😂$NIKA

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.

How $NIKA works

Simply swap your coins for $NIKA on ArthSwap, and HODL it! You could claim and track your rewards from our dashboard.

What is the utilities of $NIKA?

$NIKA is basically reflection token but $NIKA will be added more utilities after launching. $NIKA would be used in the play to earn NFT game as well as launchpad. $NIKA holders are eligible to have an early access to public sale as well as get some airdrops of upcoming project native token. Furthermore, $NIKA holders can access to get P2E NFTs.

Brief story

Welcome to the Nika Conqueror Choose a side, fight against your opponents to obtain Nika (Rewards) to forge the most powerful weapon in order to be stronger and achieve peace between Human Race and the Dark Forces. First Play-to-Earn NFT Game built on ASTAR Network.

For more details, please refer here.

What is a reflection 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).