5ire

What is 5ire (5IRE)?

5ire is a blockchain network designed to support sustainable development goals through its unique Proof-of-Benefit consensus mechanism. It integrates environmental, social, and governance (ESG) criteria into its protocol to promote and reward sustainability within the blockchain ecosystem.

What Problem Does 5ire (5IRE) Solve?

5ire addresses:

• Sustainability: Promotes ESG initiatives and sustainable practices.
• Incentives: Rewards projects and participants that contribute positively to social and environmental goals.
• Decentralization: Supports a decentralized network with a focus on sustainability.

Why Does the Crypto Market Need 5ire (5IRE)?

5ire benefits the crypto market by:

• Promoting ESG Goals: Aligns blockchain technology with sustainability.
• Innovative Consensus Mechanism: Introduces Proof-of-Benefit to reward positive contributions.
• Attracting Ethical Investors: Appeals to investors focused on sustainable and ethical projects.

History & Achievements

5ire was launched to integrate sustainability into the blockchain ecosystem. It has gained attention for its unique approach to blockchain consensus and its commitment to ESG principles. The platform has been involved in several initiatives promoting sustainable development and ethical practices.

Who Created 5ire (5IRE)?

5ire was founded by Pratik Gauri, Prateek Dwivedi, and Vilma Mattila. These founders bring together expertise in blockchain technology, sustainable development, and entrepreneurship.

What Technology Does 5ire (5IRE) Use and How Does it Work?

5ire uses:

• Proof-of-Benefit (PoB): A unique consensus mechanism that rewards nodes based on their positive impact on sustainability.
• Blockchain Technology: Supports decentralized applications and transactions with a focus on ESG criteria.

What Affects 5ire (5IRE) Price?

Factors influencing 5IRE price:

• Market Sentiment: News and developments.
• Platform Adoption: Increased usage and integration.
• Technological Advancements: Upgrades and partnerships.
• Regulatory Changes: Cryptocurrency regulations.

How Many Tokens of 5ire (5IRE) Are in Circulation?

There are approximately 43,352,707 5IRE tokens in circulation out of a total supply of 1,500,000,000 tokens.

What is the Maximum Supply of 5ire (5IRE)?

The maximum supply of 5IRE tokens is capped at 1.5 billion tokens.

What is 5ire (5IRE) Utility?

5IRE tokens are used for:

• Transaction Fees: Within the 5ire network.
• Staking: To earn rewards and participate in governance.
• Governance: Voting on protocol upgrades and changes.

Tokenomics of 5ire (5IRE)

5ire’s tokenomics include:

• Staking and Rewards: For 5IRE holders.
• Incentives: User participation rewards.
• Supply Cap: 1.5 billion tokens.

What is the All-Time High and All-Time Low for 5ire (5IRE)?

• All-Time High: $0.467 on December 18, 2023
• All-Time Low: $0.02489 on July 1, 2024

Where to Buy 5ire (5IRE)?

5IRE tokens can be purchased on various major cryptocurrency exchanges, including:

• Bybit: The most active trading pair 5IRE/USDT.
• Gate.io
• MEXC

Who Invested in 5ire (5IRE) at an Early Stage?

Details on early-stage investors in 5ire are limited. The project has garnered interest from various investors focused on sustainability and ethical investing.

What Are the Revenue Streams of 5ire (5IRE)?

5ire’s revenue streams include:

• Transaction Fees: From transactions within the 5ire network.
• Staking Rewards: From staking 5IRE tokens.
• Partnerships and Collaborations: Revenue from collaborations with other projects focused on sustainability.