We are pleased to announce our next AMA on March 16th, 2022 at 01:00 PM UTC Time: Satoshi Club x 5ire Chain
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join 5ire Chain Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. 5ire Chain Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about 5ire Chain
For more details:
5ire Chain Website – 5ire.org
5ire Chain Telegram – @OfficialFireChain
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
5irechain is introducing a staking mechanism which is based on the Nominated proof-of-stake(NPoS) scheme for the selection of the validator set, the next block authors and for the distribution of rewards.please I am curious to know the difference between the NPoS and the traditional PoS or PoW ? In light of the NPoS validators selection,what are the requirements to be eligible to be selected as a validator like in the case of PoS where a cryptocurrency owners validate block transactions based on the number of coins a validator stakes? inline with this can you provide a lucid and brief information about the proof of benefits? Proof-Of-benefit uses the Treasury for its rewards distributions,can you enlighten us about the nature of the rewards distribution?
I found out that the 5ire Chain ecosystem makes use of a hybrid concensus algorithm called “Proof of 5ire” which is said to be one of the unique selling propositions of the 5ire Chain. Can you give a detailed explanation about this hybrid concensus algorithm used by 5ire Chain? What are its distinctive features and how does this algorithm function? Can you mention the factors you considered before making the decision of using the Proof of 5ire algorithm and the contributions/benefits this algorithm will give to 5ire Chain and its users?
Part Of 5ire Goal is to End hunger, achieve food security and improved nutrition and promote sustainable agriculture, could you give a Broader Explanation on how you intend to find solutions to the mentioned Problems above? What are the Various Steps you’ve already taken to Tackle the Surging issue of Hunger, food security and promote a Sustainable Agriculture? What roles would 5ire play in The Aspect of Using NFTs to Replicate Land Acres for Agriculture? How would these NFTs be best Utilized? Furthermore, i also Saw that you have A Trading Community to which you educate both Regular Traders and Beginners to learn and Understand the Market, could you please share with us details to which we could Join these Community and Participate? Thank you
Your Platform 5ire, is interestingly offering grants, and monetary incentivisation for everyone who decides to build on top of your Project, could you please Give clear Elaborations to the Numerous incentives that is available for users in your ecosystem? I also understood that Your token is yet to Launch, could you please state when you plan to launch these taken and the Exchange to which you’re going to List On? I also understand that your public sale is planned to Happen on 29 of March, could you please share information on how and where we can Participate in it? What would be the Minimum amount of token that can be Purchased during the presale? Lastly, i would like to know about your Advisory Board, What big Names do you have on these Advisory Board? Thank you
I interestingly read that 5ire is Working towards empowering more than 1billion+ people to create businesses that act as force for good and help create a more sustainable and greener world, and no doubt, this gives people around the world an opportunity. So could you please state the forms/types of Empowering Opportunities/ Innovations that is going be available in your platform? Is there a targeted region to which these opportunities is targetted to? Or, everyone around the world can Benefit from it? Lastly, it came to my understanding that 5ire is now the first layer 1 ever to sign MOUs (MEMORANDUM OF UNDERSTANDING) with the governments around the world, could you please state the Countries to which you’ve successfully signed MOUs with their Government? what other regions do you have in mind to Sign with?.. Thanks
“The mission of the 5ire ecosystem is to embed the for-benefit paradigm at the heart of the blockchain, highly incentivize practices that align with the United Nations Sustainable Development Goals (SDGs), facilitate the transition from the 4IR to 5IR, and accelerate the implementation of the UN 2030 Agenda for Sustainable Development”. Since 5ire Chain is said to be a “for-benefit” (not a “for profit”) ecosystem meant for serving humanity, it is critical that the governance mechanism and all portions of the governance system are both democratic and transparent. Can you give a detailed explanation about the governance mechanism used by 5ire Chain and how it works?
I found out that there is an ongoing whitelist event for the upcoming 5ire IDO. Can you give more information about this event? How many participants will be whitelisted through this event for the upcoming 5ire IDO? How can interested users participate in this event? Can you mention the requirements that interested users must meet to be eligible to participate in this whitelist event? Can you also give some information about the upcoming 5ire IDO? When and where will this IDO take place? Apart from this ongoing whitelist event, will there be other means through which users will be able to participate in the upcoming 5ire IDO?
5ire Capital as one of your product is a VC arm of 5ire to promote the overall growth of the 5ire ecosystem and invest in environmentally sustainable projects with their mission of having a prosperous planet for all.So how long will you keep on raising funds through the 5ire VC to eliminate poverty and preserve the environment?In other to create a big impact on persistent social problems,you will use funds from the 5ire VC to support Blockchain-based projects,so what is the percentage allocated to this projects and can share with us those projects you have supported?You also said that 5ire will be a DAO,powering a bottom-up community building and innovation.Can you please give a clearly explanation on how the 5ire DAO works? Thanks
Sustainability and supporting the 17 Sustainable Development Goals (SDGs) of the United Nations are at the heart of everything done in 5ire Chain.So far can you tell us how you have been achieving your goal of a Hunger Free World?And to create the “Unicorns of Tomorrow”,you are searching for mission driven founders that are interested in creating a new paradigm in “Social Impact”.So is this offer open up to all or are there some criteria/requirements you are actually looking out for?How can those who are interested make their applications and what benefits/rewards are laid out for them?Please explain Thanks
5irechain is a fifth generation blockchain that will bring a paradigm shift from a for-profit company to a for-profit company by embedding sustainability and social impact deep within the logic of the 5irechain runtime. . For 5irechain, what is a company with Profit Penalties? What are the characteristics of this type of company? How is this For-Profit company different from For-Profit companies? Advantages?
5irechain, and ensuring that activities that are aligned with the United Nations Sustainable Development Goals, whether on-chain or in the real world, are highly incentivized with the state-of-the-art multi-layer litmus test consensus mechanism and engine. reward distribution. Can you explain 5ire’s state-of-the-art multi-layer litmus test mechanism and reward distribution engine? What are the characteristics of both products? What is the impact of both mechanisms on the ONU objectives?
Hello, 5ire Chain’s Team!
I read that 5ire Chain is using what is known as hybrid consensus, combining two elements called “BABE” and “GRANDPA” in order to allow fast block production and higher levels of security. Having that in mind, could you please give us more details about this two important pieces that conformed your hybrid consensus? First of all, why did you deciced to use this two mechanisms instead of any other mechanisms? And how do they really work? Also, how is it possible for “BABE” and “GRANDPA” to allow fast block production and higher levels of security? What kind of security is it allow to provide and how realiable is it really? Thanks.
The launch of 5ire Chain will revolve around the concepts of transparency, immutability and verifiability in blockchain transactions, so that the born feel safe and confident and add more and more value in the service of humanity. What features make 5Ire Chain a transparent, immutable and verifiable platform? Why should investors feel safe with 5Ire Chain? Can we consider 5IreChain a 100% secure platform?
5ire consists of an architectural framework with strong guarantees: Sustainability by Design, Security, Transactional Scalability, Governance and Democracy, Future-Proof and Non-Forking Upgradeability, and Interoperability. Can you briefly and simply explain each of the guarantees that make up the architectural framework of 5Ire? How do they work? What are the advantages of each of them?
5ireChain is focusing on the implementation of the autonomous DID aggregation mechanism. In the future, 5irechain aims to have its own eDSL Wasm smart contract language and will also add features through governance. Can you give us more information about the Autonomous DID aggregation mechanism? What is the DID mechanism? What will this mechanism allow? What are the objectives of the DID mechanism?
5ire addresses the scalability issue by using different transaction pools. Existing blockchains use a single transaction pool where all transactions are stored with each node. How do transaction groups make 5Ire unique? What are the constituent elements of the 5Ire transaction pool? How does 5ire address scalability and speed up transaction processing?
Hello, 5ire Chain’s Team!
When it comes to the roles users can have on the platform, I saw that there are quite a few, but the most important ones are “Nominators”, and “Validators”. So, could you please give us a more in depth look about this two particular roles on 5ire Chain? What kind of purposes do they fulfill on the platform? Why are they so important within the right development and functioning of the platform? What do I need to do, as a 5ire Chain user, if I want to become either a Nominator or a Validator? Most importantly, what benefits do users get from fulfilling these roles in 5ire Chain? Thanks.
5irechain is a fifth generation blockchain that will bring a paradigm shift from a for-profit company to a for-Benefits company by embedding sustainability and social impact deep within the logic of the 5irechain runtime. . For 5irechain, what is a company For-Benefits? What are the characteristics of this type of company? How is this For-Benefitscompany different from For-Profit companies? Advantages?
Hello, 5ire Chain’s Team!
I read that 5ire has a Staking System, which is considered to be a “multi-layer staking mechanism, designed with sustainability, positive environmental and social impact”. Having that in mind, could you please give us more details about how this multi-layer staking system on 5ire will work? How will it be possible for it to be positive environmental and have a social impact? How has this system been designed to consider it sustainable? Most importantly, how can users participate in this staking system; what do they need to do? Also, what are the benefits and rewards from participating in it? What do you offer with your staking system that users won’t find anywhere else? Thanks.
Hello, the 5ire Chain team.
Studying your website and documentation, I paid special attention to the fact that you are the holders and authors of several patents in the field of blockchain. I’m not that familiar with patent search engines. Please tell me where I can find them and get acquainted with them? Which of your patents do you consider the most valuable at the moment?
Hello, the 5ire Chain team.
I liked the ideology and the mechanism of making and voting for proposals related to the development of the chain. However, no matter how we try to make a fair voting system, we can never exclude the human factor. Please tell me, if developers see an obvious planned collusion that will definitely harm development, can they not implement the accepted proposal by their decision? Do you reserve such an opportunity for yourself or will you be forced to submit to the decision of the community?
In 5irechain, users are encouraged to create DAOs around sustainability and the service of humanity. What are the processes involved in creating a DAO using 5irechain? What will be the needed skills for this creation? How expensive will it be to create and run a DAO using 5irechain and What are the rewards or incentives given to users that create DAOs? I also read that the complex account types offered by 5irechain can help in the creation of complex DAO hierarchies and governance mechanisms for the control of multi account shared wealth. What are the complex type of accounts offered by 5irechain for DAO creation? How does the creation of these complex hierarchies control shared wealth?
Hello, the 5ire Chain team.
Judging by the documentation, you have different ratings for validators, depending on the level of his anonymity. One of the highest priorities is given to those who have passed KYC. However, in the crypto world, it is not uncommon for people to pass KYC on forged documents due to the formalism of the verifying party. Please tell us how you imagine and how you will implement the KYC mechanism for the 5ire chain?
5ireChain, is a blockchain ecosystem that embeds sustainability to its consensus mechanism and 5ireChain is taking a step further by bringing Democracy on-chain with the 5ire consensus protocol which it calls the sustainable proof of stake (SPoS). Can you elaborate more on 5irechain Consensus Protocol, the Sustainable Proof of Stake (SPoS) and how it works? How democratic is 5ire Consensus Protocol, SPoS? Can you also explain on the Factors which 5ire Consensus Protocol is based on? Lastly, can you share on the benefits of the SPoS mechanisms to the 5ire Blockchain?
Early this year, the NFT and Asset pallet was implemented into the 5ireChain. And the compatibility of 5irechain with substrate blockchains is seamless through this bridge pallet. I learnt that in 5ire system, Users can donate to the pallet, and users with a strong history of donations gain potential to receive rewards through our on-chain Proof-Of-Donation protocol. Can you please shed more light on how this will work? And How can I donate to the Pallet and is there a minimum/maximum limit requirement to the amount of donations a user can make? Is the rewards earned from this donation withdrawable at any point in time?
with NFTs becoming trending in the Industry, every crypto user will like to create their own NFTs and I noted that using 5ire, every user can create their own standard fungible and non-fungible token. Can you explain on the requirements for users to be able to create FT and NFTs on 5ire Platform? how can users trade/sell the FTs and NFTs created in 5ire? I also noted that users can also create a unique readable domain name. can you explain more on the creation of the unique domain Name in 5ire and how users can create it? Lastly, 5ire also allows multi-custodial account, why do you do choose to allow multi-custodial account creations? Wont this promote scam and multiple accounts?
I discovered that 5ire is one of the Partners and Backers of Philcoin. Philcoin is different from others in the purpose and vision, and more than 100mil community members backing it. And 5ireChain has Invested into PHILCOIN, to expand the 5ireChain Ecosystem. PHILCOIN is a UN SDG Impact Fund Supported Project Aiming to Disrupt How People Donate. Since the partnership and investment with Philcoin, how has the unique giving process of Philcoin benefitted the 5ire network and community in general? What have you achieved with the Philcoin Partnership so far and what are the plans you have on ground to sustain this partnership? Who are your other partners and what plans do you have to engage charity organizations into 5ire?
Last month,5ire Chain secured a $100 Million capital commitment from Gem Global Yield LLC SCS (GGY) as you seek to file for an IPO.So can you tell us what this IPO that you are filing for really means and how will it help in facilitating the growth of 5ire Chain?Will the $100 Million actually be used only for the filing of an IPO or the remaining will be used for something else?Will GGY later be part of 5ire Chain partners?5ire Chains aims to liaising with government stakeholders in Indian,what about doing the same in other places? Thanks
I understand that 5ire plans to develops its own blockchain which is the 5ireChain and The 5ireChain will be the first blockchain to have sustainability embedded in the network base layer. can you elaborate more on the 5irechain and its network base Layer? what are some distinctive features which will make the 5irechain an upgrade to existing blockchains? Lastly, I noted that 5ire distributes Transactions based on wallet addresses with each transaction pool having a unique address. Can you explain more on how this will work and why you choose to differ from existing blockchains which uses single transaction pools where all transactions are stored on every node?
Today the non-profit sector is worth around 2 Trillion but the whole sector suffers from intolerable scandals, corruption and gross inefficiencies. Can you explain on how 5ire which is a non-profit sector will be able to survive? Where will the fundings for 5ire future Plans come from? What are other Plans to effectively sustain the 5ire Ecosystem? I also noted that 5ireChain ensures that the aligned with the United Nations Sustainable Development Goals (on-chain or in the real world) are incentivized with the cutting-edge multilayered Proof-Of-5ire consensus mechanism. Can you explain more on your cutting edge multilayered proof-of-5ire consensus?
It caught my attention that when it comes to the Governance of 5ire Chain, there will be a unique mechanism implemented called “Referenda”, can you tell us more about it? How will this mechanism exactly work? How will it help on the governance model of 5ire Chain and on the proper decision making on the platform? What do users on the governance model have to do to make usage of this useful mechanism that has been implemented? And on what cases can it be used?
I saw on your whitepaper that 5ire Chain works with a cutting-edge mechanism, the democratic “Proof-of-Benefit”, can you tell us more about this mechanism? How does it work? What makes it a cutting-edge mechanism? What kind of advantages does this “Proof-of-Benefit” mechanism provide to the platform and also to the users of 5ire Chain? Why did you decided to implement Proof-of-Benefit on the platform? What made it the right choice for you and your goals? Also, what makes this mechanism “democratic” exactly?
I understand that you chose to adopt a cutting-edge variant of PoS called Nominated Proof-of-Stake on 5irechain. Why did you decide to go for this variant of PoS and not the normal PoS? What makes this variant of PoS different from the other one? I read also that there is a penalty given to a validator that misbehaves while active which causes him to lose a part of his staked tokens on 5irechain. The lost token goes to the treasury with a reward going to the actor that reported the misbehaviour of the validator. Is there a fixed percentage of token that would be slashed from the validator’s wallet and What kind of reward will be given to the actor who reports?
Just yesterday been 15th you announced a new partnership., This time with E11 even investment. Who are E11 even investment and what are their services like? On what basis is your partnership with them? What are the ultimate achievement that you aim to reach thorough this partnership? Can you explain the extent of your collaboration with them? Do you plan to integrate their service deliverables into 5ire chain?
Within 5irechain, Judgements are said to be carried out by registrars while the validators are required to pay judgement fees to registrars for either an identity judgement or an audit judgement. What is the difference between identity judgement and an audit judgement within 5irechain? How much is the judgement fees validators are expected to pay to registrars in 5irechain for these two mentioned types of Judgements. Also, the notion of confidence levels was introduced to ensure transparency in the process, what are these confidence levels and How has confidence level aided in achieving this said transparency?
I read from article that 5ire Chain as supporting the 17 Sustainable Development Goals SDGs,are also making plan to support some Ukrainians who are displaced from their homes and left out in the open due to the Russian’s Invasion.So can you tell us how true is this information?Are you really making out plans to support these ones?If yes,how can community members be part of it?Which regions are you also targeting to eradicate poverty and are the processes you have established for the preservation of our environment?Thanks
Having the universities in mind. 5ire chain wants to support institutions of higher learning to manage records of students identity and also to integrate their coursework in blockchain technology,helping these institutions to stay-up-to-date, relevant and transparent. As this may sound as an excellent idea, it is yet another thing to make these institutions come to terms and understand the idea and advantages of blockchain technology mostly in so many lands where blockchain technology has not gotten. So how does 5ire plan of reaching out to these institutions? What benefits do you stand to derive with innovation? To what extent have you gone implementing this innovation? So far so good how many institutions have you been able to support?
Security is one of the fundamental aspect of any project and the requirement to incure users into investing on the project. You have mentioned that not only is doing good built on your code of 5ire chain but that 5ire Chain is secure, efficient and highly scalable. Can you then talk about the security aspects of your project? What measures have you put in place to counter cyber attacks? Have you subjected your protocol to bug hunting or external scrutiny by audit firms in order to enhance the confidence of investors and users?
5irechain is a fifth-generation blockchain that aims to bring a paradigm shift from a for-profit to a for-benefit. Can you highlight some of the unique features that will attract users and investors to your project and keep them for a Long term? What are your revenue models? How will you generate revenue / profit ? What are your short and long term goal for this project this year and beyond? Lastly I will like to ask Can you tell us about the security system of 5ire chain? What have you done to ensure that funds of investors are safe and secure?
I read from an article of yours that 5irechain uses SPoS, a new consensus protocol. SPoS is a multifactor consensus protocol where a node is assigned weights based on Stake, Reliability,randomised voting, sustainability score (Environmental, Social & Governance) and previous nomination. Can you share more details about how this SPoS mechanism works? What are the advantages of the SPoS consensus protocol over other protocols ? What are the Features of the SPoS consensus protocol? What are these nodes and How will the weight be assigned to the nodes?
In an unprecedented sprint, just months after successfully closing an oversubscribed seed round of $21 million, 5ire raised $100 million from GEM Global Yield LLC SCS (GGY) leading up to filing for an IPO. How will this funds be used to impact the world? Do you plan on doing more fund raising ? Btw your partnership with GEM seem amazing, How long have you been partners and what are the advantages of this partnership? Can you share with us some of your achievements so far with your strategic partners?
5ire mission to become a blockchain ecosystem for the 5th industrial revolution, where self-sovereign decentralized organizations are empowered & incentivized toward accelerating the implementation of the United Nations 2030 Agenda for Sustainable Development is worth respect and commitment. Please tell us more on how 5ire manages to implement the main elements of UN 2030 Agenda into blockchain. What outputs has it already made on your customers and what do you expect to see more in near future? What is the most important for me here is the social sustainability and 5ire solutions to reach it.
5ire values community, accountability, innovation, transparency, and a shared sense of purpose. Could you explain why in fifth-generation blockchain that is bringing a paradigm shift from a for-profit to a for-benefit economy you need a consensus mechanism? I also know that 5ire proof of stake consensus mechanism is a multi-factor consensus protocol. Could you explain why? Thanks!
With emphasis on the 5ire token especially allocation and sales (public and private), I discovered that 5ire Chain has set a presale hardcap (HC) at 20 Million, in addition to a previously conducted Angel round which had a 760k allocation. Can you briefly comment on these funding rounds, what are their current status, and has 5ire Chain been able to meet the specified investor allocations and HC? Also, from recent conversations on your official telegram group, I noticed that March 29th 2022, has been set aside for the launch of the 5IRE token, to be closely followed by listing on Gate.io. Judging from the economic importance of this event to all parties, can you walk us through the plans and timelines for this, what would be the listing price and how much tokens are allocated for this event?
5ire, being an SDG-centred sustainability blockchain, is focused on solving or improving the processes that impact achieving sustainable development goals. In this effort, 5ire is collaborating with many agrarian economies worldwide to solve problems around food security and sustainable agriculture. I would like to know the various strategies that 5ire has on ground to achieve this Fit. What advancement have 5ire made so far to address this problem of food security and sustainable agriculture? Which organization(s) in the agriculture field have you partnered with so far?
Blockchain has significant amount of utilities over several fields. However, despite technological and economic advances, blockchain ecosystems are wrapped in a for-profit paradigm where the human factor is missing. 5ire aims at solving this problem by bringing a shift in paradigm from a for-profit to a for-benefit paradigm. Can tell us about the various strategies/innovations/policies that 5ire chain will employ to achieve this fit? You mentioned that 5ire chain will be making use of a proof of fire consensus mechanism and reward distribution engine. Please can you give us an insight on this? What is the proof of fire consensus mechanism and what advantages does it hold over PoS, PoW and DPoS that we currently know?
This question is regarding your assignment of weights. Your weight for stake is 50% whereas there is a weight of 20% each for randomised voting and sustainability score, 10% for reliability score, and -2% for previous nomination. It is true that a node having higher stake should get the higher priority, but do you believe that users should only focus on stake when selecting a node? Which type of facts did you consider when determining these percentages? Are they fixed or may be changed in the future?
One of your amazing features is the “Multisignature”. As per my knowledge, it is a feature which allows to use multiple keys to sign in to an account. How does this concept work on 5ire platform? In some instances, signing in process becomes hectic due to several captchas, passwords, and addresses. When allowing this feature, how do you assure a pleasant user experience on 5ire? If one key is misplaced, is there a user-friendly and convenient method to retrieve it? Does this “Multisignature” feature work as an anti-bot mechanism too?
From blog publications on 5ire Chain, I came across an interesting piece which highlighted the unique way 5ire’s addresses the issue of scalability the use of different transaction pools. Though most 3rd generation chains and dApps have adopted such efficient and conventional approach just like 5ire, but can you briefly identify what novel features and tech makes 5ire’e transactions pools unique, how does it limit issues that might arise from congestion and transaction overlaps? Also, since its a long-term goal to continuously improve and deliver on tech and services, may we know your concerted effort to expand such innovation across all DeFi genres, and how will you make these tools easily accessible and useful to developers?
You have highlighted three security features of 5ire, Quantum Resistance, Homomorphic Encryption, and Hardware Root of Trust. Can you briefly describe about each feature? To use your platform, should users have a broad knowledge on these features? There may be newbies who are interested in your concept. Is it risky to invest their funds without knowing about any of these?
I heard that you had conducted an airdrop event only for Ukrainians on 1st of march to 12th of March. Was It due to the War between Russia & Ukrain? If you don’t mind, Could you please elaborate some details regarding that airdrop? How many 5IRE Tokens did you allocate for the airdrop & How many winners were there? Will there be more airdrop events in future like this?
You have mentioned that 5ire platform raised $21 million in their seed round & $100 million from GGY (GEM Global Yield SSC) in your medium article. Is it true? Can you give more details about these fundraisings? So, 5ire platform has a some good capital. What will you do with that fund? Do you use them for marketing & technical improvements? However, Every project do thier own community rounds for their retail investors. When will your IDO or Public Sale take place?
I would like to learn about 5ire governance mechanism which has involved with publicly submitted proposals & Council-based proposals. What are them & How will they implement within the 5ire ecosystem? If a user wants to become a council memeber how many $5IRE tokens should he own? What will be the most powerful proposal method, is it Publicly submitted proposal or Council-based proposal? Finally tell us, will there be a ownership renouncement within your project when you establish completely?
Even in developed countries, it’ll be hard to believe how antiquated real estate transactions are. The system for recording and transferring ownership of real property remains a system of paper-based formality and steeped bureaucracy like the bygone era. 5irechain aims to solve this major problem associated with the ownership of real estate properties. I would like to know how property owners can get started on 5irechain..How would 5irechain address the issue of title searches and paper shuffling? Also we know that governmental organizations have a say in property ownership..Will 5ire chain also put this into consideration?
How does 5ireChain act as a bridge to facilitate the change of the world from the fourth industrial revolution, centered on AI and technological advances, to the fifth industrial revolution, centered on human-centered design and sustainable development? Can you explain that to us? I would like to know, how is this 5th generation blockchain going to enable the paradigm shift from for-profit business models to for-profit business models, with sustainability and social impact ranking deeply embedded in the logic of time? of execution of 5ireChain?
How does 5ireChain ensure that the consensus process can be executed in a sustainable way? How do they achieve the goal of greatly incentivizing the activities carried out on 5ireChain to align with the United Nations Sustainable Development Goals? And how does it take a big step towards the integration and interoperability of blockchains? What is this not going to provide? I would like to know, how is 5ire going to forge a strategic path for interoperability between off-chain digital legacy systems and government infrastructures powered by blockchain technology using 5ireChain as a framework to facilitate decision-making?
5ireChain use cases are versatile, between these use cases in verticals as varied as e-government, DeFi, how can it be used even in the enhanced reality of a Metaverse? And furthermore, how will you succeed in ushering in a paradigm shift away from a profit-driven economy. and towards one driven by profits? It’s my understanding that 5ireChain is a sustainability-focused blockchain that uses reputation-based methods to improve security, I’d love to know a bit more. Thanks!
I discovered that your vision is to impact the lives of 1 billion people positively,so firstly how would you realize this vision into action as we know that billion of people is much to deal with? Do you plan to collaborate with some great platforms to help you funded in touching this billion people? Could you tell us specifically how would you bring impact to the lives of billion of people? In what way would you help and touch those people’s live? As we have more population in the world,what area or country is given the most priority in 5ire network? Thank you
Without proper marketing & capital infusion,the project dies,how do you convince us that your project has adequate marketing power and capital to push this project to the top?What all partnerships or marketing initiatives are you working to help build awareness for your platform?
On moving forward through your roadmap, what are your most important next priorities? Does your team have enough fundamental (Funds, Community, etc) to achieve those milestones?
Protecting users data, privacy & funds has become a glaring problem that many companies/projects must face in their development phase. Can you explain a bit about the security architecture of your project against hacks and other form of vulnerabilities?
Almost every investor holds the token for the short-term without understanding the long-term value. So, how can you ensure for us that holding 5IRE token is more beneficial for long-term and what is your plan to increase the demand and scarcity of 5IRE token?
What is 5IRE top priorities in 2022 ? Could you share some plans for the upcoming year? Which part of 5IRE project are you most focused on right now?
I believe this is a partnership, I want to know the role this partnership will play in the growth of 5irechain as a project i.e what 5irechain and its investors stand to gain with this partnership.
How does 5irechain hope to implement a staking mechanism, will it launch its own dex or will there be a partnership between other dexes on the chain or outside the chain? Because staking is a way to making investors hold long term in this cryptocurrency space and I believe that’s what we all want.
Your whitepaper is very detailed yet hard for regular user like me to understand.
Can you please help and briefly explain to me what are the uses of PoD and PoB?
Most of us here know about Proof of Stake system.
However your whitepaper mentions the use of Nominated Proof of Stake system (NPoS).
How is this different from the regular PoS and what are the benefits of this system?
You have huge vision of shifting the paradigm of “for profit” to “for benefit”.
Can you briefly tell us how do you plan to achieve this? and how long do you think it will take for this paradigm to be accepted and adopted by the blockchain community?
What is “atomic swap pallets” in 5ire system? How it is going to help its users?
The 5ire platform addresses the scalability issue by using different transaction pools, existing blockchains use a single transaction pool where all transactions are stored with each node, 5ire distributes transactions based on wallet addresses , and each group of transactions serves unique addresses. So how does 5ire benefit investors and users by processing their transactions on this platform and would this increase the speed of transactions?
I read on the web that 5ire is a 5th generation blockchain with the main goal of creating a user-centric, sustainability-driven ecosystem. What is the main function of the 5ire blockchain? And what associations are participating in this project?
Hi 5ire Chain
Simple question :
How to explain 5ire chain to old people and kids who do not even know what blockchain is ?
Thanks
The launch price of 5ire token will be $0.2. Isn’t it too high as its market cap would be $250m at launch?
Is it when your token is launched directly on your own network? Or on the ETH network? and can we claim our token at the same time to save fees?
The Advantages of blockchain technology are transparency and security. How do 5ireChain take advantage of blockchain to develop Ecosystem, Apps, dApps,.. to bring fairness for uers?
5ireChain is blockchian. So, Please share key performance indicators of the chain, such as the Number of blocks per second, time to completion of a transaction, transaction speed, cost per transaction, or something else? Can you compete with other blockchain?
5ireChain intends to be the leading blockchain ecosystem to solve sustainability issues with its core technology. What are the problems and what is your technology?