FireBot is a cryptocurrency project that offers an innovative solution for trading cryptocurrencies through a Telegram bot. Users can utilize this bot for quick and seamless trading directly from the Telegram application. FireBot is also the first deflationary bot on Telegram, providing features such as trading, sniping, wallet copying, and unique volume bot options for projects interested in using the bot for their own market making.
The project was launched as a Fair Launch, meaning that 100% of the token supply was added to liquidity right at the launch. A total of 1 million tokens were issued, which are fully in circulation without any dilution. There is a 5% tax on every FIREBOT token trade, which is allocated as follows: 1% is added to liquidity (LP), 2% is burned, and the remaining 2% is used for marketing and operational expenses.
FIREBOT token holders gain a share of transaction fees, specifically 40%. To claim a profit share and receive discounts when using the bot, users must hold at least 100 FIREBOT tokens. Rewards are proportionally distributed based on the amount of held tokens. Holders receive 40% of transaction fees and an additional 10% is used for buying back and burning the $Firebot token.
The standard transaction fee through the bot is 1%. Holders of at least 100 FIREBOT tokens, whose wallets are linked with the bot, are entitled to a 20% discount on this fee. Transactions made through the MarketMaker Volume bot have a standard fee of 0.1%, and holders of more than 100 FIREBOT tokens again receive a 20% discount. Rewards are paid out in two-hour intervals and can be claimed after a 24-hour period. Transferring more than 200 tokens between each two-hour interval results in a loss of eligibility for profit sharing.
Additionally, holding more than 100 FIREBOT tokens provides a range of other benefits such as a 20% reduction in swap fees via FireBot, entitlement to revenue share, and access to a private alpha community.