How Fire Pool Mining Works

Fire Pool Mining works by allowing users to stake their $FIRE tokens in dedicated mining pools associated with specific meme token projects. By staking, users mine meme tokens, earning rewards in proportion to the amount of $FIRE they have staked and the Annual Percentage Yield (APY) offered by the pool.

Staking $FIRE

To participate in Fire Pool Mining, users first stake their $FIRE tokens into a designated pool. Each pool is curated to feature high-potential meme tokens. These pools rotate based on community interest, project hype, and token performance, ensuring that users are always mining promising tokens.

Mining Rewards

Once staked, users begin to mine rewards in the form of the selected meme tokens. The more $FIRE tokens staked, the higher the mining rewards.

Mining rewards are distributed proportionally based on the amount of $FIRE staked and the current APY of the pool. Users can track their rewards in real-time through the Firepool dashboard.

Flexible and Locked Staking Options

Firepool offers two types of staking options to suit different users:

• Flexible Staking: Users can withdraw their $FIRE tokens at any time, though they will receive a lower APY compared to locked staking.

• Locked Staking: Users who commit their $FIRE tokens for a fixed period (e.g., 30, 60, or 90 days) will receive higher APYs as an incentive for long-term participation. This encourages users to support the platform's growth without constantly needing to access their staked funds.

Dynamic Pools

Firepool's mining pools are regularly updated, with new meme tokens being added to the platform. This ensures that users can always mine emerging projects and participate in the growth of new meme tokens that are gaining traction.

As meme tokens rise in popularity or relevance, they are added to pools, keeping the mining process exciting and dynamic.