Topic: [ANN] Reflect.Finance - RFI | Frictionless Yield Generation. Hold and Earn. - page 3. (Read 986 times)
November 27, 2020, 04:05:38 AM
] November 26, 2020, 01:29:23 PM
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.
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.
November 26, 2020, 12:21:26 PM
I bought 31.000 FRI yesterday and already earned a little over 120 FRI in fees worth ~$25.
That's 0,4% "interest" in one day and people just now start to discover this, so this can only grow.
That's 0,4% "interest" in one day and people just now start to discover this, so this can only grow.
I'm purely curious and this is an honestly puzzled question: wasn't your theory a little bit backward?
They put a flat 1% fee on every transaction and divide them amongst holders proportionally in staking model. So, if someone keeps holding, let's say, 31,000 FRI and the numbers of holders grow as the project gain popularity and people start discovering, it can only shrink perpendicularly with the growth of of token holders, because the sum of stakes will grow too.
I agree, that sounded backward.
What I meant with "this can only grow" is; we are still in the first week of this project and price is still low.
Fees are all based on transactions. Listing new pairs against FRI and integrating it on other platforms can increase those transactions by a lot.
November 26, 2020, 12:01:43 PM
I bought 31.000 FRI yesterday and already earned a little over 120 FRI in fees worth ~$25.
That's 0,4% "interest" in one day and people just now start to discover this, so this can only grow.
That's 0,4% "interest" in one day and people just now start to discover this, so this can only grow.
I'm purely curious and this is an honestly puzzled question: wasn't your theory a little bit backward?
They put a flat 1% fee on every transaction and divide them amongst holders proportionally in staking model. So, if someone keeps holding, let's say, 31,000 FRI and the numbers of holders grow as the project gain popularity and people start discovering, it can only shrink perpendicularly with the growth of of token holders, because the sum of stakes will grow too.
November 26, 2020, 06:34:17 AM
The RFI black hole already holds over 471,000 RFI tokens and keeps expanding,
decreasing the total amount of 10,000,000 RFI in circulation with every transaction.
decreasing the total amount of 10,000,000 RFI in circulation with every transaction.
November 25, 2020, 06:00:43 PM
People, please join the Reflect.Finance Telegram Group, we have a nice group of people over there!
This we you'll stay op to date about all what's happening & coming!
This we you'll stay op to date about all what's happening & coming!
November 25, 2020, 12:11:40 PM
1% transaction fee is re-distributes to existing RFI holders instantly and automatically at the time of each transaction. I think it is good decision and users can like it much 
November 24, 2020, 01:56:31 PM
People, please join the Reflect.Finance Telegram Group, we have a nice group of people over there!
This we you'll stay op to date about all what's happening & coming!
https://t.me/reflect_finance
This we you'll stay op to date about all what's happening & coming!
https://t.me/reflect_finance
November 24, 2020, 07:13:09 AM
I bought 31.000 FRI yesterday and already earned a little over 120 FRI in fees worth ~$25.
That's 0,4% "interest" in one day and people just now start to discover this, so this can only grow.
This is quite ingenous:
-> the Reflect.Finance smart contract that divides the fees evenly over you stake after every trade, instantly appearing
-> a burn address in the form of a "black hole" that accumulates fees too and takes FRI out of circulation forever, while growing to take even more fees
-> it doesn't matter if people buy or sell their coins, if you hold FRI you receive fees anyway
And with the gaming platform coming that integrates FRI, more transactions means even more fees.
https://twitter.com/ReflectFinance/status/1330195847993307140
Pardon me if I sound a little bullish
That's 0,4% "interest" in one day and people just now start to discover this, so this can only grow.
This is quite ingenous:
-> the Reflect.Finance smart contract that divides the fees evenly over you stake after every trade, instantly appearing
-> a burn address in the form of a "black hole" that accumulates fees too and takes FRI out of circulation forever, while growing to take even more fees
-> it doesn't matter if people buy or sell their coins, if you hold FRI you receive fees anyway
And with the gaming platform coming that integrates FRI, more transactions means even more fees.
https://twitter.com/ReflectFinance/status/1330195847993307140
Pardon me if I sound a little bullish
November 23, 2020, 03:37:49 PM
Update from the Reflect.Finance team:
November 23, 2020, 07:47:42 AM
Reflect.Finance in my own words: RFI has a 1% fee for trades and transactions.
Fees are divided among the holders of RFI. This is done instantly by the smart contract and without the need of Gas.
There's also a burn address (called "the black hole") that holds ~5% of the 10,000,000 RFI in circulation.
The black hole receives it's share of fees too and grows, deflating the amount of circulating RFI.
RFI is now 100% community driven!
In short: just hold RFI in your ERC20 wallet, receive fees and see it grow.
Fees are divided among the holders of RFI. This is done instantly by the smart contract and without the need of Gas.
There's also a burn address (called "the black hole") that holds ~5% of the 10,000,000 RFI in circulation.
The black hole receives it's share of fees too and grows, deflating the amount of circulating RFI.
RFI is now 100% community driven!
In short: just hold RFI in your ERC20 wallet, receive fees and see it grow.
website: https://reflect.finance/
dashboard: https://dashboard.reflect.finance
github: https://github.com/reflectfinance
medium: https://reflectfinance.medium.com/introducing-reflect-rfi-362b97e3670d
medium article on dynamics of the black hole: https://welshgoplayer.medium.com/reflect-finance-and-the-blackhole-acec06b27f2f
coinmarketcap: https://coinmarketcap.com/currencies/reflect-finance/
blockpour: https://reflect.blockpour.com/summary
coingekko: https://www.coingecko.com/en/coins/reflect-finance
worldcoinindex: https://www.worldcoinindex.com/coin/reflect-finance
livecoinwatch: https://www.livecoinwatch.com/price/reflectfinance-RFI
coinbase price chart: https://www.coinbase.com/nl/price/reflect-finance
nomics: https://nomics.com/assets/rfi-reflectfinance
uniswap statistics: https://info.uniswap.org/pair/0x4c8341379e95f70c08defb76c4f9c036525edc30
dextools.io: https://www.dextools.io/app/uniswap/pair-explorer/0x4c8341379e95f70c08defb76c4f9c036525edc30
exchanges:
- Uniswap (V2)
- https://sushiswap.fi/pair/0x6fc4819aff0eae81f43ec8fc00bf224128bec902
- https://1inch.exchange/#/WETH/RFI
- https://bilaxy.com/trade/RFI_ETH (you can trade RFI at Bilaxy but to receive fees RFI has to be in your own ERC20 wallet!)
launch date: 11-19-2020
total supply: 10,000,000 RFI
ethereum contract: 0xa1afffe3f4d611d252010e3eaf6f4d77088b0cd7
black hole address: 0x000000000000000000000000000000000000dead
Reflect.Finance is community driven. We have a Community Treasury to pay for promotions or development on RFI.
The address of the Community Treasury is: https://app.zerion.io/0xb61ed2f7142c16e31f1c6debd63027ed7f5cb066/overview
social media:
Twitter: https://twitter.com/ReflectFinance
Telegram: https://t.me/reflect_finance
Telegram announcements only: https://t.me/reflect_finance_announcements
Telegram integrations only: https://t.me/reflect_finance_integrations
Telegram RFI price discussion: tg://resolve?domain=reflect_finance_price
Discord (RFI Community): https://discord.gg/5NjbqhJZ
unofficial Twitter: https://twitter.com/RFIArmy
unofficial reddit thread: https://www.reddit.com/r/CryptoMoonShots/comments/jxuwfq/rfi_frictionless_yield_farming_1_m_market_cap/
Frictionless Yield Generation. Hold and Earn.
RFI works by applying a 1% fee to each transaction and instantly splitting that fee among all holders of the token.
Holders do not need to stake or wait for fees to be delivered. Fees are awarded by the smart contract and are immediately reflected in the holders balance
Enhanced ROI
Innovations in the reflect.finance smart contract allow certain addresses, like the Uniswap pool or exchange wallets, to be blocked from earning fees.
Because of this, 100% of the fees generated go to holders of the token. The percentage of fees you earn is calculated by the percentage of RFI that you own among holders.
This generates a much higher yield than would be possible otherwise.
Quote
Introduction:
RFI is an innovative Ethereum token that re-imagines the concept of DeFI yield generation.
At its core, RFI charges a 1% transaction fee and re-distributes that fee to existing RFI holders instantly and automatically at the time of each transaction.
Unique features of the RFI smart contract allow certain addresses like the Uniswap pool or exchange wallets to be blocked from earning fees.
Because of this, 100% of the fees generated go to holders of the token. The percentage of fees you earn is calculated by the percentage of RFI that you own among holders. This generates a much higher yield than would otherwise be possible.
There is no team or central party that has to award the fees. There is no interface to claim the fees. No action needs to be taken on your part other than to hold RFI in a wallet you control.
The Problem
The overwhelming majority of DeFi projects require trust in a central party and interaction with complex, buggy, and easily hacked contracts.
Rewards for interacting with these contracts often come from the minting of new tokens, necessitating confusing (and usually centralized) economic mechanisms that attempt to give the underlying reward token some value.
Developers who design and implement these economic reward mechanisms typically have no expertise in economics.
This places an enormous amount of risk on individuals that choose to interact with DeFi smart contracts. For simplicity, lets break down some of the different kinds of risk accepted by your average DeFi participant:
- Price and Market risk: Price movements of a specific token or the market as a whole that negatively affect the token holder.
- Trust related risk: Individuals or teams behind a project performing actions that negatively affect the token holder (rug pulls, large token unlocks and dumps, etc..)
- Security risk: Vulnerabilities in smart contracts or interfaces that the token holder interacts with.
- Economic Design risk: Tokenomics that are poorly designed and unsustainable.
The Solution
RFI is uniquely designed to address these problems and reduce the aforementioned risks. Lets look at how RFI reduces each of the risks mentioned in the previous section:
- Price and Market risk: These risks come with any free market. Anyone claiming to guarantee a specific yield or eliminate this risk are lying to you.
- Trust related risk: No ICO, No Pre-sale, No Fundraising. No vaults or treasuries. No community funds that could be mismanaged. No website or interface is required for the token to function. As long as Ethereum exists, RFI fees will be generated and distributed with each transaction.
- Security risk: Because fee generation AND distribution is baked into the core smart contract, security risk is greatly reduced. No external contracts or interfaces need to be interacted with in any way.
- Economic Design risk: RFI has a fixed cap of 10M. The yield comes from transfer fees instead of newly minted tokens. As you earn fees, the percentage of the total supply you own is increasing. Earning network fees is an established and tested method of earning yield.
The Elephant in the Room — Opportunity Cost
Beyond the extreme risks involved with DeFi, individuals must stake or park their tokens in a contract to earn a yield. There is a massive opportunity cost associated with this as participants could be using their locked tokens to earn a yield some other way but are unable to seize that opportunity while the tokens are locked.
Lets look at how RFI addresses opportunity cost.
RFI fees are awarded automatically and do not require any transaction to be executed by the holder in order to earn fees. This allows RFI to be used in any other smart contract in addition to earning yield from the transaction fees.
To facilitate this, the RFI smart contract exposes some new methods that allow other smart contracts to easily determine the fees earned by each address for any period of time even when funds are pooled together. This is a huge leap in DeFi that enables the direct staking of RFI and double yield generation.
For example, you could lend your RFI on a third party app and earn a yield from that while still earning fees from RFI transfers. The lending contract could use RFI’s new methods to easily determine the fees earned on the amount you provided during your interaction with the lending contract.
By reducing friction and eliminating the burden of contract interaction to earn a yield, RFI is truly a step forward in DeFi.
A Fair and Free Market
The RFI smart contract is complete at launch. There was no ICO, no pre-sale, and no fundraising of any kind. There are no more features to add. There is no individual or team to be relied upon to give RFI any value.
95% of the total fixed supply of 10M tokens goes into the initial Uniswap liquidity pool.
5% of the total fixed supply of 10M tokens goes to a 15 day yield farming program where they can be farmed by holders of Flow Protocol.
Yield Farming with Flow Protocol
There are few truly decentralized cryptocurrencies in this space. Flow Protocol (https://flowprotocol.io) is one of those projects which is also backed up with secure, formally audited contracts.
Flow Protocol addresses a long standing economic problem called the Cantillon Effect, where specific parties benefit from monetary inflation before others. Flow Protocol combats the Cantillon Effect with non-dilutive transactionless inflation, automatically increasing the balance of each holder daily without the need for a single transaction. This method allows for the token to be applied to modern DeFi use cases (like yield farming RFI) without diluting the token holders.
As a nod to the innovation and decentralization of Flow Protocol, 5% of the RFI supply can be earned over 15 days by staking FLOW/ETH LP tokens from Uniswap.
source: https://reflectfinance.medium.com/introducing-reflect-rfi-362b97e3670d
RFI is an innovative Ethereum token that re-imagines the concept of DeFI yield generation.
At its core, RFI charges a 1% transaction fee and re-distributes that fee to existing RFI holders instantly and automatically at the time of each transaction.
Unique features of the RFI smart contract allow certain addresses like the Uniswap pool or exchange wallets to be blocked from earning fees.
Because of this, 100% of the fees generated go to holders of the token. The percentage of fees you earn is calculated by the percentage of RFI that you own among holders. This generates a much higher yield than would otherwise be possible.
There is no team or central party that has to award the fees. There is no interface to claim the fees. No action needs to be taken on your part other than to hold RFI in a wallet you control.
The Problem
The overwhelming majority of DeFi projects require trust in a central party and interaction with complex, buggy, and easily hacked contracts.
Rewards for interacting with these contracts often come from the minting of new tokens, necessitating confusing (and usually centralized) economic mechanisms that attempt to give the underlying reward token some value.
Developers who design and implement these economic reward mechanisms typically have no expertise in economics.
This places an enormous amount of risk on individuals that choose to interact with DeFi smart contracts. For simplicity, lets break down some of the different kinds of risk accepted by your average DeFi participant:
- Price and Market risk: Price movements of a specific token or the market as a whole that negatively affect the token holder.
- Trust related risk: Individuals or teams behind a project performing actions that negatively affect the token holder (rug pulls, large token unlocks and dumps, etc..)
- Security risk: Vulnerabilities in smart contracts or interfaces that the token holder interacts with.
- Economic Design risk: Tokenomics that are poorly designed and unsustainable.
The Solution
RFI is uniquely designed to address these problems and reduce the aforementioned risks. Lets look at how RFI reduces each of the risks mentioned in the previous section:
- Price and Market risk: These risks come with any free market. Anyone claiming to guarantee a specific yield or eliminate this risk are lying to you.
- Trust related risk: No ICO, No Pre-sale, No Fundraising. No vaults or treasuries. No community funds that could be mismanaged. No website or interface is required for the token to function. As long as Ethereum exists, RFI fees will be generated and distributed with each transaction.
- Security risk: Because fee generation AND distribution is baked into the core smart contract, security risk is greatly reduced. No external contracts or interfaces need to be interacted with in any way.
- Economic Design risk: RFI has a fixed cap of 10M. The yield comes from transfer fees instead of newly minted tokens. As you earn fees, the percentage of the total supply you own is increasing. Earning network fees is an established and tested method of earning yield.
The Elephant in the Room — Opportunity Cost
Beyond the extreme risks involved with DeFi, individuals must stake or park their tokens in a contract to earn a yield. There is a massive opportunity cost associated with this as participants could be using their locked tokens to earn a yield some other way but are unable to seize that opportunity while the tokens are locked.
Lets look at how RFI addresses opportunity cost.
RFI fees are awarded automatically and do not require any transaction to be executed by the holder in order to earn fees. This allows RFI to be used in any other smart contract in addition to earning yield from the transaction fees.
To facilitate this, the RFI smart contract exposes some new methods that allow other smart contracts to easily determine the fees earned by each address for any period of time even when funds are pooled together. This is a huge leap in DeFi that enables the direct staking of RFI and double yield generation.
For example, you could lend your RFI on a third party app and earn a yield from that while still earning fees from RFI transfers. The lending contract could use RFI’s new methods to easily determine the fees earned on the amount you provided during your interaction with the lending contract.
By reducing friction and eliminating the burden of contract interaction to earn a yield, RFI is truly a step forward in DeFi.
A Fair and Free Market
The RFI smart contract is complete at launch. There was no ICO, no pre-sale, and no fundraising of any kind. There are no more features to add. There is no individual or team to be relied upon to give RFI any value.
95% of the total fixed supply of 10M tokens goes into the initial Uniswap liquidity pool.
5% of the total fixed supply of 10M tokens goes to a 15 day yield farming program where they can be farmed by holders of Flow Protocol.
Yield Farming with Flow Protocol
There are few truly decentralized cryptocurrencies in this space. Flow Protocol (https://flowprotocol.io) is one of those projects which is also backed up with secure, formally audited contracts.
Flow Protocol addresses a long standing economic problem called the Cantillon Effect, where specific parties benefit from monetary inflation before others. Flow Protocol combats the Cantillon Effect with non-dilutive transactionless inflation, automatically increasing the balance of each holder daily without the need for a single transaction. This method allows for the token to be applied to modern DeFi use cases (like yield farming RFI) without diluting the token holders.
As a nod to the innovation and decentralization of Flow Protocol, 5% of the RFI supply can be earned over 15 days by staking FLOW/ETH LP tokens from Uniswap.
source: https://reflectfinance.medium.com/introducing-reflect-rfi-362b97e3670d
Disclaimer: I've invested money in this token. This is in no way an advice nor an incentive to buy this token. I'm not in any way affiliated with the developer(s) behind the project. Always do your due diligence before investing in any coin or token.
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