What is Reflect Finance (RFI) | What is Reflect Finance token

RFI is an innovative Ethereum token that re-imagines the concept of DeFI yield generation.

At its core, RFI charges a 1% transaction fee and re-distributes that fee to existing RFI holders instantly and automatically at the time of each transaction.

Unique features of the RFI smart contract allow certain addresses like the Uniswap pool or exchange wallets to be blocked from earning fees.

Because of this, 100% of the fees generated go to holders of the token. The percentage of fees you earn is calculated by the percentage of RFI that you own among holders. This generates a much higher yield than would otherwise be possible.

There is no team or central party that has to award the fees. There is no interface to claim the fees. No action needs to be taken on your part other than to hold RFI in a wallet you control.

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The Problem

The overwhelming majority of DeFi projects require trust in a central party and interaction with complex, buggy, and easily hacked contracts.

Rewards for interacting with these contracts often come from the minting of new tokens, necessitating confusing (and usually centralized) economic mechanisms that attempt to give the underlying reward token some value.

Developers who design and implement these economic reward mechanisms typically have no expertise in economics.

This places an enormous amount of risk on individuals that choose to interact with DeFi smart contracts. For simplicity, lets break down some of the different kinds of risk accepted by your average DeFi participant:

Price and Market risk: Price movements of a specific token or the market as a whole that negatively affect the token holder.
**Trust related risk: **Individuals or teams behind a project performing actions that negatively affect the token holder (rug pulls, large token unlocks and dumps, etc…)
Security risk: Vulnerabilities in smart contracts or interfaces that the token holder interacts with.
Economic Design risk: Tokenomics that are poorly designed and unsustainable.

The Solution

RFI is uniquely designed to address these problems and reduce the aforementioned risks. Lets look at how RFI reduces each of the risks mentioned in the previous section:

Price and Market risk: These risks come with any free market. Anyone claiming to guarantee a specific yield or eliminate this risk are lying to you.
Trust related risk: No ICO, No Pre-sale, No Fundraising. No vaults or treasuries. No community funds that could be mismanaged. No website or interface is required for the token to function. As long as Ethereum exists, RFI fees will be generated and distributed with each transaction.
Security risk: Because fee generation AND distribution is baked into the core smart contract, security risk is greatly reduced. No external contracts or interfaces need to be interacted with in any way.
Economic Design risk: RFI has a fixed cap of 10M. The yield comes from transfer fees instead of newly minted tokens. As you earn fees, the percentage of the total supply you own is increasing. Earning network fees is an established and tested method of earning yield.

The Elephant in the Room — Opportunity Cost

Beyond the extreme risks involved with DeFi, individuals must stake or park their tokens in a contract to earn a yield. There is a massive opportunity cost associated with this as participants could be using their locked tokens to earn a yield some other way but are unable to seize that opportunity while the tokens are locked.

Lets look at how RFI addresses opportunity cost.

RFI fees are awarded automatically and do not require any transaction to be executed by the holder in order to earn fees. This allows RFI to be used in any other smart contract in addition to earning yield from the transaction fees.

To facilitate this, the RFI smart contract exposes some new methods that allow other smart contracts to easily determine the fees earned by each address for any period of time even when funds are pooled together. This is a huge leap in DeFi that enables the direct staking of RFI and double yield generation.

For example, you could lend your RFI on a third party app and earn a yield from that while still earning fees from RFI transfers. The lending contract could use RFI’s new methods to easily determine the fees earned on the amount you provided during your interaction with the lending contract.

By reducing friction and eliminating the burden of contract interaction to earn a yield, RFI is truly a step forward in DeFi.

A Fair and Free Market

The RFI smart contract is complete at launch. There was no ICO, no pre-sale, and no fundraising of any kind. There are no more features to add. There is no individual or team to be relied upon to give RFI any value.

95% of the total fixed supply of 10M tokens goes into the initial Uniswap liquidity pool.

5% of the total fixed supply of 10M tokens goes to a 15 day yield farming program where they can be farmed by holders of Flow Protocol.

Yield Farming with Flow Protocol

There are few truly decentralized cryptocurrencies in this space. Flow Protocol https://flowprotocol.io is one of those projects which is also backed up with secure, formally audited contracts.

Flow Protocol addresses a long standing economic problem called the Cantillon Effect, where specific parties benefit from monetary inflation before others. Flow Protocol combats the Cantillon Effect with non-dilutive transactionless inflation, automatically increasing the balance of each holder daily without the need for a single transaction. This method allows for the token to be applied to modern DeFi use cases (like yield farming RFI) without diluting the token holders.

As a nod to the innovation and decentralization of Flow Protocol, 5% of the RFI supply can be earned over 15 days by staking FLOW/ETH LP tokens from Uniswap.

How and Where to Buy RFI?

RFI has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy RFI

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)

☞ SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

Next step - Transfer your cryptos to an Altcoin Exchange

Since RFI is an altcoin we need to transfer our coins to an exchange that RFI can be traded. Below is a list of exchanges that offers to trade RFI in various market pairs, head to their websites and register for an account.

Once finished you will then need to make a BTC/ETH/USDT deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase RFI from the exchange.

Exchange: Uniswap (V2) and 1inch Exchange

Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once RFI gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Top exchanges for token-coin trading. Follow instructions and make unlimited money

☞ Binance ☞ Bittrex ☞ Poloniex ☞ Bitfinex ☞ Huobi ☞ MXC ☞ ProBIT ☞ Gate.io ☞ Coinbase

Find more information RFI

☞ Website
☞ Explorer
☞ Source Code
☞ Social Channel
☞ Message Board
☞ Coinmarketcap

Would you like to earn TOKEN right now! ☞ CLICK HERE

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