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A measure of how much of a cryptocurrency was traded in the last 24 hours on a decentralized exchange (DEX). Being that Bonfire is such a new cryptocurrency, there may be room for the token to appreciate. However, based on the fundamentals Bonfire is a purely speculative investment. The company has yet to release a usable product, and there’s no guarantee that the team will deliver on their promises. Portfolio A BEP20 ERC20 token with deflationary system. Liquidity + Burn + Charity + Rewards – FreezyEx Deflationary-Token ⚠Trading cryptocurrencies may involve risks. Before engaging in crypto trading, please consult with a financial advisor to ensure it aligns with your financial goals and risk tolerance. Base Bonfire smart contract address is 0x1373de7a7d296f45912f3903f87f363bed3360f6.
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Similar to storing cash in a bank account, wallet, or even a pocket, you also need a place to store your cryptocurrency, otherwise known as a cryptocurrency wallet. Note: Crypto wallets specialised in securely storing digital currencies should not be confused with the multifunctional services of Google Pay or Apple Pay. The latter act as a digital wallet that not only holds credit cards and boarding passes, but also car keys and tickets – all conveniently accessible through an app. In contrast, crypto wallets focus on a single purpose: storing cryptocurrencies. Everyday conveniences like quick payments with Apple Pay or organising car keys and boarding passes in a single digital wallet are not the goal here. The key advantage of this wallet — what makes it “cold” — is that it can be disconnected from the internet. Because it can be disconnected, your cryptocurrency is not easily subject to electronic theft. Of course, they’re still subject to other kinds of loss, including the misplacement of the physical wallet, physical theft or damage of the device and the loss of the device’s password.