Deep Dive

What is HimFerno?

HimFerno is an exciting raffle system built on Berachain that creates continuous buy pressure and token burning for $HIM token. It acts as a constant reminder to BET MORE BOZO.

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How It Works (for the simpler Beras)

1. Ignition: A new raffle round starts when the fee collector "ignites" the HimFerno with HIM tokens collected from trading fees.

2. Betting: Players bet using $BERA (Berachain's native token). When you bet:

   • Your $BERA is automatically swapped for $HIM tokens (up only mechanisms)

   • You receive HimFerno entries based on the $BERA sent

   • Holders of larger amounts of $HIM get BONUS entries (up to 25% more!)

3. Winner Selection: When the round ends (either by reaching the time limit or the maximum $BERA cap), a completely random winner is selected using Pyth Network's entropy system.

4. Prize Distribution: The winner receives 69% of all $HIM tokens in the pool, and the remaining 31% is BURNED FOREVER (once again, up only, bullish, supply to zeroooo, HIM).

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Why HimFerno = UpOnly for $HIM

💹 Creates Constant Buy Pressure

Every time someone bets with $BERA, that $BERA is immediately used to buy $HIM tokens from the market. Creating a booolish flywheel for $HIM token price enjoyoors.

🔥 Regular Token Burns

With 31% of all tokens in each round being burned, HimFerno continuously reduces the total supply of $HIM. As supply decreases while demand stays the same or increases, each remaining $HIM potentially becomes more valuable.

🏆 Rewards HIM Holders

The more $HIM you hold, the more bonus entries you get when participating:

If You Hold	Your Bonus
6,969 + $HIM	+5% Entries
696,969 + $HIM	+15% Entries
6,969,696 + $HIM	+25% Entries

Adding yet another utility to $HIM (boolish).

💰 Recycles Trading Fees

Most commonly, LP trading fees are kept by the team or distributed elsewhere, however with HimFerno, we use generated $HIM trading fees to ignite new rounds, creating a sustainable cycle that benefits the entire ecosystem.

🤝 V2 - Ecosystem Partnerships and Incentives - Growing the Berachain Eco

HimFerno opens up avenues for collaboration with Berachain ecosystem partners, creating increased benefits for $HIM holders. By working with these partners, we aim to boost rewards through additional incentives offered by other teams (think addition eco NFT rewards, tokens for HimFerno winners).

Furthermore, members of other communities can gain bonus HimFerno entries based on their holdings. This approach ensures a win-win situation, enhancing the ecosystem for both $HIM holders and the broader Berachain community.

This is coming in HimFerno V2. V1 will only be for $HIM holders.

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How to Participate

1. Wait for a new round to be ignited (follow our announcements)

2. Send $BERA to the HimFerno contract (minimum bet amounts apply)

3. Automatically receive your entries based on your bet and HIM holdings

4. Pray to HIM gods and hope to be selected as that rounds HIM

5. If you win, you'll automatically receive 69% of all HIM tokens in the pool - bullish

Example Scenario

1. A new round starts with 1,000,000 $HIM from trading fees

2. Players collectively bet 100 $BERA throughout the round

3. That 100 $BERA buys 5,000,000 $HIM from the market

4. Total HIM in the contract: 6,000,000 $HIM (1M from fees + 5M from bets)

5. Winner receives: 4,140,000 $HIM (69%)

6. Amount burned: 1,860,000 $HIM (31%)

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Final Thoughts :

HimFerno creates a virtuous cycle for HIM token:

• Trading fees fund new raffle rounds

• Joining HimFerno creates buy pressure

• Token burning reduces supply

• Bonus system encourages holding

• Winners receive large amounts of HIM

Each of these mechanisms helps support HIM's value, making HimFerno a win-win for the entire HIM community and berachain as a whole.