MATR1X FIRE has announced the launch of its “Infinite Game” plan, which involves burning a total of 500 million $FIRE tokens. The plan consists of three phases aimed at upgrading the economic cycle of $FIRE and expanding its application scenarios, thus creating a healthy, diverse, and robust ecosystem for $FIRE.
Phase One: Fireflies
Timeline: Within 7 months after $FIRE TGE
Objective: Lay a solid foundation for the future growth of $FIRE through effective distribution and burning mechanisms.
Initial Total Supply: The initial total supply of $FIRE is limited to 1 billion tokens. For more details, please refer to the FIRE section of the whitepaper (whitepaper link).
Initiation of Burning Mechanism: All consumed $FIRE in the Apollo plan will be burned, simultaneously reducing the total supply limit of $FIRE.
Burning 80% of Team Tokens: The $FIRE held by the founding team will be reduced from 25 million tokens to 5 million tokens. The remaining 20 million tokens will be burned, thus reducing the total supply limit of $FIRE.
Phase Two: Phoenix
Timeline: Within 7-24 months after TGE
Objective: Expand the application scenarios of $FIRE, accelerate burning, and reduce the total supply limit of $FIRE to 500 million.
Dynamic Adjustment of Production Rate: $FIRE will gradually be produced through effective proof-of-work, with the production rate dynamically adjusted based on the size of the ecosystem’s user base.
Introduction of Additional Burning Mechanisms: Economic behaviors within the gaming ecosystem will accelerate the burning of $FIRE and further reduce the total supply limit until it reaches 500 million.
Introduction of Additional Application Scenarios: $FIRE will be introduced in more gaming products.
Phase Three: Phoenix
Timeline: 24 months after TGE (depending on the development of the ecosystem)
Objective: Upgrade the economic cycle of the game, expand the diversity of the gaming ecosystem, and achieve full circulation of $FIRE tokens.
Upgrade of Economic Cycle: $FIRE consumed by various application behaviors such as gaming products, esports products, trading markets, and community products will enter a specific pool to provide long-term incentives for effective proof-of-work.
Derivation of Financial Tools: More financial mechanisms will be introduced to facilitate the efficient circulation of $FIRE within the gaming ecosystem.