Elemental Raiders' new update is here. Download the latest update and dive into our brand-new quest system.

17 Oct 2023, 14:34
Elemental Raiders' new update is here. Download the latest update and dive into our brand-new quest system!

Same news in other sources

1
17 Oct 2023, 14:49
Good day everyone, Based on data from Dune, Etherscan, and other platforms, it's clear that the Ethereum ecosystem has seen a significant increase in contract deployment. From about 200 verified smart contracts a day in November 2020 (when $RFI was introduced) to around 600 a day now, there's been a 300% increase in smart contract creation. While this increase isn't directly tied to $RFI's code, there seems to be some connection, suggesting that $RFI likely played a role in this growth. The solid evidence of $RFI's impact comes from the amount of ETH the ecosystem gained due to the higher Gwei requirements that tax tokens introduced. $RFI code is designed to use gas efficiently, so it's not gas-intensive. But when $RFI's contract was forked for more complex uses, it resulted in contracts that demand much more gas, especially when they combine the tax function with liquidity swapping, burning, buybacks, etc. This led to higher gas costs compared to basic ERC-20 contracts, creating more demand for $ETH and increasing Gwei within the network. The daily gas usage escalated from 80 billion from Q4 2020 to just under 110 billion in Q4 2023, showcasing a noticeable surge in network activity and this increase in gas usage also comes at a time when the Crypto market was on its decline. It's fair to say $RFI has played a key role in expanding the Ethereum network. Although our focus is on the Ethereum network now for research purposes, it is important to recognize that $RFI's code has reached every other blockchain as well. We are now in talks with key players interested in developing projects that have helped build Ethereum. While we can't share the details yet, our aim is to bring more value to $RFI, recognizing its role in Ethereum's success, reviving its influence in the network, and bring it to a legacy status that it deserves. With the goals we have in mind, RFI will have a well thought out ecosystem and will be recognized by all of Crypto as the coin that pioneered not just modern day Tokenomics but will bring light to what it means to create a revival through community initiative as well. Our narrative remains one of the strongest and there are no other projects that have contributed as much to blockchain and decentralization as $RFI has. Part of this initiative was the creation of the RFI treasury earlier today: reflectfinance.eth that will act as an infinite treasury and showcase first hand usecase of our Tokenomics. This is just a small step towards our endgoal and is something I had covered out of pocket. With the talks we have lined up, we aim to secure significant investments towards creating a much more sustainable treasury. We also have someone dedicated to analytics and research who will be scouring the blockchain for data to use within one of the tools in our Ecosystem to come. We will be providing more updates as soon as we can! Friendly reminder to follow us on our new Twitter page as well! The reason for this post is to keep you all informed and to provide full transparency of our plans ahead as we continue to build out the $RFI we all know and love.
Good day everyone,.
Good day everyone, Based on data from Dune, Etherscan, and other platforms, it's clear that the Ethereum ecosystem has seen a significant increase in contract deployment. From about 200 verified smart contracts a day in November 2020 (when $RFI was introduced) to around 600 a day now, there's been a 300% increase in smart contract creation. While this increase isn't directly tied to $RFI's code, there seems to be some connection, suggesting that $RFI likely played a role in this growth. The solid evidence of $RFI's impact comes from the amount of ETH the ecosystem gained due to the higher Gwei requirements that tax tokens introduced. $RFI code is designed to use gas efficiently, so it's not gas-intensive. But when $RFI's contract was forked for more complex uses, it resulted in contracts that demand much more gas, especially when they combine the tax function with liquidity swapping, burning, buybacks, etc. This led to higher gas costs compared to basic ERC-20 contracts, creating more demand for $ETH and increasing Gwei within the network. The daily gas usage escalated from 80 billion from Q4 2020 to just under 110 billion in Q4 2023, showcasing a noticeable surge in network activity and this increase in gas usage also comes at a time when the Crypto market was on its decline. It's fair to say $RFI has played a key role in expanding the Ethereum network. Although our focus is on the Ethereum network now for research purposes, it is important to recognize that $RFI's code has reached every other blockchain as well. We are now in talks with key players interested in developing projects that have helped build Ethereum. While we can't share the details yet, our aim is to bring more value to $RFI, recognizing its role in Ethereum's success, reviving its influence in the network, and bring it to a legacy status that it deserves. With the goals we have in mind, RFI will have a well thought out ecosystem and will be recognized by all of Crypto as the coin that pioneered not just modern day Tokenomics but will bring light to what it means to create a revival through community initiative as well. Our narrative remains one of the strongest and there are no other projects that have contributed as much to blockchain and decentralization as $RFI has. Part of this initiative was the creation of the RFI treasury earlier today: reflectfinance.eth that will act as an infinite treasury and showcase first hand usecase of our Tokenomics. This is just a small step towards our endgoal and is something I had covered out of pocket. With the talks we have lined up, we aim to secure significant investments towards creating a much more sustainable treasury. We also have someone dedicated to analytics and research who will be scouring the blockchain for data to use within one of the tools in our Ecosystem to come. We will be providing more updates as soon as we can! Friendly reminder to follow us on our new Twitter page as well! The reason for this post is to keep you all informed and to provide full transparency of our plans ahead as we continue to build out the $RFI we all know and love.