The Reign of Reflection Tokens Led by Safemoon, Kishu Inu and HUH Token
News of Kim Kardashian getting sued for promoting the infamous pump-and-dump scheme, EthereumMax, has been spreading like wildfire. No doubt, this is another knock to the crypto sector as investors are once again reminded of some of the market’s grim realities. With investing in crypto rising in popularity, greater opportunities have also risen for scammers as well. Likewise, these kinds of scandals can ruin the reputation of genuine altcoins emerging to the scene, as investors grow wary of new projects. As altcoin competition grows fiercer, there is more pressure to offer new and improved opportunities for generating passive income. As a result, reflection tokens were devised – as both a means for passive income as well as granting extra security to potential investors. First of all – what are reflection tokens? According to intergovernmental blockchain expert, Anndy Lian, each transaction made with reflection tokens is taxed. Thus, for each transaction, a percentage is contributed to a liquidity pool, while another amount is held aside for redistribution among token holders. As a result, the token ‘self-generates’ its value, promoting a ‘hold and earn’ culture that lowers the pressure to sell. Reflection tokens strive to generate more passive income by deterring early … Continue reading The Reign of Reflection Tokens Led by Safemoon, Kishu Inu and HUH Token
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