Firo Finalized Tokenomics Results

[safar1980]

Through Firo’s governance process, Firo’s emission and block reward division has been finalized! A huge thank you to everyone who voted and shared their thoughts and feedback.

Through several rounds of polls, the community has decided on the implementation of three things to Firo’s tokenomics:

A fixed emission of 6.25 FIRO/block until the cap of 21.4 million FIRO is hit
A tail emission of 1 FIRO/block thereafter
A block reward division of 70% Masternodes, 5% Miners, 15% Dev, 10% Community
For a more accurate reflection of community sentiment, we employed a system known as ranked-choice voting or instant run-off. This system allowed voters to select multiple choices and then rank them in order of preference, ensuring that the final decision better represents the community’s preferences.

On September 28, the miners' reward will decrease by 5 times from 1.56 to 0.31 Firo

[1971ECPT]

Another coin that is kicking b**t of the miners.

I hope to have the same "success" like other coins that did the same s**t to the miners.

[FP91G]

Another coin that is kicking b**t of the miners.

I hope to have the same "success" like other coins that did the same s**t to the miners.

It's not a big loss. I haven't seen this coin on the list of profitable ones for mining for a long time, but I really don't understand why give miners 5%. It's better to switch to the POS algorithm.

[safar1980]

Hard Fork Successfully Completed
Transferable Spark Names, lower VRAM mining, and multiple efficiency improvements

We are glad to announce that the Firo hard fork has been successfully completed. Firo’s latest hard fork activated at block 1,205,100 without issues.

This upgrade introduces two major improvements to the Firo network:

Spark Name Transfers
Users can now transfer, buy, and sell Spark Names on-chain, enabling a new Firo-native economy around privacy-preserving digital identities.

Lower GPU VRAM Requirements for Mining
This hard fork reduces the VRAM requirements for FiroPoW miners, making mining more accessible and allowing 8 GB graphics cards to mine Firo again.

We would like to thank all exchanges, mining pools, nodes and masternodes for the smooth transition.