Making Money, or in other words, creating assets has become quite easy with the rising popularity of cryptocurrency but with a risky proportion. And now that you are in the right place now, you will get a step-by-step guide on how to start buying and trading cryptos.
So, Let’s deep dive in the world of cryptocurrency and get the answers to the most common questions – How To Invest In Bonfire Crypto
What is bonfire cryptocurrency?
As a decentralized monetary system, cryptocurrency is inherently about bringing the common people together. The mission of Bonfire is to give cryptocurrency users around the world their very own platform to facilitate this community.
Is bonfire (Bon) a good investment?
Being that Bonfire is such a new cryptocurrency, there may be room for the token to appreciate. However, based on the fundamentals Bonfire is a purely speculative investment. The company has yet to release a usable product, and there’s no guarantee that the team will deliver on their promises.
How much tax does bonfire take on transactions?
Every transaction on the Bonfire blockchain takes a 10% tax. 5% is redistributed to all the users and 5% is added to the liquidity pool. This format makes it very hard for bots and swing traders to manipulate the system.
What are the fees for the bonfire project?
The project is based on an RFI tokenomic model that takes a 5% fee on every transaction that is proportionally redistributed to all holders of the Bonfire token, and another 5% fee that goes into the liquidity pool to provide additional security for token holders.