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Fire Token

FIRE

Price
$0.000162
9/28/2022, 5:32:34 AM
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Fire Token price is unchanged in the past week.

The current price is $0.000162 per FIRE. The new price represents a new all time high of $0.000162.

About

What is Fire Token (FIRE)?

The Fire Token is a BEP-20 token (a token on the Binance Smart Chain) that incorporates a reflection model to benefit the holders. The reflection model is a mechanism that taxes the traders to reward holders. According to its whitepaper, the fire token has an inbuilt mechanism to assure the funding for marketing for businesses and users worldwide.

In addition, the Fire token looks to resolve the problem that exists with almost all Binance Smart Chain projects, which is all projects have a market cap of one million to one billion. The Fire token seeks to eliminate all such capping and other functions that make users feel unsafe. This process is carried out by using the revision of the problems that exist in the market and developing a counterbalance to the identified challenges, as reflected below:  

The Problem: 

  • Most projects in the Binance Smart Chain have a one million to one billion market cap and are all forks, similar to Safemoon.

  • Further, Safemoon and all their forks have functions that allow them to exclude addresses from getting rewards and not pay transaction fees.

  • They also have functions that enable them to update the fees, which means that in theory, Safemoon & Co could increase the liquidity fee to 100 percent and force all transaction value to be added to the Pancakeswap Liquidity Pool.

  • This combination of the contract design to receive the new-minted liquidity pool tokens opens up the possibility of rug pull at any time.

  • Most forks are forced to renounce ownership to fix this issue, which can have long-term consequences.

The Solution: 

  • Fire token removes all functions related to this to keep its users safe.

  • Fire token does not allow the owner to update the value fees nor exclude accounts from fees or rewards.

  • Furthermore, new-minted liquidity pool tokens go directly to the burn address, making the Fire token rug proofed.

These features make the Fire Token a safe deflationary reflection asset that users can use for the purpose of marketing. Besides these changes, the token also provides the provision of reward opportunities for users for staking and using the token.

History of Fire Token

The token has a maximum supply of 1,000,000,000 FIRE.

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FAQ

What is the current price of Fire Token?

The price of 1 Fire Token currently costs $0.000162.

What other assets are similar to Fire Token?

Assets that have a similar market cap to Fire Token include Ethereum 2, Ethereum, Tether, and many others. To see a full list, see our comparable market cap assets.

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