Overview

Introduction​

EternETH Reflect is an innovative ERC-20 token designed to operate on the Binance Smart Chain (BSC). It implements a unique reward system that automatically distributes Ethereum (ETH) to token holders through a transaction fee mechanism. This overview provides a comprehensive look at the key features and functionalities of the EternETH Reflect protocol. How It Works​

  1. EternETH is a ERC-20 token traded on UniSwap.

  2. A percentage of each trade is taken as a fee.

  3. The fee is swapped to ETH.

  4. The ETH is distributed as rewards to EternETH holders, Liquidity Pool and Ecosystem Wallet.

Key Features​

1. Automatic Ethereum Rewards​

  • Holders of EternETH Reflect tokens automatically receive Ethereum (ETH) rewards.

  • Rewards are distributed proportionally based on the number of tokens held.

  • No need to stake or claim; rewards accumulate directly in your wallet.

2. Transaction Fee Structure​

The protocol implements a 12% fee structure on each transaction:

  • Ethereum Rewards Fee: 10%

  • Liquidity Fee: 1%

  • Ecosystem Development Fee: 1%

3. Liquidity Generation​

  • A portion of the transaction fees is used to add liquidity to the EternETH /BNB pair on PancakeSwap.

  • This mechanism helps maintain price stability and increase liquidity over time.

4. Ecosystem Development​

  • The Ecosystem Development Fee is collected to support the overall growth of the EternETH project.

  • Funds are used for marketing, sponsorships, personnel, and operating costs.

5. Dividend Tracker​

  • A separate contract (EternETH ) keeps track of dividend distribution.

  • It ensures fair and efficient distribution of rewards to token holders.

Benefits​

For Holders:

  • Passive income through automatic ETH rewards

  • Higher rewards for larger holdings

For the Project:

  • Trading volume directly fuels rewards

  • Long-term holding is incentivized

Technical Implementation​

The EternETH Reflect protocol consists of two main contracts:

  1. EternETH : The main token contract that handles transfers, fees, and interactions with PancakeSwap.

  2. EternETH : A separate contract that manages the distribution of ETH rewards to token holders.

Security and Audits​

EternETH Reflect has undergone security audits by reputable firms:

  1. Certik Audit: View Audit Report

  2. Techrate Audit: View Audit Report

Risks and Considerations​

While EternETH Reflect offers innovative features, users should be aware of potential risks:

  1. Market Volatility

  2. Smart Contract Risks

  3. Impermanent Loss (for liquidity providers)

  4. Regulatory Risks

  5. Dependence on Platform Adoption

  6. Economic Model Risks

  7. External Market Influences

  8. Liquidity Risks

Users are advised to conduct thorough research and understand these risks before participating in the EverETH Reflect ecosystem.

Conclusion​

EverETH Reflect represents an innovative approach to token economics on the Binance Smart Chain. By automatically distributing Ethereum rewards to holders, providing liquidity, and allocating funds for ecosystem development, it aims to create a sustainable and attractive ecosystem for participants. However, as with any DeFi protocol, users should carefully consider the risks and potential rewards before participating.

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