FireFi March R & D update
Hello, everyone. Dozens of communities have joined the DEFI bandwagon. We have been looking at the balance of the FFI income-output economic model, and we have done a lot of work within the technology team, trying to get miners, communities, and investors in a long-term win-win situation in the FIREFI ecosystem. So far, Firefi is doing well, and the number of new participants in the community is growing rapidly. We’ve also received feedback and suggestions from community volunteers. New products and operations are being pushed forward, and future adjustments will be made in the following areas:
Online exchanges promote free trade in FFI
FFI is the only currency of the FIREFI ecosystem, and its value comes from the value of FIREFI itself, not from the inflated value of liquid mining. We understand that FFI users have a large number of free trade demand, over-the-counter transactions active, but at the same time there are certain risks, we want to flow through the process of normalization, online centralisation and de-centralisation of the exchange. UNISWAP/SUSHISWAP transaction fees are too high, not conducive to the normal flow of FFI transactions. Currently, the central exchange is the target, and a number of exchanges are in discussions with the online exchange. When the time comes, it will be deployed to the HECO/BSC main network.
FIREDAO community governance R & D testing
Decentralization is the foundation of security and consensus. In the early days of FIREFI, the technology community was responsible for research and development. In the coming days, the community will be able to manage FireFi, launch its latest product, firedao, and have FFI holders vote on all major decisions, these include New Deal pairs/markets, adjustments to economic models, changes to pool parameters to increase/decrease block rewards and time, and upgrades to systems where community members’votes can determine any changes in parameters, to help the community reach a common goal.
Expanding new communities and building consensus
FIREFI currently has more than 30 online and offline communities, with more than 2,100 Twitter users and more than 15,000 telegraph users. The asia-pacific community is a very important community in a rapidly growing global community with many new users every day, we’d love to hear more from the community on how to implement FIREFI’s updates. The recent engagement of the European Community with the technology community, which will host a number of off-line meetings locally, is expected to generate additional user growth.
Firefi updates, White Paper Visions realized, community rewards offered
FIREFI technology will do its best to provide the community with safe and reliable products, open and transparent data support, more publicity materials, recent white paper changes, major product framework updates, and community posters, and offering incentives to communities that have made significant contributions, hoping to engage with the community in building FIREFI consensus, giving back to the community’s users and investors.