FAQ — Frequently Asked Questions of Campfire Protocol
In this article we will talk about frequently asked questions within our communities, mainly on Telegram. This FAQ is to help new members of the Community, and old ones who may also have questions.
- What exactly is Campfire Protocol, in simple English.
Campfire protocol is a decentralized marketplace for suppliers and borrowers, built on the Binance Smart Chain(BSC) network. It is a system where users can supply BSC tokens such as BNB, BUSD and others, and earn more tokens and CAMP tokens, as well as borrow tokens.
2. What makes it unique?
Unlike other platforms such as Venus and Cream Finance, the APRs earned on each token that is supplied or borrowed on Campfire will have higher yields. That’s right, users will be rewarded more when supplying liquidity, in addition to other perks.
Campfire is an innovative project and we intend to constantly put out new features to help our users earn better yields.
3. What is CAMP token
The CAMP token is the governance token of Campfire Protocol, built on the Binance Smart Chain network. The CAMP token is a BEP-20 standard token with a max supply of 10,000,000.
4. Our Roadmap you ask?
Our roadmap can be found on our website, campf.io.
Our Whitepaper can also be found on our website.
5. Who is behind Campfire Protocol? Has the Team Been Doxxed?
As of now we want to remain anonymous, for security and privacy sake. Our identity will be revealed after we have achieved all the goals on our roadmap.
However, if our community insists, there will be a govern-community vote.
6. Has Campfire been audited by a reputable company like Certik or Solidity?
Not yet. As of now our project is in its very early stages and we are focused on delivering the milestones in our roadmap.
We will commence an audit once we achieve these goals and have grown our community.
7. What is the Campfire contract address to add to Metamask and Trust Wallet?
Contract Address: 0xa1E437FF8eFEEf5A001C7dc1799Afd3A27c0c5Ae
Dev team wallet : 0xEea8cE83fA46e64DDE4c4C7a25933AFeC681D333
Ecosystem wallet: 0x58A35a328b4970017aEc7Aa95469a3fa280e1c4C
Mining Account: 0x7c776dd128b5798cC4F655cA30718f25660Fb66D
8. Will there be a Pre-sale?
Pre-sale will commence in May, 2021
9. What are the Incentives to Hold CAMP?
In addition to being investors in an exciting and rapidly-growing project, after we bootstrap liquidity on PancakeSwap, all Campfire holders will receive 1% of all transactions made in their wallets.
10. Tokenomics — How Will Distribution Be Done?
Total supply : 10,000,000 $CAMP tokens
Mining (68%) : 6,800,000 tokens locked until mainnet.
Campspace (20%): 2,000,000 tokens
Private Sale/IDO (10%): 1,000,000 tokens
Team (2%): 200,000 tokens locked for 2 years
If you have any questions that were not asked in this article, you can leave them below in the comments or ask on our Telegram.
11. How Safe Are Funds?
100% safe. Liquidity will be locked and we will undergo an audit by a reputable auditing firm to ensure investor confidence.
If you have any questions that were not answered in this article, you can leave them below in the comments or ask on our Telegram.
Telegram Group: https://t.me/campprotocol
Telegram Channel: https://t.me/campfireprotocol
Official Twitter: https://twitter.com/CampfireOrg