Welcome to the FireBot ecosystem!
FBX, the utility and governance token of our DAO, runs on top of quantitative investment strategies that were designed to offer significant protection against the volatility of crypto markets.
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Through Proof-of-Ownership, new FBX are issued every day, while the Tokenomics induce regular burns that aim to offset its supply growth.
Ultra Sound Money Tokenomics
🦇🔊
There will never be more than 21,000,000 FBX tokens created, 17,487,154 are still left to be issued, and 1,568,517 have already been burnt by the protocol, which means that only 1,944,329 are currently in circulation.
About 11,145 FBX are currently issued every day for stakers, liquidity providers and DApp users.
Like Bitcoin's mining reward, this emission is bound to decrease over time, but unlike Bitcoin which goes through a halving every 4 years, the maximum daily FBX emissions are capped to 1.25 thousandths of the remaining tokens left to be issued, making sure no more than 21 million tokens will ever be distributed.
On top of its limited supply, the ecosystem has a built-in gamified mechanism that incentivizes investors to burn their tokens, this currently burns about 6,591 FBX per day which offsets the issuance.
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If capped-supply gold is sound, decreasing-supply FBX is ultra sound.
About 11,145 FBX are currently issued every day for stakers, liquidity providers and DApp users.
Like Bitcoin's mining reward, this emission is bound to decrease over time, but unlike Bitcoin which goes through a halving every 4 years, the maximum daily FBX emissions are capped to 1.25 thousandths of the remaining tokens left to be issued, making sure no more than 21 million tokens will ever be distributed.
On top of its limited supply, the ecosystem has a built-in gamified mechanism that incentivizes investors to burn their tokens, this currently burns about 6,591 FBX per day which offsets the issuance.
-
If capped-supply gold is sound, decreasing-supply FBX is ultra sound.
FBX Hard Cap
21,000,000
Left To Be Issued
17,487,154
Burnt Tokens
🔥 1,568,517
Circulating Supply
1,944,329
Daily Issuance
11,145
Daily Burn
🔥 6,591
Daily Net Supply Growth
4,554
Projected Supply Evolution
| Tokenomics comparison | BTC | ETH2 | FBX |
|---|---|---|---|
| Consensus / Governance | Proof-of-Work | Proof-of-Stake | Proof-of-Stake |
| Token Emission | Proof-of-Work, decreasing | Proof-of-Stake, fixed | Proof-of-Ownership, decreasing |
| Maximum supply | Capped | Potentially decreasing | Capped and decreasing |
| Burn mechanism | ❌ | ✅ | ✅ |
| Treasury backed by other assets | ❌ | ❌ | ✅ |
| Utility |
Store of value
Reference currency Transaction fees |
Reference currency (tokens sales, NFTs)
Governance Transaction fees |
Governance
Game theory Yield optimizer |
| Protocol's revenue source | Demand |
Demand
Gas fees burns |
Demand
Game theory burns FireBot algorithm NFT sales and royalties Yield optimizer fees |
Stake your cryptos in the FireVault!
The FireVaults use the assets you stake to generate yield while maintaining your initial deposit.
The displayed APY in FBX is estimated from the performance of the FBX FireVault over the last full 30 days.
The displayed APY in FBX is estimated from the performance of the FBX FireVault over the last full 30 days.