🪞Reflections Rewards

What are Reflections Rewards?

In general, ‘reflections’ tokens appear to pay the holder a reward (more of the same token) every time someone else makes a transaction in that token. The tokens are pre-determined to pay out this reward to holders (usually referred to as a tax on transactions).

Income Tax

Whilst there has been no official guidance from the IRS about the treatment of reflection rewards - given their similarity to Airdrops, we believe the taxation treatment should be similar.

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