# BONFIRE.Win

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**](http://BonFire.Win)\
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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.

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**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.

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**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.<br>

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

   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.<br>

   **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<br>

   **Step 2:** Multiply the result (0.01) by the daily token supply (50,000,000):\
   0.01 × 50,000,000 = 500,000<br>

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


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