MATR1X FIRE Burns 500 Million $FIRE Tokens Through the "Infinite Games" Program

Bittime - MATR1X FIRE has just announced its "Infinite Games" program. This program aims to burn up to 500 million $FIRE tokens. 

Infinite Games is designed with three structured stages. The MATR1X FIRE program is not only for burning tokens, but also for strengthening the $FIRE token ecosystem as a whole.

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The "Infinite Games" program is like forging strong and sturdy steel. In the future, $FIRE will have a healthier economic cycle, and have more functions and uses. The following are the stages of the "Infinite Games" program from MATR1X FIRE.

Also read: MATR1X Launches Top Gun NFTs and 30 Million $MAX Tokens

Stage 1: Fire Lanterns (Fireflies)

• Time: First 7 months after $FIRE (TGE) launch.
• Goal: Build a strong foundation for $FIRE's future growth through effective distribution and burning mechanisms.
• Initial Supply Restrictions: The total initial supply of $FIRE is limited to 1 billion tokens. Details on these amounts can be found in the MATR1X FIRE white paper (link to white paper).
• Burn Mechanism Activation: All $FIRE tokens used in the Apollo program will be burned and destroyed, reducing the total amount of $FIRE in circulation.
• Team Token Burn: As much as 80% of the founding team's $FIRE token holdings will be burned. This means that 20 million $FIRE tokens from the initial holding of 25 million will be burned, reducing the total supply.

Stage 2: Flamingo

• Timing: 7-24 months after TGE.
• Goal: Expand the use of $FIRE, accelerate token burning, and lower the cap on the total amount of $FIRE to 500 million.
• Dynamic Adjustment of Output Rate: $FIRE tokens will be awarded gradually through valid proof of work, and the amount will be adjusted dynamically based on the number of ecosystem users.

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• New Burning Mechanism: In-game ecological and economic behavior will speed up $FIRE burning and lower the upper limit of the total amount of $FIRE to 500 million.
• New Use Cases: The $FIRE token will have new functions and uses within various gaming products.

Also read: MATR1X Apollo Project Launches, Brings 50 Million $MAX and Airdrop Opportunity

Stage 3: Phoenix

• Time: 24 months after TGE (depending on ecosystem development).
• Goal: Improve the game economic cycle, expand the diversity of the game ecosystem, and realize the full circulation of $FIRE tokens.

• Economic Cycle Improvement: $FIRE tokens used in various application activities (such as gaming products, esports products, trading markets and community products) will enter a special pool to provide long-term incentives for effective proof-of-work.
• Derivative Financial Instruments: More financial mechanisms will emerge to allow $FIRE to circulate more efficiently in the gaming ecosystem.

This "Infinite Games" program shows MATR1X FIRE's commitment to building a healthy and sustainable $FIRE ecosystem. With the burning of tokens and expansion of functions, the $FIRE token is expected to have increasingly strong value in the future.

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