⚔️Reed mechanism

Reed Mechanism

Before you join the ranks of the Reed, it's essential to grasp the rules that govern this arena. These guidelines serve as the bedrock for a fair and competitive ecosystem, so we encourage you to study them closely.

Becoming a Reed Contributor

To ascend to the coveted title of Reed Contributor, you must make the largest $ETH purchase of $REED within a 60-minute cycle. Succeed, and you'll claim a 3% fee in ETH on all $REED transactions, mirroring the benefits our marketing team enjoys.

Be Alert!

Vigilance is key. If another user outbids your $ETH purchase, they will usurp your title and with it, the corresponding 3% fee collection.

Selling Your Stake

Should you choose to sell your $REED tokens while you hold the Reed Contributor title, your fee collections will be transferred to the marketing wallet, and your status will be reset.

Proceed with Caution

Once you sell, there's no going back. Selling your $REED tokens permanently disqualifies you from ever reclaiming the Reed Contributor title.

Title Refresh

The title of Reed Contributor is recalibrated every 60 minutes. If no one outbids the current largest purchase during this window, our marketing wallet assumes the role of Reed Contributor until the next qualifying transaction.

Just to Clarify

The Reed Contributor title is solely predicated on the largest $ETH purchase of $REED tokens. Apart from forfeiting your chance at the title should you sell, there are no other penalties.

Shared Rewards

To foster a sense of community and collective gain, we've implemented a reflection system in ETH. This ensures that all $REED holders, regardless of stake size, benefit from each transaction.