Fire Token Price Prediction

The Fire Token (XFR) is a deflationary asset built on the Binance Smart Chain. 90% of the token’s supply disappears annually, making it a store of value that always increases due to its deflationary policy. The token’s founders include expert economists, and they designed it to help combat inflation in countries like Venezuela, Turkey, and Argentina.

The burning rate affects every address holding XFR equally and constantly, and 99.99% of XFR will be burned in the next 12 years, leaving only about 100 XFR remaining. Anyone looking to buy and hold XFR would be rational to do so if they expect the token’s price to increase at a higher rate than their nominal account balance decreases. The deflationary policy and the token being the first asset of its kind provides a significant publicity mechanism to attract new investors and expand the network.

FOR MORE INFO: www.dailytokenews.com

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