The reward system aims to incentivize SHIBAI token top holders weekly by allocating 2% of reflection tokens which will be converted to $ARB to them. This system encourages long-term holding and promotes the overall stability of the token ecosystem.
A percentage of every transaction is redistributed to all token holders as a form of passive income. In this case, 2% of these reflection tokens will be set aside for the top 500 holders.
Periodic snapshots of the SHIBAI token holders' rankings will be taken to determine the top holders. The frequency of the snapshots will be weekly.
The 2% of reflection tokens allocated for the top holders will be distributed proportionally based on each holder's ranking and token holding percentage among the top holders (to be specified later)