MATR1X FIRE Initiates “Infinite Game” Plan, Burning 500 Million $FIRE

MATR1X
3 min read6 days ago

We have drawn three core insights from the Bitcoin ecosystem:

  1. Ledger and immutability.
  2. Incentive, real-time incentives.
  3. Long-term incentive, spanning decades.

Our systemic approach to Web3 gaming revolves around the idea that through incentives, infinite games create infinite consensus. Incentives are everything.

Our Positioning of $FIRE:

  1. The new generation Web3 gaming utility token.
  2. Primarily allocated to the community for long-term, real-time incentives.
  3. Regulating the economic balance across multiple games.

Based on this thinking, MATR1X FIRE officially launches the $FIRE “Infinite Game” Plan, divided into three stages.

Stage 1: Firefly Stage

Duration: Within 7 months after $FIRE TGE

Goal: Establish a solid foundation for the future growth of $FIRE through effective distribution and burning mechanisms.

  1. The initial total supply of $FIRE is capped at 1 billion tokens. Refer to the FIRE section in the whitepaper for details.
  2. Activate the burning mechanism. All $FIRE consumed in the Apollo Program will be burned, thereby reducing the total supply cap of $FIRE. It is expected to burn a total of 23.85 million $FIRE.
  3. Burn 80% of team tokens. The founding team’s $FIRE holdings will be reduced from 25 million to 5 million tokens. The 20 million $FIRE removed will be burned, further lowering the total supply cap.

Stage 2: Flamingo Stage

Duration: 7–24 months after $FIRE TGE

Goal: Expand $FIRE’s use cases, accelerate burning, and reduce the total supply cap to 500 million.

  1. Dynamically adjust emission rates. $FIRE will be gradually issued through effective proof of work, with adjustments based on the scale of ecosystem users.
  2. Introduce new burning mechanisms. Economic activities within the game ecosystem will accelerate $FIRE burning, reducing the total supply cap until it reaches 500 million.
  3. Introduce new use cases. Incorporate $FIRE into more gaming products.

Stage 3: Phoenix Stage

Duration: After 24 months post-TGE (depending on ecosystem development)

Goal: Upgrade the game economic cycle, diversify the game ecosystem, and achieve full circulation of the $FIRE token.

  1. Economic cycle upgrade: Various application activities (gaming products, esports products, marketplaces, community products) that consume $FIRE will contribute to specific pools, providing long-term incentives through effective proof of work.
  2. Financial tools derivation: The emergence of more financial mechanisms will enable $FIRE to circulate more efficiently within the gaming ecosystem.

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MATR1X

Matr1x is an innovative cultural and entertainment platform combining Web3, AI, Esports and blockchain Infrastructure.