🔥BONFIRE.Win

Introducing Smart Burn. Burn Smarter. Built on X28

BonFire (BFX) White Paper - Introduction

BonFire (BFX) is an innovative decentralized finance (DeFi) project built on the X28 ecosystem, leveraging cutting-edge Smart Burn Technology to revolutionize traditional buy-and-burn protocols. BonFire is designed to maximize the efficiency and impact of buy-and-burn mechanisms, elevating deflationary tokenomics to new heights.

Key Features:

• Fair Launch: Combines a virtual mining and auction hybrid model for equitable access.

• Decentralized & Deflationary: Focused on community empowerment and a robust burning mechanism.

• Smart Burn Power: The ultimate engine driving BonFire's unique deflationary model.

Website: BonFire.Win -----------------------------------------------------------------------------------------------------------------

Features Overview

Smart Burn Power (SBP)

• Buy & Burn: Permanently burns BonFire, X28, E280, and Morpheus tokens, removing them from circulation forever.

• Non-X28 deposits are automatically converted to X28 for system consistency.

• Purchase SBP using X28, TitanX, ETH, or USDC.

Mining Mechanism

8-Day Miner Period

• Daily Mining Supply: 50 million BFX tokens are available to mine each day for the first 8 days and reduce over time.

• Progressive Supply Reduction: The daily mining supply reduces by 1% each day after the first 8 days.

8-Day Vesting Period

• Daily Claims: Users can claim mined tokens daily.

• Forfeiture: Claims made within the 8-day vesting period are subject to an initial 8% forfeiture on day 1, decreasing by 1% per day. No forfeiture applies after day 8.

• Full Vesting: To fully vest all mined tokens, users must wait 8 days for each miner.

Vesting Reward Pool

• Starting day 9, tokens from forfeitures are distributed among Diamond Hands—users who hold their tokens without claiming prematurely.

Mining Process: Simple and Rewarding

1. Buy Smart Burn Power (SBP): Purchase using eligible tokens.

2. Start Mining BonFire: SBP determines your share of the daily BFX distribution. Think of SBP as your Hash Power

3. Maximize Rewards: Longer vesting periods reward patient holders with additional incentives.

   *The daily token distribution is based on each user's mining power relative to the total mining power of all participants.

   To calculate your share of the daily token distribution:

   1. Take your individual mining power.

   2. Divide it by the total mining power of all users combined.

   3. Multiply the result by the total daily BFX Available.

   Example Calculation:

   • User's Mining Power: 100

   • Total Mining Power: 10,000

   • Daily BFX Available: 50,000,000

   Step 1: Divide the user's mining power (100) by the total mining power (10,000): 100 ÷ 10,000 = 0.01

   Step 2: Multiply the result (0.01) by the daily token supply (50,000,000): 0.01 × 50,000,000 = 500,000

   Result: The user's share of the daily distribution is 500,000 BonFire Tokens (BFX).