FireDAO is a community-driven social DAO

FireDAO is a community-driven social DAO. Here are some frequently asked questions and answers about the FireDAO project to help you quickly understand FireDAO. Please note that answers may change as the project develops, so always stay updated with our latest announcements and updates as we create a great project together! FireDAO is a social DAO based on the PID and FID soul-bonding account, initiated and established by the RainbowCity Foundation. It is a native Web3 DID identity protocol based on blockchain technology. FireDAO operates on the Arbitrum One network and aims to create a community-driven autonomous economy.

The goal of FireDAO is to achieve decentralized decision-making, shared economy, and social interaction revolution through the power and wisdom of the community, ultimately leading to the creation of the “Bitcoin Civilization.” We believe that the creation of Bitcoin will propel human society into an advanced civilization based on mathematics and algorithms, which we refer to as the “Bitcoin Civilization.” By creating and sustaining “FireDAO,” we aim to provide a continuous fuel source for the “Bitcoin Civilization,” passing on wisdom and fueling civilization.

To participate in FireDAO, you need to mint an NFT called FirePassport to obtain a unique PID. Once you have a PID, you become a prospective Rainbow Warrior and gain an account on the FireDAO forum, enabling you to actively participate in the ecosystem development of FireDAO. A FireDAO forum account can only be obtained through minting a PID as it is part of FireDAO’s community identity system. Once you have a forum account, you can participate in our Zealy early contributors program, forum bounty program, and community volunteer program.

The first batch of contracts for FireDAO, including FirePassport, FDT-OG, and FLM, have been launched on the Arbitrum One mainnet. We are actively preparing and testing the testnet and mainnet launches of related contracts such as FireSeed, FireSoul, On-chain Reputation, City Nodes, Global Guilds, and FDT. Our code follows the principles of open-source, and any community member can track our development progress on our GitHub.

FireDAO adopts a complex tokenomics model known as “3+2+7+X.” This model includes ecosystem tokens, ecosystem Web3 IDs, soul-bonding tokens, and community behavior badges. There are initially more than 10 different types of tokens to sustain and maintain the operation of the entire on-chain economy.

3 Ecosystem Tokens: FDT for ecosystem governance, FLM for ecosystem incentives, and FireSeed for ecosystem identity.

2 Ecosystem Web3 IDs: PID generated by minting FirePassport and FID generated by minting FireSoul, representing the Web3 identities of community members.

7 Soul-Bonding Tokens (SBT): SBT-001 to SBT-007, recording the community behaviors and data statistics of each formal DAO member.

X Community Behavior Badges: NFT-based badges issued by FireDAO for different ecosystem community behaviors, serving as another form of SBT.

For more detailed information, please refer to our documentation system.

FireSeed is the identity token in the FireDAO ecosystem, used for FID generation and referral rewards positioning. Joining FireDAO requires burning one FireSeed to generate a soul-bound account called FireSoul, becoming a formal member of FireDAO. FireSeed is also used to determine referral relationships. When a wallet transfers one FireSeed to another wallet that has never owned FireSeed before, the transferring wallet becomes the referrer of the receiving wallet, thus establishing referral relationships within the FireDAO ecosystem. FireDAO calculates users’ comprehensive referral performance based on the Soul-Bonding Token FS-SBT-003 and provides special incentives to community members with outstanding referral achievements.

Community users can acquire FireSeed by minting it at the Holy Fire Pit, directly purchasing FireSeed on NFT exchanges like Opensea, participating in various community tasks to receive FireSeed for free, and transferring FireSeed among community members. Additionally, FireSeed can be obtained through airdrops when minting PID.