Bonfire (BONFIRE)

Bonfire is a token, not a standalone blockchain — it's an asset created with a smart contract on an existing chain. Bitcoin, by contrast, runs its own network with its own miners and rules. Practically, this means BONFIRE relies on its host chain for security and can move anywhere that chain reaches.

Because BONFIRE is a token, it doesn't run its own consensus — the host blockchain's validators confirm every transaction. The token's behavior, including transfers and supply rules, is written into its smart contract, which anyone can inspect on a block explorer. One practical tip: always verify the official contract address before interacting, since copycat tokens with similar tickers are common.

A token's supply is set in its smart contract at the moment of creation, and that code is the single source of truth — not whitepapers or social media claims. Many community tokens launch with a fixed maximum supply and no ongoing mining or staking emission, though the exact numbers vary from project to project. To see BONFIRE's real supply and holder distribution, look up its contract on a block explorer.

You can store BONFIRE in any non-custodial wallet that supports the chain it's issued on, which means you hold the private keys yourself. From there, sending and receiving works like with any token: paste the recipient's address, confirm, done. Keep your seed phrase offline and never share it, and double-check the contract address the first time you add the token to a wallet.