10 $FIRE = 1 Phoenix Nest = 0.225 $FIRE a day. It's that simple.
The Phoenix Community Capital project is designed around an investment position holder called a Nest.
Nests are the tools that allow you to generate $FIRE rewards while reinforcing the sustainable growth of the token.
This means double rewards for you as the value of your rewards increase with the growth of the value of $FIRE.
$FIRE is a token that is designed to generate high-yield rewards by combining investment capital into DeFi yield protocols, decentralized reserve currency, and other high-yield, large scale investments that are generally unsuitable for individual investors.
$FIRE uses a simple mechanism to redistribute the yield while supporting the growth of the project. The reward rate has been balanced for maximum sustainability.
You can create a Phoenix Nest with 10 $FIRE tokens. Once your Nest is created, it will generate rewards on an ongoing basis.
When a Phoenix Nest is created, 7 $FIRE are transferred to the rewards pool, 1 $FIRE is added to the liquidity pool as 50% $FIRE and 50% AVAX, and 2 $FIRE are transferred to the treasury wallet to be used for investments.
Phoenix Community Capital represents the idea of Investment as a Service (IaaS), and as such, investments are decided by our investment advisors. The community will be made aware of the investments, and we welcome investment suggestions on our Discord server. However, investments will ultimately be decided by the Phoenix Community Capital team for the betterment of the project and sustainability of the investments.
We will display an investment ledger for the community to see what is invested, when it was invested, and the return-on-investment status.
Our goal is to bring DeFi into the average household. Ethereum's high gas fees make it impossible for most people to access the Ethereum network.
We want $FIRE to be accessible to everyone, including smallholders, so we chose to be on the Avalanche Chain. However, this does not prevent us from taking advantage of DeFi yield protocols on Ethereum.
A Nest is a term used to describe an initial deposit holding. When you create a Nest, you are depositing funds to the treasury to be used for the project's investments.
You can easily buy $FIRE onTrader Joe
The contract address of the $FIRE token is :
0xfcc6CE74f4cd7eDEF0C5429bB99d38A3608043a5
You can create your $FIRE Nests and collect your $FIRE rewards on our web app: thephoenix.finance/app. Click here to go to the web app.