Campfire Whitepaper v1.0
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Campfire 🔥 ⛺
Campfire ($CAMPFIRE) is a frictionless, yield-generating, hyper-deflationary, double reward reflection contract that isn't broken. Enter a new era of smart contracts (Gen4).
Introducing Campfire, a unique token that will provide its users with double reflection rewards, the ratio of 80% rewards will be distributed via BNB, which will provide immediate benefits to the user short term, and 20% provided in Ethereum. These two tokens have been carefully chosen to greatly benefit the community for holding, to provide both immediate and long term financial applications. After careful consideration we have selected both BNB and Ethereum to be the two tokens most likely to provide our users with instant funds, both in the form of passive income, and also give them the best opportunity to profit long term, in the form of an increase in value of these reflection tokens.
Campfire is a hyper-deflationary token that benefits you with tangible rewards. Tokenomics that simply reward itself within its self-same reflections become useless in scenarios where volume and market-cap are less than desirable: inherently damaging the project. Simply hold Campfire, and every 60 minutes you will receive reflections in both BNB and Ethereum. The BNB will increase in value and can be staked for passive income. The Ethereum will solidify this concept with an additional pool of revenue for users. Passive income or even Bonfire can be staked in the future to receive passive Ethereum and a THIRD token, depending on the pool. We hope that this satisfies your needs as a holder. We have catered to each requirement by providing great reflections, hourly auto compounding, passive income in stable platforms, and a gateway into two great projects, one which has the potential to 3x-5x and the other which the potential to 100x.
The logic behind the token rewards system:
80% BNB Rewards
Currently, BNB’s token price is hovering around the $500 mark, though professional analysts predict that it can increase by as much as $800 by the end of the year, and potentially as much as $2,000 (x5) in foreseeable future due to its status as the dominant decentralized exchange. For Campfire, BNB is an excellent host project to align ourselves with. Our users can stake their BNB and gain high passive income from today whilst seeing the value of their BNB grow rapidly by the day. With a respectable market cap and a considerable stake in the token, rewards will be substantial.
20% Ethereum
Ethereum is known as the Silver Standard in the industry for a reason. Because Ethereum effectively remains a separate independent asset that is extremely reliable; ETH was chosen to help produce an additional layer of income security. Additionally, boost pools which allow their users to both receive reflections of Ethereum and other non-native tokens, tax-free are both incredible.
We have picked both of our reflections tokens for their stability and strength within the industry. This will provide users with daily rewards that are useful regardless of the price. This is significant because the higher the price of Campfire, the more rewards will be distributed. This system was created to produce considerable stability and form self-sustaining tokenomics within a larger and more solidified ecosystem.
Anything here is subject to change without notice and will be effective immediately upon public posting.
Last modified 6mo ago
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