$FIRE was created as an innovative step towards the creation of a sustainable passive income ecosystem. $FIRE operates within the Avalanche blockchain (AVAX). Phoenix Community Capitol is a decentralized autonomous organization (DAO) whose main goal is to conduct a risk assessment and sustainable growing analysis for the meaning of finding high yield returns on investments over time. The project also can invest in investments that are outside the world of cryptocurrency such as real estate. The team’s investments are designed to give the community investors a return of $FIRE tokens.
Vision
The overall goal for $FIRE is to ensure that community members benefit from DeFi investments, traditional cryptocurrency trades, liquidity pools, and real-world investments.
Nest
The primary investment project is initiated around an investment referred to as Nest. Nests are tools that allow people to generate $FIRE token rewards, which helps create sustainable growth for the token. Nest owners need to understand rewards increase with the appreciation of the value of $FIRE. For a person to claim a Nest, they must buy 10 $FIRE tokens. Nest holders can decide when to buy, sell or reinvest their $FIRE tokens. Members should be aware there is a maintenance fee of 0.2 $AVAX per Nest every 90-day period. The system only allows you to pay your maintenance fee up to a 180-day period. Nest owners also pay a fixed $0.05 $AVAX fee per Nest redeemed.
Tokenomics
Everytime a Nest is created the (10) $FIRE tokens that were needed to create the Nest gets disbursed as follows:
7 $FIRE= Community Member Rewards Pool
1 $FIRE= Liquidity Pool 50% FIRE/50% AVAX
2 $FIRE= Community investment Treasure Wallet
Total Supply 1,000,000
Current Price: $355
Market Cap $Unknown
Contract: 0xfcc6ce74f4cd7edef0c5429bb99d38a3608043a5
NFTS
The Phoenix Community Capital team decided to use NFTs to reward investors with growth increases of the $FIRE token. As the project grows there will be more NFT projects but for now, there are only three NFT projects.
Conclusion
Interesting in buying your own Nest? Buy $FIRE here. The current price of $FIRE can be found here. $FIRE is a well-thought-out project that understands its tokenomics from the beginning, unlike other Defi 2.0 projects. The treasury for this project has the ability to invest in other projects like MCC or CCF, projects I know will be successful for the long term. People don’t have to buy 10 $FIRE tokens, the cryptocurrency itself is a wonderful investment with only 1,000,000 ever made. This project will be successful if it’s still around in five years. Cant wait to get my own Nest and check out the rewards.
