FireStarter PriceFLAMEInactive

What is FireStarter (FLAME)?

FireStarter (FLAME) is a launchpad platform that describes itself as the first Initial Metaverse Offering (IMO) launchpad on the Polygon network. The project focuses on incubating and launching early-stage cryptocurrency ventures, with a particular emphasis on GameFi, AI, Real World Assets (RWA), and Metaverse-related projects. The platform was designed to support the development and launch of GameFi, Social Token, NFT, and DeFi projects by leveraging metaverse infrastructure. FireStarter operated as a utility and governance token platform on Polygon, an ERC20-compatible Layer 2 scaling solution for Ethereum. The FLAME token has a maximum supply of 100,000,000 and a total supply of approximately 99,773,870 tokens, with a circulating supply of 68,540,262 FLAME (CoinMarketCap). FLAME peaked in late 2021 and has since fallen sharply from that level. FireStarter announced that it will no longer support or develop the FLAME token as a launchpad access token, and the project is pivoting into a new direction. Trading activity in FLAME has become extremely limited, and the token is listed as inactive on some trackers.

Key Specifications & Tokenomics

• Name: FireStarter
• Symbol / Ticker: FLAME
• Blockchain / Network: Polygon (POL). The project self-reports tags including Ethereum Ecosystem, Solana Ecosystem and Launchpad; the token contract itself is on Polygon.
• Token Standard: ERC20
• Smart Contract: 0x22e3f02f86bc8ea0d73718a2ae8851854e62adc5
• Decimals: 18
• Launch Date: 13 October 2021 (CoinMarketCap listing date). The smart contract launch date is 25 September 2021 (per CoinDesk).
• Explorer: https://polygonscan.com/token/0x22e3f02f86bc8ea0d73718a2ae8851854e62adc5
• Official channels: https://firestarter.fi/, Telegram t.me/OfficialFireStarter, Discord discord.gg/hWZagGPbKj, X twitter.com/firestarter_fi
• Category: Non-fungible Tokens, Launchpad
• Max Supply: 100,000,000 FLAME
• Total Supply: 99,773,870 FLAME
• Circulating Supply: 68,540,262 FLAME (CoinMarketCap)
• Self-Reported Circulating Supply: 63,870,897.00 FLAME
• CertiK Rating: 3.6 on an unspecified scale; no audit firm, audit date or public audit report is identified in the available sources
• Asset Type: Token
• Sector: Crypto

Who created FireStarter?

The FireStarter project was driven by a team that includes Parul Gujral, Danny Tawiah, Brian Ball, Zack Rice, Ed Delahunty, and Grady Brannan. The project is described as being led by celebrity and engineering-centric teams. The project described its team as having media and entertainment experience, citing associations with brands such as Forbes, Nike, Supreme and Rolling Stones Magazine; these claims are the project's own and have not been independently verified. These associations were positioned as evidence of the team's ability to bridge the gap between mainstream industries and the cryptocurrency space. According to the CryptoRank IDO Token Sale Review, the public sale raised $100.00 (30% of supply) at a reported valuation of $50,000.

How does FireStarter work?

FireStarter operated as a launchpad on the Polygon network, which is a Layer 2 scaling solution for Ethereum. Polygon enhances the performance of the Ethereum blockchain by providing faster and cheaper transactions through a framework that supports building and connecting Ethereum-compatible blockchain networks. By leveraging Polygon's capabilities, FireStarter aimed to ensure that projects launched on its platform would benefit from high-speed transactions and reduced costs. The platform specialized in incubating and launching early-stage crypto projects, particularly in GameFi, AI, Real World Assets (RWA), and the Metaverse sectors. FireStarter only incubated projects it considered top-tier, typically comprised of celebrity and engineering-centric teams. The platform's stated goal was to create a conducive environment for early project supporters to feel comfortable participating. Polygon employs a Proof-of-Stake (PoS) consensus mechanism, where validators are chosen based on the number of tokens they hold, as part of its security framework.

What makes FireStarter unique and valuable?

FireStarter's primary differentiator was its positioning as the first Initial Metaverse Offering (IMO) launchpad on the Polygon network. This approach combined the concept of a traditional crypto launchpad with metaverse-based project incubation. The platform's focus on GameFi, Social Tokens, NFTs, and DeFi projects, along with its emphasis on celebrity and engineering-centric teams, distinguished it from more general-purpose launchpads. The team's claimed real-world media experience with brands like Forbes, Nike, Supreme, and Rolling Stones Magazine was presented as a unique asset that could help bridge mainstream and crypto audiences. Operating on Polygon provided scalability and low transaction fees, making the platform more accessible and efficient for users. The launchpad model has faced a difficult market environment, and the project has since announced it will no longer develop FLAME as a launchpad access token.

What is FireStarter used for?

FLAME served as the utility and governance token for the FireStarter platform and its DAO. Token holders were intended to participate in governance decisions and gain access to launchpad opportunities. The token was designed to function as an access token for the launchpad, allowing holders to participate in Initial Metaverse Offerings and other project launches on the platform. FLAME has a maximum supply of 100,000,000 tokens, and its documented utility was to be locked in exchange for access to IDOs on the FireStarter platform. However, FireStarter has announced that it will no longer support or develop the FLAME token as a launchpad access token, effectively ending the token's primary utility. The project is pivoting into a new direction, and trading activity in FLAME has become extremely limited.

How Is the FireStarter ecosystem developing?

The FireStarter ecosystem has faced significant challenges. The launchpad model has faced a difficult market environment, and the project has since announced it will no longer develop FLAME as a launchpad access token. FireStarter announced that it will no longer support or develop the FLAME token as a launchpad access token and is pivoting into a new direction. FLAME is listed as inactive on some trackers, and trading activity has become extremely limited. FLAME has fallen substantially from its 2021 peak. The FireStarter community remains accessible through its official website and X (Twitter) account, where the project's pivot announcement was made.

How to mine FireStarter?

FLAME is an ERC20 token on Polygon and is not produced by mining. Its documented utility is to be locked in exchange for access to IDOs on the FireStarter platform, and holders were intended to vote on governance proposals via the Firestarter DAO. For users interested in supporting the Polygon network's security, staking POL tokens is the relevant mechanism, but this is separate from FLAME token acquisition.

How to keep your FireStarter Coin safe?

Since FLAME is an ERC20 token on the Polygon network, standard cryptocurrency security practices apply. Users should store FLAME tokens in a wallet that supports ERC20 tokens and the Polygon network, such as a hardware wallet or a reputable software wallet. Hardware wallets provide the highest level of security by keeping private keys offline and protected from online threats. Users should always verify contract addresses before interacting with any token, and the official FLAME contract address is 0x22e3f02f86bc8ea0d73718a2ae8851854e62adc5. It is important to never share private keys or seed phrases with anyone. Given that FLAME tokens have stopped trading and the project is pivoting away from supporting the token, holders should exercise heightened caution and be aware of potential scams or fraudulent schemes that may attempt to exploit the situation. Users should only interact with official FireStarter channels for any updates regarding the project's future direction.

Risks and uncertainties

FLAME is subject to significant price volatility, and its market history shows sharp declines from earlier levels. Regulatory treatment of tokens and launchpad platforms varies by jurisdiction and may change, which could affect how FLAME can be held, transferred or used. Technical risks include smart contract vulnerabilities, dependence on the Polygon network and the possibility that the project's pivot leaves holders with limited liquidity or support. These points are presented as risk factors rather than predictions, and readers should form their own view of the project's prospects.