HUH Token (HUH) Raise Reflection to 9% for 1 Week & Tezos (XTZ) Integrates Baanx App


HUH Token (HUH) Raise Reflection to 9% for 1 Week & Tezos (XTZ) Integrates Baanx App



by Analytics Insight

February 17, 2022

HUH Token (HUH) gives its holders a Valentine’s Day gift by increasing reflection to 9% for a period of 1 week

In the latest series of crypto developments, HUH Token (HUH) gives its holders a Valentine’s Day gift by increasing reflection to 9% for a period of 1 week, while Tezos’ (XTZ) introduced a new app, in partnership with Baanx Group, to help users manage their digital assets. Investors have been bullish on both HUH and XTZ for 2022, and these recent additions are likely to bump up their prices soon.

HUH Token

 

What does an Increase in Reflection Mean for Holders?

Enough of the fancy crypto talk – what does reflection mean, and what will HUH’s 9% raise do for holders?

A reflection mechanism is a process in which tokens serve as self-generating mechanisms for their holders. Because every transaction is taxed, holders automatically receive tokens merely by holding the token. The reflection mechanism was created in the hopes of revolutionising yield generation in DeFi.

These tokens have a fixed reward system, which implies that every transaction conducted with these tokens is ‘taxed.’ This means that for each transaction, a piece is contributed to a liquidity pool, while another amount is held aside for redistribution among tokens holders. As a result, the value of these tokens generates themselves, promoting a “hold and earn” culture that decreases the pressure to sell. The token redistribution is automated via smart contracts, and all holders need to do is manage the wallet in which their tokens are held.

Typically, HUH’s reflection system is based on the percentage of its holdings. For example, if user A owns 0.5% of the supply, 0.5% of HUH rewards will be distributed to him. As a result, all HUH token holders get rewarded for putting their faith in the MetHUH. The total number of HUH tokens that will be reflected is calculated by adding all buy and sell transactions on the HUH network. So, HUH’s new incentive is producing a significant amount of extra tokens for holders.

 

To seize this opportunity and invest in HUH, visit:

Buy On HUH Website- https://swap.huh.social/

Buy On PancakeSwap: https://pancakeswap.finance/

Buy On UniSwap: https://app.uniswap.org/#/swap

Website: https://huh.social/

Telegram: https://t.me/HUHTOKEN

HUH Token

 

What Does Tezos’ (XTZ) App Mean for Holders?

According to a Tezos (XTZ) statement, the software, branded Cryptolife, will integrate with the Tezos blockchain and allow users to “save, transfer, and manage their digital assets. Users of the new app will also have access to Baanx’s stablecoin lending service, Cryptodraft, which claims to unlock loans of up to 50% loan-to-value (LTV) backed by the baanx (BXX) token with interest rates starting at 0%.

Physical or virtual debit cards that may be used to spend cryptocurrency will also be available, according to the release. The Financial Conduct Authority (FCA) recently granted Baanx and its Cryptodraft service a regulatory licence, to the company’s delight.

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Analytics Insight



Analytics Insight is an influential platform dedicated to insights, trends, and opinions from the world of data-driven technologies. It monitors developments, recognition, and achievements made by Artificial Intelligence, Big Data and Analytics companies across the globe.

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