MATR1X FIRE launches "Infinite Game" initiative, burning 500 million $FIRE tokens
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MATR1X FIRE launches "Infinite Game" initiative, burning 500 million $FIRE tokens
The "Infinite Game" initiative is divided into three phases to build a healthy, diverse, and robust ecosystem for $FIRE.
Navigating Web3 tides with focused insightsMATR1X FIRE has announced the launch of its "Infinite Game" initiative, under which a total of 500 million $FIRE tokens will be burned. The "Infinite Game" plan consists of three phases, aiming to upgrade the economic cycle of $FIRE and expand its use cases through innovative distribution and token burning mechanisms, thereby building a healthy, diverse, and robust ecosystem for $FIRE.
Phase One: Firefly
Timeline: Within 7 months after $FIRE TGE
Objective: Establish a solid foundation for future growth of $FIRE through effective distribution and token burn mechanisms.
Initial Supply Capped at 1 Billion: The initial total supply of $FIRE is capped at 1 billion tokens. For detailed information, please refer to the FIRE section in the whitepaper (Whitepaper Link).
Burning Mechanism Activation: All $FIRE tokens consumed within the Apollo program will be permanently burned, simultaneously reducing the maximum supply cap of $FIRE.
Burn 80% of Team Tokens: The founding team's holdings of $FIRE will be reduced from 25 million to 5 million tokens. The 20 million tokens removed will be burned, and the total supply cap of $FIRE will be adjusted downward accordingly.
Phase Two: Flamingo
Timeline: Months 7 to 24 after TGE
Objective: Expand $FIRE’s application scenarios, accelerate token burning, and reduce the total supply cap down to 500 million.
Dynamic Adjustment of Emission Rate: $FIRE will be gradually issued based on verifiable work effort and dynamically adjusted according to the scale of the ecosystem's user base.
New Burning Mechanisms: Economic activities within the gaming ecosystem will accelerate the burning of $FIRE and progressively lower its total supply cap until it reaches 500 million.
New Use Cases: $FIRE will be integrated into more gaming products.
Phase Three: Phoenix
Timeline: 24 months after TGE (subject to ecosystem development)
Objective: Upgrade the game economy cycle, enhance ecosystem diversity, and achieve full circulation of the $FIRE token.
Economic Cycle Upgrade: $FIRE tokens consumed through various application activities—such as gaming, esports, marketplaces, and community platforms—will flow into designated pools, providing long-term incentives for valid work proofs.
Financial Instrument Derivatives: New financial mechanisms will emerge to enable more efficient circulation of $FIRE within the gaming ecosystem.
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