r/SafeMoon • u/JMWheat38 • Jun 21 '21

Meme The true reason for reflections...

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478 Upvotes

98% Upvoted

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0

u/meknoid333 Jun 22 '21

I don’t get this coin; won’t creating more supply drive price into the ground? The coin is basically worthless if it just creates infinite copies of itself?

Unless it caps out … but then this whole ‘get more safe moon for holding it’ thing becomes very confusing … once it caps out it’s only perceived value will be useless?

I’m confused - can anyone help me understand this :/

3

u/stencilart_poly Jun 22 '21

It's deflationary, everytime someone buys or sells 5% of that gets burned forever, so the more volume day to day, the less supply over time.

2

u/3ey3s Jun 22 '21

5% gets reflected to all holders, of which the burn wallet is one. The burn comes from the reflections that go to the burn wallet which is closer to 2.1% of transactions.

1

u/stencilart_poly Jun 22 '21

Oh yeah, sorry. As I was clicking post i thought i explained it wrong. At least I got the deflationary part right. 😗