Just 10 hours after the launch, the project already had 2,696 holders, $806,278 paid out in BUSD, and a $22M MCap. At the moment, there are over 4,000 holders and $1M already paid out in BUSD. In addition to exciting news, the project is bringing a secret utility in Q4.

The financial platform is creating a solid and infinite growing community. With its innovative and experienced team, Reflex Finance offers the crypto community a stable way of earning passive income. The project aims to disrupt and revolutionise the industry to benefit the crypto community ultimately.

Legion Launchpad at Work!

Recently, a Reflex Finance-backed project dubbed the Legion Launchpad will go live in the first quarter of 2022.  The launchpad aims to create a 100% secure token launching platform that is rug-proof on their network. According to Reflex's team, the launchpad was made by the people for the people. In addition, the team suggested that Reflex does not have long waiting periods or ignores new projects like PinkSale.  

By merging an all-in-one dex and launching platform, your buying power will be quicker and more precise on locking in costs and benefiting the community. The accelerated buyback and burn also helps the project to run fast. Notably, on Feb 2, the projects were listed on CMC and CG .

Staking to Earn on Reflex

Members of the Reflex community can stake their $REFLEX tokens on the staking dapp to obtain staking incentives in the native token. The Reflex Finance staking scheme is unusual in that, in addition to collecting $Reflex, stakers can also receive BUSD when they unstake. It's essentially the same as having a savings account with interest.

There is a 10% penalty if you unstake the total funds and lose stake incentives. Reflex will lock the APR of your stake. As a result, whether the project grows or decreases, the holder, who is locked in at the existing APR, will be unaffected. The staking period ranges from 7 days to 180 days with 5% to 40% APR ranges.

Tokenomics 

The total supply of $REFLEX is at one quadrillion. The ongoing presale will utilize 32% of the tokens and close on February 12, 2022, at 16:15 UTC. The presale rate is 1 BNB (400,000,000,000 Reflex tokens). The minimum purchase will be 0.1 $BNB, while the maximum will be 5 $BNB.

Note that the smart contract will distribute 8% of the total volume to all token holders. As a deflationary token, 1% of the tokens will be repurchased and burnt over time. Similarly, 34.1 % of the total token supply was burned before the presale. 

Reflex has set the locked liquidity for 14.9%. The individuals of the private sale are contractually obligated to hold $REFLEX for six months after launch. Meanwhile, the project reserves 3% of the tokens for future hires. Future hires will grow as the platform unlocks new features and brings in more use cases. 

The private sale will account for 14% of all the tokens. 2% of the total supply represents the team tokens, and the project will never sell these coins. The project will only pay the team in $BUSD reflections.

Roadmap Details

The first quarter of 2022, according to the roadmap, has already had a PinkSale presale, KYC, and Interfi audit. There has already been a Pancakeswap listing, CMC, and CG listing, all within a day of its launch. Meanwhile, its marketing campaign has just set off. In addition, we expect to see an NFT marketplace, $REFLEX staking pool, and dApp integration.

In the second quarter of 2022, there will be an NFT giveaway, team expansion, and a play-to-earn game launch. There will also be the wallet app launch, DEX listings, and voting.

In Q3 of 2022, Reflex Finance will give a sneak peek of the secret utility that they believe will disrupt the crypto space for the better. There will also be more exchange listings and $REFLEX merchandise. 

Towards the end of the year, in Q4, there will be a $REFLEX exchange, team expansion, and Reflex influencer marketplace.

About Reflex Finance

Reflex Finance is a cutting-edge liquidity generation and staking platform that allows you to earn consistent passive income. The project included an anti-whale mechanism to safeguard smaller investors. According to the team, the project aims to develop different income streams and new possibilities for the community.

Website: https://reflexfinance.net/ 

Telegram: https://t.me/reflexfinanceOfficial 

Twitter: https://twitter.com/Reflex_Finance 

Instagram: https://www.instagram.com/reflexfinanceofficial/ 

YouTube: https://m.youtube.com/channel/UCIcGozPp0vTrLbtc83AgzFg 

Discord: https://discord.gg/reflexfinance 

Reddit: https://www.reddit.com/r/ReflexFinance/

Russia sets out to treat cryptocurrency as a form of currency after the government and central bank reached an agreement on digital asset regulation. Russian newspaper Kommersant reports that the authorities will prepare a draft law on the circulation of digital currencies in the Russian Federation before February 18.  As per the latest move, cryptocurrencies […]

The post Russian Govt To Recognize Bitcoin As Currency appeared first on CryptoCoin.News.

The cops say they've recovered 80% of a $72 million cryptocoin heist... but the recovered funds alone are now worth over $4 billion!

Nas Daily featured Axie Infinity content creator Kookoo Crypto in their crypto week special.

The post Nas Daily Features Kookoo Crypto TV’s Crypto Journey appeared first on BitPinas.

With the first week of February almost over, let's take a look back at the news stories that dominated the worlds of Forex, Fintech, and Crypto in our best of the week segment.

Not long ago, Live Bitcoin News published an article discussing Facebook aka Meta and its decision to sell off any assets aligned with Libra/ Diem. It looks now like those assets have been sold and the project has officially come to an end. The Facebook Libra Project Is Now Fully Over The developers behind Diem...

The post Facebook Sells Off All Its Libra-Based Assets appeared first on Live Bitcoin News.

Catch up with all the latest news from the second exciting event of F1 Esports Challengers 2022!

The post F1 Esports Series Challengers 2022: Event 2 Round-up! appeared first on F1Esports News.

Deconstructing the layers of Bitcoin’s architecture shows that it already has the structure to replace our fiat system.

Prosecutors in the Uznach district of canton St. Gallen have fined former Chairman of Credit Suisse, Antonio Horta-Osorio 2,000 Swiss francs ($2,200) for breaching COVID-19 quarantine rules.

On January 24, the Cyprus Securities and Exchange Commission announced that it imposed an administrative fine of €3,000 on CIF Atlantic Securities Limited for non-compliance and market abuse.

The first two rounds of racing in the F1 Esports Series Challengers are in the history books, with our three groups of talented turning laps in anger for the first time.

Held across January-March, this six event, 12 race series will separate the great from the sublime, and offer us 18 incredible drivers to bring to the Pro Exhibition later this year. Here’s what went down in the first event!

XBOX ACTION

First up in the week’s trio of Challengers streams came the Xbox qualifiers. This group represented the fastest participants of the in-game events in October and November 2021, and the group of 16 assembled at Shanghai International Circuit, China.

Tom Manley put it on pole in the first race, but it was the pair behind him that caught the eye. A scintillating first-lap fight between Zak Oates and Ryan Jacobs for second pace saw half a lap of wheel-to-wheel racing. Oates ended up leading the race after the pit stop phase, but a penalty incurred during his pit stop dropped him well down the order, and out of the points. Manley led them home, with Jacobs second, and Sam McLean in third.

Lewis Groombridge took pole for the second race in Bahrain, but wasn’t able to capitalise, and instead it was Manley – who qualified a lowly P11 – who took the secondd win, using a brilliant alternate strategy to carve his way through the pack, making his move on the very last lap with superior grip. Jed Norgrove grabbed second after missing out in the first race, with Zak Oates third, after similarly missing out in China. With a near-perfect start, Manley sits on top of the standings with 50 points, ahead of McLean on 27, with Norgrove and Jacobs joined in fourth with 18 points.

PLAYSTATION RACES

Wednesday heralded the turn of the PS4 and PS5 racers, and Matthew Alder was the man in form in the first race in China. The 16-year-old put it on pole in Shanghai, and only lost the lead during the pits stop phase. Georges Nader and Duncan Hofland kept the pressure on behind in a major way, but they finished in that order to take the first podium of PlayStation Challengers 2022.

The second race in Bahrain provided heaps of entertainment from the off, with Dutchman Joost Nordijk taking pole position. He went largely unchallenged in the early stages, but there was plenty of action elsewhere. Lap 7 saw China race-winner Alder attack Marcel Altstadt, but they pair collided at Turn 1; the latter spinning, and the former falling out of the points late on.

With just a few laps to go, the race reached boiling point, as Noordijk, Mirko Suriano and Nader went three-wide into Turn 1. Though the circuit is wide, it wasn’t wide enough for all of them, and Nader spun after contact between the trio, dropping back and eventually retiring. Suriano defended from Noordijk, but it was no use, and the polesitter was back in front, taking the lead on the final lap. Copying his China form, Duncan Hofland completed the podium in third.

The results put Suriano and Hofland join on top of the standings with 30 points apiece, ahead of race winners Noordijk (28) and Alder (25).

PC DRAMA

As with the other two platforms, China was the first event, with plenty of familiar names among the grid. Tomek Poradzisz was the man to beat in qualifying, taking pole in Shanghai. He didn’t waste time in the racing, crushing the opposition with a winning margin of more than seven seconds – a lightyear in F1 Esports terms! Ulas Ozyildirim and Szelle Kristof completed the podium.

As night fell in Bahrain, John Evans was the man on pole, and he put up a hell of a fight, leading most of the race under the floodlights. As with many other races, Samuel Bean left it late to strike, and blasted past for the lead on the final lap, with a daring pass late on the brakes at Turn 1. Wilson Hughes completed the podium, with former F1 Esports Pro Series racer Floris Wijers close behind in fourth.

With that dominant win in the first race, Poradzisz leads the championship on 33 points, ahead of Bean in second on 27, and Ozyildirim third with 24.

The next Challengers streams will be coming your way in a matter of days, with Xbox, PlayStation and PC all back in action on February 1-3. See you there!

The post F1 Esports Series Challengers 2022: Event 1 Round-up! appeared first on F1Esports News.