Firo

The community has been actively discussing Firo’s economics, particularly its block reward division and emission model.After seeking community feedback and <a href="https://forum.firo.org/t/poll-final-tokenomics-and-block-division/3379" rel="noopener noreferrer nofollow">preliminary polls</a> since June, we are now approaching the penultimate poll to definitively decide Firo’s future.The two primary issues being voted on are:<ul><li>What should Firo’s block reward division be?</li><li>What should Firo’s emissions be?</li></ul>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 looks into the long-term sustainability of Firo as to whether it should adopt a tail emission or stick closer to the original Bitcoin model.Instead of a single-choice vote, the poll allows community members to rank their options, resulting in a fairer reflection of sentiment. This is also known as <a href="https://fairvote.org/our-reforms/ranked-choice-voting/" rel="noopener noreferrer nofollow">ranked-choice voting</a> and is suitable where there are many options to choose from.You can view the previous discussions and polls here to help guide your decision!<ul><li><a href="https://forum.firo.org/t/poll-should-firo-continue-its-development-fund-and-community-fund/3274" rel="noopener noreferrer nofollow">Development and Community Funds</a></li><li><a href="https://forum.firo.org/t/poll-should-firo-have-a-tail-emission/3275" rel="noopener noreferrer nofollow">Tail Emission</a></li><li><a href="https://forum.firo.org/t/poll-should-firo-keep-its-halving-schedule-or-should-we-revisit-our-emission-curve/3276" rel="noopener noreferrer nofollow">Firo’s halving schedule</a></li></ul><h2 id="header-0">How to Vote!</h2>Anyone who has been in the Firo community for some time is eligible to vote in this poll.Step 1: Register an account at forum.firo.orgStep 2: Earn at least Trust Level 1 by spending time on the forums. Alternatively, if you have been with the Firo community for a while in other places, you can post in this thread to request for an admin to upgrade you immediately.Step 3 Head to the final poll thread. Note there are two polls to vote on so please don’t forget to vote on both of them!Step 4: Rank the options you like with rank 1 being your most preferred option. For options you don’t like, you can choose to not rank them by picking ‘abstain’.Step 5: You can post in the thread to explain why you picked a vote!Do note that in the future, we intend to impose higher requirements in future polls or even require a minimum Firo holding requirement to prove skin in the game without disenfranchising smaller holders.<h2 id="header-1">Do your Part!</h2>Getting involved in Firo’s polls is an important step in decentralized governance. It ensures that your voice is heard, and every vote counts! The poll closes on the 1 September 2024!

Together We Decide: Vote to Shape Firo's Future!

Table of Contents

Firo

Other articles published on Aug 19, 2024

Crypto Millionaire Reveals Top 3 Altcoins Set to Explode by 5000% in 2024 – Don’t Miss Out!

Ethereum’s Gas Fees Plunge to Five-Year Lows, Eyes on $2,300

Indian Authorities Arrest Man for Kidnapping Linked to $2.4B BitConnect Scam

5 Promising Cryptos to Watch as Bullish Trends Continue

How Sahil Arora Netted $3M with Celeb Token Pump-and-Dump Schemes

Revolut App Now Integrated As A Buy Provider On Ledger Live

Join our free newsletter for daily crypto updates!