Re: [ANN] Reflect.Finance - RFI | Frictionless Yield Generation. Hold and Earn.
So uhh, the scheme roughly goes like this: 1% of each transaction is set as a transaction fee, which 99% of them will be distributed to each token holders, and 1% of that (on other words, 1% of 1% of every transaction) will be burned. Thus, the burning rate is 0.01% of every transaction?
0.047% and growing
Ok, but the percentage of burned token were from the 1% transaction fee, right? Wouldn't that mean the more it grow, the less amount of token a holder will get?
The size of the black hole doesn't influence the amount of fees you receive for holding a fixed amount of coins.
If you hold 10,000 RFI it's always 0,1% of the total 10,000,000 RFI, so you will always receive 1 RFI for every 100,000 RFI that are traded or transfered.
Ofcourse your stake will grow too, compounding to it, but I didn't take that into account to keep it simple