Reflecto is a decentralized platform to fill the gap between traditional currency and cryptocurrency while bringing the benefits of the crypto world to people. The asset is a cryptocurrency that rewards its holders with multiple other cryptocurrencies. The platform is governed by Binance Smart Chain (BSC) and aims to have effective block speed and convenient transaction cost. Binance Smart Chain is a blockchain developed to run smart contract-based applications. The currency operates on an autonomous frictionless yield farming and liquidity generation protocol.
The whitepaper suggests that the currency is working on an application programming interface that can allow developers to integrate crypto payments into their system and create a wallet. Furthermore, the network seeks to create a wallet for iMenu to enable customers to pay their bills in cryptocurrency. iMenu enables restaurants to provide QR-based menus to their customers.
Reflecto aims to ensure crypto users of the Binance Smart Chain pay transaction fees in BNB to make a transaction on the blockchain. BNB is the native crypto asset of the Binance Smart Chain. BSC requires its users to hold BNB in their wallets to complete transactions. The asset solves this problem by allowing its token holders to make transactions without paying any BNB. Due to that, crypto users don’t have to hold BNB tokens to complete a transaction on the BSC blockchain.
Some of the highlights of Reflecto are:
REFLECTO is the ticker of cryptocurrency. Reflecto takes 10% transaction fees for every transaction in the network and redistributes it among holders in Reflecto and different cryptocurrencies. Out of total digital coins, the platform has 45% for presale and liquidity. The network aims to remove 50% of the total Reflecto coins from circulation. Another 3% is reserved for the founder and its team.
