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What is FireStarter?
FireStarter is an IMO launchpad that incubates crypto projects on the Metaverse for long-term success. FireStarter is creating an environment that helps supporters of early-stage projects feel comfortable partaking in by removing the risk for investors and bringing credibility to these projects. The owners of these projects benefit from FireStarter by having their communities supercharged, being able to establish an early product that fits the market and setting them up for a successful launch. FireStarter also introduces holders of its native token, $FLAME to these communities.
The FireStarter platform is one of the first Initial DEX Offering (IDO) launchpads and it is native to the Polygon blockchain. The platform is also one of the first to implement the token burn feature. This feature will aim to solve the key problems that exist in Ethereum-based IDO Launchpads. The team behind FireStarter is made up of Marketers, founders, and important thought leaders from top crypto projects. These guys help FireStarter create networking events for the projects looking to join the FireStarter incubator with ease.
The integration with the Polygon network allows the projects in the FireStarter launchpad to enjoy cheap costs repeated to processes involved in an IDO through the Proof-of-Stake (PoV) protocol on the Polygon network. Polygon is a protocol that was designed for building and connecting blockchain networks that are compatible with Ethereum. Polygon is one of the leading Layer-2 solutions out there on Ethereum and it allows decentralized applications (dApps) to operate at a much lower cost. FireStarter’s decision to adopt Polygon allows for speedy scalability as the interests in IDO launchpads keep growing and more users are onboarded.
The IMO
FireStarter is an Initial Metaverse Offering (IMO) Launchpad. The IMO is a process of funding that helps projects that are looking to make an impact on the direction the internet is headed and how people interact with it. This is similar to its counterparts —the ICO and IDO— that have come before it. The IMO process provides opportunities that are being sought after for crypto communities that need them. The process of IMOs includes familiar processes like whitelisting for public presale. However, unlike other decentralized platforms, FireStarter only focuses on projects that are Metaverse-based like NFTs, GameFi, or Integrated Metaverse solutions. The projects that are incubated will all have Integrations on Metaverse, Metaverse implementations, and Metaverse solutions. When all these are present, creating a future that is owned by the users who built it will be what is achieved.
A&R Program
A first of its kind, FireStarter runs a dedicated A&R Program. This program takes advantage of FireStarter’s Influencer and Partner Networks and by utilizing previous work with the likes of G-Eazy, The Weeknd, and more, FireStarter cultivates a diverse ecosystem of opinion leaders and backers who get behind the launchpad projects on FireStarter. One thing the FireStarter team has going for them is their unparalleled social reach and influence in the industry. The team has built a network made up of some of the biggest movers in both decentralized finance (DeFi) and Pop-Culture and projects on the launchpad are set to spread to a lot of people in these diverse industries. Because FireStarter aims to host on the platform a diverse portfolio of innovative premiere projects that are investable, the A&R strategy gives the platform a product offering that is unique to both crypto and mainstream audiences. This is something many other platforms are struggling with.
$FLAME Token
This is a native token of the FireStarter ecosystem. It has a deflationary model and holders of the token will get the opportunity to gain early access to all of FireStarter’s projects through the firestarter.fi decentralized application. Because long term success in IDO Launchpads is generally a hard thing to come by because of sell-offs and volatility, FireStarter has introduced a token burn process to its launchpad. This improves the chances of projects having steady value and price scaling in the long term.
How this works is that for every token purchased, another is burned so scarcity is maintained, and overall volume gets lower. Holders of the $FLAME token also get access to allocations for FireStarter projects. Top tiered holders alongside backers/investors of a project are guaranteed a funding table spot. There's also the ability to stake the tokens. Holders can stake the $FLAME token and the more tokens staked, the higher the allocation a holder gets.
$FLAME Tokenomics, Allocation and Vesting Schedule
FLAME’s tokenomics start at a Public Pre-Sale price of $0.06.
Initial distribution — 100,000,000
- Strategic Round 1 (20.3%) — 10% at TGE, 10% during 9 months
- Strategic Round 2 (5.7%) — 10% at TGE, 10% during 9 months
- Public Presale (4.0%) — 10% at TGE, 10% during 9 months
- Team (15.0%) — 9 months lockup, vesting over 15 months
- Community (15.0%) — This is distributed via rewards geyser according to LM program conditions (TBD)
- Marketing (9.5%) — vesting over 24 months
- Treasury (18.0%) — 6 months lockup, vesting over 18 months
- Seed (8.0%) — 5% at TGE, 10% during 9 months, 5% at month 10
- Initial Liquidity (4.5%) — Supplied to exchanges at launch