Blockchain
DeFi 2.0 Innovation: Reflex Finance Announces First Ever No Sell Swap
Road Town, British Virgin Islands–(Newsfile Corp. – June 20, 2022) – Reflex Finance, an aspiring crypto start-up on the BNB Chain, has announced its most recent contract updates and upcoming utilities. Reflex is rapidly developing following a successful rebranding earlier last month. Moreover, the new services and utilities align with its goal of helping emerging projects launch successfully into the crypto space and provide value to already established tokens and Decentralized Finance as a whole.
Reflex Finance
Why Reflex Finance
Reflex Finance entered the cryptosphere in February 2022, aiming to bring an entire suite of DeFi services that would make the space safer for everyone. The project runs on a liquidity-generating protocol, supporting staking and farming through $REFLEX V2, its native hyper-deflationary reflection token. The built-in buyback and burn mechanisms, which are partly fueled by the various utilities’ revenue, enable the decrease of token supply while simultaneously increasing its value.
Earlier this year, Reflex Finance migrated from its first version of the protocol (V1) to an improved and fully scalable V2. This also opened Reflex to bridge several networks and blockchains, such as Ethereum, Polygon, and Avalanche.
One of the features separating Reflex Finance from other projects is its unique Launchpad. It has one of, if not the most thorough vetting process in the industry for tokens launching in their Gold and Silver Tier, adding another important layer of trust and security for buyers in presales. Crypto project owners, on the other side, can choose from an extensive portfolio of services and tools that cover the entire life-cycle of a cryptocurrency or token, from pre-launch to maintenance mode. The Launchpad, of course, also complies with strict regulations, such as BaFin and FINMA, and has multi-platform functionality, including Android, iOS, and web.
The Reflex Finance team is led by CEO Ryan Arriaga – an accomplished tech-entrepreneur and well-known figure in the crypto space through his former role as Global Head of Products at Safemoon – and currently consists of eight core members with decades of professional experience in Tech, Finance and Marketing.
Evolution of “sell-less”: The No Sell Swap
Currently, Reflex Finance is working on a Swap feature running on the upgraded contract, which will not sell REFLEX tokens for rewards, regardless of where the buy occurs. Of course, this functionality isn’t just limited to Reflex. Still, it can also be implemented in new tokens launching from Reflex Launchpad, as well as in existing tokens with upgradable contracts, making it one of the most significant DeFi innovations of 2022.
Most importantly, Reflex Swap’s low gas and swap fees should propel Reflex Finance to the industry’s top ranks and allow them to compete for a significant share of the decentralized swap market.
In line with Reflex’s proclaimed philosophy of wanting to improve the whole DeFi space, Arriaga says that the technology at a later point would also be available to be licensed out to interest other Swaps.
Next utility already lined up: Reflex Pulse
While the news about the No Sell Swap is still hot, Reflex Finance has also been dropping hints about their following utility. Reflex Pulse will be a service aimed at bringing more transparency into the DeFi space and is expected to be officially announced and launched in June. It would culminate an already very impressive second quarter for Reflex Finance.
About Reflex Finance
Reflex Finance is less than six months old. Despite the harsh conditions in the crypto market, the team has rolled out several utilities and has continuously enhanced and expanded its Launchpad services. Moreover, the new features running on an upgraded contract should attract more holders for Reflex V2 and motivate both new and established token projects to partner with Reflex Finance to take advantage of these exciting developments.
For more information on Reflex Finance, please follow these links:
| Website | Twitter | Telegram | Discord| YouTube |Instagram |Reddit |Whitepaper|
Contact:
Ryan Bessems
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/128302.
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Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
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