Among the various innovations made possible by blockchain and decentralized technologies is the concept of reflector tokens, implemented using smart contracts.
Hatchling Pools are generated from our smaller tier pool partnerships, however, we will be making the duration of the pools short to provide high APR's, we like to call these "Flash Pools" due to the fact that the staking period only lasts a few days but the rewards are high with APR goals of 200% to 1000%+
A Reflect Finance Token (RFT) is a digital unit of value (token or digital currency) that is programmed to generate continuous token rewards to its holders from the transaction fees realized from network activities such as buying, selling, and transferring tokens.
Wyvern token is an excellent implementation of the reflector token concept that uses in-built smart contract-based artificial intelligence to manage and execute transactions on the Binance Smart Chain. Wyvern token ($WYVERN) collects a 2% transaction fee for each transaction and frictionlessly distributes 50% of the taxed tokens to all wallets holding Wyvern according to the volume of Wyvern held. The remaining Wyvern generated from transaction fees is divided and contributed towards various purposes including providing trading liquidity and platform maintenance, while the rest is taken out of circulation to manage the potential for price inflation.
Wyvern’s taxation redistribution system is implemented using smart contracts written in Solidity and running on the blockchain, offering a transparent and independent automated passive rewards stream for all holders of the token.
Fair Stealth Launch
Token distribution is an issue that has always plagued the blockchain space. Often rewarding the rich but leaving the middle to lower class no opportunity. Wyvern token solved this problem by conducting a stealth launch, gradually building a large community of holders and achieving a more diverse distribution of tokens. This prevents a handful of users from holding a large percentage of the tokens. The price of Wyvern is thus protected from a significant downward spiral due to the exit of a few individuals.
As of this writing, the largest non-contract address owns roughly 3% of the total supply, compared to Doge, where the largest holder owns 28% of the supply.
With a 40% burn holdings address which will reduce overtime on scheduled dates.
Frictionless Infinite Yield
The Wyvern token algorithm enables the automatic and continuous distribution of Wyvern tokens to every wallet that holds Wyvern. The tokens distributed are generated from a 10% transaction fee levied on all Wyvern token transactions, including buying, selling, and transferring tokens from wallet to wallet.
Fifty percent of the realized fee is automatically locked in the Wyvern token liquidity pool, while the other 50% is distributed as rewards to every Wyvern holder wallet according to the ratio of their holdings to the current circulating supply.
The transaction fees, as well as the redistribution of the tokens to holder wallets, are designed to encourage long-term storing of Wyvern in order to maintain modest levels of market volatility. This system creates an infinite stream of Wyvern token rewards for holders, regardless of the trading price of Wyvern.
Automated Liquidity Growth
One of the biggest issues cryptocurrencies face is the acquiring of liquidity. Most liquidity in the current phase of DeFi is done through farming. Users provide their tokens as liquidity in exchange for a percentage of some of the exchanges trading fees for the pair the user provides. The model fails once users pull their liquidity after rewards are no longer attractive. With Wyvern, this risk is mitigated by the auto liquidity feature of the token smart contract.
As mentioned earlier, the Wyvern token smart contract charges a 2% fee on every transaction. It then deposits 25% of the realized fees as Wyvern in the liquidity pool indefinitely. It also purchases an equal value to BNB using its in-built analytic algorithm to determine the better option at the particular time, and adds the funds to the locked liquidity pool. The aim is to ensure market solvency as well as maintain a rising price floor by default.