Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Reflex Finance and our guest was . The AMA took place on the 11th of May.
The AMA session was divided into 3 parts with a total crypto reward pool of $500
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Telegram&WebSite
Pavel P
Hello everyone and welcome to our second AMA for today with Reflex Finance!
Gold Rocket | Satoshi Club
Greetings, dear Satoshi Club community! We are pleased to announce AMA with Reflex Finance
Pavel P
Let us welcome our guests!
Gold Rocket | Satoshi Club
Today our guests are @Defi_Pioneer
@Reflex_Myles
@Money_Maker_5
@mrscryptorabbit
Crypto Rabbit 🐰
Hello!!!
Pavel P
Welcome to Satoshi Club!
Gold Rocket | Satoshi Club
Hello and welcome to Satoshi Club
Pavel P
How are you doing today?
Gold Rocket | Satoshi Club
nice to e-meet you
Crypto Rabbit 🐰
Great, how are you guys? We are happy to be here!
Gold Rocket | Satoshi Club
We are really excited about upcoming AMA with you
Pavel P
So as we are! Looking forward to a great AMA!
Gold Rocket | Satoshi Club
Let’s start!
Pavel P
Should we expect some more of your colleagues to join?
Crypto Rabbit 🐰
Seems they are unable to type.
Pavel P
We will check it right away
Crypto Rabbit 🐰
@Money_Maker_5 @Reflex_Myles
Myles / Reflex Chairman
Hey everyone! Thank you for having us!
Raymond | Reflex Finance COO
There we go, hello everyone and thanks for having us.
Pavel P
Welcome! Great you joined us!
Crypto Rabbit 🐰
And @Defi_Pioneer
Pavel P
Thanks for joining, guys!
Gold Rocket | Satoshi Club
Added @Money_Maker_5
Crypto Rabbit 🐰
Great!!
Raymond | Reflex Finance COO
Hello.
Gold Rocket | Satoshi Club
so… guys, іntroduce yourself please. How did you get to be involved in crypto & Reflex Finance
Gold Rocket | Satoshi Club
nice to meet you
Crypto Rabbit 🐰
I’m CryptoRabbit, Im the Chief Communications Officer! I’ve been in crypto for over 2yrs now as a community member, a mod, and admin and community manager, and a consultant. While consulting I was connected with Ray and Myles who asked if I wanted to help with Reflex! We have a great team!
Gold Rocket | Satoshi Club
great! we would like to know more about your team. Who is on the project team core?
Raymond | Reflex Finance COO
Hi, im Raymond Sales and i am the COO for Reflex. i have been in the space for about 6 yrs now. I started off as a Mod in the space and worked my way up. I would advise CEO’s of decisions and which route to go based on analytics. Reflex was formed when i was the head mod and was then asked to be apart of the core team.
Myles / Reflex Chairman
My name is Myles Tweedy,
I am the President and Chairman of Reflex and I have served as a Major in the United States Marine Corps for 20 years. My position within the United States Department of Defense has provided me the tools and relationships that really have molded me throughout my career. Hopefully those relationships develop into the first ever official Government contracts
I started Reflex along with my two closest colleagues, Brenton CFO and Raymond COO.
Crypto Rabbit 🐰
Our goal is to create a trusted source for the community to scout new projects as well as create an ecosystem of products directed at helping entrepreneurs enter the space. We assist with launching your project, marketing, building out discords and much more. So if a project comes to us to launch their token, we basically can give them all the tools to navigate the beginning stages of their project.
Pavel P
Impressive background! Sounds promising
Gold Rocket | Satoshi Club
Is your team anonymous?
Raymond | Reflex Finance COO
no
Crypto Rabbit 🐰
Our core team is Myles our Chairman, Ryan our CEO, Ray our COO, Crypfoo our CSO, myself and another Ryan who is our CBO. 5 out of 8 individuals on our core team are doxxed.
Gold Rocket | Satoshi Club
Give us a brief introduction to the project. What is the essence of Reflex Finance
Gold Rocket | Satoshi Club
Really amazing dream team
Raymond | Reflex Finance COO
Reflex Finance was founded to pursue one specific goal: Making the crypto space safer for everyone and create wealth for its holders through stable passive BUSD rewards, along the way. This is why we focus on the development of high-volume utilities, which all feature unique safety features, that aim to change the industry by setting new standards for secure crypto investment.
Myles / Reflex Chairman
We also have Ryan Arriaga as our CEO, former Global Head of Products for Safemoon. He resigned his position from Safemoon in March and joined us once we shared with him our vision and what we have behind the curtain.
Gold Rocket | Satoshi Club
By the way, I did not press the captcha in time and your tg channel banned me
you have great goals guys
Raymond | Reflex Finance COO
it happens we can fix that real quick
Crypto Rabbit 🐰
I answered that a bit above, reposted below.
Our goal is to create a trusted source for the community to scout new projects as well as create an ecosystem of products directed at helping entrepreneurs enter the space. We assist with launching your project, marketing, building out discords and much more. So if a project comes to us to launch their token, we basically can give them all the tools to navigate the beginning stages of their project.
We currently have an active working utilities like our launchpad. And wr are working to rebrand our image to be more appealing to both projects and the consumer before releasing the remaining utilities on our road map.
Gold Rocket | Satoshi Club
Tell us please about the benefits of Reflex Finance. How is it different from others?
Gold Rocket | Satoshi Club
Well, we see that you clearly understand what you are building
How long does it take to develop a project?
Crypto Rabbit 🐰
Our goal is not only be cost friendly for new entrepreneurs, but to guide through through the process of starting their journey. Other launchpads launch your your token and send you on your way with no guideance on how to navigate the space.
Raymond | Reflex Finance COO
With proper planning and created a team it can take 1-3 months. Then another 2-4 weeks to build the community up and gain trust, which is key for us. everything we do is based on transparency and we have AMA’s bi-weekly to give updates and are very active on all socials.
Along with that, we look at the best areas to create volume. We created a launchpad and we have weekly launches. we have farming that will be completed at the end of the month along with our Reflex Swap. A majority of the profits will go back into R/D, Reflex BUSD and BBB.
Pavel P
I see you guys, are well prepared for a long journey with Reflex Finance. Well, let’s see what is it all about in details now!
Gold Rocket | Satoshi Club
Thanks for great introduction, we will have several questions selected for the Part 1. Ready to start?
Crypto Rabbit 🐰
Yes! Lets do it!
Pavel P
Q1 From Telegram User @JesusFre1tes
I read that the migration to V2 has been successfully completed and Reflex V2 is now available to operate on PancakeSwap, Safemoon Swap and the recently added Affinity Adapt. What are the properties that this new version will bring to your ecosystem thanks to this implementation? With these quotes on such prominent trading platforms, how will Reflex Finance help you to take your trading forward and diversify?
Raymond | Reflex Finance COO
We are the only token that has a function to inject BUSD directly into the distributor wallet. What i mean by that is, with a BBB you would receive 8% BUSD, but if we have profits of say 20K on a launch we can inject the full amount of BUSD and it is then 100% not the 8%
Crypto Rabbit 🐰
Our prior contract could not support all of the utilities we have planned on the horizon. We also added some neat features to make the contract safer. And like Ray said be able to inject funds directly into the distributor. We figured it would be easier to migrate now rather than later.
Raymond | Reflex Finance COO
With V2, we have the availability to layer new systems together and are not limited to being locked out to what functions we only included. we can create new features as i stated above and have active or link other tokens to us. For V1 none of this was supported and it wasn’t a proxy contract. all changes we make are consulted with the community first and foremost for transparency
Pavel P
So, are you happy with V2 for the moment? Does it allow you to continue adding new features in full?
Raymond | Reflex Finance COO
Yes.
so no need to go V3 and so on. V2 is final stop and can always layer/add on
Gold Rocket | Satoshi Club
cool feature
Pavel P
Great to read it!
Raymond | Reflex Finance COO
even our Distributor is proxy
Pavel P
Let’s see the next question if you are ready
Raymond | Reflex Finance COO
proceed.
Pavel P
Q2 From Telegram User @iceVermithraxx
I noted that in Reflex Finance, You are going to have an Influencer Marketplace, which is an innovative solution to boost productivity and networking within the influencers community. Can you elaborate more on influencer marketplace in Reflex Finance and also on how it works? Can you share on the requirements for users to register and belong to the influencer marketplace? Can your breifly explain on how influencers can sell their services In the Influencer Marketplace? What are the benefits, advantages of being an influencer in Reflex Finance
Crypto Rabbit 🐰
Our influencer Marketplace is a work in progress. We want to make sure it’s something the community will actually find useful and beneficial.
Raymond | Reflex Finance COO
When we say influencer we have to look at more then just community influencers. this can be NFT’s all the way to a person providing services, ie workout sessions, positive talk sessions, all the way down to just open format discussions. as for the NFT Influencer Marketplace, will be be an open format and below are some of the features.
a)Share NFT externally – opensea marketplace ect
b)Follow / Unfollow users
c)Filter / sorting on all listings on our site
d)Search for NFT collections, Trending NFT’s, Top Collections, Hot Bids, Explore by categories, and Recent listings.
e)NFT’s Smart contract – Singe (ERC-721) – Multiple (ERC1155)
f)NFT Creation with descriptions, copies, source file download path, Transfer of NFT ownership to buyer, Equivalent ETH transfer to NFT creator, Option for creator to change pricing when live, Manually bidding process, Bidding time limit setting, Bid history, Listing of all NFT’s created by creator, Categorize my items with on sale, owned, created, and likes, All activity, My Activity and Following
g)Reflex fees based on NFT Price during sell time
Gold Rocket | Satoshi Club
Great usecase
Thanks for your great answers
Pavel P
Thank you foк your answers! Let’s proceed to the question nr 3
Q3 From Telegram User @DK177
There is a transaction tax of 15% on Reflex Finance. Is this tax applicable for all buy, sell transactions and withdrawals? Is this a fixed tax? Don’t you have any plans to reduce this percentage? According to the tax allocation, 10% will be reserved for $BUSD rewards. What are these rewards and who are eligible to receive them? Can’t you allocate funds for this purpose from the total supply of $REFLEX? Why did you allocate tax funds for marketing when other projects allocate their own funds for marketing purposes?
Crypto Rabbit 🐰
The tax will never go above 15%. Once we hit a 100M Mcap we do plan to increase our BUSD to holders from 8% to 10%. This tax is for buys and sells only, transfers are currently tax free. So you can send Reflex to your friends and not incur the tax.
The BUSD rewards are for all holders who trade on a dex, as well as Bitmart and Digifinex.
Gold Rocket | Satoshi Club
this is very generous of you
Raymond | Reflex Finance COO
The tax is 15% for all buys/sells and is a fixed tax. The tax will not be reduced but the busd will change to 10% when we are in a stable market. 2% will shift from marketing to BUSD. For rewards, everyone that holds Reflex is able to collect BUSD. It is based on the % you hold, so a easy way to put it, is the more you hold the more you receive. This is all based on Volume within 24hrs. to allocate funds we do this with an internal BBB that is built into our contract. A preset # for BNB is programmed into a function and then the BBB takes place. As for tax funds for marketing. 99% of tokens that are reflection based tokens have this tax for marketing. It is common to call it a marketing tax but in reality it is a operations wallet used for R/D, Marketing, DEV design, AMA’s, and everything else that has to do with our token. it is also used for CEX partnerships along with token partnerships. the marketing wallet handles all aspects of tokens.
Crypto Rabbit 🐰
A marketing wallet is not just for marketing. It can be for reasarch and development costs, business costs as well as marketing. Any new project is a startup essentially, you need to have funds available to grow your business so it’s sustainable in the long run.
Pavel P
And seems like BUSD is more stable than any other stablecoin. At least today.
Crypto Rabbit 🐰
Yes, at least today! Some tokens reward in their native token so when you use it you’re taxed. With a stable coin you don’t incur the native token tax when you use it.
If that makes sense.
Gold Rocket | Satoshi Club
Thanks for your clarification
Pavel P
Ready to see the 4th question now?
Crypto Rabbit 🐰
Sure!
Pavel P
Q4 From Telegram User @BigMacDi
I see that Reflex is offering its customers to earn passive yield in BUSD through reflex delegated staking. Could you explain the principle of delegated staking compared to the traditional one? Why users get BUSD as yield and not Reflex token? Does the staking automatically opens the next door called launchpad? How would you calculate users’ allocations? Are they any tiers to be staked to get particular allocation amount? Thanks!
Raymond | Reflex Finance COO
Traditional staking you would just receive your native token and to us that is the way everyone does it. We wanted to do something different and not control what they always would use their funds for.
We look at Reflex Staking to help investors out with BUSD. If they have something they want to buy they can use BUSD for anything, including Reflex. We believe it is their choice and it helps the charts. If we gave Reflex out and someone needed funds, they would just sell it. It is a double edge sword. Reflex Launchpad is a separate utility of Reflex. Calculations are done the same ways as Reflex does it on their contract. It is based off the % of tokens you hold. We do not have tiers for staking. It is a set time for holding currently and are looking to increase the % and add different staking time frames.
Crypto Rabbit 🐰
So our staking is through our partner BrewLabs. You do earn Reflex from stacking but you still accrue BUSD during that time. At any time you can go to BrewLabs and withdraw your BUSD or use it to compound your staking rewards by buying more Reflex Tokens.
Gold Rocket | Satoshi Club
Not bad
Raymond | Reflex Finance COO
correct. Don’t forget about compounding as well
Pavel P
So, let’s be short here – just stake, Satoshiclubbers, to get more!
Raymond | Reflex Finance COO
always. it is free money in the end.
Crypto Rabbit 🐰
Exactly, staking is great for long term holders!
Pavel P
Thank you, guys, for detailed answers!
Let’s see the fifth question now!
Q5 From Telegram User @Highpee
The GameFi industry and Web 3.0 play-to-earn games have been receiving attention recently as a result of the ability to earn while playing games. I saw that in your roadmap, there is plan to launch your own Play-to-Earn (P2E) game by Q3 of this year. Can you reveal a sneak peek about the type of play-to-earn game that you are creating and the genre it falls under? What attributes will it have and how will your play-to-earn game metaverse offer a blend of fun, skill-set demonstration and financial prospects to all crypto game lovers? What device can user use to access this game and will the game has its own currency apart from $REFLEX?
Raymond | Reflex Finance COO
Sorry, but on this question, we are keeping it under close wraps. P2E are big and everyone is looking at ways to make this better. I will say it will be able to be used on different platforms though including your phone. We are working with multiple companies on this to take place and is a team effort. This has been in design for some time now. Please don’t hate me for this answer…
Gold Rocket | Satoshi Club
how we love secrets if you knew
Gold Rocket | Satoshi Club
OK. Then please share your roadmap with us.
Pavel P
Good to know that it is in your plans and hopefully the community will see it ready soon!
Raymond | Reflex Finance COO
i will throw out there, that we have a few things that are not on the road map and are coming soon.
Raymond | Reflex Finance COO
These are utilities
Crypto Rabbit 🐰
Yes, a few secret utilities.
Crypto Rabbit 🐰
They are pretty exciting but things we don’t want picked up by other projects before we get them out to the community.
Pavel P
Fully agree with you!
Let’s see the last question of part 1 then!
Pavel P
Q6 From Telegram User @Cheriemike
I noticed that Reflex has setup a Charity Wallet in it’s platform. Just like Bitcoin that have different Charity Wallet/Charity list for different purposes. So can you tell us your reason for setting up this wallet for charity? And which charity organizations will you likely support when donations are made to that wallet? Can community members of Reflex make donations to this wallet or it’s just left for your team alone? If users can make donations, can they choose their favorite coin and the charity they wish to support or donations will be made only with $REFLEX token? Thanks
Crypto Rabbit 🐰
We do have a charity wallet, it was requested by the community and VERY important to the team that we have a way to give back.
ANYONE can send BNB or BUSD to the wallet at any time. We take those funds and quarterly make a donation. We post a poll for the community to decide where they want the funds to go.
Our current choices are the Fistula Foundation, Water.org, Hope for Warriors and the Ronald McDonald House.
Pavel P
Are you planning any additional campaigns to support community?
Crypto Rabbit 🐰
We have discussed other ways to integrate charity into our project. Like I said it’s something we are all very passionate about.
We also launched a charity token from our Launchpad and gifted their costs back to them to benefit their charity.
Pavel P
Love this attitude!
Gold Rocket | Satoshi Club
Great answers thanks for this amazing first part of AMA
Pavel P
Well, before we wrap up the 1st part, please send links to your social networks
Crypto Rabbit 🐰
Sure! I will post our Linktree which has everything from Twitter, Facebook, Instagram, discord, TG and more!
https://linktr.ee/Reflex_Finance
Pavel P
Thanks! So, get ready for some action now!
Raymond | Reflex Finance COO
yes
Pavel P
We will open chat to allow our community to send a storm of questions for you.
Chat will be opened for 120 sec
Crypto Rabbit 🐰
Awesome!
Pavel P
Once we close it back, please choose 10 questions to answer
Crypto Rabbit 🐰
You got it!
Pavel P
Please do not answer any questions during the storm
Opening chat in 5!
Part 2 — live questions from the Telegram community
Q1 from Telegram user @munishgmr
Does Legion Launchpad platform also have any kind of Tier system for different kinds of investors,
Please discuss about it?
Crypto Rabbit 🐰
Yes we have three tiers to the Launchpad – Gold, Silver and Bronze. Gold and silver tiers are verified and audited by our project and partners at a very high international level!
Bronze tier clients have received KYC and audit themselves which we review and verify it to be authentic.
Q2 from Telegram user @UAEhamdan
Which network is your token launched in and do you guys have plans to expand to other networks to appeal to other users preferences ??
Crypto Rabbit 🐰
Our token was launched on the Binance Smart Chain. We are working on bridges to ETH, AVAX and Polygon!
Q3 from Telegram user @captainprice111
Does Reflex provide a guarantee for our investment in order to prevent setbacks that may occur in token launches on Reflex Launchpad? What will be the difference of Reflex Launchpad from other Launchpads, how will you understand that the projects that will participate in Launchpad are reliable, and how will you choose and determine?
Ryan
As Reflex launches more projects on it’s launchpad we will be setting aside tokens obtained from each project to assist in a token backed fund that will help serve as an insurance fund for projects that launch on our launchpad with a Gold and Silver tier. This is not offered right out of the gate because this fund will take a considerable amount of projects to launch first before we can offer this however it is in our roadmap. We aim to provide the best peace of mind for our launched projects as we can and will continue to improve on this mission.
Q4 from Telegram user @Nensam
Can you tell us bits of how funds was raised for Reflex project? Did you carry out any presale or private sales?
Crypto Rabbit 🐰
We had a private sale and a presale. Our private sale holders were contracted to hold for 6 months. We actually acquired roughly 100T of those tokens back from those investors to create the Reflex Treasury. The BUSD generated by the Treasury will be used to R&D, Buy back and burn, and marketing. Whatever best benefits the project and the holders at that time. The remaining private sale holder we extended their contracts to hold longer!
Q5 from Telegram user @highpee
I read about that you will have a LAUNCHPAD that will enable users access to rug free projects. Is this launchpad live now? How will you ensure projects on it are safe and how will the launchpad distribute token fairly to early token investors?
Raymond | Reflex Finance COO
This launchpad is live now and we have been doing about 1 token a week. we are creating new skins for our site to add a little more pop to it. we already have another (5) tokens lined up. what is unique about our LPAD is, our teams does a voice call with the new token and reviews everything from the contract all the way down to their socials. we help them with TG and discord build, marketing, twitter, HCAP/SCAP numbers, to the best time and day to launch during the week. we have (3) tiers on our LPAD, Bronze, Silver, and Gold, Only gold we guarantee rugpull free and that is how we set up security and background checks. the token also has to lock their liquidity with a 3rd part user so if they ever want to unlock it before hand, the community votes not the devs/ceo. We are also very particular on who will receive the gold tier. so far only token has undergone this process and i have one going through it right now. Silver is similar but we do not guarantee it. Both Gold and Silver background checks will alert us up to one year as well if the token CEO has a financial issue. only individuals that have access to the keys will get this process done. for the bronze package. the token itself provides their KYC and audit and then we just review. On all tiers, we do promote these tokens and help them do giveaways. you do not need to hold reflex to win any whitelist spots at all either. we do not believe you should have to buy our token to participate in any giveaways. hope this helps out.
Q6 from Telegram user @nmira99
Could you tell us about the “Secret Utility Preview” on ReflexFinance’s roadmap in Q3 2022? There are rumors of “incredible volume” for the hidden utility. Could you tell us a bit about what it will be about (make sure no one will hear
Crypto Rabbit 🐰
We actually have a FEW secret utilities!! We should be able to start releasing info on them third quarter of this year! We want to make sure they are ready to go before release details! We don’t want another project to pick up the idea and best is to the punchline!
Q7 from Telegram user @alif27295
Is your project a community only for English speaking an countries or for users not of other languages?Is your project a community only for English speaking an countries or for users not of other languages?
Ryan
We are primarily English however we have begun opening up other markets. For example we just listed on Digifinex which covers a very large Asian market. We will continue to improve upon our international coverage as well as offering materials in other languages.
Q8 from Telegram user @Jdjr2929
Do you allow suggestions and feedback from the community? Are we allowed in decision making, do you put community into consideration ?
Raymond | Reflex Finance COO
This is probable the most important thing to us. without our community, we do not exist. we preach this on our AMA’s as well. when decisions have to be made that could effect everyone we will hold votes. we also keep our DMs open at all times and when we receive ideas we bring them up on teams calls and if they are really good we do implement them. For our LPAD, someone gave us an idea and we are actually using it for our Phase II add on for our LPAD. something like this we do give rewards out. Also, for anyone tokens that are pushed our ways and they launch with us, the person that refers them receives $500 after launch from us. we are always giving back to the community. we love them .
Q9 from Telegram user @NAZMP2
What is the Reflex Finance Marketplace process? Is it possible to list other NFT on your Marketplace? Can artists make NFTs and sell them on your Marketplace?
Raymond | Reflex Finance COO
Yes you can create and list on other marketplace. we will have open auctions for the created and other features that are listed above.
Q10 from Telegram user @Beterror203
You are the Best no same Terra luna?
Ryan
Tera Luna is a stablecoin. We do not have any current plans for developing a stablecoin at the moment. However, our tokens tokenomics do provide for unique mechanisms that ensure the longevity of the project for both holders and the growth/development of our products. The breakdown is set as such:
2% Buy back and burn
2% To liquidity
8% To BUSD reflections for holders
3% To marketing wallet (used for all company operations)
Part 3 – Quiz Results
As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.
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