distributed to each token holders, and 1% of that (on other words, 1% of 1% of every transaction) will be burned. Thus, the burning rate is 0.01% of every transaction?

0.047% and growing

Ok, but the percentage of burned token were from the 1% transaction fee, right? Wouldn't that mean the more it grow, the less amount of token a holder will get?

[MaGNeT]

Nice recovery

[holydarkness]

So uhh, the scheme roughly goes like this: 1% of each transaction is set as a transaction fee, which 99% of them will be distributed to each token holders, and 1% of that (on other words, 1% of 1% of every transaction) will be burned. Thus, the burning rate is 0.01% of every transaction?

0.047% and growing

Ok, but the percentage of burned token were from the 1% transaction fee, right? Wouldn't that mean the more it grow, the less amount of token a holder will get?

The size of the black hole doesn't affect the amount of fees you receive for holding a fixed amount of coins. It only affects the amount of coins in circulation, that decreases after every trade or transaction.

If you hold 10,000 RFI it's always 0.1% of the total 10,000,000 RFI, so you will always receive 1 RFI for every 100,000 RFI that are traded or transfered.

Ofcourse your stake will grow too, compounding to it, but I didn't take that into account to keep it simple

I don't think I get the number for blackhole. The RFI distributed from the entire tx fee were divided proportionally to each holder according to the amount they hold, correct? If we may use easy number, let's say there were only 2 holders of RFI, 2,000 RFI and 8,000 RFI. So A will be entitled to 20% of stake and B, 80%. Suppose there were 100 RFI transferred or traded, this will brings us to a situation where A will be entitled to 20 RFI and B 80 RFI, am I correct this far?  Where is the allocation for blackhole, then?

P.s.: ad yes, I agree, the graph shows a nice recovery

[Turing]

So uhh, the scheme roughly goes like this: 1% of each transaction is set as a transaction fee, which 99% of them will be distributed to each token holders, and 1% of that (on other words, 1% of 1% of every transaction) will be burned. Thus, the burning rate is 0.01% of every transaction?

0.047% and growing

Ok, but the percentage of burned token were from the 1% transaction fee, right? Wouldn't that mean the more it grow, the less amount of token a holder will get?

The size of the black hole doesn't affect the amount of fees you receive for holding a fixed amount of coins. It only affects the amount of coins in circulation, that decreases after every trade or transaction.

If you hold 10,000 RFI it's always 0.1% of the total 10,000,000 RFI, so you will always receive 1 RFI for every 100,000 RFI that are traded or transfered.

Ofcourse your stake will grow too, compounding to it, but I didn't take that into account to keep it simple

I don't think I get the number for blackhole. The RFI distributed from the entire tx fee were divided proportionally to each holder according to the amount they hold, correct? If we may use easy number, let's say there were only 2 holders of RFI, 2,000 RFI and 8,000 RFI. So A will be entitled to 20% of stake and B, 80%. Suppose there were 100 RFI transferred or traded, this will brings us to a situation where A will be entitled to 20 RFI and B 80 RFI, am I correct this far?  Where is the allocation for blackhole, then?

The black hole is a "holder" too, there's just no known private key to recover the coins.

[holydarkness]

Black hole is a "holder" too, there's just no known private key to recover the coins.

Ok, now it made sense, so the blackhole were considered as a holder that's entitled to a share, and the number of tokens burned (or sucked by blackhole, for the sake of the theme) that grew, were the result of compounding done by the said wallet.

[MaGNeT]

source -> https://t.me/TheCannabisCommunity

A small but unexpected update on the first integration of RFI, more to follow:

[MaGNeT]

It's the day of integrations for RFI, it seems

source -> https://twitter.com/rgtglobal/status/1333852321655218181

[naaktslak5]

nice! good for the volume.

[Turing]

https://etherscan.io/token/0xa1afffe3f4d611d252010e3eaf6f4d77088b0cd7?a=0x000000000000000000000000000000000000dead

The black hole already holds 4.77% of all the RFI in circulation and close to 720,000 RFI in fees has been redistributed to RFI holders!

And we're only ~11 days old  

The evil black hole consumed another 4,000 RFI today, now holding 4.81% of all RFI.

[kurchuney]

RFI token has only 1% fee to each transaction and instantly splitting that fee among all holders of the token, I think it is very convenient

[no2kuzmy]

It's very convenient that fees are awarded by the smart contract and are immediately reflected in the holders balance. Holders don't need to wait for it

[naaktslak5]

The yield in fees for the first week is ~ 5.85% for your total stake in RFI.

So if you held 1,000 RFI for 1 week, you would now have 1,058.5 RFI and that keeps compounding.

This 5.85% depends on the amount and size of RFI transactions,
so in the near future, with an increase in transactions, this can go up even higher.

How much is the yield for the second week?

[Turing]

The yield in fees for the first week is ~ 5.85% for your total stake in RFI.

So if you held 1,000 RFI for 1 week, you would now have 1,058.5 RFI and that keeps compounding.

This 5.85% depends on the amount and size of RFI transactions,
so in the near future, with an increase in transactions, this can go up even higher.

How much is the yield for the second week?

Didn't make the calculation for the second week but it should be ~ 0.4% per day based on what I read in the Telegram group.

Price is at $0.45 range, up 450% from $0.10 last weekend so in $ it's going even faster.

Current price: https://reflect.blockpour.com/trades

[naaktslak5]

The yield in fees for the first week is ~ 5.85% for your total stake in RFI.

So if you held 1,000 RFI for 1 week, you would now have 1,058.5 RFI and that keeps compounding.

This 5.85% depends on the amount and size of RFI transactions,
so in the near future, with an increase in transactions, this can go up even higher.

How much is the yield for the second week?

Didn't make the calculation for the second week but it should be ~ 0.4% per day based on what I read in the Telegram group.

Price is at $0.45 range, up 450% from $0.10 last weekend so in $ it's going even faster.

Current price: https://reflect.blockpour.com/trades

People are making a dashboard (not launched yet) thats calculating RFI profits, looks pretty cool. But im wondering is it safe to login with ur metamask?

[MaGNeT]

The yield in fees for the first week is ~ 5.85% for your total stake in RFI.

So if you held 1,000 RFI for 1 week, you would now have 1,058.5 RFI and that keeps compounding.

This 5.85% depends on the amount and size of RFI transactions,
so in the near future, with an increase in transactions, this can go up even higher.

How much is the yield for the second week?

Didn't make the calculation for the second week but it should be ~ 0.4% per day based on what I read in the Telegram group.

Price is at $0.45 range, up 450% from $0.10 last weekend so in $ it's going even faster.

Current price: https://reflect.blockpour.com/trades

It's up 700% alread

[Turing]

https://dashboard.reflect.finance/login

source: https://twitter.com/ReflectFinance/status/1335666061602066434

[MaGNeT]

RFI just reached $1,50
That's 1500% up in a week.

Bumpy road ahead

https://reflect.blockpour.com/summary

========

update:

Bilaxy Exchange lists RFI

https://twitter.com/Bilaxy_exchange/status/1335865906317176837

[coinporch]

RFI just reached $1,50
That's 1500% up in a week.

Bumpy road ahead

https://reflect.blockpour.com/summary

========

update:

Bilaxy Exchange lists RFI

https://twitter.com/Bilaxy_exchange/status/1335865906317176837

thats right and today this project growing more than 125% this is really amazing result from this project, i hope this growing price will continues
and hit about $5