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Fire Protocol (FIRE)

Fire Protocol is a protocol on the Huobi Smart Chain that establishes bridging services, AMM-style decentralized exchange, and lending markets for digital assets.

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Overview

Project industryFinance Services & Banking
Product typePlatform

What is Fire Protocol

Fireswap Protocol is the first infrastructure to Huobi Chain, which helps onboard non-Huobi Chain assets via our cross-chain solutions, an integrated trading and money market with lending and borrowing services. The DEX and the lending platform works in conjunction, such as all tokens that are being traded can also be used as collateral on the lending platform. Additionally, Liquidity Provider tokens from the DEX can also be used as collateral. With these collaterals, users can borrow other assets for trading, which in turn increase the trading volume. With the integrated DEX, the liquidation issue of lending / borrowing platform can also be solved, as we will automate the liquidation via selling the collateral on the AMM DEX directly (limited by the amount of liquidity available on the DEX) and in turn this will be a factor to consider for the collateralization ratio.

Huobi Smart Chain (HSC) has been demonstrated as a better alternative to Ethereum. There is zero gas fee on Huobi Smart Chain, in turn incentivizing more users to transact on the chain. Furthermore, HSC is also EMV-compatible for developers to enter. Lastly, as an add-on value of the governance token, FIRE token further provides incentive plans and governance voting to maintain the user ecosystem.

Details

Public sales: Dec 28, 2020 - Dec 28, 2020
Token supply: 100,000,000 FIRE
Total tokens for sale: 10,000,000 FIRE
Hard cap: 1,000,000 USD

Token info

Ticker: FIRE
Token standard: ERC20
Token price in USD: 1 FIRE = 0.10 USD
Funds allocation:
Private Sales - 10%
Team - 10%
PR & Marketing - 5%
Advisors - 5%
Liquidity Mining - 55%
DAO Reserve - 15%

Fire Protocol Roadmap

1
Q4 2020
  • MVP version of Wrapped
  • DEX, lending (basis functionality)
  • 2
    Q1 2021
  • Wrapped
  • Lending
  • 3
    Q2 2021
  • Cross-chain asset swap
  • Liquidity sharing between
  • different lending pools
  • 4
    Q3 2021
  • Limit order
  • Margin trading
  • 5
    Q4 2021
  • Integration of insurance policy
  • 6
    2022 & onards
  • Synthetic assets
  • Aggregator for other protocols
  • Derivatives
  • Project team

    Danny Christ
    Danny Christ
    CEO
    Danny Christ linkedin
    Graham Leach
    Graham Leach
    CTO
    Graham Leach linkedin
    Corey Billington
    Corey Billington
    CMO
    Corey Billington linkedin

    Social media

    Fire Protocol web-siteFire Protocol MediumFire Protocol TelegramFire Protocol TwitterFire Protocol Discord

    User rating:

    5/5 ( 1 )
    1

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