ReflectionAI PriceRECT

What is ReflectionAI (RECT)?

ReflectionAI (RECT) is a cryptocurrency token built on the Binance Coin platform, specifically issued on the BNB Smart Chain as a BEP-20 token. According to CoinLore, the token's start date is 24 October 2024; it was listed on Gate.io on October 25, 2024, and added to CoinMarketCap on 5 November 2024. According to CoinMarketCap, Reflection AI is a decentralised artificial intelligence platform and AI community where users can create and run their own AI models, and where models can be built, traded and monetized. The token itself, RECT, is designed to drive and incentivize participation and contribution throughout the ecosystem, as outlined in the Reflection token model documentation. The project has a maximum and total supply of 1,000,000,000 RECT. It operates on BNB Smart Chain and is not mineable.

Key Specifications & Tokenomics

• Name: ReflectionAI
• Ticker/Symbol: RECT
• Blockchain/Platform: Binance Coin platform / BNB Smart Chain (BEP20)
• Token Type: Token (BEP-20)
• Category: AI, Web3, Decentralized AI Model Trading
• Max Supply: 1,000,000,000 RECT
• Total Supply: 1,000,000,000 RECT
• Circulating Supply: 13.5M RECT (1.35% of total), self-reported by the project; CoinMarketCap notes this figure has not been verified. Initial circulating supply at the Gate.io listing was 13.5M RECT.
• Mineable: No
• Source Code/Explorer: Contract Address (BEP-20): 0xb42e1e0165140321db20ef46a2e9a240d60284b6 — Explorer: https://bscscan.com/token/0xb42e1e0165140321db20ef46a2e9a240d60284b6
• CMC ID: 33803
• API ID (CoinLore): 141555
• Official Website: https://reflectionai.app/
• Whitepaper/Documentation: https://docs.reflectionai.app
• Token Model Documentation: https://docs.reflectionai.app/token-model

Who created ReflectionAI?

According to CoinMarketCap, the project's leadership includes CEO Leigh Flounders and Vice President of Finance Parry Ng.

How does ReflectionAI work?

ReflectionAI (RECT) operates on the BNB Smart Chain using the BEP-20 token standard. The token is designed to drive and incentivize participation and contribution throughout the ecosystem, according to the Reflection token model documentation. The broader Reflection AI platform is described as a decentralized platform for AI model collaboration and trading, creating a Web3 ecosystem where AI models can be exchanged and developed transparently.

What makes ReflectionAI unique and valuable?

ReflectionAI distinguishes itself by bridging artificial intelligence and blockchain technology through a decentralized platform for AI model collaboration and trading. The project is associated with Reflection AI, a U.S. open-source AI company focused on building super intelligent autonomous systems with an emphasis on autonomous coding capabilities.

What is ReflectionAI used for?

The RECT token is designed to drive and incentivize participation and contribution throughout the Reflection ecosystem, as stated in the token model documentation. It functions within a decentralized platform for AI model collaboration and trading, creating a Web3 ecosystem. According to CoinMarketCap, RECT has three stated uses: node staking (stake RECT to earn rewards and unlock advanced features, or purchase nodes to earn RECT through staking), governance (holders vote on platform development and upgrades), and earning potential (users earn RECT by staking or by creating popular AI models). According to CoinMarketCap, the token trades on 3 active markets, with Gate.io's RECT/USDT pair being the main one. According to CoinLore, the main market is the RECT/USDT pair on Gate.io, where the token was listed on October 25, 2024. The token is also available for conversion against various fiat currencies including AUD, BRL, CAD, EUR, GBP, HKD, RUB, SGD, TWD, and KRW. The broader Reflection AI platform is intended for AI model development, collaboration, and trading, with the token serving as the economic incentive layer for these activities.

How Is the ReflectionAI ecosystem developing?

Reflection AI was listed on Gate.io on October 25, 2024, and the RECT/USDT pair remains the main trading market.

How to mine ReflectionAI?

RECT is not mineable. It is a BEP-20 token on BNB Smart Chain, so new tokens are not produced by proof-of-work mining. According to CoinMarketCap, holders can stake RECT to earn rewards and unlock advanced features in the AI ecosystem, purchase nodes to earn RECT through staking, and use RECT for governance votes on platform upgrades.

How to keep your ReflectionAI Coin safe?

Keeping your ReflectionAI (RECT) tokens safe requires standard cryptocurrency security practices. Since RECT is a BEP-20 token on the BNB Smart Chain, it can be stored in compatible wallets that support BEP-20 tokens. Always verify the official contract address before interacting with the token. CoinMarketCap displays a CertiK rating of 3.2 under an "Audits" label. The project's circulating supply has not been verified by CoinMarketCap, so readers should verify the contract address 0xb42e1e0165140321db20ef46a2e9a240d60284b6 on BscScan before interacting with the token. A clean scan does not remove risk: CoinLore notes that prices are sensitive to short-term fluctuations because market depth is limited, and CoinMarketCap has not verified the project's circulating supply. Users should exercise caution, conduct their own research, and use hardware wallets for significant holdings. Never share private keys or seed phrases, and be cautious of phishing attempts. The price of ReflectionAI can be affected by supply and demand, trading volume, liquidity, market sentiment, news, adoption, token utility, network activity, regulatory developments, and broader crypto market conditions.