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Firo confirms new block reward distribution plan, master nodes account for 70%
2024-09-02 00:12:48
Odaily News The privacy cryptocurrency project Firo has determined a new token issuance and block reward distribution plan through the community governance process. The new plan includes three main contents: 1. Fixed issuance of 6.25 FIRO per block until the total amount reaches 21.4 million; 2. After that, the tail issuance of 1 FIRO/block will be implemented; 3. The block reward distribution ratio is 70% for master nodes, 5% for miners, 15% for the development team, and 10% for the community. The Firo core team stated that no changes to the token economics will be proposed before the tail issuance is reached to ensure stability. These changes will take effect at block height 958655, and the team will release an emergency update soon.