Review 5ireChain ($5IRE) – A blockchain ecosystem that brings forward Sustainability
5ireChain a fifth-generation blockchain, founded by serial impact entrepreneur Pratik Gauri, veteran internet marketer Prateek Dwivedi and a renowned Blockchain VC Vilma Mattila, 5ireChain (www.5ire.org) is a distributed high-performance computing network based on blockchain technology to enable SDG-related measurement, development, management & investment.
Concept project – What is 5ireChain?
5irechain is a fifth-generation blockchain that will bring a shift in paradigm from a for-profit to a for-benefit by embedding sustainability and social impact deep inside the project runtime logic, and ensuring that the activities which are aligned with the United Nations Sustainable Development Goals either on-chain or in the real world are highly incentivized with the cutting-edge multilayered Proof-Of-Fire consensus mechanism and reward distribution engine. All of this while assuring democracy between all the participants and governance for the purpose of bringing union and ensuring the longevity of the project’s sustainable vision.
The startup will revolve around the concepts of transparency, immutability, and verifiability in blockchain transactions, so the donors can feel secure and confident and add more and more value for the service of humanity.
What is the project trying to achieve?
5ire’s mission is to accelerate the implementation of the United Nations’ 2030 Agenda for Sustainable Development and align itself to create a platform to leapfrog from the current 4th Industrial Revolution to a 5th Industrial Revolution (aka Industry 5.0).
The goal of the project is to embed the for-benefit paradigm deeply inside the blockchain runtime logic thus ensuring that sustainability is how the agreed-upon consensus mechanism operates. Only by having this change at the core of the blockchain, can ensure that the upper logic and activity follow.
What is unique selling point?
5ire consists of an architectural framework with strong guarantees:
- Sustainability by design — 5ireChain’s main goal is to create a user-centric sustainability-driven ecosystem, and it is able to achieve this by having sustainability embedded inside the 5ireChain consensus mechanism and runtime logic. Thus, making sure that sustainable participation in the network or in the real world is highly incentivized.
- Security — The cutting-edge technology that is used to build 5ireChain plus the Nominated Proof-Of-Stake scheme allows 5ireChain to have strong security guarantees that other older blockchains lack.
- Transactional scalability — 5ireChain is able to achieve high transactional throughput and it enables the migration of real-world use cases that need high scalability promises on-chain.
- Governance and Democracy — Older blockchains have no governance procedures and this has led to chain maximalism. 5ireChain’s sophisticated and transparent governance mechanism allows everyone to democratically participate in the network and propose changes.
- Future-proof and Forkless upgradeability — By being a cutting-edge blockchain, based on WebAssembly, 5ireChain is able to upgrade its runtime logic without hard forking. These upgrades are enacted through 5ireChain’s governance mechanism.
- Interoperability — 5ireChain has the ability to interoperate with a variety of blockchains, enabling cross-blockchain transfers of any type of data through bridges.
- Token Name: 5ireChain
- Ticker: $5IRE
- Blockchain: BSC
- Token Standard: ERC20
- Contract: Updating…
- Token type: Utility
- Total Supply: Updating…
- Circulating Supply: Updating…
- Team – 5%
- Locked Liquidity – 9%
- Marketing – 11%
- Donor Advised Fund – 6.3%
- Advisors – 5%
- Influencers – 3%
- Reserve – 3%
- Treasury – 2%
- Foundation – 4%
- Future Growth until 2031 – 12%
- Staking/Community Mining – 20%
- Sale – 19%
Token release Schedule
5ireChain IDO Whitelist on DAOStarter
- Whitelist date: 6:00 am 20th of January 2022 UTC
- Whitelist closed: 3:00 am 26th of January 2022 UTC
- Sale date: 7:00 am 26th of January 2022 UTC
- Sale closed: 10:30 am 26th of January 2022 UTC
- USD$150,000 of $5IRE will be available through the IDO, totalling 750,000 tokens
- Min investment: $300
- Max investment: $1000
- IDO Type: FCFS
- IDO Price: $0.2
- Currencies: USDT
- Network: BSC
- Selected addresses for whitelist: 700
- Vesting Period: 20% TGE, 20% monthly
Token use case
How to own the token?
Buy 5IRE on DAOStarter Launchpad
Markets and Community
5ireChain has crossed the mark of 196,000 Followers on Twitter
5ire was founded by Global Impact Champions and Blockchain Pioneers. The team includes strategic management experts, blockchain research and development, seasoned developers and technical writers, software engineers, and legal practitioners. The founders of the platform have been featured on Forbes, NASDAQ, TED, and others.
Conclusion and analysis
5ireChain is focused on improving its sustainability rewards distribution, interoperability bridges, and identity management systems highlighting many building blocks that can be combined to further create tools and schemes that are going to make the shift from the fourth industrial revolution to the fifth.
Find more information about 5ireChain:
If you have any questions, comments, suggestions, or ideas about the project, please email [email protected].
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