Company Information

Get to know Bonfire Finance

Launched in 2021, Bonfire is a cryptocurrency project designed as a frictionless, yield-generating social experiment. Its core is the BONFIRE token, which operates with a specific tax on every transaction. A portion of this tax is redistributed to all existing token holders (a process known as "reflection" or static rewards), and another portion is sent to a liquidity pool to support price stability. The project's mission is to foster a strong, engaged community while exploring use cases in the decentralized finance (DeFi) and non-fungible token (NFT) space.

Industry

Crypto CryptocurrencyPRIMARY
Financial Other Service

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Bonfire Finance

Australia

Founded in

2017 (9 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.

Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.