Simplified : Ricochet Space
Ricochet ($RICO) is a Reflect Finance fork, done by a trustworthy developer. 100% of the pre-sale funds were (will be) added to liquidity, and locked via Unicrypt. Ricochet Finance stars with a 10% “black hole” — thus accumulating tokens faster, and more quickly removing tokens from circulation. Additionally, there is a 2% fee added on every transaction, up from the original 1%.
What is the Reflect Finance model?
As simply as possible : the reflect finance model is a way of generating gasless yields for all holders. On every transaction, a fee will be charged and then distributed evenly to all holders — based on the proportion of total tokens held.
However, there is a “black hole” wallet that starts with a large proportion of the supply, and effectively removes any fees accumulated from circulation — providing a constant downward pressure on supply.
What makes Ricochet Space unique?
- 2% transaction fee, as opposed to a 1%
- Starting with 10% of supply in the “black hole”, instead of 5%
- Fair pre-sale : 1eth cap, 100% of funds locked into liquidity.
- only 2% of supply for the dev.
- No paid shillers
- 15% of the supply allocated for partnerships/ dual yields and long term suitability
Resources
- Dextools : https://www.dextools.io/app/uniswap/pair-explorer/0x0f0bfbddfb21d120b6780cdbe1178f6e995e7525
- Uniswap : https://info.uniswap.org/pair/0x0f0bfbddfb21d120b6780cdbe1178f6e995e7525
- Website : https://ricochet.space/
- Telegram : https://telegram.me/ricochetspace
- Twitter : https://twitter.com/RicochetSpace
- GitHub : https://github.com/Ricochet-Space
The Selective
- Telegram : https://t.me/TheSelectiveApe
- Telegram announcements : https://t.me/TheSelectiveApes
- Twitter : https://twitter.com/UniswapD
