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Price
$2.77
9/29/2022, 10:40:39 AM
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Market

Market stats

Market cap

$32.0M

Volume (24h)

$2.6M

Circulating supply

11.6M FIRO

All time high

$169.99

Price change (1h)

-0.29%

Price change (24h)

0%

Price change (7d)

-4.95%

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Firo is on the decline this week.

The price of Firo has fallen by 4.95% in the past 7 days. The price declined by 0.00% in the last 24 hours. In just the past hour, the price shrunk by 0.29%. The current price is $2.772033 per FIRO. Firo is 98.37% below the all time high of $169.99.

The current circulating supply is 11,552,112.445 FIRO.

About

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.

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FAQ

What is the current price of Firo?

The price of 1 Firo currently costs $2.77.

What is the market cap of Firo?

The current market cap of Firo is $32.02M. 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 $2.62M.

What other assets are similar to Firo?

Assets that have a similar market cap to Firo include TROY, RAI Finance, Venus USDT, 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 12 million.

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