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.
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
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.
|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|
|Treasury backed by other assets||❌||❌||✅|
Store of value
Reference currency (tokens sales, NFTs)
|Protocol's revenue source||Demand||
Gas fees burns
Game theory burns
NFT sales and royalties
Yield optimizer fees
Stake your cryptos in the FireVault!
The displayed APY in FBX is estimated from the performance of the FBX FireVault over the last full 30 days.