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Reflectocoin Invites the Public to Check Out Its Crypto Ecosystem
Podgorica, Montenegro–(Newsfile Corp. – December 8, 2021) – The Reflectocoin Team is pleased to announce the release of its ecosystem which is believed to positively influence the way cryptocurrencies are perceived.
(A section of the Reflectocoin website)
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Reflecto is a liquidity generation protocol on automated and seamless yield farming. The liquidity generated is shared amongst investors to increase their token portfolio, and for newbie investors, jumpstart their investing journey with just under 30% reward on every Reflecto bought.
How Is Reflectocoin Different from Other Reflection Protocols?
The cryptocurrency space has been host to many protocols that are simply rip-offs of pre-existing ones and are devoid of innovation. Nor do they solve real-world problems. As seen on the info available on their website and Whitepaper, Reflectocoin means business. The idea of reflection coins and tokens being a gimmick of the crypto world may have just been put to bed. Here are a few reasons why.
Ultra Utility and Scalability
Utility and scalability are vital metrics in determining the future of a project and the valuation of its token, with market shocks taken into consideration. The team has an Application Programming Interface (API) in the works that will enable developers to build wallets with zero gas charges in transactions.
Exponential Reflections
Reflectocoin offers a class-leading 26% reward for every Reflecto transaction. The reward will be in three tokens; two reflection coins (EverGrow and Crypter) and the Binance Smart Chain pegged BUSD. Ten percent is shared amongst all three tokens, which results in 3.33% shares. And EverGrow and Crypter reward its holders 8% in BUSD each for every transaction made.
A 10% initial reward and a 16% (8% each) secondary reward from the other two reflection coins sum up to 26%.
A More Even Buying Action
Reflecto has an inbuilt failsafe called the anti-whale. This system prevents big-money investors from buying more than 0.125% of the total supply at any point in time. Unlike other protocols and blockchain platforms, investors can buy as much as they want and as much as their money allows them. The lack of restriction empowers such investors to manipulate the market in their favor. This is because they can sell or swing trade large amounts, which causes a reduced unit valuation of the token due to a reduction in liquidity.
Its Tokenomics Model
Before presale, 50% of the total supply of Reflectos was burnt, and 45% was set for presale and initial liquidity. As more and more transactions involving Reflectos are made, a proportional volume will be burned to cause them to be scarcer. The rate of burning will be much faster when compared to other blockchain platforms because it is.
Holders Enjoy Staking Benefits with No Associated Risks
Reflecto aims to even out the risk-safety balance with its reflection model. Usually, token holders have the choice of holding for the long-term or contributing to the liquidity pool for returns. But the problem with the latter decision is that they do not benefit from increased valuation of tokens as they should if the coin is stacked away in their wallet.
Reflectocoin’s reward system is modeled in a way that does not mandate holders to stake. Nonetheless, everyone enjoys and shares in Reflecto’s revenue without having to risk the reduction in rewards that may accompany staking.
About Reflectocoin
Refelecto is a reflection coin based on the BSC architecture that works on autonomous frictionless yield farming and liquidity generation protocol. Upon launch, it became the first cryptocurrency to reward its users in multiple tokens.
The team backing Reflecto intends to make the project worthwhile with a future of utility and use cases in-store. Liquidity has been locked for the next decade to keep everyone committed to the vision.
Media Contact
Email: [email protected]
Website: https://reflectocoin.com/
Address: Podgorica, Montenegro
Telegram: https://t.me/joinchat/EDiC69yN0lw5MmZi
Twitter: https://twitter.com/RReflecto
LinkedIn: https://www.linkedin.com/company/reflectotoken/
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/106946
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Day two of Money20/20 Asia 2024 in Bangkok showcased a captivating array of discussions and insights at the Queen Sirikit National Convention Centre. Here are the highlights from the event:
Redefining Financial Frontiers: A panel titled ‘Redefining the Filipino Financial Frontier: Pioneers Transforming Money’s Future in the Philippines’ shed light on the transformative journey of financial services in the Philippines. Notable speakers included Ernest Cu, President & CEO of Globe, Pebbles Sy, Chief Technology and Operations Officer of GCash, and Douglas Feagin, President of Ant International. They emphasized the role of technology, partnerships, and digitalization in unlocking fintech opportunities.
Payments Focus: The Vision stage hosted a panel discussion titled ‘Global Payment Trends: Asia’s QR Revolution, Europe’s Open Banking Wave, America’s Card Dominance – Who Will Triumph?’ featuring industry leaders like Zubin Rada Krishnan, Group CEO of BigPay, Andreas Kurniawan, Chief Digital and Analytics Officer of Bank Danamon Indonesia, and Phil Pomford, SVP and General Manager of Global Enterprise E-commerce – Asia Pacific at Worldpay. Moderated by Rachel Morissey from USA Money20/20, the panel explored topics such as open banking in Europe, the QR Revolution in Asia, and the dominance of cards in the US.
Empowering Small Businesses: A keynote session titled ‘Empowering Small Businesses: A Vision Beyond Wall Street’ highlighted innovative approaches for micro and small businesses globally. Charles Li, founder and chairman of Micro Connect, shared insights into their unconventional financial models focused on daily revenues rather than equity or credit.
Asian Trends and Collaborations: Insights into the Southeast Asia expansion of Micro Connect underscored their commitment to global empowerment. Additionally, a fireside chat hosted by Danny Levy from Money20/20 with Kattiya Indaravijaya from Kasikornbank explored the region’s future financial landscape, emphasizing cross-border collaborations and trends in combating fraudulent activities.
Announcements: Notable announcements included PLDT-backed Maya Bank partnering with Tala to channel loans worth P2.75 billion ($48 million) to Filipinos, and KBank teaming up with J.P. Morgan to launch Project Carina, leveraging Q-money and JPM Coin for enhanced financial services.
Networking Opportunities: Attendees enjoyed various networking opportunities throughout the event, with a standout being the Money Under Moonlight event—an enchanting celebration of Asia’s diverse cultures held at Bangkok Marriott Marquis Queen’s Park, featuring a mesmerizing display of lanterns and candles.
In addition, attendees had the chance to engage in fun activities like The Money Run, a VR game, and explore innovations in the Money Arcade. Money20/20 Asia 2024 proved to be a dynamic platform for insightful discussions, partnerships, and networking opportunities in the fintech landscape.
Source: thefintechtimes.com
The post Money20/20 Asia 2024: Days Two Roundup appeared first on HIPTHER Alerts.
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SUNRATE named one of the top 100 cross-border payment companies for 2024 by FXC Intelligence
SINGAPORE, April 26, 2024 /PRNewswire/ — SUNRATE, an intelligent global payment and treasury management platform has been named one of the Top 100 Cross-Border Payment Companies for 2024 by FXC Intelligence, which recognises and celebrates the most important players in the cross-border payments industry.
SUNRATE has been recognised for its capabilities in providing global payment products and services for businesses worldwide, including international payments, global collection, commercial card issuance and treasury management.
Businesses can make payments to more than 190 countries and regions, transact in 130+ currencies and settle card spends in more than 15 currencies. They also enjoy global collection services available in over 30 currencies and collect funds in over 10 major global currencies, as if they were local payments. As part of SUNRATE’s global vision to drive B2B digitalisation, it also offers effective treasury management tools such as TreasuryOS and RiskOS, to enable businesses to manage and oversee their financial assets, liabilities, and liquidity.
Daniel Webber, CEO and Founder of FXC Intelligence said, “SUNRATE’s debut in the Cross-Border Payments 100 underscores its growing importance both in its home market and in the wider region and beyond. The company’s strong growth and innovation focus were key to FXC Intelligence’s decision to include them on the Top 100 this year.”
Paul Meng, Co-Founder and CEO at SUNRATE said, “We’re excited to be recognised by FXC Intelligence as one of the top 100 cross-border payment companies. At SUNRATE, we’re on a mission to be the leading global cross-border B2B payment platform in emerging markets, and this recognition is testament to our team’s hard work in pursuit of this mission.”
About SUNRATE
SUNRATE is an intelligent global payment and treasury management platform for businesses worldwide. Since its inception in 2016, SUNRATE is recognised as a leading solution provider and has enabled companies to operate and scale both locally and globally in 190+ countries and regions with its cutting-edge proprietary platform, extensive global network, and robust APIs.
With its global business headquarters in Singapore and offices in Hong Kong, Jakarta, London and Shanghai, SUNRATE partners with the top global financial institutions, such as Citibank, Standard Chartered, Barclays and J.P. Morgan. To learn more about SUNRATE, visit https://www.sunrate.com/
About FXC Intelligence
- FXC Intelligence is the industry leader in cross-border payments data and intelligence.
- The world’s biggest banks, payments and big tech companies use our critical data to make vital decisions that shape their day-to-day operations, product development and strategy.
- Our data is also used by a number of international bodies, including the World Bank and the Financial Stability Board, to provide the most important indices in the sector.
- We track pricing, market size and product changes as they happen and update our dataset at high frequency, giving our clients the competitive edge they need to stay on top in a rapidly changing market.
- Our platform, which is built on top of our data, offers solutions such as a price engine and sales enablement tool to drive our clients’ growth and profit.
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Zafin, a company based in Canada, specializing in Software-as-a-Service (SaaS) solutions for banks and credit unions to modernize their core systems, has announced a significant change in leadership. After over two decades as CEO, Al Karim Somji will be stepping down. Somji, who founded the company in 2002, will transition to a role on Zafin’s board of directors, offering support to the incoming CEO, Charbel Safadi.
Charbel Safadi, who has been serving as group president of Zafin for the past five months, is taking over as CEO. The company highlights Safadi’s deep understanding of Zafin’s operations and culture as key factors that make him well-suited for this role. Zafin sees Safadi as ideally positioned to lead the company into its next phase of growth and success.
Before joining Zafin, Safadi held various leadership positions at IBM. His most recent role at IBM Canada was as senior partner and leader of business transformation services. He also served as chief technology officer (CTO) for IBM iX, the company’s digital experience consultancy and design studio.
Based in Vancouver, Zafin offers a SaaS platform tailored to help banks and credit unions streamline and customize their core modernization efforts.
The announcement of this leadership transition comes shortly after Zafin was acquired by Swedish private equity firm Nordic Capital in February 2024. Overall, 2024 has been a dynamic year for Zafin, marked by significant changes and strategic moves within the company.
Source: fintechfutures.com
The post Zafin Unveils Strategic Leadership Transition in Canadian SaaS Fintech appeared first on HIPTHER Alerts.
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