Tokenomics

The FireANTS ecosystem consists of: 

  • FireANTS coin [ANTS], 
  • wrappedFireANTS BEP-20 token [wANTS] 
  • redFireANTS BEP-20 token [rANTS]


FireANTS Crypto Inc. has developed their own blockchain system using the ANTS coin as native currency. To enable interaction between ANTS coin and rANTS BEP-20 token on the Binance Smart Chain, the ANTS coin can be wrapped 1 : 1 to the Binance Smart Chain. ~ 210,000,000 ANTS coin will ever be created and this cannot be altered due to the code programmed into the blockchain. 25% of the total ANTS supply has been premined. These premined coins are used by the FireANTS Crypto Inc. for donation aggregation and blockchain development. 16.5% of the total supply of ANTS coin can be mined using the Scrypt (Litecoin) algorithm, and the other 58.5% ANTS coin will be minted by staking in wallets and masternodes. The block time for the generation of each block is approx. 3 min.

How to wrap FireAnts coin to BinanceSmartChain?

Go to:
wrapping.services 

Ensure the setting is: Swap ANTS to wANTS 

Enter the amount of FireAnts coin you want to wrap 

Enter your BSC address and enter your e-mail address (optional) 

Click on "swap" 

Send the amount of ANTS coin to the address shown
(FireAnts coin address start with A or B)
The wrapping service can take up to 30 min
The amount of FireAnts coin wrapped will be minted as BEP-20 token and send to your BSC address.

 

How to unwrap Wrapped FireAnts [wANTS] back to FireANTS chain?

Go to: wrapping.services 

Ensure the setting is: Swap wANTS to ANTS 

Enter the amount of wrapped FireAnts token you want to unwrap 

Enter your ANTS address 

Enter your e-mail address (optional)

Click on "swap" 

Send the amount of wANTS token to the address shown 

(This will be a BSC address) 

The sent amount of wrapped FireAnts token will be burnt in the smart contract,

 and send as ANTS coin to your FireANTS address. 

Check out: explorer.fireants

 

The wrapping service for the ANTS coin is provided by the Team of Monetaryunit. 

Wrapped FireANTS token can be used for staking in a DeFi pools, 

or for yield farming by staking the LP-tokens in a yield farm, 

received by provision of liquidity on the
BinanceSmartChain.

What to do if the wANTS are not visible in my wallet?
Add the smart contract to your wallet (Symbol [wANTS]; Decimals: 18)

 

Token Name - redFireANTS

Token Symbol - rANTS

Total Supply - 21,000,000,000,000

Date of creation - Oct-04-2021 09:30:24 PM +UTC

Add the smart contract to your wallet (Symbol [rANTS]; Decimals: 18)

The ratio between rANTS BEP-20 token to ANTS coin is 100,000 : 1, meaning that one ANTS coin reflects 100,000 rANTS BEP-20 tokens.
Users are able to swap between ANTS coin and rANTS BEP-20 tokens. In addition, redFireANTS allow access to DeFi applications, such as yield farming, liquidity mining and many other applications provided by the Binance Smart Chain.

FireANTS Distribution

30% of the rANTS token supply is reserved for donations to the directors board of advisors to support their projects as well as donations in case of devastating events like natural disasters or similar. 

20% of the rANTS token supply is reserved for investors. 

10% of the rANTS token supply is used to secure the FireANTS network. 

10% of the rANTS token supply is used for marketing, the redFireAnts token will be distributed by tip-bots for airdrops, faucets and will be given away on charity events. 

10% of the rANTS token supply is reserved for FireAnts blockchain development. 

5% of the rANTS token supply will be used for website development and 5% for servers and hardware for the support of the FireAnts team.

Switzerland Address

FireANTS Labs, Inc.
Bahnhofplatz 2
CH-4133 Pratteln

USA Address

FireANTS Labs, Inc.
5409 Verbena Creek Ct.
Las Vegas, NV 89131 

© 2023 FireANTS Crypto Inc,