Reflections Explained
Last updated
Last updated
Reflections in crypto refer to a reward mechanism where token holders automatically receive a portion of transaction fees just for holding the token. This process is governed by the token's smart contract and ensures that rewards are distributed proportionally based on holdings.
Reflection Collections – A small percentage (e.g., 2%) is taken from each buy and sell transaction.
Redistribution – The reflections are then distributed to the holders proportionally.
Auto-Compounding – Since rewards are distributed in the same token, balances grow over time without requiring staking or claiming.
Passive Income – Earn more tokens automatically just by holding.
Encourages Holding – Selling means missing out on future reflections.
No Staking Required – Rewards are automatically distributed without additional steps.
Legal X will implement a reflection mechanism to reward its community by redistributing a 2% percentage of transaction fees to all token holders. This ensures steady accumulation of tokens over time, incentivizing long-term holding and engagement. The reflection system aligns with Legal X’s vision of creating a sustainable and rewarding ecosystem for its users.
