Introduction to self-generating DeFi tokens

There is a new development in town. Some may call it a hype or a meme, altcoin or impact token. Most of these tokens share an interesting concept: reflection. It means that every transaction with one of these reflection tokens is ‘taxed’. In this article we will explain what is so cool about them. Firstly we will explain what reflections tokens are, secondly how to buy them and what to look out for. Lastly we will discuss several of the best reflective tokens in 2021.

Such ‘reflexive tokens’ or ‘reflection tokens’ distribute a percentage of every transaction back to its holders. The mechanism encourages token holders to hold on to their tokens in order to earn taxes from the transactions on the market.

Therefore, you get more tokens automatically and thus gain a profit from holding the crypto longer.

What are reflection tokens?

It means that such tokens inhibit a reflexive relation. In other words it means that the token ‘points’ to itself: a percentage of every transaction is used to fuel a liquidity-pool (currently the decentralized exchange PancakeSwap is popular for this) and a part of that same transaction is used to distribute back to the holders.

Most of these token contracts employ a static reward system. The tokens are launched with the idea of creating a community token with a self generating income mechanism for its owner.

The static rewards system is a concept that was pioneered by reflect.finance.

How to buy reflection tokens, meme coins and other altcoins?

First you need to create a wallet using a web wallet provider. After that you add the token you want to buy in the wallet. Click here how to add a custom token to MetaMask and TrustWallet.

Secondly you use the decentralized exchange Pancakeswap for Binance Chain-projects (BSC) or decentralized exchange Uniswap for Ethereum-projects (ETH) to buy your favourite DeFi projects or meme tokens.

Make sure to have the native coin (BNB for Binance, ETH for Ethereum) in your wallet. You need this to buy the actual token and for transaction fees.

Finally, on the exchange, select the token you want to buy. Paste the address of the token’s contract in case the token is not in the dropdown menu yet.

Check out the example for buying Bonfire below. More detailed information can be found via the token’s websites.

How to buy a coin on the Binance Smart Chain (BSC)

Step 1: Download Trust Wallet or use an existing wallet
Create a wallet if needed. Keep your seedphrase a secret! Never share it with anyone and store it properly.

Step 2: Add Bonfire to the Wallet
At the top, make sure you are on the network: Binance Smart Chain. Search for “Bonfire”. If it’s not there, tap “Add Custom Token” and paste in the contract address for your token.

In example, for Bonfire the contract address is: 0x5e90253fbae4dab78aa351f4e6fed08a64ab5590

Step 3: Buy Binance Smart Chain (BNB)
Buy BNB on Binance and withdraw it to your wallet, if you dont have it yet. You use this to buy the token and also for transaction fees on the blockchain.

Step 4: PancakeSwap
Navigate to PancakeSwap exchange and select the BONFIRE token. For newer coins, that are not in the menu yet you can paste the contract address of the token as well.

Step 5: Adjust slippage and swap
Click “Settings” at the top right and adjust the slippage. For Bonfire 12% works. It can be higher when there is more demand and thus more volatility.

Input the amount you want and buy your token!

Buying Shiba InuToken on the Ethereum chain (ETH)

Step 1: Download Metamask or use an existing wallet
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Step 2: Add Shiba Inu to the Wallet
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Most popular reflection tokens and meme coins

Buy Bonfire token 2021

Bonfire

Launched: 162 days ago.

Bonfire is a frictionless, yield-generating contract that allows you to seek shelter amidst the chaos of the market. Bonfire maintains the long-term goal of launching a decentralised social media platform.

Total Supply: 1 Quadrillion
Tax: 10% – 5% Liquidity and 5% Redistributed
Initial burn: 30%

NFT-Art.finance meme token buy

NFT-Art.Finance

Launched: 188 days ago.

NFT-Art.Finance is building a NFT platform for audible and visual art that will empower artists, creators, and investors with easy accessible and safe tools. NFTART is the token for utility

Total Supply: 100 Quadrillion
Tax: 10%: 5% Liquidity and 5% Redistributed
Initial burn: 50%

Rainbow Token on BSC blockchain - reflection token - meme coin - logo

Rainbow Token

Launched: 40 days ago.

$RAINBOW is a hyper deflationary, multi-faceted token that employs 7 resilient protocols popular right now in crypto. These seven protocols give it a unique position in the market to weather any type of storm.

Rainbow Token also incoperates a whale tax. See the whitepaper for details.

Total Supply: 1 Quadrillion
Tax: 7%: 1% each for Burn, Buyback, Reflect, Charity, Liquidity, Marketing/Development and Lottery
Initial burn: 5%

Shiba Inu Token how to buy

Shiba Inu

Launched: 408 days ago.

Decentralized Meme Token that grew into a vibrant ecosystem. Growing 220k+ Community and currently the only Ethereum reflection token in this list. As a gesture 50% of total supply was send to the creator of Ethereum, Vitalik Buterin as a ‘Proof of Burn’. Meaning that as long he did not sell, it could only moon.

Instead Vitalik burned 90% of his received and donated 10% to charity in May 2021, making the most epic donation ever.

Total Supply: 1 Quadrillion
Initial burn: 50%

Reflection Token Gamer GMR Logo

Gamer

Launched: 149 days ago.

GMR is a crypto developed by gamers for gamers.
The registered company is building a product that unleashes the potential for crypto inside the gaming world and already has a partnership with Turopium.
Use GMR to receive exclusive NFTs from content creators or to tip friends and followers.

Total Supply: 1 Quadrillion
Tax: 10%: 3% Burn, 2% Liquidity and 5% Redistributed
Initial burn: 50%, Gamer.finance does manual burns only since.

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buy safemoon token 2021

Safemoon

Launched: 210 days ago.

The SafeMoon Protocol is a community driven, fair launched DeFi Token. Three simple functions occur during each trade: Reflection, LP Acquisition, & Burn.

Total Supply: 1 Quadrillion
Tax: 10% – 2.5% Liquidity, 2.5% sold into BNB and 5% Redistributed
Initial burn: Safemoon does manual burns instead

xxx-nifty-adult-nft-token

xxxNIFTY

Launched: 144 days ago.

xxxNifty is a adult NFT platform. NFTs allow fans a new and unique way to interact with their favourite Adult Content Creators. NSFW, its token, will grant users access to unique streams,content, and access to the adult content creators in a way that has never been done before.

For the first 100 NFTs sold, the price was in the range of $150 – $1400. If you use the NSFW-token you also get 10% discount.

Total Supply: 69.696.969.420
Tax: 10%: 5% Liquidity, 2% Burn, 2% Redistributed & 1% Marketing.
Initial burn: 35%

moonpirate token how to buy

MoonPirate

Launched: 164 days ago.

MoonPirate is a token collaborating with distilleries/breweries to produce REAL alcohol. Ownership is renounced; the code cannot be changed.

Total Supply: 100 Quadrillion
Tax: 4%: 2% Liquidity, 1.2% Redistributed, 0.8% burned forever
Initial burn: 63%

Pitbull token where to buy

Pitbull

Launched: 194 days ago.


Pitbull is a self-staking token abandoned by its creator and from there on raised by the community. Half of the total supply has been burnt into a dead address in the beginning.

Total Supply: 100 Quadrillion
Tax: 4% – 2% Liquidity and 2% Redistributed
Initial burn: 50%

Wildfire Token how to buy

Wildfire

Launched: 141 days ago.

Unlike most other reflection coins, Wildfire features max-wallet-hold tokenomics of 1.500.000 tokens that result in more price stability and no whales dumping the market.

Total Supply: 100 Million
Tax: 10%: 7% Liquidity and 3% Redistributed.
Initial burn: 20%

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Risks when buying reflection tokens.

Please take caution when buying altcoins and meme tokens. There are always risks associated with smart-contracts. Where there is money to be made, there are scammers as well. Always do your own research. Most importantly is to make sure liquidity is locked and the contract cannot be rugpulled. Check this Rugcheck tool.

Last Updated on 23/08/2021 by Staff

10 thoughts on “Reflection Tokens and Meme Coins

  1. GMR is a real registered company. They are planning to take over the gamer space with NFTs, tournaments and content creator/viewer relations. You’re looking at a no brainier 20x+ gain at today’s price.

  2. Wildfire, it’s spreading and burning like crazy, and it just hit day 3.. ⚠️ chart looks healthy and clean as hell, we are technically fire…

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