FAQ
Last updated
Last updated
What is Reflect Finance?
Reflect Finance is the first rewarding token on the Solana blockchain, offering rewards in its native token, $REFLECT. Inspired by the success of SafeMoon on Binance Smart Chain (BSC), Reflect Finance aims to bring a unique and rewarding experience to the Solana ecosystem.
Why Reflect Finance is better than other reflection tokens?
Reflection tokens typically reward users with a different token, with this mechanism you will see frequent changes in the chart due to the process of swapping tokens as part of the reward mechanism In contrast, Reflect Finance introduces a unique approach by rewarding users in our own native token. This means that unlike other tokens, there won't be any contract sells visible on the chart.
How does the tax breakdown work?
For every transaction, a 10% tax is collected. 2% of this tax goes to the marketing wallet, 2% is burned to make $REFLECT deflationary, and the remaining 6% is distributed as $REFLECT rewards to all holders, providing a passive income with each transaction.
How does Reflect Finance ensure a deflationary mechanism?
Reflect Finance ensures a deflationary mechanism by burning 2% of every transaction, contributing to the reduction of the total supply of $REFLECT over time.
