Bonfires.ai is raising 2000ETH via a Genesis NFT sale to build the Knowledge Economy.
Genesis NFTs allow holders to:
- join and deploy Bonfires during the beta rollout of bonfires.ai
- to participate early in the Knowledge Economy and mine Knowledge Points
- Receive $KNOW allocation
Each Genesis NFT is also allocated 0.0025% of $KNOW token supply, vested on TGE.*
>**Cost**: 0.1 ETH
>**Supply**: 20,000 Genesis NFTs
>**Max per wallet**: 100
MINT HERE: [mint.bonfires.ai](mint.bonfires.ai)
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## Light a Bonfire
#### Early Access
Genesis Spark NFTs allow the holder to launch a Bonfire before anyone else, providing maximal exposure and potential participation from the wider community.
During the beta rollout of bonfires.ai, before the launch of $KNOW and before permissionless IBO deployments are ready, we are manually deploying Bonfires for Genesis NFT holders, in a FCFS queue.
Users deposit their Genesis NFTto deploy a Bonfire and; any allocated $KNOW is vested to the Bonfire and its participants as an additional participation incentive.
#### Maximise Exposure
As there are fewer Bonfires in these early stages, creators get more exposure to inbound users, to attract capital and community to the project more easily.
#### Knowledge Mining
Bonfires produce units of knowledge called kEngrams (kE).
kEngrams are shared via Knowledge Network and their retrievals in the network are tracked, mining Knowledge Points. Knowledge Points are incentivised with $KNOW emissions.
Early users can expect their shared knowledge to be retrieved more as there is less competition, mining more early Knowledge Points.
$KNOW emissions will begin soon after TGE, directed towards Bonfires as reward for their contributions to the Knowledge Network.
## Receive $KNOW ICO allocation
Genesis NFTs are allocated $KNOW tokens, vested on TGE.
Each NFT is allocated 0.0025% of $KNOW token supply, representing 50% of the initial circulating supply to the 20,000 Genesis NFTs.
$KNOW is expected to TGE on Ethereum Mainnet in September 2025.
#### $KNOW Tokenomics
**Initial Supply**: 100,000,000
**$KNOW Emissions**: inflation schedule TBA, anticipated Q4 - developed in partnership with [CryptoEconLab](https://www.cryptoeconlab.xyz/).
| Target | Percentage | Vesting | Description |
| --------- | ---------- | -------- | ---------------------------------------------------------------------- |
| ICO | 50% | 1yr | Distribution of $KNOW to Genesis NFT holders |
| LP | 10% | 1yr | Seed KNOW/ETH LP, to be distributed to early DeSciWorld preDAO members |
| Team | 20% | 1yr | Incentives for the core team |
| Ecosystem | 20% | Unlocked | Available tokens for listings, airdrops and other ecosystem campaigns |
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