TechFlow reports that privacy-focused cryptocurrency project Firo has finalized a new token issuance and block reward distribution proposal through its community governance process. The new plan consists of three main components:
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Issuing a fixed amount of 6.25 FIRO per block until the total supply reaches 21,400,000;
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Implementing a tail emission of 1 FIRO per block thereafter;
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Distributing block rewards as follows: 70% to masternodes, 5% to miners, 15% to the development team, and 10% to the community.
Firo uses a ranked choice voting system to more accurately reflect community sentiment. The new scheme will provide stronger incentives for masternode operators over the next four years while maintaining the hybrid PoW/masternode consensus mechanism.
The Firo core team has committed not to propose further changes to the tokenomics before reaching the tail emission phase, ensuring stability. These changes will take effect at block height 958,655, and the team will soon release an emergency update. Additionally, Firo plans to publish an updated roadmap in the coming weeks, including research on blockchain consensus models and initiatives to increase project visibility.
Earlier report, Firo's privacy protocol is scheduled for a halving in September this year, with ongoing discussions regarding block reward distribution and token economics.
