With so many different cryptocurrencies out there, it can be tough to keep track of them all. But if you’re looking to invest in a new digital currency, you may want to consider reflection tokens.
What are reflection tokens? They’re a type of cryptocurrency that rewards users for participating in the network. By reflectively staking tokens, users can earn a share of the network’s transaction fees. Sounds great so far, right? Here’s how it works.
First, you’ll need to find a reflection token-compatible wallet. Once you have one of these wallets, you can send your tokens to it. Once your tokens are in your wallet, you can start reflectively staking them. This process involves approving transactions on the network in exchange for a share of the fees. The more tokens you stake, the more chance you have of being chosen to approve a transaction. And, as you approve more transactions, you’ll earn more fees.
Of course, there’s always a risk involved in any investment. The value of reflection tokens could go up or down, so you could end up losing money. But if you’re looking for a way to earn some extra cash, reflectively staking reflection tokens could be a good option. So, why not give it a try?
Best Reflection Tokens To Invest In 2022
Here we have listed some of the most popular crypto reflection tokens known to generate passive income. You’ll notice a pattern in these reflective markers, which we’ll discuss in a moment.
Safemoon is known as one of the first reflective signs. It charges a 10% transaction fee, 5% of which is reallocated to existing holders.
EverGrow Coin is one of the reflection tokens with a 14% tax on transactions, 8% of which is reallocated to existing investors. The reward is not EGC, but Binance USD.
The project requires you to hold at least 10,000 TIKI to have a chance to receive rewards. Tiki charges a 15% transaction fee, 10% of which is converted into BNB and credited to existing investors.
reflect.finance helps investors generate passive income by charging a 1% transaction fee, 100% of which is transferred to existing investors as a reward in proportion to their RFI holdings.
Gnox has recently appeared on the market and is getting popular with its reflection model. Still, in its presale, a token has many supporters.
GNOX holders gain rewards in return for investing in GNOX treasury funds to maintain liquidity.
Bottom LineAre Reflection Tokens Worth Investing In?
With over 19,000 cryptocurrencies available on the market already, it is getting difficult to: decide which one offers the best investment opportunities. Additionally, some portions of reflection tokens seem to be a fraud. If you are searching for newcomer crypto that is likely to succeed in the future, you can learn more about the Gnox project.