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xZx

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xZx

Re: nowwhat2 post# 211

Monday, 05/09/2022 2:50:17 PM

Monday, May 09, 2022 2:50:17 PM

Post# of 457
reflections are free tokens that get generated on each transaction of the token, and are distributed across all "wallets" on the blockchain.

we'll use FOOK token as the example. here's its trading page on fegex:

https://beta.fegex.com/charts/details/bsc/0x820671E3647d8aaa22Feab05aaA14AB1665e06e1

over on the right side, below the various stats, you'll see a "page icon" which links to FOOK on bscscan, which is its blockchain location:

https://bscscan.com/token/0x820671E3647d8aaa22Feab05aaA14AB1665e06e1#balances

that page above shows the holders, ranked by wallet size. so a 2.49% holder gets 2.49% of all reflections.

so let's say we have $25K in 24 hour volume (crypto trades 24/7), since FOOK has a 25% reflections tax, 25% of $25K ($6,250) is distributed to all wallets. automatically. because it's written into the code of FOOK's "smart contract".

so the 2.49% holder gets 2.49% of $6,250, or $156.25. just for holding their FOOK.

furthermore, as the 2.49% wallet continues to accumulate reflections, their % of total circulation rises. so with each new transaction, they get slightly more free FOOK.

the best part is the burn wallet. which is now up to 42.26% of the total (original) 401,000 tokens. with each transaction, 42.26% is distributed to the burn wallet, and those tokens disappear forever. you can see the burn % on the right side of the trading page, constantly being updated:

https://beta.fegex.com/charts/details/bsc/0x820671E3647d8aaa22Feab05aaA14AB1665e06e1

so FOOK is very quickly reducing its total supply, as holders are gaining tokens.

you an see how quickly this increases the leverage.

smartdefi tokens also have a "baseline value" that never drops, it can only go up, shown in the green line on the chart.

so unlike OTC stocks or other cryptos where supply is always increasing, smartdefi builds in scarcity. and the minimum value we can get for our tokens is always inreasing too.

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