The FLAME token plays a pivotal role within the FLAME ecosystem, particularly in the context of project Initial Market Offerings (IMOs) and platform accessibility. FLAME Power is a comprehensive metric, considering the functionalities of the $FLAME token and the broader FireStarter ecosystem. Several actions contribute to one's FLAME Power:
1. Locking Tokens: Whenever an individual locks 1 $FLAME token, they accumulate 1 FLAME Power. This mechanism incentivizes token holders to secure their tokens for the benefit of the ecosystem.
2. Staking Tokens: Staking 0.001 FLAME-QS LP Token results in acquiring 1,000 FLAME Power. Staking contributes significantly to enhancing one's FLAME Power.
3. FS Metaverse Champion NFT: Possessing 1 Hiro NFT equals a substantial 4,500 FLAME Power. Hiro NFT holders play a crucial role in bolstering the FLAME ecosystem.
Accumulating FLAME Power is instrumental in determining a wallet's FireStarter Tier, which, in turn, influences the allocation for each project. FireStarter offers five distinct tiers based on the quantity of FLAME Power accumulated:
> Light: Requires 100+ FLAME Power.
> Spark: Requires 500+ FLAME Power.
> Smoke: Requires 5,000+ FLAME Power.
> Fire: Requires 10,000+ FLAME Power.
> Flame: Requires 25,000+ FLAME Power.
Each tier bestows varying degrees of access to IMOs on the FireStarter platform. The level of access is contingent upon both the FireStarter Tier and the individual's ranking on the FLAME Leaderboard. However, it's crucial to note that, regardless of tier or leaderboard position, users must apply to the IMO Whitelist to become eligible for participation in IMOs.
Access types for IMOs on FireStarter encompass:
1. Surprise Lottery: Whitelist applicants qualifying for the Light Tier gain entry to the Surprise Lottery Round, where ten fortunate winners receive an airdrop of the IMO token on the launch date.
2. FCFS Whitelist Lottery: Users possessing at least 500 FLAME Power (Spark Tier) can partake in the lottery for a spot in the FCFS (First-Come, First-Served) Whitelist. Users earn one lottery ticket for every 500 FLAME Power, heightening their odds of securing a participation slot.
3. Guaranteed Allocation: The top 25 wallets ranked by Total FLAME Power are assured access and allocation to FireStarter's IMO projects. Additionally, Hiro NFT holders can secure guaranteed allocation by retaining Hiro during the whitelisting process and until the successful conclusion of the IMO.
Furthermore, trading FireStarter crypto on the KuCoin Spot Market presents an opportunity to capitalize on shifting market dynamics and volatility. Whether you choose to buy, sell FLAME, or hold the token for long-term prospects, it's imperative to conduct thorough due diligence before engaging in any crypto investment.