Blockchain
Reflex Finance Announces New Launchpad Features and V2 Migration
Roermond, the Netherlands–(Newsfile Corp. – March 31, 2022) – Reflex Finance, a hyper-deflationary token running on the Binance Smart Chain, has recently announced new details about its upcoming Launchpad. Also, the project’s representatives have disclosed the KYC process for other projects looking to launch through the platform. Lastly, they mentioned the imminent migration from the protocol’s first version (V1) to version 2 (V2).
The Reflex Finance team has been working on the Reflex Launchpad since the beginning of February 2022. Now, the developers announced they are offering buybacks of all tokens that launch through this feature. The platform will return the tokens to the launching token at a price available from the 1st to the 48th hour that passes after launch.
Reflex Finance
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Those using the Launchpad can take a picture at any time during this interval. Next, they must send it to the team via their Telegram channel and comply with the Launchpad rules. Furthermore, once the admins confirm the price, Reflex offers an additional discount of up to 15% off the buyback price. “Our goal at Reflex is to become the safest and most project friendly Launchpad in the crypto space,” says CEO Ryan Arriaga.
If you ask Chairman Myles Tweedy about his vision, “Our focus is to differentiate ourselves from traditional launch pads and bring a more human-centric feel to our services and act as a “full” launchpad in every sense of the word. Meaning, our additional services will also help serve and guide the entrepreneur to have the most successful launch possible.” Additionally, Reflex will post subscription offers consistently through the Launchpad to help new tokens grow. For instance, users may apply for Discord-building services at discounted rates. This service is also available on-demand to create an account within 24-48 hours without extra costs.
Lastly, Reflex teamed up with a marketing company to provide discounted rates on token launches and smart contract audits. The latter will be available for Gold Tier users. They also benefit from the strictest KYC process, background checks, and a rug pull-free launch. On the other hand, Silver Tier users can only access smart contract audits and KYC procedures.
Reflex Launchpad Security Details
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Tactical Onboarding
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Lower risk of fraud and users with fake credentials.
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Facial recognition that identifies people wearing 2D or 3D masks.
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Compliant with strict regulations, such as BaFin and FINMA.
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Support in the form of automated document recognition, AI, and Machine Learning comparison.
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The KYC process will search all databases worldwide, including international intelligence.
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A multi-platform functionality with support for Android, iOS, and web.
Migration to V2
Reflex Finance will migrate from V1 to V2 in early April and create a bridge between several networks and blockchains. For instance, this feature will link prestigious chains, such as Ethereum, Polygon, and Avalanche. Furthermore, it will maintain a 1:1 ratio for all the $REFLEX tokens users hold in their wallets. Lastly, the new platform will support farming and a custom DEX showing real-time pricing via charts.
About Reflex Finance
Reflex Finance launched in February 2022 as a hyper-deflationary reflection token on the BNB Chain (Binance Smart Chain). It runs on a liquidity-generating protocol with additional staking opportunities. Furthermore, it offers staking and farming opportunities, a Ticker, and the Legion Launchpad for token releases. Lastly, the protocol provides accelerated buyback and burn for $REFLEX tokens to decrease its supply while boosting its long-term value.
For more information on Reflex Finance, please follow these links:
| Website | Twitter | Telegram | Discord| YouTube |Instagram |Reddit |Whitepaper|
Contact Name: Ryan Bessems
Email: [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/118808
Blockchain
Alpha Transform Holdings Releases March Report on ASC AI Index
Blockchain
Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
In a recent communication directed to Treasury Secretary Janet Yellen, US Senator Elizabeth Warren has strongly advocated for the incorporation of robust Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures specifically tailored for stablecoins. Senator Warren’s correspondence underscores the critical importance of adopting the full array of AML tools outlined by the Treasury Department in a prior November 2023 communication to Congress.
Senator Warren has underscored the burgeoning threat posed by cryptocurrencies, particularly stablecoins, to national security. She has specifically drawn attention to instances where entities like Iran and Hamas have turned to cryptocurrencies as a means to raise funds and support terrorist activities. To effectively address this evolving threat landscape, Senator Warren asserts that any forthcoming crypto legislation must encompass comprehensive AML/CFT authorities as requested by the Treasury Department.
Moreover, Senator Warren has made reference to the testimony provided by Deputy Secretary Adewale O. ‘Wally’ Adeyemo before the Senate Committee on Banking, Housing, and Urban Affairs. In this testimony, Adeyemo emphasized the critical need for additional AML authorities to combat the growing menace posed by cryptocurrencies. Senator Warren has pointed out that the exclusion of crucial actors within the digital asset ecosystem, such as miners and validators, from AML/CFT requirements could potentially enable nefarious actors to exploit the increased crypto trading facilitated by stablecoin legislation.
Senator Warren’s steadfast stance on the regulation and oversight of cryptocurrencies is aligned with her prior efforts aimed at curbing illicit activities and safeguarding consumers, the financial system, and national security interests. She has persistently advocated for the closure of loopholes in AML regulations that allow sanctioned entities like Iran to derive revenue through crypto transactions. Furthermore, Senator Warren has consistently voiced concerns regarding the exploitation of cryptocurrencies in terrorist financing schemes and has called for the implementation of stronger regulatory frameworks to protect both consumers and national security interests within the realm of stablecoin-related legislation.
Source: blockchain.news
The post Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins appeared first on HIPTHER Alerts.
Blockchain
Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests
Binance has rolled out Binance Megadrop, a novel token launch platform that blends airdrops with Web3 quests. This platform enables users to engage in BNB Locked Products subscriptions and complete tasks within their Web3 Wallet to earn early rewards from chosen Web3 projects, even before their tokens hit the Binance Exchange.
The inaugural project featured on Binance Megadrop is BounceBit (BB), a BTC restaking chain. Here are the token specifics for BounceBit: Max Token Supply: 2,100,000,000 BB, Megadrop Token Rewards: 168,000,000 BB (8% of max token supply), Initial Circulating Supply: 409,500,000 BB (19.5% of max token supply).
To kickstart their journey with Binance Megadrop, users must log into their Binance account and ensure they possess an active Binance Web3 Wallet. From there, they can subscribe to BNB Locked Products and/or fulfill Web3 Quests to accumulate scores. These scores dictate the rewards received through the Megadrop program.
The scoring mechanism for Megadrop relies on the Locked BNB Score, determined by the quantity of BNB subscribed and the subscription period’s duration. Users also earn a Web3 Quest Bonus and a Web3 Quest Multiplier upon completion of designated Web3 Quests. The total score is computed by applying the Web3 Quest Multiplier to the Locked BNB Score and adding the Web3 Quest Bonus.
Importantly, only wallets created within the Binance Web3 Wallet and not external wallets will count towards Megadrop participation. Megadrop rewards will be airdropped to users’ Binance Spot Wallets.
Users must undergo identity verification and maintain at least one active Binance Web3 Wallet to qualify for Megadrop rewards. Additionally, certain jurisdiction-based eligibility criteria apply. Users from Australia, Canada, Cuba, Crimea Region, Hong Kong, Iran, Japan, New Zealand, Netherlands, North Korea, Russia, Singapore, Syria, United Kingdom, United States of America, and its territories are presently ineligible to participate in BB Megadrop.
Binance Megadrop is aimed at offering users an interactive and rewarding experience within the crypto realm. Further details regarding the Megadrop amount, Web3 Quests, and the comprehensive listing plan will be disclosed separately.
Source: blockchain.news
The post Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests appeared first on HIPTHER Alerts.
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