As you all know, the goal of Cryto Gem Dex is to bring value to the crypto community doing reaserches on the market in order to discover interesting decentralized projects and dig into them.
Today I want to talk about Reflect Doge, a community driven multichain project with a well-designed tokenomics for steady growth through a safe contract (which is one of the thing we should look at once we choose a project), burned liquidity and of course, utilities.
But let's see the details even more closely by going down into the technicalities.
designed for moon thru well-designed tokenomics and utilities backed by the most based names on the BSC and POM thriving DeFi community.
Fairly low taxes and immutable renounced contracts through the entire Ecosystem make ReflectDoge be apart of most of the Average Defi Projects. They injected a Nano LP of 0.1 #BNB in their Stealthlaunch on November 2022. LP is on a stable 60x while paying out multiple Passive Income Streams to their active Community Members which, of course, is a very important part of the project. And should be in each and every project in the crypto space.
Another interesting utility, is their Native Smart-Swap in Collaboration with DCU. It offers you a 3% Cashback airdropped when you buy through it. Not bad idea considering that when you buy through a swap you have to consider fees, slippage, price impact and so on. It might be seen a shock absorber a kind of incentive to entice people to use that.
I also decided to do some research on ReflectDoge because this week on #Binance we are dedicating our attention to #NFTcommunity and I foundthat NFTs are an important part of RFLCTD
They have 4 NFT Collections which add more passive income Streams. Beside NFT Scratchtickets they have a 3D Metaverse Gaming in Beta on Windows and Android (iOS pending) in Collaboration with DefiKings.
Their NFT assets are verified on the Multichain Marketplace Darksea plus Free-to-play-to-win-to-earn NFT Scratchtickets are mintable and they might add value because there is a chance to turn it into another "hold-to-earn-passive-income" opportunity. External NFT Injections (paired with Passive Income in form of 20% Reflections per Mint) further benefit the Pool Balances.
But what about Multichain Gamified Staking Pools?
Well checking it since the beginning it looks like they grow steadily and are sitting on the following numebers after 20 Days since inception:
POM: 1,494,129.334724276770578966 POM ($4,486.42 USD)
BSC: Balance:13.564605621466654939 BNB $4,029.77 (@ $297.08/BNB)
So what is Gamified Staking you might ask...How does it work? Fair question since it is a kind of cool concept but I also had to dive into it because something new to me.
The thing is that each investor "sacrifices" their Principal to turn it into Yielding Power. You can compound and claim whenever you wish to do so and earn up to 10% Daily APR depending on your Compounding Strategy and the overall Sentiment of the Pools.
But it doesn't end there...a 10% Treasury Fee applies to feed Buybacks + the 1-Level downline Referral Reward for doing your Part for Working your own Bags. That's another important part because keeps community active.
Well, to conclude the project analysis, since one of the most important aspect of the crypto space is safety, let's look into it.
Nowadays, especially in Dex market, people are concerned about many projects being shady or internal draining scheme.
To assure Trustless Security, RFLCTD want to provide 100% integrity and transparency: team renounced all their contracts.
How you may ask. Well, they removed all Owner Functions and BURNED their Liquidity so nobody will ever be able to "touch" or "rug" LP beside of trading tokens. And to add more value and reliability team decided to be audited and KYC'd by well known agencies (Certik, Interfi, Spywolf, Assure Defi).
So if you appreciate Decentralization, Art, Tech, Community, Memetility and Passive Income I think you will love this article!
We come to the end of my article and I hope it was comprehensive and not too technical!
Dont forget to comment below and let me know what do you think about it! And as always DYOR!
