Tokenomics of $FIRE

The Tokenomics of $FIRE is designed to support the long-term sustainability of the Firepool ecosystem, ensuring that both users and projects can thrive. The $FIRE token serves as the core utility and governance token within the platform, facilitating staking, mining, and community-driven decisions. The tokenomics structure ensures that $FIRE has both short-term utility and long-term value, benefiting early participants while providing stability and growth for the platform.

$FIRE Token Utility

Mining Access

• $FIRE is the gateway to participate in Fire Pool Mining. Users stake $FIRE tokens into mining pools to earn rewards in meme tokens. Mining through Firepool allows users to access the latest meme token projects and receive rewards in high-potential tokens.

Bonding Curve Participation

• Users can use $FIRE to join bonding curve launches, enabling participation in the initial distribution of new meme tokens. The bonding curve ensures a fair and transparent price discovery process, where early users can contribute and earn rewards from new meme token projects.

Fire Boost

• By burning $FIRE tokens, users temporarily boost their mining APY (Annual Percentage Yield), increasing the amount of rewards they earn during specific mining periods. This scarcity-driven mechanism incentivizes active participation and helps reduce the circulating supply, potentially increasing the value of $FIRE over time.

Governance

• $FIRE holders have the ability to vote on key decisions within the Firepool ecosystem. This includes voting on which new meme tokens should be added to mining pools, platform updates, and other crucial governance matters. This decentralized approach ensures the community has a say in the platform's future, creating a democratic ecosystem.

Token Allocation

The allocation of $FIRE tokens is designed to ensure fair distribution, community participation, and sustained growth of the Firepool platform. The allocation structure incentivizes both early adopters and long-term holders.

Category	Percentage of Total Supply
Public Sale	70%
Launchpad Support	10%
Community Incentives	10%
Marketing	5%
Team	5%

Public Sale (70%)

• The majority of $FIRE tokens (70%) will be allocated to the public sale, ensuring a fair launch and widespread community access. This large allocation ensures that early participants have the opportunity to acquire tokens at a fair price.

Launchpad Support (10%)

• 10% of the total supply will be dedicated to supporting launches through the Firepool Launchpad. These tokens will be used to reward early supporters and incentivize participation in the initial meme token launches hosted on Firepool.

Community Incentives (10%)

• 10% of the supply will be reserved for community incentives, including staking rewards, Fire Boost rewards, and participation in governance. This ensures that active participants are rewarded for their engagement and contributions to the ecosystem.

Marketing (5%)

• 5% of the tokens will be allocated for marketing activities, helping to raise awareness and drive adoption of the Firepool platform. These tokens will be used to promote Firepool’s ecosystem and attract more users and projects.

Team (5%)

• 5% of the total supply is allocated to the team behind Firepool. This ensures that the project’s core developers and contributors are properly incentivized for their work in building and maintaining the platform.