Binance Smart Chain:
Bonfire is a frictionless, yield-generating contract that allows the user to seek shelter amidst the uncertainty of the market. The protocol was launched on April 18th, 2021 through an OTC presale mechanism on Binance Smart Chain (referred to as BSC). The token contract employs a static reward system—10% of every transaction is split into two parts—one part is distributed to holders, while the other 5% is used to fuel the liquidity pool on the PancakeSwap decentralized exchange. The tokens are permanently locked in the LP, effectively reducing the available supply. The token was launched with the idea of creating a community token with a self generating income mechanism for its owner.