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Tag: rug pulls

Fake alert! New projects pose as prominent brands to lure crypto investors

Projects trying to mimic popular brands such as Tesla, Jurassic Park, Meta and Animoca Brands are trying to lure people to buy their crypto tokens.

The Next Safemoon, Reflex has the Team to Make it Happen

According to the President and CEO of Reflex Finance Myles Tweedy, in the first 48 hours, 4,000 holders and 1 million dollars in BUSD had been paid out already.  

"The people are what make this project so special. The team is fantastic. We have an amalgamation of developers from all over the DeFi space, with talent that has already proven themselves."

Disrupting the Crypto Industry

Tweedy mentioned that the primary focus of the Reflex project is to disrupt and revolutionise the industry for the benefit of the general crypto community.

Reflex's launchpad aims to launch projects safely, fairly, and more hassle-free than the current competition. Reflex insures against rug pulls and scams, which it can do while making their investors a lot of money with passive income. 

Tweedy mentioned that crypto has to solve a problem or serve a purpose, and they will do both. Reflex will burn bad actors, and they will not allow people to be hurt any longer. “People are taken advantage of every day, and it's time to change that”, says Myles. The project also has proper customer support for faster contact with the users. 

Earning Passive Income on Reflex

Staking rewards in the native token are available to members of the Reflex community who stake their $REFLEX tokens on the staking dapp. The Reflex Finance staking mechanism is unique in that stakers can get BUSD in addition to $Reflex when they unstake. It's practically the same as having an interest-bearing savings account.

If you unstake the whole money and lose stake incentives, you will be penalized 10%. Reflex will lock in your stake's APR. As a result, the holder, locked in at the current APR, will be unaffected regardless of whether the project develops or shrinks. The staking term extends from 7 to 180 days, with APRs ranging from 5% to 40%.

What the Future Holds For Reflex Finance

According to the Reflex CEO, the future is Reflex. The project has already announced the Legion Launchpad, a game-changer in the DeFi space for upcoming projects. For every project that chooses to embark on the Reflex platform, and for every investor who invests in those projects, the future is bright.

As the CEO puts it, Reflex is looking forward to working with so many upcoming teams and future DeFi leaders in their own right. He also firmly believes that steel sharpens steel. With his team working alongside these new projects day in and day out, the standard operating procedure becomes a product with near-perfect quality.

Reflex has many things lined up to create volume in its ecosystem. By Q4 2022, Tweedy believes that Reflex Finance will be one of the world's top globally recognized crypto projects. "We're going to take over completely, and our competitors should be worried about us."

According to the roadmap, the marketing campaign has only recently begun. We anticipate an NFT marketplace, a $REFLEX staking pool, and dApp connectivity this first quarter. For the second quarter, there will be NFT giveaways, play-to-earn game launches, and DEX listings, among others.

About Reflex Finance

Reflex Finance is a liquidity generating protocol with staking opportunities. Users can buy and hold $REFLEX then earn $BUSD. The project also includes an anti-whale mechanism to safeguard smaller investors. Reflex Finance creates value and engagement through multiple utilities released throughout 2022.

Website: https://reflexfinance.net/ 

Telegram: https://t.me/reflexfinanceOfficial 

Twitter: https://twitter.com/Reflex_Finance 

Instagram: https://www.instagram.com/reflexfinanceofficial/ 

YouTube: https://m.youtube.com/channel/UCIcGozPp0vTrLbtc83AgzFg 

Discord: https://discord.gg/reflexfinance 

Reddit: https://www.reddit.com/r/ReflexFinance/

Yield Farming On Ubeswap: Profiting From Farming  SOURCE Tokens 

Ubeswap

The post Yield Farming On Ubeswap: Profiting From Farming  SOURCE Tokens  appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The buzz surrounding yield farming these days has made several investors question the lucrativeness of the farming tokens. Yield farming is adding more tokens to a pool of two or more coins to earn some profits. Yield farming has been around for a couple of years, but many deter from involving themselves with it due …

NFT Scams: How to Avoid them and Keep SAFE!

Scams and scandals are a dime a dozen in the crypto industry. Every morning as I open my crypto newspaper (aka Twitter), I’m almost guaranteed to find at least one piece of news relating to hacks, rug pulls, phishing attacks, wash-trading, compromised wallets, etc., across the crypto-verse. However, this is expected as most blockchains, cryptocurrencies, […]

The post NFT Scams: How to Avoid them and Keep SAFE! appeared first on Coin Bureau.

Dexalot: Brings CEX Functionality to a Decentralized Trading Platform

Dexalot is a unique decentralized platform that has the goal to deliver the traditional centralized exchange platform experience through a decentralized application on-chain. You only need your crypto wallet. There are no intermediaries, swift transactions, and no custodial ownership. Users can maximize their investment with low fees and with new features in the future and [...]

The post Dexalot: Brings CEX Functionality to a Decentralized Trading Platform appeared first on Blockonomi.

Crypto rug pulls: What is a rug pull in crypto and 6 ways to spot it

Rug pulls are crypto scams that occur when developers of a new cryptocurrency pump a token's value and vanish with the funds as the coin’s value collapses.

YouTuber rugpulls fans for $500K in crypto, token pumps 300% anyway

Social media influencer Ice Poseidon admitted to a crypto rugpull worth $500,000 by soliciting investment for deflationary token 'CxCoin.'

The post YouTuber rugpulls fans for $500K in crypto, token pumps 300% anyway appeared first on Protos.

Brewlabs: Building an ecosystem of interconnected products

Thousands from all corners of the world flock into the crypto space everyday in the hopes of getting their first taste of decentralized finance and all the perks that come with it. There’s no doubt that the blockchain and the DeFi domains have a lot of potential, but amid all the glory lurks an ominous […]

Unofficial Minecraft NFT game ‘Blockverse’ disappears with more than $1M

The project creators resurfaced today to say they didn't really pull the rug, but the project itself, and the money, are still gone.

Binance’s CZ dives into regulations, crypto-ad ban, and Dubai for crypto

The world has stepped into a new year, with people continuing to be optimistic about the prospects it could unfold. Notably, with not even a passing by, the cryptocurrency space has already hit several headlines with respect to some major changes taking place across the world.  And, like all sectors, this space too has recorded […]

How to spot and avoid being rug-pulled in the DeFi marketplace

Rug-pulling in the decentralised finance (DeFi) ecosystem has recently risen to the top list of the most-used methods of defrauding investors out of their hard-earned money.

Scams and Rug Pulls Took Over $7.7 Billion From Crypto Investors This Year

Bad actors caused over $7.7 billion in losses from cryptocurrency scams in 2021, an 81% increase from 2020, according to a new report from blockchain insights company Chainalysis. Chainalysis explains that the decrease from two years ago was largely due to the relative absence of crypto ponzi schemes last year, and the reemergence of them […]

The post Scams and Rug Pulls Took Over $7.7 Billion From Crypto Investors This Year appeared first on Coin Bureau.

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