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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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French fintech Lydia launches digital banking app Sumeria
Lydia, a prominent French fintech company known for its innovative financial solutions, has taken a significant leap forward with the launch of its new digital banking app, Sumeria. This development marks a strategic expansion for Lydia as it continues to redefine the financial landscape in Europe and beyond.
About Lydia
Since its inception, Lydia has been at the forefront of fintech innovation in France, providing users with seamless and user-friendly payment solutions. The company has built a strong reputation for its mobile payment app, which allows users to send and receive money, pay for goods and services, and manage their finances with ease. With millions of users and a robust platform, Lydia is well-positioned to venture into the digital banking space.
Introducing Sumeria
Sumeria is Lydia’s latest offering, designed to cater to the growing demand for comprehensive digital banking solutions. The app aims to provide users with a full suite of banking services, all accessible from their smartphones. Key features of Sumeria include:
- Personal and Business Accounts: Sumeria offers both personal and business accounts, enabling users to manage their finances efficiently. The app supports a range of functionalities tailored to meet the needs of individual users and small to medium-sized enterprises (SMEs).
- Intuitive Interface: True to Lydia’s commitment to user experience, Sumeria boasts an intuitive and easy-to-navigate interface. Users can quickly access account information, transaction history, and various banking services with just a few taps.
- Comprehensive Financial Tools: Sumeria provides a range of financial tools designed to help users better manage their money. Features such as budgeting, expense tracking, and personalized financial insights empower users to make informed financial decisions.
- Security and Privacy: Lydia places a high priority on security, and Sumeria is no exception. The app incorporates advanced security measures, including biometric authentication and end-to-end encryption, to ensure that users’ financial data is protected.
- Integrated Payments: Leveraging Lydia’s expertise in payments, Sumeria integrates seamless payment solutions, allowing users to send and receive money instantly, pay bills, and make purchases directly from the app.
Strategic Implications
The launch of Sumeria represents a strategic move for Lydia, positioning the company as a formidable player in the digital banking arena. By expanding its product offering, Lydia aims to capture a larger share of the market and meet the evolving needs of its users. This initiative also reflects a broader trend in the fintech industry, where traditional payment service providers are evolving into comprehensive financial service platforms.
Market Impact
Sumeria’s entry into the market is poised to have a significant impact. With its user-centric design and robust feature set, the app is likely to attract a diverse user base, from tech-savvy millennials to SMEs seeking efficient banking solutions. Moreover, Sumeria’s integration with Lydia’s existing payment infrastructure provides a seamless transition for current Lydia users, further boosting its adoption.
Future Prospects
Looking ahead, Lydia plans to continually enhance Sumeria by adding new features and expanding its services. The company’s focus on innovation and customer satisfaction will be key drivers of Sumeria’s growth. Additionally, Lydia’s potential to scale Sumeria across other European markets presents a substantial opportunity for further expansion.
Source: fintechfutures.com
The post French fintech Lydia launches digital banking app Sumeria appeared first on HIPTHER Alerts.
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