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/biz/ - Business & Finance

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File: 98 KB, 512x511, fireprotocoltall.png [View same] [iqdb] [saucenao] [google]
30371648 No.30371648 [Reply] [Original]

>What is FIRE?
FIRE protocol is a one-stop DeFI hub for all things DeFi on the (+500TPs) chain HECO. It thrives off of it's unique position in the ecosystem by providing a bridge from and to HECO.
Fire Protocol will launch a DEX, cross-chain lending and borrowing, a derivatives trading platform and an orderbook for the DEX.
They have partnered with orion protocol to ensure minimum slippage and no liquidity holes.

>What is HECO (or Huobi) ?
Huobi is currently rank 2 of CEXs volumewise and top 5 in any metric of a CEX so basically a toptier CEX along the lines of Binance, Bitfinex etc.
They cater mainly to an asian crowd and are based in HK, they have launched an EVM compatible blockchain named HECO (Huobi eco) which is based on the consesus algorithm HPOS( hybrid proof of stake, so stake and work)

So far only one big name has joined HECO chain (INJ) but it just launched and many more are to come.
Mdex is rank 1 DEX volumewise.
HECO is faster than B S C, more decentralized by design (no PoA) and is cheaper to use, the transfers are very very cheap.

>Why buy Fire?
Insanely early (5mm MC) on a project that sticks to it's roadmap so far and has a wellpacked Q2 and Q3.
Most likely listed on Huobi this month! Liquidity Pool incentives for Uniswap this month, BS C bridge integration soon.
Overall: HECO seems to be a rather ETH compliant and more decentralized version of BS C with better fees and faster. I believe many projects will follow INJ and expand to HECO and this makes FIRE a very important platform since it's the decentralized bridge from and to it. On top of that it can be used as an itnermediary since it aims to connect many blockchains together (DOT, B S C, X R P, ETH and more)

>> No.30372174

>>30371648
Very comfy hold

>> No.30372220
File: 411 KB, 735x514, FIRE comfy.jpg [View same] [iqdb] [saucenao] [google]
30372220

>>30372174
Is my thread frequency too high?

>> No.30372720

>>30372220
Maybe drop to one a day.

>> No.30372836

>>30372720
gotcha

>> No.30372892

>>30372220
just keep filling your bags and wait for some news. At some point it looks like trying to offload bags.

I'm stacking and don't see how this won't blow up relative to here. Huobi entering the defi system is something major youtubers have to talk about. 100M cap is nothing once things start to get released.

>> No.30373340

>>30372892
I'm done acoomulating personally, but I see your point.

>> No.30373460

This is the Pancakeswap of Huobi ecosystem. You've been warned

>> No.30373591

>>30372836
Thanks for the shill tho. This is gonna be a good one. Grabbed myself a nice bag.

>> No.30374163

Are you guys getting this on bilaxy? How safe is keeping the coins on the exchange?

>> No.30374325
File: 73 KB, 908x409, Bild_2021-03-07_022219.png [View same] [iqdb] [saucenao] [google]
30374325

>>30373591
Check pic related
Many are still doubting it, perfect for a post listing pump. I wouldn't sell this upon newsdrop, atleast not in regards to sentiments of it only being rumored.


>>30374163
I think Bilaxy has high withdrawal fee (50$+) and is risky overall with high slippage. I would use Uni instead

>> No.30374402

>>30374325

i like the project and think it has potential but i feel like that answer is basically a complicated way of saying "yeah maybe"

>> No.30374614

>>30374325
According to cmc Uniswap is double the price though

>> No.30375271
File: 25 KB, 1274x226, Bild_2021-03-07_024436.png [View same] [iqdb] [saucenao] [google]
30375271

>>30374614
use coingecko not that binance owned shit and pic rel
>>30374402
>we have a strong relationship to huobi hence also listing there is not my worry
that's a yes in corporate speak.

>> No.30376097

I could see this go to 10$ EOM