Ecosystem
0.4782 $
1'576'752 $
3'297'299
14'429'838
6'570'162
118.80 $
3'985'717 $
33'550
81'649
33'274
The FireBot ecosystem
FireBot aims to maximize the potential of DeFi strategies, and yield-generating protocols to offer tokenized investment vehicles for its users. We engineer and structure investment strategies available through smart-contracts deployed on the Polygon blockchain. Their objectives range from high yield to principal protection.
Ultra-Sound Money Tokenomics 🦇🔊
The maximum FBX supply is 21,000,000. However, the protocol has already burned 6,570,162, and only 3,297,299 are currently in circulation. The remaining 11,132,539 are locked in the emission contract.
The only way to unlock FBX is to acquire and stake Elemental Particles, our Proof-Of-Burn tokens. Anyone can create (mint) new EP tokens by burning FBX at 300 FBX per EP. In total, this currently removes about 332 FBX from circulation per day.
Each day, the contract emits 1/1336th of the remaining locked FBX. Like Bitcoin, which goes through a halving every four years, the emission contract will release fewer tokens over time.
Today, the owners of the 33,274 EP tokens staked in the contract will share 7,499 FBX. 1 EP currently yields 0.2254 FBX per day.
These mechanisms ensure a decreasing inflation for the FBX token as the contract distributes fewer tokens every day. Additionally, a regular burn reduces the existing supply as users compete to get the highest share of the emission by burning FBX to acquire and stake more EPs.
If capped-supply gold is sound, decreasing-supply FBX is ultra-sound.
| Tokenomics comparison | BTC | ETH | FBX |
|---|---|---|---|
| Emission | Decreasing | Variable | Decreasing |
| Maximum supply | Capped | Potentially decreasing | Capped and decreasing |
| Burn mechanism | ❌ | ✅ | ✅ |
DAO's Reserves
The DAO is an entity controlled by FBX holders that aims to grow and support the FireBot ecosystem. For transparency, here is an estimated state of its reserves. Disclaimer: The data provided is for informational purposes. It aims to be as close as possible to reality; however, it is not real-time and can be inaccurate. Do not use this information for automated trading.
| Asset | Amount | Price | Value |
|---|---|---|---|
| EP | 8'501.8003 | 118.80 $ | 1'010'012 $ |
| FBX | 1'177'121.6086 | 0.48 $ | 562'894 $ |
| USDT | 474'903.2708 | 1.00 $ | 474'903 $ |
| TRX | 2'769'345.5699 | 0.12 $ | 335'589 $ |
| ETH | 83.5918 | 3'135.94 $ | 262'139 $ |
| NEAR | 6'214.7712 | 6.95 $ | 43'218 $ |
| BNB | 55.2083 | 586.40 $ | 32'374 $ |
| MATIC | 14'302.6516 | 0.73 $ | 10'447 $ |
| XRP | 3'327.3119 | 0.53 $ | 1'758 $ |
| BTC | 0.0202 | 63'652.66 $ | 1'287 $ |
| SOL | 1.0751 | 145.36 $ | 156 $ |
| DOT | 18.9533 | 7.06 $ | 134 $ |
| Other | 87 $ | ||
| Total | 2'734'998 $ | ||