We have just released our latest update to trackbsc.com and it’s more accurate than ever!
There are some improvements to the interface that you may notice, but a lot of what we improved is under the hood where we get data from Binance Smart Chain and apply our calculations to get useful information to you!
Reflecting on Reflection…
Reflect fees/rewards have been a very popular feature which most tokens on Binance Smart Chain are now utilizing to incentivize holding. The basic mechanic is that every transfer incurs a small fee which is distributed to all holders instantly so your balance grows in your wallet just by holding the token. If you buy a token with reflect tokenomics, and never transfer or sell, it is very easy to calculate your rewards. simply subtract the amount you bought from the amount you currently hold. It gets a bit more tricky to calculate as you buy multiple times or sell/transfer tokens. Further complicating the calculation is that some contracts/addresses, like a staking contract, may be excluded from transfer fees which means we don’t want to account for fees on those transfers. Another complication is that some tokens change their fees from time to time, so applying a single fee percent to all non excluded transfers can mess up the rewards calculation.
On top of all of that, not every token has the same method of displaying fees in their contract so we have several methods that we use to gather the transfer fee and if one method doesn’t work, we revert to the next method. By now we have gone through several revisions and adjustments to allow us to get accurate values for a wide variety of smart contracts and we will continue to update as we discover any new ways to improve our calculations.
Click here for a video tutorial on how to use trackbsc.com to check the reflect rewards you have earned on the tokens you hold!
Trending on Trackbsc.com
We have also created a trending tokens section which we will be taking to twitter to let other tokens show how strong their community is by competing for the trending spots!
We will post and promote a weekly tweet where we ask people to comment the symbol of the token they want to see trending on trackbsc.com and the 5 most mentioned tokens will be added to the trending tokens section for the following week while we hold the next contest.
Next Big Update
Once the trending tokens section is live on trackbsc.com, our next big update will be the addition of the long awaited portfolio tracker!
Just like with the token tracker, when you hold O1T ($100 worth), you can check the balance and rewards of any wallet. We will include the same feature for the portfolio tracker so you can view and monitor the entire portfolio of any wallet you want. This means it will be easy to follow whales and influencers so you can get an inside look at where they are moving their funds and easily buy/sell the tokens they buy and sell!
After the initial release of the portfolio tracker, we will look to the community to vote on the next features you want to add to trackbsc.com. I look forward to sharing many updates ahead as this project grows and evolves, but there will always be Only 1 Token.