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Bonfire is a community orientated, frictionless, yield generating contract based on the Binance Smart Chain. The project is based on an RFI tokenomic model that takes a 5% fee on every transaction that is proportionally redistributed to all holders of the Bonfire token, and another 5% fee that goes into the liquidity pool to provide additional security for token holders.
The project maintains the long-term goal of launching a decentralised social media platform, providing a space for NFT sales and sharing, as well as other utilities and sub-projects that are yet to be announced. The strongest asset of Bonfire is the incredible community that has been built around it. Giveaways, competitions and charity donations are an integral part of Bonfire.
Bonfire seeks to stand apart from the crowd and move towards a future of stability and multi-faceted use. With a dedicated team of multi-skilled and highly technically experienced developers combined with marketing and social engagement managers, the project is being driven by people with a true belief in decentralized finances and the positive changes it can effect on the world and the global community.
SafeMoon Protocol is a decentralized finance (DeFi) token. According to the SafeMoon website, SafeMoon has three functions that take place during each trade: Reflection, LP Acquisition and Burn.
SafeMoon protocol is a combination of RFI tokenomics and an auto-liquidity generating protocol. According to an article, SafeMoon plans to develop a non-fungible token (NFT) exchange, as well as charity projects and crypto educational apps.
SafeMoon launched on Mar. 8, 2021.
The SafeMoon white paper notes that a big problem in the emerging DeFi industry is the existence of high APY LP-farms that don’t have easy access for newcomers to the space.
The Pi Network is a project started by Stanford University computer scientist and lecturer Dr. Nicolas Kokkalis which aims to produce a cryptocurrency called Pi and a platform in which to use it, including applications developed by 3rd parties.
This app allows you to access and grow your Pi holdings and serves as wallet to host your digital assets. Pi is fairly distributed, eco-friendly and consumes minimal battery power.
Well, Pi is 3.14159265359 and is a mathematical constant. But that’s not what we’re here for.
We’re here to talk about the Pi Network. Pi Network is a cryptocurrency project developed by Standford PhDs and graduates — Nicolas Kokkalis, Chengdiao Fan, and Vince McPhillip, designed to run on mobile phones.
The goal is to create a blockchain that works with the Stellar Consensus Protocol (SCP) to make it as resource-efficient and user-friendly as possible by employing a “security circles” system.
It all started on March 14th, 2019 (the official Pi day), when the developers launched their mobile app. They marketed it as a free, battery-friendly mobile mining app that you only have to access once a day for it to continue mining for you on its own. The mining rate started at 3.1 Pi/h and halved every time the number of users grew over a certain number.
And to add up to the mining rate, each user could refer to other people in order to get a bonus.
The community grew larger and larger, and by March 2021, the app has already got over 14 million engaged members with a 0.1 Pi/h base rate.
1:41 Bonfire Token
3:52 Safemoon Token
5:58 Pi Token
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