FireBot $FBX

FireBot is a renowned crypto project with an ERC20 utility/governance token known as $FBX on the Polygon platform. This token serves multiple key functions in the FireBot ecosystem. It can be used both to pay the software's fees and to vote on crucial decisions concerning the ecosystem. The areas within the purview of such decisions include the treasury's allocation and the distribution of Non-Fungible Tokens (NFTs).

$FBX Token Utility

One of the primary uses of the $FBX token is to cover the costs of utilizing FireBot's proprietary software. This functionality offers users a convenient payment option within the ecosystem, ensuring a smooth and seamless transaction process. Furthermore, the other critical use of this token is in the realm of community governance. $FBX holders enjoy the privilege of voting rights on essential matters that shape the Firebot ecosystem. These matters range from distribution of NFTs to allocation of resources within the treasury.

The Role of $FBX During the Launch Phase

During its launch phase, the $FBX token played a significant part. Alongside NFT sales, it helped to build the initial DAO's treasury. This treasury is currently managed by FireBot's unique software solution, a testament to the token's foundational impact on the ecosystem.

Distribution of $FBX and NFT Sales

$FBX tokens are distributed daily to NFT holders, promoting a continuous cycle of token circulation within the ecosystem. In a mutually beneficial arrangement, each time an NFT is sold, 90% of the revenues are channeled back into the treasury. This process ensures a consistent inflow of funds, ensuring the ecosystem's sustainability and expansion.