Introduction:
Cryptocurrencies and blockchain technology have revolutionized many fields. However, one that remains untapped in the field of film and filmmakers could be the main solution to generate massive adoption of this technology across society. The movie industry is one that keeps on getting new innovations and ideas from being black and white to surround sound but one thing that has not changed is getting funded. Raising the necessary financing is one of the biggest challenges. Crowdfunding is the new way to arrange funds, also it provides support to small investors and people who want to be a part of the movie world. FireDAO project has come up with the idea to provide the same platform to small investors, actors, and producers to get the benefits. This platform has the power to tell us a lot about our daily lives and past lives. Through this, we can observe the images of our life beautifully. So I think the contribution of the FireDAO token platform is huge in the world of cryptocurrency.
What is Fire DAO?
FIREDAO is an easy-to-use tool that maximizes returns for cryptocurrency assets by automatically deploying them to decentralized finance (DeFi) protocols that generate the highest yield via lending, farming, and exchange services. FireDAO is a social DAO based on PID and FID soul-bound accounts initiated by RainbowCity Foundation whose mission is to fuel the evolution of decentralized civilization, light the fire of civilization, pass on wisdom, and prosper civilization.
The FireDAO has been already launched its frist core product on arbitrum one network. The fire passport, which is their PID system. With fire passport you can make & mange your identity, achieve global web3 on chain identify making & actually participate in the improvement of the FireDAO ecosystem forum. Furthermore we will gradually launch other core product such as fireseed, firesoul, on- chain reputation, city nodes providing FireDAO community users with more innovative and practical features.
Features of Fire DAO:
DeFi is an essential part of the Web3 ecosystem, offering financial services like lending, borrowing, and trading without intermediaries. These services are typically provided by smart contracts on decentralized platforms.
FireDAO has already launched its first core product on the Arbitrum One network — the Fire Passport, which is our PID system. With Fire Passport, you can create and manage your identity, achieve global Web3 on-chain identity creation, and actively participate in the development of the FireDAO ecosystem forum. Furthermore, we will gradually launch other core products such as FireSeed, FireSoul, on-chain reputation, city nodes, and global guilds, providing FireDAO community members with more innovative and practical features.
Fire DAO project opportunities:
• Rewards: They will provide generous rewards mechanism for early contributors to recognise & appreciate your contributions. It includes token rewards, exclusive airdrops, & other incentive plans, Allow you to share in success & growth of project.
• Influence decisions : Your voice will heard & value. As an early contributors, you will be have the benefit to participate in discussing and decision, collectively shaping development director of the FireDAO.
• Early participation: Be a pioneer in project improvement & participate in their progress fristhand. As an early contributors you will be the opportunity to collaborate with their team in early stages of the project and provide valuable feedback and suggestions for product and services.
• FireDAO ecosystem forum: We encourage your active participation in the improvement of the FireDAO ecosystem forum. Such as position replying and integration within forum. As a reward you receive more incentive token FLM as recognise and appreciate for you contributions and participation in the forum.
Tokenomics:
FireDAO adopts a complex tokenomics model known as "3+2+7+X." This model includes ecosystem tokens, ecosystem Web3 IDs, soul-bonding tokens, and community behavior badges. There are initially more than 10 different types of tokens to sustain and maintain the operation of the entire on-chain economy.
3 Ecosystem Tokens: FDT for ecosystem governance, FLM for ecosystem incentives, and FireSeed for ecosystem identity.
2 Ecosystem Web3 IDs: PID generated by minting FirePassport and FID generated by minting FireSoul, representing the Web3 identities of community members.
7 Soul-Bonding Tokens (SBT): SBT-001 to SBT-007, recording the community behaviors and data statistics of each formal DAO member.
X Community Behavior Badges: NFT-based badges issued by FireDAO for different ecosystem community behaviors, serve as another form of SBT.
Conclusion:
In my opinion, FireDAO is something new in the crypto world. I must say that we should join this revolutionary project with various features and solutions provided by FireDAO project. FireDAO is a user-friendly platform that increases profitability and is easy to use even for non-technical users. So it is hoped that there will be more people who can feel the benefits of crypto.
$FLM #FLM #DAO #Arbitrum #FireDAO #Defi #Arbitrumgem
Official sites:
Website: https://www.firedao.co/
Twitter: https://twitter.com/FireDAOlab
Discord: https://discord.gg/HjtHk5j6nG
Telegram: https://t.me/FireDAOEN
Facebook: https://facebook.com/FireDAO
TikTok: https://www.tiktok.com/@firedaoofficial
Reddit: https://www.reddit.com/r/FireDAO
YouTube: https://www.youtube.com/@FireDAOlab
Medium: https://medium.com/@FireDAOlab
Author information:
Bitcointalk username: Bitluck77