What Is FireStarter (FLAME)?
FireStarter aims to incubate metaverse cryptocurrency projects for long-term success through an IMO cryptocurrency launchpad. Initial Metaverse Offering (IMO) is a more defined way of trading in cryptocurrencies than its predecessors ICO and IDO.
Unlike other decentralized platforms, FireStarter only focuses on metaverse projects. Moreover, FireStarter seeks to allow early-stage crypto projects to raise funds through the IMO launch process. Moreover, with the FireStarter Networks, projects reach large audiences and raise funds at an unprecedented rate.
According to the whitepaper, the FireStarter platform aims to create a conducive environment for early project supporters to feel comfortable participating by de-risking investments and bringing credibility to projects. Those who own projects can see their existing community supercharged. The project seeks to lead the way to secure $FLAME token holders.
Through the firestarter.fi DApp, $FLAME token holders get early access to the projects. Tiers and allocation amounts are determined by staking. A higher allocation is determined by the amount staked in FLAME.
FLAME is the utility governance token for the FireStarter platform and DAO. As the governance token for FireStarter DAO, FLAME is used to organize and incentivize the community around the platform, aiming to enable community-driven governance of FireStarter.
Firestarter will conduct multiple liquidity mining programs in several phases, each with a set
of incentives designed to be optimal for the platform at that stage.
The initial liquidity mining program aims to provide liquidity for the $FLAME Token by bootstrapping the FLAME-USDC liquidity pool. The FLAME-USDC pool rewards users with $FLAME Tokens if they provide liquidity and stake their LP Tokens on the FireStarter platform.
History of FireStarter (FLAME)
In addition to industry experts with diverse backgrounds, FireStarter's team includes former VPs from Fortune 500 companies and founders of top 100 crypto projects. The core team comprises Parul Gujral, Danny Tawiah, Brian Ball, Zack Rice, Ed Delahuntyl, and Grady Brannan.
In the FireStarter protocol, there is a maximum total supply of 100,000,000 FLAME tokens.