Contract Address : 0x6Df98E5fBfF3041105cB986B9D44c572a43Fcd22
$NIKA is a next-generation $ASTR reward token on the Astar ecosystem. 2% of every transaction made with the $NIKA tokens, goes back to holders of $NIKA in $ASTR rewards.
With the recent boom in Defi, our goal here at Alnair Finance is to make Defi easy and accessible to everyone.
DeFi doesn't have to be difficult, it can be as easy as buying and holding a token to earn passive income.
Simply swap your coins for $NIKA on ArthSwap, and HODL it! You could claim and track your rewards from our dashboard.
$NIKA is basically reflection token but $NIKA will be added more utilities after launching. $NIKA holders are eligible to have an early access to public sale as well as get some airdrops of upcoming project native token.
Reflection token refers crypto asset which rewards holders by adding new crypto to their wallets. Earning extra crypto is the end goal of other DeFi investment mechanisms like staking and yield farming. However, reflection tokens pay holders without them having to move any money, sign up to any staking pool, or even having to check their crypto wallet.
Reflections are usually financed by a percentage tax on every transaction in the native token. The tax deducted is redistributed instantly to token holders, according to the size of how much users hold.
Aside from passive income generation advantages, reflection tokens also help to prevent large price drops. This is both because taxes discourage whales (individuals holding a large amount of a specific coin) from selling up their positions and encourage investors to hold onto tokens for greater reflection in the future. Reflection tokens keep investors loyal to a project.
Reflection mechanisms employ smart contracts that automatically distribute tokens across holders’ wallets (often also a liquidity pool and/or a burning wallet).