Jul 14 to Jul 21

5ireChain AMA

AMA
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What is 5ireChain?

5ireChain is a tier 1 high-performance distributed computing platform with lavish runtime functionalities oriented towards sustainability at the consensus level.

5ireChain is a blockchain ecosystem that brings sustainability, technology & innovation to build the 5th industrial revolution by ensuring that the activities which are aligned with the UN 17 Sustainable Development Goals either on-chain or in the real world are highly incentivized. Hence, actions in the 5ireChain adhere to the philosophy of 5th Industrial Revolution, creating a net positive impact on the planet.

They want to work towards empowering more than 1billion+ people to create businesses that act as force for good and help create a more sustainable and greener world.

5ireChain is a fifth-generation blockchain that aims to bring a paradigm shift from a for-profit to a for-benefit economy.

5ireChain wants to

• Embed the for-benefit paradigm at the heart of blockchain
• Highly incentivize practices that align with the UN SDGs
• Facilitate the transition from 4IR to 5IR
• Accelerate the implementation of the UN 2030 Agenda for Sustainable Development

The Problem

• Ever-rising climatic conditions and environmental damage
• Blockchains & Cryptocurrency not sustainable
• Businesses not acting as a force for good
• Blockchain innovation has focused on financial applications
• Profits & Purpose don’t co-exist

Solution

• First ecosystem to tackle blockchain sustainability at its core
• Enabling teams to build solutions for a sustainable & decentralized future
• Aims to become an ecosystem that focuses on positive impact
• Invites individuals and projects on top of 5ireChain to adopt this vision

Target Market

• The market size of Blockchain — $60 Billion USD by 2024
• The market size of UN SDGs — $2 Trillion USD by 2030

Competition

With regards to its open-source or corporate competitors, 5ireChain is superior in the following ways:

• Stronger security guarantee
• Sustainability by design
• First movers in the market
• More Decentralised
• Better Governance & Democracy
• Easier Upgradeability
• Faster Transaction Speed

AMA Details

Ask any questions about 5ireChain, the authors of the best questions have a chance to win money prizes from 5ireChain.

The event is about to begin
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Questions and answers

Alexey_Drozd asks
What is the target market of the project?
+70 USDT
The Team answers
Target Market:

* The market size of Blockchain - $60 Billion USD by 2024
* The market size of UN SDGs - $2 Trillion USD by 2030
Sokolova99 asks
How to become a validator in your platform?
+70 USDT
The Team answers
To become a validator with 5ire, please reach out to us at validators@5ire.org

For more information, refer to: https://assets.website-files.com/6217c768b8b19637dc690fd8/62de099de724d725875fe573_5ire_Validators_pdf.pdf

OR

Fill the form here: https://www.5ire.org/become-a-validator
LoveCrypto asks
Do you have a Russian channel announcement?
+70 USDT
The Team answers
We absolutely do! Here you go: t.me/firechainrussia
Puchkov93 asks
What are the main advantages of the fifth generation blockchain?
+70 USDT
The Team answers
The 5th Industrial Revolution (5IR) is where humanism, civility, inclusivity, creativity, and purpose will thrive alongside profit and digitally-enabled progress. 5ireChain is a fifth-generation blockchain that aims to bring a paradigm shift from a for-profit to a for-benefit economy.

In contrast to trends in the Fourth Industrial Revolution toward dehumanization, technology, and innovation, best practices need to be bent back toward the service of humanity. As organizations and society look beyond the 4IR, we need to make "conscious choices" to ensure we create a place where profits, purpose, and people can thrive together.

Organizations must remain profitable to fulfill their purpose and invest in growth and their people. For us to move confidently as a collective beyond the 4IR, it is time to integrate purpose and unlock latent human potential by connecting individuals' purpose and passions to a shared vision, and foster a community of action - and this is where 5ire comes in.

Actions in the 5ireChain adhere to the philosophy of 5IR, creating a net positive impact on the planet.

5ireChain, is on a mission to change the world — for the better. It is the first blockchain ecosystem that caters to the never-before solved problem of sustainability, and create a platform to leapfrog from the current Industry 4.0 to Industry 5.0 - where businesses act as a force for good; and profits & benefits co-exist.
richbefore30 asks
The idea of project is really unique and incredible, how did this idea come about?
+70 USDT
The Team answers
There are various problems the technology still faces despite technological advancements. 5ire wants to address these problems and proposes a solution at the core of blockchain.

> Like ever-rising climatic conditions and environmental damage
> Blockchains & Cryptocurrency not being sustainable.
> We want businesses to act as a force for good.
> Profits & Purpose don’t co-exist.

In contrast to trends in the Fourth Industrial Revolution toward de-humanization, technology, and innovation, best practices need to be bent back toward the service of humanity. As organizations and society look beyond the 4IR, we need to make "conscious choices" to ensure we create a place where profits, purpose, and people can thrive together.

Organizations must remain profitable to fulfill their purpose and invest in growth and their people. For us to move confidently as a collective beyond the 4IR, it is time to integrate purpose and unlock latent human potential by connecting individuals' purpose and passions to a shared vision, and fostering a community of action - and this is where 5ire comes in.

5ireChain is on a mission to change the world. It is the first blockchain ecosystem that caters to the never-before solved problem of sustainability, and creates a platform to leapfrog from the current Industry 4.0 to Industry 5.0 - where businesses act as a force for good; and profits & benefits co-exist.

We want to work towards empowering more than 1 billion+ people to create businesses that act as a force for good and help create a more sustainable and greener world.

In a world where sustainable businesses are becoming more and more profitable than non sustainable businesses, we want to be prepared for the tipping point where the former takes over the latter.

Years down the line, we want to be the default blockchain people build on when it comes to sustainability in the crypto space.

In a world where sustainable businesses are becoming more and more profitable than non sustainable businesses, we want to be prepared for the tipping point where the formers take over the latter.

Years down the line, we want to be the default blockchain people build on when it comes to sustainability in the crypto space.

5ireChain intends to be the leading blockchain ecosystem to solve sustainability issues with its core technology, “Proof of 5ire”, which integrates sustainability & social impact at the consensus mechanism level by economically rewarding companies for their sustainable practices. Thereby, leading the 5th Industrial Revolution where bringing sustainability and support for the 17 Sustainable Development Goals (SDGs) is more profitable than acting against this paradigm. Thus achieving and motivating sustainable actions, by design.

Follow our telegram to be a part of the conversation: t.me/OfficialFireChain
user262918 asks
How does 5ire work as a utility token for the network? How does it benefit for both the network and the owner. Is there any reward mechanism for holding your token? What are the benefit for holding it long term?
+70 USDT
The Team answers
It is not just a utility token but an ecosystem of blockchain solutions that organically grow to become a multi-chain realm for building the 5th industrial revolution, investors are assured of their inclusivity in the ecosystem by getting rewarded for each active participation they provide to the ecosystem, while Proof of 5ire assure to reward validators nodes based on their sustainability best practices.

The 5IRE utility token serves as a central unit of staking and exchange. These tokens are used for governance, staking, and other network utilities.

Economics: 5ireChain will mint or burn tokens to fund the treasury, control the inflation rate, or reward the nodes that run the consensus protocol.

Staking: Tokens will be used to incentivize validators and nominators, based on the Nominated Proof-of-Stake reward distribution mechanism.

Slashing: Tokens also play a role in the slashing protocols designed to disincentivize attacks or adversarial behaviors.

Incentivized distributed data storage (IPFS): 5ire tokens are used in the incentive mechanism of nodes, as per data storage.

Incentivized data exchange & analytics: 5ire network provides data exchange and pricing marketplaces for data providers & consumers.

By holding the tokens you can participate in governance decisions, including proposals, voting, and bonding. It can also serve as an electronic payment system.
user611518 asks
Can you let us about the competitive advantages does 5ireChain has over other projects? Where we can buy tokens?
+70 USDT
The Team answers
5ireChain is the first truly sustainability-driven platform that incentivises enterprises to be more sustainable & innovative, just by making the world a better place. Actions in the 5ireChain adhere to the philosophy of 5IR, creating a net positive impact on the planet.
With regards to its open-source or corporate competitors, 5ireChain is superior in the following ways :-

* Stronger security guarantee
* Sustainability by design
* First movers in the market
* More Decentralised
* Better Governance & Democracy
* Easier Upgradeability
* Faster Transaction Speed

5ire envisions a future where the ecosystem is restructured as sovereign heterogeneous shards of a global network of connected chains --achieving true horizontal and vertical scalability that single chains can never achieve. It assures openness, unity of purpose, and inclusivity. Thus, shaping the ethics of business and collaborations toward sustainability while providing a cross-chain environment, plus advanced governance & rewarding mechanisms

Some features that set us apart:-

Assets
Allows anyone to create their own standard fungible and non-fungible tokens.

Multisignature
Allows multi-custodial account creation.

Atomic Swap
Allows anyone to swap asset tokens within 5ireChain and its supported ecosystem.

Unique Naming Service
Allows anyone to create a unique human-readable domain name.

And many other distinctive features, plus more and more incoming!

Find out more here: https://www.5ire.org/documentation
RJM500 asks
Can you imagine more sophisticated data aggregation with, for example, machine learning predictions, routing algorithms (can be cross-chain), etc. for maximum return strategies? What would be the best place to start contributing for someone with a background in scientific computing who wants to contribute to the ecosystem/Network?
RJM500 asks
What steps could 5ireChain take to achieve a better connection between the community and the protocol through the token? That is, how could the 5ireChain delegates and the community improve so that everyone feels more aligned to achieve the vision and mission?
RJM500 asks
According to security of Network... If a node is vulnerable to security, would it create potential points of vulnerability for the entire network in 5ireChain? If so, how can a delegator detect a good potential for a validator based on security standards?
RJM500 asks
For the community in general, would you like to tell us if 5ireChain can run Validation NODES? If so, who can run a NODE and how do you guarantee the security and efficiency of your NODE to people without programming and cryptography knowledge?
RJM500 asks
Can you tell us if 5ireChain chooses validators to work with NODES? If so, how will 5ireChain encourage more validators to join and how will it ensure delegators are fairly distributed and not just chasing prices, high returns?
dustydward asks
Since 5ireChain is a Blockchain Project with a Proof of 5ire based Consensus. How will you EMPOWER the Builders and Developers that wants to build on 5ireChain? Do you have INCUBATION or FUNDING programs for potential , startup projects that wants to join the 5ireChain Ecosystem?
user452159 asks
All actions at 5ireChain adhere to the 5IR philosophy, creating a net positive impact on the planet. So, explain what the 5IR philosophy is and how it affects the development of your smart chain? Why companies should select their chain and the philosophy on which it is based?
vodichka asks
Are you going to form partnerships with someone else in the near future?
vodichka asks
How can I get your coin? Do you have plans for staking?
vodichka asks
How are your coins distributed? I didn't find any information about it.
pivasik asks
How do you rate your partners? What can you say about them?
pivasik asks
How do you rate your project relative to others? How competitive do you consider yourself?
pivasik asks
How do you view your influence in 5IR?
user498159 asks
What is the number #1 priority for 5ireChain in the next 6 months?
milhees101 asks
Many projects promise a long-term plan, big mission and great success in future but never release any working product or revenue. What makes your project diferent with these projects? Could you share some big achievements that you get in 2022?
remotio asks
Unfortunately, real decentralization has never been achieved, due to the uneven distribution of all participants. How do you assess the degree of your decentralization? Is there a distribution map of network participants?
remotio asks
How to become a 5ire network validator? What requirements must be met for the deployment of equipment and its characteristics. It is also possible there is a white list of participants, how to get into it?
Alena asks
How is the weight of the validator in the network determined? Do they have the same priority, or are they evaluated differently
Alena asks
I don’t quite understand how Proof of Stake (POS) mechanisms differ from SPOS, which is presented in your documentation. Tell if possible
Alena asks
Where is your company registered? Will sanctions be directed from your side towards the population of Russia? For example, if the validation servers are located in my country
MyDadInsaid asks
I am also interested in the general supply of coins and their distribution, for some reason the white paper is not available on your website, thanks, I'm waiting for an answer.
MyDadInsaid asks
When will your own coin appear? https://coinmarketcap.com/en/currencies/5ire/ There is no information here, how can I buy a coin?
MyDadInsaid asks
How are you going to overtake other projects in terms of performance and popularity?
user646837 asks
Which partnerships have helped you the most and how?
user646837 asks
What are your plans for the next six months, what are you focused on at the moment?
user646837 asks
Tell us a little about the members of your project, who are they and what progress have they made so far?
user425481 asks
What is the most important feature and competitive advantage that distinguishes your project from others?
user425481 asks
What are your future marketing plans? Will there be listings, advertising, or some other strategy to raise interest and activity in the near future?
user532362 asks
Many projects and even exchanges fail due to poor security and subsequent contract hacks. Is your project protected enough to prevent this from happening?
user532362 asks
Name a few features of the project that, in your opinion, are the most important and should attract people to you.
user532362 asks
Good afternoon, what are your further plans for development and what major announcements await us in the near future?
VoxelSniper asks
What do you think about the market at the moment, will 5ire be able to overcome this period? What actions are you taking to maintain stability, because the value of all coins is falling and this leads to an outflow of funds
VoxelSniper asks
Do you have passive income conditions? Mining liquidity for example or maybe something else
VoxelSniper asks
Has your project previously offered pre-sales to investors? What was the presale price for them?
Artem53 asks
How do you rate the performance of mainnet compared to eth mainnet, bsc, sol, etc. Do you outperform them?
Artem53 asks
What are the conditions for node validation? What rewards do 5ire node validators receive?
Bokern asks
Your partners list Huawei, tell us what this partnership is based on and will your technology be applicable to them?
cryptoelish asks
What good can bring to the community through 5ireChain? What are the future plans?
RJM500 asks
What "Educational Methods" do you use within 5ireChain so that the information provided is really learned by users who are just starting out in the world of cryptocurrencies? I think that's good to know
RJM500 asks
Is 5ireChain friendly for a person without knowledge of technology or cryptocurrencies? How do you guide a person without cryptographic knowledge to use the platform?
RJM500 asks
5ireChain Accept Donations? In other words, do you have a program to receive donations or to give donations to charities? If so, what funds do you have in mind for these charities, are the funds kept in an exclusive wallet for donations?
vodlar asks
Why did you deprecate the option to import an account with a hexadecimal private key?
vodlar asks
Is it possible to report a phishing website by alerting other users?
polakevick asks
How does verification of the signature by the passed address work?
polakevick asks
What are your ways to protect against third-party interference in the work process?
polakevick asks
How are addresses verified?
user521765 asks
Thanks for the steady update, but I would like to hodl, perhaps stake. But I don't know if this is possible
IpanFtr2 asks
What triggers you to launch 5ireChain ? What are some of the real-world problems/ pain points that 5ireChain aims to solve?
user110271 asks
I'm curious about your strategy for bringing users from all around the world to your platform, both crypto and non-crypto users. Are there any geographical or legal restrictions on using your project right now?.Could you tell us about the background and experience of 5firechain ? development team? How will they carry out your project during this current pandemic?
polak asks
What hashing algorithms are used on your system? What is the rationale for their choice?
polak asks
Are there plans to support more operating systems in the future?
kitaec asks
How many people on your team are involved with github?
kitaec asks
Is there any testnet for checks?
kfvx asks
Is there any way to check if the node is working?
kfvx asks
Is it possible to sign transactions offline?
kfvx asks
What initiatives currently require immediate attention?
sakitcok5555 asks
If in the competency there is 1 problem that is quite large and takes a long time to fix it, will the improvement process affect all aspects of the other competencies? and will it have a negative impact on the ecosystem?
omutslavik asks
It is advisable to have a specialized wallet with storage and staking
user805422 asks
Safety and security are always the most important issues. How will the team resolve if there is an unfortunate security problem? Has the team thought of a workaround for this problem?
kakjiro asks
What initiatives currently require immediate attention?
kakjiro asks
How is the stability score for nodes formed?
konterkort asks
The PoS algorithm penalizes all nodes that voted for a fraudulent node, even punishing a random node, but in doing so, you have changed the system so that it will be almost impossible. Have there been changes regarding the punishment of a random node that got into a collusion?
prosto_igrok asks
How exactly is the reliability score formed? Under what condition will it be 5/10?
prosto_igrok asks
How does reliability score affect a block?
MdTutul2013 asks
Is it a multichain project?
ozkozan asks
What is the most ambitious goal of your project? What is the ultimate vision that Your project is trying to achieve within the cryptocurrencies market? I would appreciate it if you could share with us any Upcoming Updates?
Niger333 asks
Your colleagues, do you know them personally?
Niger333 asks
What measures are being taken to stimulate the development of the community and the project as a whole?
Niger333 asks
Has your network ever crashed?
jelet_magg asks
How many nodes does the network support?
jelet_magg asks
Did you have voice meetings with project participants?
jelet_magg asks
How much does it cost to transfer your coin on average?
Ghoss asks
What is the transaction speed of your coin?
Ghoss asks
How flexible is your project to changing market conditions?
Ghoss asks
What is your decentralization?
Crepton asks
Do you consider yourself a pioneer in the market?
Crepton asks
What is your sustainable design? What about design and environmental friendliness?
Crepton asks
What is your security guarantee?
Fastex asks
Who are your closest competitors?
Fastex asks
How are the UN and your project related?
Alexey_Drozd asks
Can my product become part of your ecosystem?
igorecha05 asks
"Randomized voting has a weight of 20%, which ensures that nodes with a smaller share can still be chosen to build a block" Doesn't this mean that "small" blocks chosen can lead to suboptimal block creation?
igorecha05 asks
Can the blockchain reach a 50/50 consensus decision that requires some other system to intervene?
user196803 asks
How is the architecture of the 5ire system arranged?
user196803 asks
Studying your tokenomics, only 5% is allocated to the team. What is the reason for such a small volume?
user642980 asks
When do you think the fifth industrial revolution will take place?
sergeeva9525 asks
Will you have your own NFT market?
Alexey_Drozd asks
Can my product become part of your ecosystem?
Alexey_Drozd asks
How can I be able to create solutions for a sustainable and decentralized future using your project?
Alexey_Drozd asks
How is your blockchain sustainability structured?
user893631 asks
Does your platform support mobile devices?
user174529 asks
Why did you choose this name (5ireChain) for your system?
Magic asks
In what way do you encourage practices in line with the UN SDGs?
user890262 asks
How do you plan to deal with environmental pollution?
user167807 asks
Does your platform support NFT tokens?
Magic asks
What does the principle of benefit at the heart of the blockchain include?
user337012 asks
Can I create my own tokens on your platform?
Magic asks
What is your goal to make the transition from 4IR to 5IR easier?
user951394 asks
How popular is your platform? Why haven`t I heard of it before?
BanThaMma asks
Do you intend to add any additional networks to your network, and if so, which ones?
user744261 asks
How many people work in your team? Can I find them on social networks?
BanThaMma asks
When will the next voice call with the team in the telegram?
user833659 asks
Why is sustainability so important to you?
user381482 asks
Do you have your own decentralized wallet?
Morozova2001 asks
Do you have your own token and how can I earn it?
Vlasova98 asks
Will it be easy for a beginner to understand your system?
Petrova1999 asks
How does your platform help fight climate change?
BanThaMma asks
What is TPM in your security system?
LoveCrypto asks
Can you show the latest weekly report?
LoveCrypto asks
What is 5ire Whitelist Giveaway?
Volkova1901 asks
How is your platform different from competitors, what is your uniqueness?
Sergeev98 asks
What does it take to become an investor?
Rebenkin98 asks
How secure is your platform? Can I be hacked?
Delnikov1992 asks
Who are your partners? Do they have a wide reputation in the cryptocurrency industry?
Gunkin1987 asks
What are you currently working on? What are your plans for the near future?
user642980 asks
The question concerns sustainability assessment. The table described the factors that will be taken to evaluate the sustainability assessment, whether the data proposed in the table can be compromised, which will subsequently cause an incorrect assessment. Is there any protection against these actions?
artiombespalov asks
What makes it environmentally friendly? What technologies are involved?
artiombespalov asks
What is the bandwidth of the blockchain? How many transactions per second can it process? How is this speed achieved?
artiombespalov asks
What technologies are you using to provide a stronger security guarantee? What is your security advantage over other blockchains?
user401213 asks
1. Currently, the market is quite gloomy, so in your opinion, what is special about your project to create success at the present time? 2. Can you share the achievements and goals that the project has achieved in Q1, Q2 and what are the key goals of Q3 from the project? - Community - Security - Optimize transaction speed - .... 3. Regarding marketing, what plans, ideas and next steps does " @5ireChain " project have to attract investors and users? Do you intend to leverage the popularity of social media to make " @5ireChain " Project even more popular?
user401213 asks
Regarding marketing, what plans, ideas and next steps does "@5ireChain" project have to attract investors and users? Do you intend to leverage the popularity of social media to make "@5ireChain" Project even more popular?
RJM500 asks
So, 5ireChain is also designed to function as an ONG or similar? if so, I would like what is that topic that motivated you to do such interesting and valuable work?
RJM500 asks
5ire Accept Donations? In other words, do you have a program to receive donations or to give donations to charities? If so, what funds do you have in mind for these charities, are the funds kept in an exclusive wallet for donations?
user377169 asks
What are the plans for storage nodes? A decentralized dropbox coming soon?
user262918 asks
Could you please tell us the strategy to attract new users, motivation and benefits for traders & investors to hold $5ire token for long-term? We’d love to hear more about the utility of the $5ire token?
SuperBigwin99 asks
I could realize that they have developed a mechanism called "Proof of 5ire" but I would like to know more about features of this mechanism? The possible benefits it will bring to your blockchain and to the development of your main goal long term sustainability?
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