Bonfire Crypto - Know and How to Buy Bonfire

Bonfire Crypto - Know and How to Buy Bonfire

Bonfire Crypto

Bonfire Crypto


Netgenz - Stock | The cryptocurrency market is currently at its peak. Almost everyone today is competing to invest the assets they have into investment instruments in the form of digital currency or crypto assets. Initially, many people were only interested in investing in digital currencies such as Bitcoin, Binance Coin, Ethereum, Cardano, and other crypto-assets that have clear essentials.

The emergence and fame of the real Dogecoin as a coin meme have changed the outlook and trend of today's crypto investing. Some people are starting to turn their eyes to meme-type crypto coins to make optimal profits just like what happened to the DOGE coin event. This was of course in response to the emergence of new meme coins at the cheapest prices.

One of the latest cryptocurrency memes that have recently become famous is Bonfire. Since its first appearance, the cryptocurrency Bonfire has attracted the attention of several people on the Internet. to answer your curiosity. Happy reading!.

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What is Bonfire Cryptocurrency?

Bonfire is a commune-based yield-generating contract. This platform is intended as a location that allows users to seek refuge to secure their assets amidst the uncertainty of the crypto market. The bonfire itself was first issued on April 18, 2021, through the OTC presale process on Binance Smart Chain (BSC).

How Does Bonfire Cryptocurrency Work?

Illustration Bonfire

Illustration Bonfire



The way Bonfire works can be said to be almost similar to the work of SafeMoon, which is the same as using the RFI token contract mode. The RFI token contract mechanism will charge 10% business transaction fees for each business transaction that has been carried out by several users. 5% of the fee charged just now will be reallocated to some BONFIRE coin Holders as rewards and another 5% will be locked and entered into the liquidity pool on PancakeSwap decentralized exchange to provide added security for some BONFIRE coin holders.

This action has the aim of rewarding more Holders or token holders and giving more fees to people who tend to choose to sell the BONFIRE coins they have for short profits. This process is known as a static reward mechanism, which was first introduced by SafeMoon. This of course has the aim of making the price of crypto coins more constant because some coin holders are increasingly inclined to reduce the coins they have until they are really profitable than selling their coins with a 10% fee burden that is borne by each business transaction.

The bonfire itself has a long-term goal of releasing a commune-based decentralized social media platform and providing space for marketing and sharing of NFT products, and other utilities and sub-projects yet to be published. Bonfire

Bonfire's most powerful asset is that it has amazing support from a community that has been cohesively created. Prizes to compete, donations to charities, and other activities are an integral part of the Bonfire ecosystem and commune.

With a dedicated, multi-talented, and highly technically skilled team combined with marketing manager skills and high social engagement, this project is driven by a few people with a true belief in decentralized finance and positive transition that can impact the world and the global commune.

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What Makes Bonfire Unique?

Bonfire differs from the rest of the De-Fi line when it comes to improving its ecosystem. Bonfire has the aim of holding cryptocurrency assets and is financially attractive to some traders for the short term only, but a great long-term asset for serious long-term investors. To realize this, Bonfire is trying to give more rewards to those who hold the BONFIRE Coin as a long-term investment.

The bonfire itself has a long-term direction by releasing a community-based decentralized social media platform and providing space for marketing and sharing of NFT products, increasing its status in the De-Fi space, and increasing its utility and other unpublished sub-projects. This is done to capture new, exciting and promising opportunities in crypto markets around the world.

Bonfire's most powerful asset is that it has amazing support from a community that has been cohesively created. Prizes to compete, donations to charities, and other activities are an integral part of the Bonfire ecosystem and commune.

With a dedicated, multi-talented, and highly technically skilled team combined with marketing manager skills and high social engagement, this project is driven by a few people with a true belief in decentralized finance and positive transition that can impact the world and the global commune.

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How to Buy BONFIRE Coin on PancakeSwap?

The steps you can take to buy bonfire coins on PancakeSwap are as follows:

  1. Take MetaMask or use‍ the existing wallet‍. Open metamask.io and take their wallet to your mobile or chrome/firefox browser.
  2. Open PancakeSwap Finance and‍ make sure it's set to the latest version "V2"‍. It must be understood that PancakeSwap is where you will swap or transition other coins with BONFIRE coins.
  3. Log in to the trading monitor‍ Click "Connect" at the top right of the monitor, then navigate to "Trade" in the left sidebar.
  4. Specify the $BONFIRE token‍ Click the "Select a Currency" button, and enter the BONFIRE coin contract: 0x5e90253fbae4dab78aa351f4e6fed08a64ab5590
  5. Equalize your slippage to 12%‍ by clicking "Setup" on the top right, and set your slippage to 12% (sometimes it can be more, depending on the number of wishes).
  6. Swap! Enter the amount you want to buy and change! Remember to have enough BNB coins for the transition fee!

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