DAO's missions

Core Objective

The primary mission of the DAO is to expand its treasury by investing in FireBot's software solution.

Ensuring Liquidity

The DAO is committed to maintaining ample liquidity for all tokens within the ecosystem. As a result, the treasury directly contributes funds to various liquidity pools or participates in numerous LP incentive programs.

Marketing and Promotion

The DAO is proactive in supporting marketing efforts, listing fees on multiple platforms and protocols, grants, and incentives. Above all, the DAO strives to protect and promote the interests of FBX holders and will use funds accordingly.

Generating Revenue

The treasury will flourish through the algorithm's performance and fees collected from available Vaults. To secure consistent earnings in FBX and achieve its objectives, the DAO also continually seeks to own 20% of all staked Elemental Particles.

Fair Valuation of FBX

A key aspect of the project is to provide FBX holders with a strong link between the DAO's treasury status, the algorithm's performance, and FBX price.
To achieve this, the treasury adheres to the following principle: For every $1 in external assets (BTC, ETH, MATIC, funds on Binance, etc), it will maintain $2 of FireBot assets (FBX or EP). The treasury will buy or sell FBX on secondary markets to restore this equilibrium when prices fluctuate.
Below are examples of factors that could influence the balance and/or FBX price:

FBX fluctuations due to algorithm performance

When the algorithm performs well, the external asset portion of the treasury grows. To maintain equilibrium, the DAO automatically uses ETH to purchase FBX on the market, raising FBX's price. Consequently, the external asset portion of the treasury decreases, while the FireBot asset portion increases, reestablishing balance.
Conversely, when the algorithm underperforms, the external asset portion of the treasury shrinks. To maintain equilibrium, the DAO automatically sells FBX to obtain ETH on the market, lowering FBX's price. This action increases the external asset portion of the treasury while decreasing the FireBot asset portion, reestablishing balance.

FBX fluctuations due to its correlation with ETH via liquidity pools

When the value of ETH rises, the FBX price in liquidity pools also increases. However, this may not represent the fair price of FBX if the treasury remains unchanged. The FireBot asset portion of the treasury becomes too high relative to the external asset portion. To maintain equilibrium, the DAO automatically uses FBX to acquire ETH on the market, lowering FBX's price. Consequently, the external asset portion of the treasury increases, and the FireBot asset portion decreases, reestablishing balance.
When the value of ETH falls, the FBX price in liquidity pools also declines. However, this may not represent the fair price of FBX if the treasury remains unchanged. The FireBot asset portion of the treasury becomes too low relative to the external asset portion. To maintain equilibrium, the DAO automatically uses ETH to purchase FBX on the market, raising FBX's price. Consequently, the external asset portion of the treasury decreases, and the FireBot asset portion increases, reestablishing balance.

FBX fluctuations due to supply and demand on the secondary market

When an investor buys FBX, its price in liquidity pools increases. However, this may not represent the fair price of FBX if the treasury remains unchanged. The FireBot asset portion of the treasury becomes too high relative to the external asset portion. To maintain equilibrium, the DAO automatically uses FBX to acquire ETH on the market, lowering FBX's price. Consequently, the external asset portion of the treasury increases, and the FireBot asset portion decreases, reestablishing balance.
When an investor sells FBX, its price in liquidity pools declines. However, this may not represent the fair price of FBX if the treasury remains unchanged. The FireBot asset portion of the treasury becomes too low relative to the external asset portion. To maintain equilibrium, the DAO automatically uses ETH to purchase FBX on the market, raising FBX's price. Consequently, the external asset portion of the treasury decreases, and the FireBot asset portion increases, reestablishing balance.
​