Garry Smith

The Fire Token is the world’s most deflationary asset (90% anual), so every day 0.6% of supply disappears. This token is built on the Binance Smart Chain (BSC).

Be used as a store of value, that is always increasing because of its deflationary policy.

Help fighting inflation and become a solution for countries like Venezuela, Turkey, Argentina.

Be a coin whose price is always increasing.

The Fire Token was launched on the first of May, 2021 with 100 trillion XFR tokens created at genesis. From the beginning of the token’s existence the account balance of every holder of XFR will fall daily a rate such that every year for about 12 years 90% of the XFR are burned. That is, 99.99% of the XFR will be burned in the next 12 years, and only about 100 XFR will remain in the end. The burning rate is a function of time and affects each address holding XFR equally and constantly.

The Fire Token was conceived by expert economists:

Juan Correa (Founder and CEO): Juan read Politics Philosophy and Economics at the University of Oxford and Computational Statistics at the Università Bocconi in Milan. He wrote his Masters degree thesis on “The Economic and Psychological effects of an Aggressive deflationary policy.”

Simon Ford (Economics Advisor): Simon holds a PhD in Economics from the London School of Economics. He has worked as a consultant, a journalist and a British diplomat. Currently he is a full-time entrepreneur.

Fabio Sánchez (Senior Software Engineer): Fabio brings more than 10 years of experience as a software developer and entrepreneur. His expertise encompasses a wide range of disciplines and programming languages.

Leonardo Giro (Business Development): Leo studies Business Administration at the University of Buenos Aires, Argentina. He has seen first hand the effects of government driven inflation and joined our team to promote alternative monetary regimes that help combat it.

Anyone looking to buy and hold XFR will be rational to do so if they expect that the price of XFR will increase at a higher rate than their nominal account balance will decrease. We can point to the fact that XFR is the first asset of its kind and that the nominal price is under great pressure to increase. This provides the coin with a significant publicity mechanism to attract new investors and to expand the size of the network.