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Market

Market stats

Market cap

$25.6M

Volume (24h)

$1.2M

Circulating supply

13.1M FIRO

All time high

$169.99

Price change (1h)

-0.77%

Price change (24h)

-0.87%

Price change (7d)

+8.5%

About Firo

What Is Firo Token (FIRO)?

Firo (FIRO) is a cryptocurrency ecosystem that aims at offering privacy to users by incorporating blockchain technology.  The platform uses varied technologies like Dandelion++, Lelantus, and Lelantus Spark to offer a trustless and secure on-chain transaction with high anonymity. 

In a traditional financial environment, the power of intermediaries eliminates the control of individuals on their assets. Bitcoin was originated in the environment to offer decentralized features to the individuals in controlling their assets. However, the platform lacked privacy. As a result, Firo was developed with the aim to preserve privacy in the crypto industry and build trustless protocols that increase the utility of users.

According to its website, to ensure that every individual attains privacy, the protocol uses the below-mentioned technologies:

  • Lelantus Spark: This facility makes the transactions unsearchable on the blockchain. Spark also increases security by hiding transaction figures and applying signatures for every activity. This technology also secures the platform from scams like 51 percent attacks

  • Lelantus: This technology allows users to burn their tokens to hide them in the anonymity pool and break the links with the transaction chain. Users can retrieve the tokens back from the pool if required using zero knowledge proof. Zero knowledge proof allows one party to verify the transaction without actually circulating transaction information on the chain. 

  • Sigma: this technology was developed to eliminate the requirement of a trusted setup in the system and make the process completely decentralized. 

  • MTP: Merkle Tree Proof (MTP) is a mining algorithm used by the platform to democratize mining. This mechanism was converted in FiroPoW to increase the safety and fairness of the platform. 

FIRO is the native utility token available in the ecosystem. The token can be used in mining the cryptocurrency. The rewards are distributed to the users in the form of FIRO tokens only. Users are required to keep 1000 FIROs as collateral to function as a masternode. Amongst the total block reward, 35 percent is provided to the masternodes, 50 percent to miners, and 15 percent for the development of the protocol. The platform also allows users to create their own privacy-enabled tokens connected with the private stablecoins from other chains.  

History of Firo Toke (FIRO)

The token was formerly launched in the year 2016 as Zcoin which was further converted into FIRO. The total supply of FIRO tokens is 21.4 million.

News

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BeInCrypto • Dec 05, 23

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The Defiant • Dec 05, 23

Folks Finance Launches DeFi Services For Gold and Silver Tokens

Users can now borrow, lend, and trade tokenized gold and silver via Folks Finance

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Unchained • Dec 05, 23

Bitcoin Funds Saw $133 Million Inflows Last Week

Bitcoin-related investment products saw the most inflows among crypto investment products last week, which marked the tenth consecutive week of inflows totalling $1.76 billion. CoinShares’ report examining weekly fund flows into crypto investment funds showed that Bitcoin funds saw inflows of $13...

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BeInCrypto • Dec 05, 23

Ethereum Bull Run Yet to Begin, Why ETH is Undervalued at $2.2K

Ethereum is undervalued at $2.2K, according to analysts, as it remains down 54% from its all-time high despite making $2.7 billion in annualized profits. Ethereum is expected to gain a spot ETF, driving demand.The post Ethereum Bull Run Yet to Begin, Why ETH is Undervalued at $2.2K appeared first...

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Coinbase Bytes

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

Firo is on the rise this week.

The price of Firo has risen by 8.50% in the past 7 days. The price declined by 0.87% in the last 24 hours. In just the past hour, the price shrunk by 0.77%. The current price is $1.95 per FIRO. Firo is 98.85% below the all time high of $169.99.

The current circulating supply is 13,098,187.53 FIRO.

FAQ

What is the current price of Firo?

We update our Firo to USD currency in real-time. Get the live price of Firo on Coinbase.

What is the market cap of Firo?

The current market cap of Firo is $25.62M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Firo?

The all-time high of Firo is $169.99. This all-time high is highest price paid for Firo since it was launched.

What is the 24 hour trading volume of Firo?

Over the last 24 hours, the trading volume of Firo is $1.22M.

What other assets are similar to Firo?

Assets that have a similar market cap to Firo include Akropolis, USDK, Milady Meme Coin, and many others. To see a full list, see our comparable market cap assets.

How many Firo are there?

The current circulating supply of Firo is 13 million.

Can I buy Firo on Coinbase?

No, Firo is not currently available on Coinbase, but you can sign up to get the latest news on Firo and be notified when it gets added to our exchange.

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