🪙Reflection token

WHAT IS A REFLECTION TOKEN?

A reflection project is a token that charges a small tax percentage on every transaction on its blockchain. It then takes the tax collected and reflects a reward back to its current holders. Every holder receives compensation proportionate to their holding size compared to the circulating supply. The higher the transaction volume the token has, the higher the frequency and reward rate that is reflected on its holders.

THE MAIN PROBLEM WITH REFLECTION TOKENS

The problem that all reflection tokens face for long-term sustainability is that they require consistent trade volume to stay relevant. Once the trade volume drops, most holders sell their tokens and abandon the project. There is no correlation between the trade volume that generates the reflection rewards and the tokens speculative spot price. They work independently and against each other, ultimately sending the token into inevitable failure. So, the real question is: how do you get the volume that generates reflections to correlate with the spot price of the token?

THE REFLECTION TOKEN SOLUTION: BURN BABY BURN!

Say hello to Everburn. Everburn was developed to solve the problem that plagues all reflection tokens in the market, the correlation between volume and the tokens' price. Everburn not only reflects but first and foremost burns token supply. Everburn charges a tax on every sale and part of the tax collected is burned and removed from the circulating supply forever. Everburn is a deflationary token that burns a percentage of its total supply on an elliptic curve over time. This means that because the burn rate is percentage-based, it will burn its supply forever but never actually run out of supply as it will never reach zero. The burn rate will just slow down exponentially over time. Less circulating supply equals higher demand, which causes buy pressure and market supply shock.

REFLECTION REWARDS

Rewards are paid out to holders based on their holding size in ratio percentage to the total circulating supply. Burned coins are not calculated in this percentage, so as tokens are burned, your holding size ratio percentage increases over time and has a direct correlation to the size of the reward reflected back to the holder. This encourages long-term sustainability.