Post
Topic
Board Tokens (Altcoins)
Re: [ANN] Reflect.Finance - RFI | Frictionless Yield Generation. Hold and Earn.
by
MaGNeT
on 24/11/2020, 12:13:09 UTC
I bought 31.000 FRI yesterday @ ~$0,23 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:

-> a 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