Reflect.Finance (RFI) Hits All Time High
Reflect.Finance (RFI) Hits All Time High
DNakaMotooOfOurTime 6th, December 2020 (5 months ago)
Cryptocurrency
Project sitting above $0.81 as at the time of writing, hitting its All Time High of $0.91 today.
Reflect Finance, a decentralized Finance (DeFi) protocol with a difference. The protocol pays out users just for holding tokens in their wallet without having to send to a particular wallet for staking or sending to any central account. The 1% fees taken by the system is automatically and immediately distributed to all token holders without any central body. 100% of the fees are distributed to all tokens holders in a proportional manner which depends on the amount of tokens you hold compared to the rest of the bag holders. The system has no team and depends on the community for its market price and development, the smart contracts are designed to stop pooling addresses (on UniSwap) or exchange wallets to earn from the fees.
The community seems to be handling the project well, the project does not have prefunds, no ICO’s or any fundraising of any kind and yet the token has been performing quite well. I got into the project at $0.58 yesterday, and today we've got the project sitting above $0.81 as at the time of writing, hitting its All Time High of $0.91 today.
A Complete Community-Driven DeFi-Ecosystem
It is undoubtedly hard to find projects controlled by the community performing well within this space, there is lots of competition in this space and more marketing is needed for some projects to stand out and increase in price like RFI did. Will we see more development in this project?, probably not from the team but we could expect a lot from the community, and seeing what they have done so far, we might be in for a good Run.
I hope you liked the article, this is my own contribution to the community. Do support me the best way you can, thanks guys.
Share:
twitter facebook linkedin redditYou MUST be logged in to like, dislike and comment on this post
Featured
cberry
16 Dec
9 0 $0.933312
cberry
03 Dec
50 0 $1.42
Trending
US needs to take leadership on central bank digital currencies: former CFTC chair
Brylant
03 May
1 0 $0
Will Elon Musk’s ‘SNL’ Appearance Send Dogecoin to the Moon? Curb Your Enthusiasm
Brylant
06 May
1 0 $0
Highest Earning
US needs to take leadership on central bank digital currencies: former CFTC chair
Brylant
03 May
1 0 $0
Will Elon Musk’s ‘SNL’ Appearance Send Dogecoin to the Moon? Curb Your Enthusiasm
Brylant
06 May
1 0 $0
US needs to take leadership on central bank digital currencies: former CFTC chair
Brylant
03 May
1 0 $0
Will Elon Musk’s ‘SNL’ Appearance Send Dogecoin to the Moon? Curb Your Enthusiasm
Brylant
06 May
1 0 $0
US needs to take leadership on central bank digital currencies: former CFTC chair
Brylant
03 May
1 0 $0
Will Elon Musk’s ‘SNL’ Appearance Send Dogecoin to the Moon? Curb Your Enthusiasm
Brylant
06 May
1 0 $0