Chill Guy is a viral meme illustration that took social media by storm before a crypto project used the meme to launch a Solana-based token. Learn more here.

What started as a simple illustration of a laid-back dog has become a global meme sensation, with the cartoon character known as Chill Guy dominating both social media trends and cryptocurrency markets. Created by artist Phillip Banks in October 2023, the easygoing canine character sparked a viral movement that has attracted major brands worldwide.

This article follows Chill Guy’s transformation from a social media sensation to a cryptocurrency asset. We'll examine its viral beginnings, community growth, market impact and what potential investors can expect from CHILLGUY in the future.

 is a viral meme illustration by artist Phillip Banks, depicting a laid-back dog in casual clothes whose easygoing attitude took social media by storm before a crypto project used the meme to launch Just a Chill Guy as a Solana-based token.

What Does Just a Chill Guy Aim to Achieve?

The CHILLGUY meme coin aims to spread a "Why worry?" philosophy into cryptocurrency markets by embracing the laid-back, stress-free attitude that made the original meme go viral. The project transforms this easygoing vibe into a community-driven token, where being low-key isn't just a catchphrase — it's a shared mindset among holders.

The CHILLGUY community brings this philosophy to life by sharing endless variations of the CHILLGUY meme across social platforms. Through market swings and viral trends, CHILLGUY keeps his iconic pose: hands in pockets, subtle smirk, perpetually relaxed.

Just a Chill Guy (CHILLGUY) operates as a Solana Program Library (SPL) token on the 

 blockchain, leveraging the network's ultrafast speeds and low costs to ensure smooth trading. The token was created using Pump.fun, a specialized platform that lets users launch Solana-based tokens without any fees, removing traditional barriers to token creation.

CHILLGUY is a community takeover (CTO), meaning it's completely owned and directed by its token holders with no central team in control. This decentralized structure ensures the project stays true to its community-driven nature, its holders collectively guiding its future while embodying the laid-back spirit of the original meme.

The CHILLGUY token launched with a maximum supply of 1 billion tokens, of which 999,965,435 are currently in circulation. This near-complete distribution of tokens to the market supports active trading and community participation.

What makes CHILLGUY's tokenomics particularly notable is its widespread distribution across more than 142,000 unique holders (as of Nov 27, 2024), achieved in just 12 days. This rapid expansion of its holder base demonstrates strong community adoption and aligns with the project's decentralized, community-driven principles.

CHILLGUY has exploded across social media, especially on TikTok, where the meme has amassed hundreds of millions of views. Its laid-back character resonates with users worldwide, inspiring countless creative adaptations.

Major brands worldwide have embraced CHILLGUY in their marketing campaigns. From Sprite Europe to NFL on CBS, the character has resonated across mainstream media, even catching the attention of global figures like El Salvador's president Nayib Bukele.

The “Chill Guy” meme’s influence spans multiple social media platforms, with a growing community of followers: 96.6K on X (

). On the other hand, the meme token itself also has a vast community, with 39.9K on X (

) and an active Telegram channel of over 15,000 members. These numbers reflect the meme's ability to engage audiences across different platforms.

The token's popularity in cryptocurrency markets matches its social media success, with CHILLGUY maintaining a substantial 24-hour trading volume of over $330.03M as of Nov 27, 2024. This high trading activity demonstrates the strong market interest in CHILLGUY beyond its meme status.

Looking to trade Just a Chill Guy tokens? Bybit now offers the CHILLGUY/USDT Spot trading pair and CHILLGUYUSDT Perpetual contract. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

While CHILLGUY has maintained strong trading volumes and continues gaining mainstream attention through its viral social media presence, investors should carefully weigh its strengths and risk factors before making investment decisions.

With its widespread brand adoption, sustained trading activity and explosive community growth of over 142,000 holders, CHILLGUY demonstrates significant market potential. However, meme coins are inherently volatile. Potential investors should 

 and invest no more than they can afford to lose.

CHILLGUY is the latest viral sensation to harness the power of the attention economy to convert social media momentum into crypto market success. While CHILLGUY has already demonstrated its ability to capture mass appeal, its position as a leading meme token will depend upon how effectively it maintains its cultural relevance and community engagement in this fast-moving market.

Intermediate

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Just a Chill Guy (CHILLGUY): Embracing the Art of Nonchalance

Zircuit (ZRC) combines optimistic and ZK rollups with AI-driven security, offering fast, low-cost Ethereum Layer 2 solutions. 

 network has flourished, mainly due to the ongoing network congestion, high fees and poor scalability of the latter. Many of these platforms use rollup technology, whereby batches of multiple transactions processed off-chain are bundled together and posted in bulk to the underlying Layer 1. Ethereum-linked rollups mainly come in two varieties 

 (ZK). While optimistic rollups boast lower computational overhead, the ZK variety of these networks features a higher degree of security.

Zircuit (ZRC) is a Layer 2 chain that adopts a hybrid approach, combining the elements of optimistic and 

. This lets the platform offer the performance benefits of optimistic technology along with the security of ZK validity proofs. To further enhance overall security, Zircuit uses a unique 

 (AI)–driven system of monitoring for malicious transactions.

 (ZRC) is a hybrid Layer 2 blockchain that combines the features of optimistic and ZK rollups, and uses AI-driven monitoring for potentially harmful transactions. 

 rollup development technology, a popular framework for building optimistic rollup networks. Additionally, it uses zero-knowledge proofs, which lets the platform offer the best of both worlds 

 the performance benefits of optimistic rollups and the security of ZK technology. Zircuit is 

The Zircuit project takes security very seriously, and has introduced a unique system of AI-based protection against malicious transactions at the sequencer node level. The use of ZK proofs and an AI-based protection system make Zircuit one of the most secure platforms in the competitive world of Ethereum Layer 2 chains.

Along with its excellent security benefits, Zircuit also boasts low costs, fast transactions, excellent scalability and 2-second block production intervals. All these features make it an ideal environment for 

 (DApps) in various niches, particularly 

 (DeFi). In fact, the leading protocols within the Zircuit ecosystem are all dedicated to the finance niche, with Zircuit Staking being the largest application by TVL.

With its heavy focus on DeFi, Zircuit aims to become a leading liquidity hub for various token types within the sector, including 

. These assets can be staked through the Zircuit staking program — supported by the platform's Liquidity Hub — to earn staking APRs, airdrop rewards and points based on the Zircuit Point program (covered further in our article).

The platform also operates a secure native bridging solution, 

, to help users transfer assets between its Layer 2 network and Ethereum Layer 1.

The company behind the project, Zircuit Ltd., was founded in 2021 in Canada by Dr. Martin Derka, Jan Gorzny and Angel Xu. Zircuit's testnet was launched in November 2023, but made headlines in April 2024 when the project reported that its 

 (TVL) had soared past $2 billion. While testnet TVLs are more a gauge of future potential for a blockchain than an indicator of its existing worth, the news attracted the attention of industry observers toward the platform. Following its highly publicized testnet success, Zircuit launched the first phase of its mainnet in August 2024. This was followed by the launch of the platform's native token, ZRC, in November 2024.

As a typical rollup, Zircuit uses an off-chain sequencer node to batch and organize Layer 2 transactions for subsequent posting to the underlying Ethereum Layer 1. The batches have ZK validity proofs attached to them to signal to Layer 1 validators that they’re free from fraudulent transactions. Zircuit's architecture also includes prover nodes, whose job is to produce these validity proofs.

However, unlike other rollups using ZK proofs (also known as validity proofs), Zircuit doesn't generate validity proofs for every block of transactions. Instead, some blocks have pre-generated template proofs, while others go through the process of having a dedicated validity proof created for them. After a few blocks featuring validity proofs, there are several more that utilize template proofs. The image below illustrates this approach.

The key reason Zircuit has adopted this form of proof design is that the process of generating ZK proofs is computationally intensive. By using template proofs for some of the blocks in a sequence, Zircuit can reduce the overall computational overhead. However, the project’s team has stated that the template proof model is temporary, and will be phased out in the future. At that stage, the platform will move to generating ZK proofs for each block.

Zircuit features a highly modular design whereby provers — responsible for generating validity proofs on the platform — can easily be plugged into or removed from the network. This modular approach is distinct from the standard ZK rollup design, in which provers are more tightly and less flexibly integrated into the overall architecture.

As noted earlier, Zircuit uses a dedicated sequencer to organize and batch transactions into blocks. The platform also applies AI-driven monitoring at the sequencer level (the Sequencer Level Security, or SLS) to spot and exclude fraudulent transactions before they’re finalized on Layer 2.

When transactions are first posted to Zircuit, they enter the 

 — a temporary area from which the sequencer picks and organizes individual transactions into blocks. The mempool is being monitored at all times, using AI algorithms to identify suspicious transactions. If a transaction in the mempool raises a flag, it's quarantined and assessed for validity before the sequencer can include it in a block. The image below shows how this process works.

One of the distinct features of Zircuit is its hybrid architecture, which combines the properties of optimistic and ZK rollups. At the base level, Zircuit is built using Optimism's Bedrock development framework, a technology popular for optimistic rollup networks. However, the use of ZK proofs — or, to be more precise, a combination of validity proofs and template proofs — ensures that Zircuit enjoys a security level that standard optimistic rollups normally can't match.

The use of AI-based SLS provides robust security to Zircuit, complementing the already highly secure ZK proof system. Very few Layer 2 networks in the industry currently feature anything similar, making the platform a true pioneer of AI use for sequencer-level operations.

Like any rollup based on Optimism Bedrock, Zircuit enjoys EVM compatibility. This allows for smooth interoperability with the underlying Ethereum Layer 1. EVM compatibility also makes it easy for developers familiar with Ethereum’s environment to develop Zircuit-based DApps, or to port existing Ethereum applications to the platform. Developers can take advantage of technologies commonly used for Ethereum (e.g., the Solidity programming language and the Hardhat development framework) to build Zircuit applications and smart contracts.

Zircuit Bridge is a native bridging solution designed to easily transfer tokens between Ethereum and Zircuit. It boasts high security, low transaction fees and fast transfers, and allows users to move a variety of cryptocurrencies between Ethereum and Zircuit, including ETH, 

) and LRTs like Super Symbiotic LRT (weETHs). As of late November 2024, the total number of cryptos supported by the bridge is close to 30.

Zircuit has launched a reward program called Zircuit Points. Users can earn these Points by staking supported assets, and by participating in the Build to Earn initiative (more on this below). Accumulated points will be converted to ZRC tokens in the future. Points also create the opportunity to qualify for token airdrops.

The primary way for most users to earn Zircuit points is via 

. The Zircuit Staking program lets you stake LSTs, LRTs, popular stablecoins, some wrapped tokens and Ether (ETH) to earn points. Using LSTs and LRTs, you can earn yields (along with native Zircuit staking APRs and Points) from the respective staking and restaking platforms that issue these assets.

Zircuit Points earned via staking have different multipliers, depending upon the asset. For example, Ether has a multiplier of 0.5, while LSTs, LRTs and stablecoins have a multiplier of 1. Multipliers for different LST and LRT assets may be subject to change in the future.

Build to Earn is another way to qualify for Zircuit Points. The program allows developers to contribute to the Zircuit ecosystem and earn Points in a number of ways, including:

Launched in November 2024, ZRC is the platform's native cryptocurrency. It's an 

 asset deployed on both Zircuit and Ethereum Layer 1. ZRC is mainly used for reward distributions, and participation in token airdrops for ecosystem DApps. Currently, transaction fees on the network are paid in Ether. It's possible that, in the future, ZRC might be used for some transaction fee payments.

ZRC is also used for rewards under the Gas Rebate program. As users conduct transactions on the platform, they 

. Zircuit’s Gas Rebate program provides rebates to offset some of the incurred fees. The amount of ZRC earned as a rebate is proportional to the amount spent on gas in ETH; the project's documentation states that for each ETH spent on gas, the user earns 125% in ZRC. All kinds of gas fee payments qualify for the rebate, including ordinary asset transfers and transactions involving interaction with Zircuit DApps.

ZRC is a supply-capped token, with a maximum and total supply of 10 billion. The token's supply allocation shares are as follows:

The ZRC token is available on Bybit's Spot market as a swap pair with USDT (

 to grab a share of the 5 million ZRC prize pool. New users who sign up for a Bybit account and complete identity verification can earn ZRC rewards by accumulating a deposit volume of at least 2,000 ZRC, or by depositing 100 USDT and trading 100 USDT worth of ZRC via their first trade with Bybit. 

Meanwhile, existing users can qualify for ZRC rewards by trading at least 500 USDT worth of ZRC on the Bybit Spot market, with the possibility of earning up to 10,000 ZRC based on trading volume. The 

 event will run through Dec 10, 2024, 8:59AM UTC.

Zircuit is among the pioneering Layer 2 platforms to adopt a hybrid design for a rollup network. Thanks to the platform's architecture, users can take advantage of low transaction costs, fast transfers and great scalability while enjoying the benefits of high security delivered by ZK proofs and AI-driven mempool monitoring. AI-based monitoring for fraudulent transactions is a particularly notable feature of the platform and is undoubtedly among the most advanced technologies employed in the blockchain industry.

User security combined with faster and cheaper transactions for the Ethereum network — all in one package — is now feasible, thanks to Zircuit's innovative technology and unique approach!

Advanced

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What Is Zircuit (ZRC): Where Performance Meets Cutting-Edge Security

Bybit is celebrating its sixth anniversary with the #Super6Bybit event, offering a $1.2 million prize pool and focusing on its bbSOL token.

Daily Top Performer — Virtuals Protocol (VIRTUAL)

On Wednesday, the S&P 500 fell 0.38% as tech stocks dropped and inflation data reinforced a hawkish Fed outlook. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 0.40%, with Bitcoin and Ether dropping by 1.86% and 1.79%, respectively in the past 24 hours.

Today's top performer is VIRTUAL, which surged 53.6% following the launch of the $MUSIC token by Agentstarter, featuring AI-driven music video capabilities and community-focused tokenomics.

Virtuals Protocol (VIRTUAL), founded in 2021, allows users to invest in and co-own AI-driven virtual assets like companions and influencers. Its model fosters community ownership, transforming AI agents into revenue-generating assets across platforms like Roblox and TikTok. The platform attracts contributors from AI and gaming to drive innovation in virtual economies. 

, using AI to create music videos and offering features like animated videos, voice mimicry, and karaoke tracks. The tokenomics allocate 60% for airdrops, 20% for liquidity, and 10% each for the development team and Virtuals Protocol.

Check Out the Latest Prices, Charts, and Data of 

Bybit is celebrating its sixth anniversary with the 

, offering a $1.2 million prize pool and focusing on its bbSOL token. Launched in September 2024, bbSOL is the first exchange-backed Liquid Staking Token on Solana, providing liquidity and staking rewards. The campaign, running from November 28, 2024, to January 6, 2025, invites participants to build, transform, and supercharge their bbSOL through tasks, leaderboards, and community milestones, increasing rewards. The event combines gaming mechanics, community engagement, and opportunities to win prizes while promoting innovation and growth in the crypto space.

Yesterday, there were no flows in BTC Spot ETFs, including GBTC and non-GBTC categories.

. Stake BNB on Lista's portal to get slisBNB, then deposit it into Astherus to earn airdrop points with multipliers (3X for Lista, 1.15X for Astherus). No lockup is required, and slisBNB is the most efficient option.

Beginner

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Bybit Celebrates 6th Anniversary with $1.2M Prize Pool and bbSOL Supercharging Campaign

Our weekly crypto derivatives analytics report delves into macro events, the current state of crypto and trading signals from spot trading volume, and futures, options and perpetual contracts.

ETH has outperformed, bolstered by SEC Chair Gary Gensler's announcement of his Jan 20, 2025 departure, and suggested by growing open interest in ETH perpetual. This positive momentum extends to several large-cap altcoins previously scrutinized by the SEC, as indicated by bullish funding rates for long positions.

Please check out the report’s highlights.

ETH Open Interest Grows While BTC’s Declines

ETH is outperforming BTC following the announcement of SEC Chair Gary Gensler’s departure, as evidenced in perpetual swap markets. BTC open interest has decreased from last week's highs, while ETH contracts have increased. Additionally, ETH trade volumes constitute a larger share of daily trading as compared to much of the past six months, despite an overall dip in trade volumes this week. The gradual decline in BTC open interest, without a surge in trading activity, indicates a strategic repositioning, rather than a wave of liquidations.

BTC Option Curve Inversion Deepens as Price Retreats

The pullback in the spot BTC price from the $100K target has led to a flat ATM volatility term structure, with short-tenor options dropping below 60%. 

This trend continues the correlation between term structure inversion and BTC spot price returns observed since the U.S. election on November 5, 2024

. The decline in front-end volatility aligns with lower realized volatility levels. While demand for short-tenor options has moderated, there hasn't been a notable change in open interest for calls or puts. Instead, their growth has stalled at the week's start.

Sentiment in ETH options markets seems moderately more bullish than in BTC's during the recent decline in momentum from the post-election rally. Call options lead in both trading volumes and open interest. 

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Bybit X Block Scholes Crypto Derivatives Analytics Report (Nov 27, 2024): Signal on ETH Outperformance Against BTC Surfaces on Long-Term Contracts

Bybit Learn

Crypto

Reflection tokens pay token holders a portion of collected fees simply for holding them through a static reward system. Find out how they work in this article.

The cryptocurrency world continues to evolve at a rapid pace. One of the most exciting areas of growth is in the 

 (DeFi) sphere. Throughout the history of cryptocurrencies, investors have been attracted by the possibility of generating profits from their trades. In addition to trading, profits have come from 

 and rewards. However, the complexities of some of these options have been prohibitive for small and new investors. Now, reflection tokens present investors with an opportunity to 

Reflection tokens are also known as reward tokens, because they pay token holders a portion of collected fees simply for holding them through a static reward system. Their functionality provides investors with a source of passive income.

A portion of the transaction fees assessed on cryptocurrency transactions can be passed on to investors holding reflection tokens. The process is completed through a reflection mechanism that uses 

 to distribute the tokens to all investors in the liquidity pool. While this may seem like a complicated process, it’s simpler than either mining, staking or 

. Thus, crypto reflection tokens make it easier for investors of all skill levels to generate passive income from their holdings.

Cryptocurrency markets are well-known for their volatility, which is often the result of traders trying to achieve gains through buying low and selling high. For example, when 

, or major cryptocurrency investors, buy and sell a large number of crypto coins at one time, values can rise or dip dramatically in a short period of time. 

Reflection tokens provide investors with another way to earn income, encouraging investors to hold rather than trade their tokens. This promotes market stability and allows investors to profit, even if they don’t have the time available to constantly monitor the market.

The reflection mechanism gives token holders a percentage of the transaction tax imposed when a native token is traded. Distribution is equitable to all liquidity pool providers, based on their share of the pool. Smart contracts ensure that the reflection process is fully transparent and executed instantly.

Reflection tokens also benefit each program responsible for its native coin. This benefit stems from raising and maintaining funds that can be used to further develop the program, which can use a portion of its transaction tax to fund growth and stability.

Crypto reflection tokens offer benefits to the platforms responsible for their native tokens, as well as to their investors. Specifically, they benefit both new and experienced investors, regardless of the size of their investments. Let’s look at the specific benefits offered by reflection tokens.

As noted above, by offering a financial benefit to investors holding their tokens, reflection tokens serve an important value stabilization function.

To profit from cryptocurrency trading, investors must keep a constant eye on the market and be ready to execute trades at the most opportune time. Reflection tokens, however, create a passive income stream for tokens held in the investor’s wallet. There’s no need to constantly check the market in order to earn income from reflection tokens.

Investors may also earn rewards for holding tokens through staking. While staking may initially seem like an easy process, the reality is that it can be somewhat complicated on various platforms. More than that, some platforms require a long-term hold that makes staking relatively unattractive. Buying crypto reflection tokens requires minimal effort. Once the tokens are in the investor’s wallet, they’ll continue generating income until they’re sold.

Each platform has its own staking process, although many distribute staking rewards only on a relatively extended schedule. Some platforms require the pool to remain a specific size in order for investors to receive rewards. On the other hand, reflection token rewards are generated and distributed in real time, thanks to a reflection mechanism rooted in smart contracts.

It’s impossible to accurately predict the future value of any cryptocurrency. However, since reflection tokens encourage investors to hold their tokens with the benefit of a stable passive income, investors are naturally inclined to purchase more tokens to grow their passive income. When this happens, the token’s value may appreciate due to the increase in demand as buyers hold their tokens. While other factors may also drive cryptocurrency values, reflection token holdings do place upward pressure on value.

While reflection tokens offer considerable benefits for both investors and the tokens’ platforms, there are some pitfalls and downsides which can impact the profitability and other aspects of your investment. What should you know about reflection tokens before making an investment?

Transaction taxes are generally assessed both when tokens are bought and sold. This means that you may pay a transaction tax on your initial purchase of reflection tokens. As a result, all investors will initially begin in the hole and remain in the red on their investment until that tax has been recouped. It’s reasonable to anticipate this will take at least a few months. Therefore, investing in reflection tokens should only be considered for long-term gains.

Currently, reflection tokens are available on 

 (DEXs). Because of this, investors may be at a greater risk of loss related to fraud. One example of fraud to watch for is known as a 

 Because of this potential risk, some investors may be inclined to initially limit the size of their investments.

Reflection tokens generate money for token holders when the native token is bought and sold. When the cryptocurrency is being heavily traded, reflection token holders may see strong gains. However, when trading volume is slow, the return for coin holders can dry up substantially.

Reflection tokens are still relatively new in the cryptocurrency world, so all of the potential risks and pitfalls may not yet be clear to investors. In addition, there are a limited number of reflection coins to choose from at the moment.

Reflection Tokens vs. Hyper-Deflationary Tokens

Some cryptocurrency investors may identify some similarities between reflection tokens and hyper-deflationary tokens. In reality, these are both types of deflationary tokens, but they function in different ways and have different impacts. 

Both reflection tokens and hyper-deflationary tokens have a deflationary function. This means that they decrease the number of tokens in circulation over time. In doing so, both of these tokens can cause value appreciation.

In addition to this functionality, these types of tokens share another benefit: They both encourage investors to hold their tokens for financial gains. But while each offers the opportunity for profits, they accomplish it in different ways.

Reflection tokens pay token holders rewards from transaction taxes. Taxes are generated regularly from both purchases and sales. As a result, reflection tokens provide a passive income stream for investors for as long as the tokens are held. Hyper-deflationary tokens, however, offer financial gains only through the sale of tokens.

To understand the difference in this key area, it’s necessary to learn what makes these tokens deflationary. Reflection tokens reduce their numbers in circulation by encouraging long-term holds. These tokens aren’t burned, however, and can re-enter active circulation. Hyper-deflationary tokens, however, burn a percentage of tokens for each transaction, causing a decrease in circulation. As the number of tokens in circulation decreases, the value increases.

How to Earn Passive Income With Reflection Tokens

By taking a few steps today, you could establish a passive income stream through crypto reflection tokens. The first step is to choose your reflection token. While there’s a growing variety of tokens to choose from, they differ greatly in key areas. As you explore your possibilities, take a moment to review each project’s mission, team experience and history. You can also read consumer reviews and research transaction fees.

Once you’ve decided which reflection token you want to hold, you’ll need to fund your purchase. These tokens are usually purchased with stablecoins or major cryptocurrencies, such as BTC and ETH. If you don’t hold such cryptocurrencies, you’ll first need to purchase them through an exchange like Bybit. You can 

 to get started. In addition, if you don’t yet have a crypto wallet, you’ll need to create one to hold your reflection tokens. 

To invest in reflection tokens, swap your cryptocurrency(ies) for the reflection tokens you’re interested in. This can easily be done through a swapping platform. Be aware that swap platforms only offer specific token pairings. You’ll need to research swap platforms to find one that offers the reflection tokens that you wish to buy. 

When you buy your reflection tokens, you’ll be responsible for paying the transaction tax. However, once your reflection tokens are in your wallet, you can start earning rewards. Other than holding your tokens, you won’t need to take any additional steps to qualify for rewards.

The profitability of your investment of reflection tokens is strongly rooted in the tokens that you invest in. Everything from the up-front transaction tax that you pay to the distribution structure, trading volume and more will play a role in your return. With this in mind, what are some of the leading reflection tokens to consider?

, or EGC, is one of the newer options available, but it’s already attracted ample attention from investors, thanks to its generous reflection system. Specifically, all EGC transactions are assessed a 14% tax. The instant distribution amount to reflection token holders is 8%. Unlike other reflection token platforms that pay rewards in their native token, EverGrow Coin pays its rewards in 

 by EverGrow Coin within just a few months of its launch.

Another reflection token to consider is 

, or RFI. This is established on the Ethereum network. All RFI transactions are subject to a 1% fee, which is directly distributed to token holders. The allocation is based on each investor’s position. Notably, RFI token holders can continue to earn passive income through reflections while also generating income from staking or yield farming.

 has a unique concept that offers users the chance to earn daily rewards simply by holding particular NFTs and participating in competitions. It’s based on giving all token holders a chance to win a lottery. As soon as an NFT is purchased, it grants users entry into a competition held on the platform, as well as a portion of the rewards pool, which is made up of 1% of the total profit earned from every competition held on the platform.

 is to create a decentralized virtual world. Bonfire was established in April 2021 and has a total supply of one quadrillion tokens. All Bonfire transactions are assessed a 10% fee. This fee is evenly allocated for rewards and redistribution.

Are Reflection Tokens Worth Investing In?

Crypto reflection tokens can be a solid investment, but they do come with risk. For example, the overall value of the tokens may decline, due to market volatility, which can impact the investor’s balance and even lead to a loss in total value. Token holders must pay a transaction fee up-front when they purchase their tokens. Depending on factors like trading volume and return rate, it may take several months or longer for the token holder to break even with their investment, and to start earning money. 

With this in mind, reflection tokens are a good investment for those who plan to hold their tokens for a long period of time. Passive income can be generated as long as your tokens are held. In addition, depending on price fluctuations, investors may need to time the end sale of their tokens, based on market value.

Reflection tokens are relatively new to the cryptocurrency world. Currently, reflection tokens are associated with altcoins and meme coins, and they’re used as a means of maintaining and increasing a program’s liquidity pool. With this in mind, they serve an important purpose to these programs, and can promote a platform’s growth and development. Because reflection tokens benefit both investors and programs, they could increase in both popularity and prevalence going forward, so we may see more reflection programs introduced in the years to come.

While reflection tokens are a new way for investors to earn passive income, they’re already popular with smaller investors, as well as whales. As more investors discover the benefits that they offer, and as more reflection programs come online, it’s probable that reflection tokens will become a more mainstream passive income generation method for investors.

What Are Reflection Tokens in Crypto & How Do They Work?

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