Firo Frontier Newsletter - Vol. 2 No. 1
Firo Frontier · January 17, 2025
Firo Frontier provides a brief summary of what's been happening in Firo over the past two weeks.
Happy New Year to our entire Firo Family
The Firo team hopes you had a joyful holiday season - filled with love, warmth, and a sprinkle of privacy magic. Thank you for being an incredible part of our journey in 2024 - and here's to an even brighter 2025!
Firo continues to build a future rooted in privacy and freedom. Thank you for all your unwavering support and passion — together, we make Firo and our future stronger. Looking forward to an incredible year ahead!
The MEXC Exchange has listed FIRO with Perpetual Futures
We are excited to see MEXC organically list FIRO with Perpetual Futures up to 50x which are available in both cross-margin and isolated-margin modes.
As always, trade responsibly and be aware of the risks of perpetual futures!
More info can be found here:
https://futures.mexc.com/exchange/FIRO_USDT
https://www.mexc.com/support/articles/17827791521029
KCEX exchange has listed FIRO with Perpetual Futures
KCEX has also listed a FIRO/USDT on its Perpetual Futures.
As always DYOR and only trade on platforms you're comfortable with.
More info here:
https://www.kcex.com/futures/exchange/FIRO_USDT
https://support.kcexhelp.com/hc/en-us/articles/41763640906905--Initial-Listing-KCEX-Will-List-DF-LUNAI-and-FIRO-USDT-M-Perpetual-Futures
Firo Campfire wallet improvements
Improvements have been made to the Firo Campfire Mobile wallet to address recent issues related to slow initial syncing of newly created wallets. The scan process has been improved and is more robust and reliable. A similar improvement is being rolled out for the Stack wallet as well.
Just a reminder - when a new wallet is created (even 'light' wallets like Campfire) that the initial setup of most crypto wallets takes a few minutes to sync. This is because the light wallet is still performing validation rather than just trusting APIs. After the initial setup is complete - resync time when restarting a wallet will only take seconds or a minute to be fully synced - and will show the current balance.
FiroDEX and Komodo Wallet
Komodo Wallet (of which FiroDEX utilizes) has recently disabled its DEX and bridge features and is intending to implement ‘decentralized AML’ features on their clients due to their interpretation of EU MiCA regulations and Travel Rule despite Komodo Wallet being non-custodial. As part of this Komodo Wallet disabled all their seed relays. We are working with volunteers to setup alternate seed relays and re-enable the DEX. We also note that anyone can setup and use their own relays and this wouldn’t make the user a CASP. At the same time, we have already identified alternative DEXes.
Updates from the developers
The $FIRO developers continue to actively work towards having $FIRO’s infrastructure become the best privacy preserving technology in the crypto space.
Current work includes:
Spark Names - Work on this new feature continues and will allow people to be able to send and receive Firo through human readable names. Spark Names are expected to launch on testnet within the next week.
Spats - this feature allows all assets on the tokenization layer to share the same anonymity pool, vastly improving privacy. Work on this feature continues and is progressing well. The possibility of burning Spats fees has been suggested, and will be reviewed.
Spark support for newly created $FIRO coins - work continues on enabling newly created $FIRO coins (as part of the mining or Master Node rewards process) to be created as Spark assets rather than the current transparent coins - thus allowing privacy for all coins created as part of the $FIRO ecosystem.
Improvements to the Campfire/Stack Mobile wallet complete - These improvements fix the recent issues some users were having if they were on unstable or poor network connections.
Electrum / Trezor issue resolved - problem has been resolved and testing complete. The ability to use EX DEX addresses will be implemented in the future.
Normal Firo maintenance continues - this includes performance improvements, preparation work for implementation of new $FIRO features, and normal bug fixes.
Development details can be found in this Firo Forum post: https://forum.firo.org/t/weekly-firo-development-meeting-minutes/2337/110
State of Firo and future plans
Reuben will be recording a video shortly - answering questions from the community and discussing the state of Firo and its future plans. See the Firo Telegram news channel or Firo.org website for a link to the video when it becomes available - or wait for the next Firo Frontier Newsletter for more information.
Firo news blog: https://firo.org/tag/news/
Firo Telegram News channel: https://t.me/fironews
Other News
Missed the last Privacy Roundtable? We've got you covered!
The Privacy Roundtable: Tornado Cash, DarkFi feat. Rachel-Rose O'Leary from the DarkFiSquad
Recording of The Privacy RoundTable on December 18, 2024.
Source: https://x.com/i/spaces/1BdGYEQjBADGX
The recording is now live on our YouTube channel.
Watch now: https://www.youtube.com/watch?v=mM_y67k5hLEWhat is the FCS (Firo Crowdfunding System):
The Firo Crowdfunding System allows community members to propose Firo projects and offer resources and seek funding for projects that will improve the Firo project.More info about FCS can be found here:
https://firo.org/2021/10/18/firo-crowdfunding-system-launch.html
Info about current proposals can be seen here:
https://forum.firo.org/c/fcs-proposals/16
https://funding.firo.org/Reminder - FiroFam! Beware of Scammers!
Just a reminder to be vigilant of all the scammers working hard to steal your coins. More new scams every week - note that our official site is firo.org. We do NOT offer cloud mining, deposits, or any investment schemes. Anyone using Firo's Telegram or Discord channels please beware of scammers and impersonators! Our admins and team members will NEVER DM you first. All support questions are answered publicly to keep you safe.
Stay safe and always verify!
Did you know?
More information about Firo is available at: https://firo.org
Firo Telegram news channel: https://t.me/fironews
Archive copies of previous newsletters can be found at:
https://newsletter.firo.org/archive