Launching Firo liquidity mining campaign

Launching Firo liquidity mining campaign

Blog » Launching Firo liquidity mining campaign

Yingdan Liang

February 19, 2021 · 2 min read

liquidity mining

If Firo sounds new to you, Zcoin must be quite familiar. Among the first to adopt liquidity mining, Zcoin was one of our liquidity mining launch partners. Zcoin has rebranded to Firo with its new ticker FIRO. We are very excited that Firo is back to liquidity mining!

Now we are bringing you a new liquidity mining campaign for Firo on Binance.com with a total reward pool of US$10,000 in Firo tokens! The campaign will start on February 23, 2021 12:00 AM UTC.

About Firo

Firo (FIRO), formerly known as Zcoin (XZC), is a privacy focused cryptocurrency that utilizes zero-knowledge proofs which allows users to destroy coins and then redeem them later for brand new ones with no transaction history.

Its research created the Lelantus privacy protocol which supports high anonymity sets without requiring trusted setup and relying only on standard cryptographic assumptions. Firo also utilizes Dandelion++ to obscure the originating IP of transactions without relying on external services such as Tor/i2P. Firo developed and utilizes Merkle Tree Proofs (MTP) as its Proof-of-Work algorithm which aims to be memory hard with fast verification to encourage mining using commodity hardware. The blockchain is also further secured with LLMQ ChainLocks allowing instant finality of blocks and 51% attack protection.

Its blockchain was used in the Thai Democrat Party Elections in 2018 to elect its party leader with over 127,000+ votes cast nationwide making it the first wide-scale application of blockchain technology in a political election.

Campaign Terms²

  • Start date: February 23, 2021 12:00 AM UTC
  • Total reward pool*: ~US$10,000 in Firo for 4 weeks (week)
    • The 1st week: US$1,250 / week
    • The 2nd week: US$ 2,500 / week
    • The 3rd-4th weeks: US$3,125 / week
  • Reward token: Firo
  • Eligible token pairs:
    • FIRO/BTC
    • FIRO/USDT
    • FIRO/ETH
  • Eligible orders: maker orders placed with spreads of 2% or lower
  • Exchange: binance.com

Join the campaign: https://miner.hummingbot.io


*For full terms of the campaign, please see liquidity mining campaign terms.

To learn more about liquidity mining, see below:

Important notes and disclaimers

Please review the Liquidity Mining Policy for the full disclaimer, including policies related to the use of Hummingbot.

The content of this Site does not constitute investment, financial, legal, or tax advice: none of the information contained on this Site constitutes a recommendation, solicitation, or offer to buy or sell any digital assets, securities, options, or other financial instruments or other assets, or to provide any investment advice or service.

No guarantee of profit: CoinAlpha does not claim that liquidity mining and participation in liquidity mining campaigns will be profitable, however measured, for the user. Liquidity mining yields are a measure of rewards compared to assets used for liquidity mining, excluding any gains or losses incurred from the underlying trading strategy.

  1. Eligibility requirements: participation in liquidity mining is subject to eligibility requirements as specified in the liquidity mining policy.
  2. Campaign terms subject to change: terms may be modified over the course of the campaign. We will announce any changes, if any, on our discord and reddit; the most up to date terms will also be posted on the liquidity mining campaign terms and the miners app.

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