Firo Frontier September 2024
Welcome to our inaugural Firo Frontier, where we will share with you a brief summary of what’s happening in Firo every 2 weeks!
Firo New Tokenomics Live
The Firo network has successfully completed the hard fork on the 16 September 2024 to implement the new tokenomics as voted by our community.
If you're running a masternode or the reference QT wallet, please ensure you’re updated to the latest Firo release which is v0.14.14.0. Campfire or Stack wallets do not require any updates since the changes are made in the backend.
A quick recap of these changes:
A fixed emission of 6.25 FIRO/block until the cap of 21.4 million FIRO is reached (previously followed Bitcoin’s halving schedule)
A tail emission of 1 FIRO/block thereafter (previously no tail emission)
A block reward division of 70% Masternodes, 5% Miners, 15% Dev, 10% Community (previously 50% Masternodes, 25% Miners, 15% Dev, 10% Community)
To read more about these changes and the rationale behind them, you can read our blog post here.
A huge thank you to our community and ecosystem who made this change possible.
Power Up Privacy donates to Firo
Power Up Privacy, a privacy advocacy group has made a series of generous donations and interest free loans to the core team to support our development and the liquidity of Firo.
~240,000 USD has been deployed to various important exchanges to support Firo’s liquidity.
~125,800 USD has been donated to the core team to fund and accelerate development.
These donations and liquidity will further shore up Firo’s future, development and utility. We are tremendously grateful for the support and if you would like to show your thanks, we would appreciate if you could give them a shout-out here.
Their support doesn’t end here and there are plans to further support Firo’s awareness and community growth efforts!
Other News
Did you know?
Roger Ver, one of the most prominent crypto advocates and pioneers, provided seed capital and support to Firo (then known as Zcoin). He now faces legal challenges that threaten his freedom. Consider supporting Roger Ver at the Enemies of the State Bash.