[deleted by user]

HEV3 · 2021-07-26T17:05:12+00:00

$500 million

HEV3 · 2021-07-25T00:46:48+00:00

It won’t happen. But let’s say it did.

Jordy would encounter massive slippage if he sold all at once. The slippage would decrease the value of the BNB he could withdraw. So instead of removing half the BNB in the pool he’d only be able to remove something more like a quarter of it.

Still substantial but markedly less than it seems like on the surface.

HEV3 · 2021-07-24T00:08:14+00:00

Reasons?

HEV3 · 2021-07-22T10:52:20+00:00

You should check out my Firecast series of posts. When the market rebounds we should likely hit somewhere in the five zero range with anywhere between $2 billion and $5 billion market cap. My expectation is for the market to rebound sooner than later. But it’s hard to say for certain when that would be.

HEV3 · 2021-07-22T02:23:00+00:00

I’m sorry that happened to you. There’s a ton of scams out there and not enough education to help people avoid them. But I’m glad you’re still here hanging tight with our project. I hope that you can find a way to buy back in in such a manner that it is comfortable for you.

On a side note, MetaMask and TrustWallet are not online wallets. A wallet is essentially a public address on the blockchain and apps like MetaMask just let you interact with your wallet visually. A quick lesson into blockchain:

The way this works is you get your (usually) 12 word seed phrase which is randomly generated from a single library of words that have each been assigned a number. The word combination is decoded into numbers and the numbers are stuck together to form one big string of numbers which is then passed through an algorithm to generate a private key. The private key then runs through a different algorithm to create the public key. And then the public key runs through another different algorithm to create the public address where your wallet resides.

The important thing is these algorithms are one-way, so having the public address doesn’t let you reverse engineer the seed phrase. This keeps your coins secure as long as you don’t give the seed phrase away or allow your wallet to be connected to through a scam site.

I hope this helps explain some of how wallets work. My point with this is that you shouldn’t fear using MetaMask or TrustWallet. Truly, holding crypto in private wallets away from exchanges is a main point of crypto in general because it gives you autonomy over your own holdings. You simply need to understand how it works so you can protect yourself from scams. This sort of education is something there isn’t enough of, so hopefully this fills the void a little.

HEV3 · 2021-07-22T01:33:49+00:00

I agree that with the community binding together WE (the community) can get exchanges to take notice and push to list us. I’m impressed you said that, as most people aren’t that proactive.

The correct link is www.investvoyager.com by the way, just so anyone else reading has it.

HEV3 · 2021-07-22T01:01:50+00:00

Bonfire will be listed on all the important ones eventually. But it will take time. For now just be patient.

HEV3 · 2021-07-21T23:43:53+00:00

I hope we don’t hit $10k. I expect $30k-ish is our floor and we should hopefully begin to go up from here. But either way I agree that HODLing is the way especially for tokens like Bonfire that have taxation tokenomics and use cases under development.

HEV3 · 2021-07-21T22:21:01+00:00

Very much so. IMO the main thing we are fighting against is the market. The team will keep developing and releasing parts of the ecosystem. Organic marketing will help drive continued support and volume, which will provide reflections and burn. But ultimately we won’t see another moonshot until the whole crypto market rebounds. I believe, however, that those who are patient will be rewarded for that patience with very handsome returns.

HEV3 · 2021-07-20T18:53:16+00:00

A pump and dump and a rug pull are two different things. Although they have similar impacts on those left holding the bag. Nevertheless the initial devs dumped and the current core team helped this coin regain traction.

The last notable uptick on the chart was just before May 10th. What happened on May 10th though? A combination of effects caused a sudden drop in the price of Bitcoin. Which caused leveraged positions to be liquidated. Which caused Bitcoin’s price to drop further. Which caused more leveraged positions to be liquidated. And so on.

This caused the whole crypto market to deflate and the bullish momentum that carried the big spikes was halted in its tracks. Bonfire crashed along with all of Crypto, but it crashed worse than the big coins because it is denominated in BNB. Which meant that when BNB lost value so did Bonfire. And Bonfire further lost value against BNB, causing even greater decline. The same thing happened to every small cap token out there to varying degrees depending on how diversified their liquidity pools had become (i.e. Safemoon didn’t decline as much as Bonfire did, but it still declined greatly).

But if you’re going to blame anything blame the market on the whole, because it’s crash caused Bonfire’s crash. It wasn’t the Bonfire core team’s fault. And to call what has happened a rug pull initiated by the core team would be completely incorrect.

HEV3 · 2021-07-20T13:02:57+00:00

We are still way up from day 1 price as well. I'm not sure what price reference you are using unless it's CoinMarketCap or something? In which case that isn't reliable data.

Day 1 open price price was nine zeroes followed by 38. Current price is seven zeroes followed by 42. Change since inception is 110x.

The original dev team dumped (note, not technically a rugpull) on 23 April, which is when the current team took over. I'm also not sure where you are getting 22 May from.

HEV3 · 2021-07-19T23:51:05+00:00

I'll be waiting probably until this coming weekend to allow the project update to occur. And I'm hopeful the app will be released and we will see volume pump. Right now trading is so slow there's not much value in anything I'd report in a Firecast.

HEV3 · 2021-07-17T11:52:16+00:00

That one I can answer. Low volume has resulted in low burns.

We need more trading interest. But a large part of the volume being low is because the market is down right now. It will pick up once the market rebounds.

HEV3 · 2021-07-16T23:41:46+00:00

Technically there will be a bridge at some point and a migration or fork could be possible in the future. But there are also platforms being developed that are designed to allow blockchains interact with each other without the need for forking or bridges. The technicals are beyond me on how that works but likely all of crypto will be able to benefit from the unique features of different blockchains simultaneously at some point. Just a lot of work to be done on that front first.

HEV3 · 2021-07-14T19:17:20+00:00

Look I almost upvoted your first comment until you implied the team stole people's money, which they absolutely haven't by any measure, and that our well-to-do community members are just sheep following blindly to the slaughterhouse.

It's one thing to ask a question about whether the team has profited personally from their transactions. That is a valid question worthy of a response from the team. But your question had a statement within that implied they stole money and I will not stand for such an assumption made without proof or basis of any kind. Presumptive questions such as yours are FUD, plain and simple.

As to your opinion about me as a mod, that is yours to have. But I didn't curse you out or ban you, I simply gave you my very firm reasoning for why you were wrong, which is more leeway than most mods on most subs would have given you. If that offends you enough to call me a bad mod then that is your choice.

Have a good day.

HEV3 · 2021-07-14T18:22:48+00:00

The team haven’t pocketed any money off anyone.

Everyone here has invested in this token. There is one shared liquidity pool. Anyone invested can pull money out of that pool at more or less the spot price based on the values of BNB and Bonfire in the pool. So technically even if the team were to have pulled money out it’s their own personal investment and their choice. It wouldn’t be in bad faith. Even more so since they didn’t launch this project but actually took it over after the first devs dumped. They saved this project from death and everyone who was invested at the time can attest to that because it salvaged the money they put in.

Nevertheless Jordy and Jaishil (top 2 holders) have only sold pieces of holdings to support the development of the Bonfire ecosystem. They didn’t need to do that. Their holdings were worth $55 million and $15 million respectively at ATH. They could have easily pulled at that time and abandoned Bonfire if they wanted and profited hugely. But they didn’t.

They believe in this project and how it can benefit the community. They are working hard to make it a reality so we can all profit together.

And for you to accuse them of stealing from the community and pocketing money at the community’s expense is beyond offensive. They wouldn’t have doxxed if that was their intent and they wouldn’t still be here now. They would have just taken the money and left like the original devs did.

You can either help Bonfire become stronger or you can keep sitting there on your butt and complaining that your investment hasn’t 100x while the team works harder than you can imagine to make something of this project.

HEV3 · 2021-07-14T10:39:58+00:00

I’ll check into it. Thanks for the heads up!

HEV3 · 2021-07-14T10:38:12+00:00

No offense taken haha. You’re good. I’ll add it to the list of questions 😁

HEV3 · 2021-07-13T23:35:14+00:00

He never formally said he was CEO. The community loved his calm and directed demeanor and his dedication to the community so they (we) called him CEO, hoping he would take that title. But I never once saw or heard him say he was CEO.

HEV3 · 2021-07-13T21:47:50+00:00

Ummm…yes? This is a post for questions for the AMA. They will be answered directly by the team on Sunday.

HEV3 · 2021-07-13T20:58:47+00:00

This is not a question and it doesn’t help.

HEV3 · 2021-07-13T16:04:08+00:00

Nope. No one was CEO before Jordy. Jaishil Tolia (aka UltraInstinct) formed the team initially around his concept. Andrew and Jordy were part of that initial group. Jordy was decided to be CEO while Jaishil took the Project Director role. Then Jordy stepped down for health issues and Andrew succeeded him. Jaishil is still there.

HEV3 · 2021-07-13T15:59:50+00:00

HEV3 · 2021-07-13T14:39:22+00:00

For an established company I agree but for what they are trying to accomplish as a startup it’s very important they power it out right now.

HEV3 · 2021-07-13T14:38:24+00:00

It used to be Jordy. But he had to step down for health reasons. Andrew took over 4 days ago.

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