• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Firo's Block and Emission Model: Voting on the Future

user avatar

by Giorgi Kostiuk

a year ago


  1. Key Voting Issues
  2. Topics of Discussion
  3. How to Vote

  4. The Firo community has been actively discussing the project’s economics, particularly the block reward distribution and emission model. After gathering feedback and conducting preliminary polls since June, the community is approaching the penultimate poll to definitively decide Firo’s future.

    Key Voting Issues

    The two primary issues being voted on are: - What should Firo’s block reward distribution be? - What should Firo’s emissions be? These polls touch on important issues, such as whether there should be a development and/or community fund, the sustainability of masternodes, and the role of miners. It also considers the long-term sustainability of Firo: should it adopt a tail emission or stick closer to the original Bitcoin model.

    Topics of Discussion

    Important topics include the voting format, which allows community members to rank their options, resulting in a fairer reflection of sentiment. Known as ranked-choice voting, this method is suitable where there are many options to choose from. You can view the previous discussions and polls here: - Development and Community Funds - Tail Emission - Firo’s Halving Schedule

    How to Vote

    Anyone who has been part of the Firo community for some time is eligible to vote. **Step 1**: Register at forum.firo.org **Step 2**: Earn at least Trust Level 1 by spending time on the forums. If you’ve been with the Firo community for a while, request an admin to upgrade you immediately. **Step 3**: Head to the final poll thread. Note, there are two polls to vote on, don’t forget to vote in both of them. **Step 4**: Rank the options with rank 1 being your most preferred. Options you don’t like can be left unranked by choosing ‘abstain’. **Step 5**: You can post in the thread to explain your choice. In the future, we plan to impose higher requirements for future polls, possibly including a minimum Firo holding requirement, without disenfranchising smaller holders.

    Participating in Firo’s polls is a crucial step in decentralized governance, ensuring that your voice is heard. The poll closes on September 1, 2024.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Algorand (ALGO) Aiming for $0.50: Current Trend Analysis

chest

Algorand (ALGO) price changes after a long decline. Current analysis indicates bullish trends and potential support levels.

user avatarGiorgi Kostiuk

Explore Potential Altcoins: BlockDAG, Chainlink, XRP, and Cardano

chest

Overview of BlockDAG, Chainlink, XRP, and Cardano, their features and relevance in the market.

user avatarGiorgi Kostiuk

WLFI Token Prepares for Trading with $16 Billion Market Valuation

chest

The WLFI token, tied to a DeFi initiative, is set to debut on exchanges with a valuation of $16 billion. Negotiations for exchange listings are ongoing.

user avatarGiorgi Kostiuk

Latest News on Pi Network, Binance Coin, and BlockDAG in the Crypto Space

chest

An overview of the current state of Pi Network, Binance Coin, and BlockDAG in the cryptocurrency market.

user avatarGiorgi Kostiuk

Crypto News: BlockDAG, Mantle, and Ethereum Show Growth

chest

BlockDAG partners with Seattle Seawolves, while price predictions for Mantle and Ethereum turn positive.

user avatarGiorgi Kostiuk

BlockDAG Launches with 7-Day Access Window, VeChain Stays Flat, Pi Coin Drifts

chest

BlockDAG offers unique early access to coins upon launch as VeChain and Pi Coin stabilize at their levels.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.