BLUESPARROW TOKEN: TOP OF REFLECTIONARY TOKENS
Now tokens can be developed using various mechanisms which make tokens more profitable for holders and have a real economic system. For example, most tokens now have a reflection system that will reward their holders. Holders will get rewards according to the number of tokens they hold. And not only that, several other mechanisms make tokens more innovative, modern, and profitable for holders. And this is what Blue Sparrow has to offer, it is a revolutionary token that offers its holders various benefits. The holders who hold the Blue Sparrow will get the opportunity to be able to get rewards from the tokens they hold. The rewards obtained by the holder come from the draw program organized by Blue Sparrow. Later, if users are lucky, they will get a pretty interesting reward.
Later Blue Sparrow will be distributed through several exchanges such as Uniswap, Hotbit, XT.com, and several other popular exchanges. Users will be able to buy as many Blue Sparrows as they want. The sooner users buy Blue Sparrow tokens, the greater the chance they will be able to buy Blue Sparrow at a low price.
The features offered by Blue Sparrow enable users to be able to get rewards on a daily, weekly, or monthly basis through the draw program. However, to participate in the draw program, users need to hold 500 Billion BlueSparrow Tokens, which will be verified by the system. But that's not all, there are several other features of Blue Sparrow:
Decentralized Platform: Blue Sparrow is designed with a decentralized system that does not allow manipulation or whales that will disrupt the Blue Sparrow ecosystem.
Spreading Globally: users can use Blue Sparrow from anywhere they want and from their various devices easily and securely.
Draw Mechanism: this is a mechanism that will regulate the users who will participate in the draw program and it will not allow any manipulation or cheating.
What are reflection tokens?
Reflection tokens are cryptocurrencies that reward holders by employing a mechanism in which transactions are taxed and a percentage of the tax charged is redistributed to holders of the token.
One of the reasons behind the tokenomics of reflection tokens is to prevent large price drops new cryptocurrencies often face from whales during their price discovery phase.
Also, since holders are rewarded with new tokens, the mechanism incentivises investors to hold onto their tokens long-term. Because of this, reflection mechanisms are seen as an effective way of keeping investors loyal to a project.
While DeFi tokens typically allow investors to earn an investment income through staking, liquidity mining and yield farming, reflection tokens are gradually becoming another way to earn yield on crypto assets.
Tip: Whale is a cryptocurrency term that refers to individuals or entities that hold a large amount of a specific coin. Whales hold enough of the crypto coin that they have the potential to manipulate the valuation of the cryptocurrency.
How do reflection tokens work?
With reflection tokens, every transaction in the network is taxed. Most protocols tax 10% of every transaction, which is usually distributed among all holders, a liquidity pool, and sometimes a coin burn wallet.
With this mechanism in place, investors can gain more tokens by “HODLing” the token, while also benefiting from a potential price appreciation that may occur through coin burns.
The reflection mechanism is decentralised and trustless as it's managed by a smart contract that automatically distributes tokens across the wallets of all holders, a liquidity pool, and a burn wallet. All that holders have to do is to ensure they manage their wallets carefully.
The whole process is transparent as every wallet that receives a part of the fee can be publicly audited on the blockchain.