What is Reflecto?
Reflecto (REFLECTO) is a decentralized platform that aims to bridge the gap between traditional currency and cryptocurrency, bringing the benefits of the crypto world to individuals. This cryptocurrency asset offers unique rewards to its holders in the form of multiple cryptocurrencies. Governed by the Binance Smart Chain (BSC), Reflecto strives to provide efficient block speed and cost-effective transactions. Binance Smart Chain is a blockchain specifically designed for running applications based on smart contracts. Reflecto operates on an autonomous frictionless yield farming and liquidity generation protocol.
The project's whitepaper outlines plans for developing an application programming interface (API) that will enable developers to seamlessly integrate crypto payments into their systems and create wallets. Additionally, Reflecto aims to collaborate with iMenu to create a wallet that allows customers to pay their bills using cryptocurrency. iMenu provides restaurants with QR-based menus for a more convenient dining experience.
One of Reflecto's key objectives is to ensure that users of the Binance Smart Chain can conduct transactions on the blockchain without having to pay transaction fees in BNB (Binance Coin), the native cryptocurrency of BSC. To address this challenge, Reflecto allows its token holders to transact without requiring any BNB tokens. This feature eliminates the need for crypto users to hold BNB in their wallets to complete transactions on the BSC blockchain.
Reflecto offers several notable features, including:
Liquidity lock: Reflecto has locked its liquidity for a period of ten years, demonstrating its long-term commitment to serving the crypto community.
Deflationary mechanism: Reflecto operates as a deflationary token, meaning that its token supply decreases over time as the token evolves, potentially increasing its value.
Passive income generation: Token holders can generate passive income by simply holding Reflecto in their wallets. This income is distributed in the form of various cryptocurrencies, providing an additional incentive for users to participate in the Reflecto ecosystem.
The cryptocurrency is identified by the ticker symbol REFLECTO. Reflecto implements a 10% transaction fee on every transaction within the network, redistributing it among holders in Reflecto and other supported cryptocurrencies. The platform allocates 45% of the total digital coins to presale and liquidity, with the aim of removing 50% of the total Reflecto coins from circulation. An additional 3% is reserved for the founder and the project team.
Reflecto was co-founded by Vladimir Đukić and Željko Radić in September 2021. Vladimir Đukić also serves as the chief technology officer (CTO) of iMenu. The maximum total supply of REFLECTO coins is set at 1,000,000,000,000,000.
In conclusion, Reflecto (REFLECTO) offers a decentralized platform that brings the advantages of the crypto world to individuals seeking a bridge between traditional currency and cryptocurrency. With its unique reward system, seamless integration possibilities, and commitment to user convenience, Reflecto aims to provide a user-friendly and profitable experience within the Binance Smart Chain ecosystem. The project's focus on liquidity lock and deflationary mechanisms further demonstrates its long-term vision. By actively participating in Reflecto, individuals can generate passive income and become part of a thriving community.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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