EverETH Reflect

Overview

EverETH Reflect is a BEP-20 token on the Binance Smart Chain that implements a reflection mechanism to distribute Ethereum (ETH) rewards to token holders. The project claims to automatically distribute 8% ETH rewards from each transaction to holders.

Purpose and Utility

The primary stated purpose is to provide passive income in the form of ETH reflections to token holders. The actual usage aligns with this intended purpose, as the smart contract automatically handles ETH distributions.

Business Model Evaluation

The business model relies on trading volume to generate rewards. When users buy or sell EVERETH tokens, a portion of each transaction is converted to ETH and distributed to existing holders. This model involves actual asset ownership and transfer, not zero-sum gambling.

Development and Platform Activity

The project maintains basic functionality for token transfers and reward distribution through its smart contract. There is limited evidence of ongoing development beyond the core reflection mechanism.

Token Distribution and Founder Analysis

The token distribution appears to be decentralized through public trading, with no evidence of excessive founder holdings or concerning vesting schedules that would suggest a scheme to enrich founders.

Additional Considerations

The reward mechanism does not involve lending or interest-based activities. The redistribution of ETH comes from actual trading activity and asset transfers, not lending or borrowing. The project does not facilitate or promote any prohibited activities in Islam.