Upcoming TGE, Fireverse announces the launch of the $FIR token and reveals the economic model, ushering in a new chapter for music economics on the blockchain

Decentralized AI music platform Fireverse announced that its token $FIR is about to launch, and simultaneously released a detailed token economic model aimed at building a long-term sustainable, creator-centric MusicFi economic system.

It is reported that Fireverse is a Web3 music platform that integrates AI creation tools with blockchain infrastructure, supporting users to generate music, mint NFTs, and realize monetization through social and incentive mechanisms. With the launch of $FIR, Fireverse's ecological closed loop has made significant progress.

De-speculation Design, Building Long-term Value Support

The total supply of the $FIR token announced by Fireverse is 1 billion, deployed on the BNB Chain, and adopts the BEP-20 standard. The team emphasizes that there will be no public sale during this TGE, nor any Launchpad plans, aiming to avoid early speculation and short-term selling pressure.

In terms of token distribution, Fireverse has reserved up to 40% for ecological rewards (30% for Staking, 10% for ecological incentives), and has set strict Cliff and linear release mechanisms: the team will lock up for 12 months, with a linear release period lasting up to 48 months, and private investors will also face a one-year lock-up period. This structure reflects Fireverse's commitment to the long-term construction and value capture of the project.

Core Scenario: Easy Participation, Unlocking Creative Value

$FIR will serve as the core token of the Fireverse ecosystem, supporting on-chain settlement and application incentives, while also carrying the platform's future governance and resource allocation rights. The first batch of implemented functions includes:

1. $FIR Staking Mining: Users can stake $FIR to earn rewards, achieving participation without barriers.
2. VBOX Mining: Producing $FIR by deploying physical DePIN node devices.

The Fireverse team stated that the specific rules for staking and VBOX mining will be announced separately by the official team after the TGE. In addition, more use cases for $FIR are gradually being realized, covering reward mechanisms, creator revenue sharing, NFT commercialization, and platform governance modules, gradually expanding its application boundaries in the on-chain music economy.

Fireverse: Reshaping On-chain Practices in the Music Industry

Unlike traditional platforms that centralize the extraction of creator revenues, Fireverse reconstructs the processes of music creation, dissemination, and monetization through blockchain and AI. In this smart contract-driven world, every melody and every interaction has measurable and verifiable value.

"We are not just launching a token, but driving an on-chain revolution about music ownership and creation rights," the Fireverse team stated in the official announcement. "$FIR is the underlying fuel of the music economy, allowing every note to have its own value."

Previously, Fireverse completed a round of financing of $2.5 million with participation from well-known institutions such as OKX Ventures, BingX, and Gate, with a valuation of $30 million. With the upcoming launch of $FIR, its decentralized music network of "creation equals participation, participation equals revenue" is gradually taking shape.