How can I report token reflections without tx

RedPanda ERC20 token reflections increase balances of holders. How can this increase be reported in Koinly?

Describe the problem:
RedPanda tokenomics include a contract feature with 2%burn +2% redistribution to holders with every transaction, balances continue to increase with no tx for reporting purposes. I haven’t moved or sold any.

Which exchange/wallet is this regarding?
Metamask & Trust

How did you import data into this wallet?
API

What have you tried to fix this so far?
nothing

Hi there!

What we suggest you do in this case is to just manually create transactions with the amount that has been reflected back to you.
For more accurate record keeping you might want to add one transaction per day, or one per week.
So for example if you receive 1 RedPanda every hour you can create a transaction with 24 RedPanda tokens being received for that day, or 24x7=168 for a weeks worth of reflections.

Most likely you should label these as “Rewards” or “Income”, but it’s best to always check the guidelines from your tax agency on how specific scenarios are taxed.

I hope that helps! :slight_smile:

Best regards,
Alex

I really have no idea the rate at which the RedPanda are added, they are income - I am assuming creating a transaction requires a tx link - I have none so is this possible without that? That’s my question.