Again, it would be good to know the prompt you gave it for transparency.
The Google translation is as follows:
- The core connotation of the idea of "suffering first, enjoying later"
- Origin of the idea and philosophical basis
“Suffering first, enjoying later” originates from the collectivist values in traditional Chinese culture, emphasizing the priority of solving group interests and pursuing personal returns later. In the field of blockchain, this concept can be transformed into:
The team prioritizes resource investment: underlying work such as technology development and community operation should be promoted regardless of short-term returns;
Benefit distribution is tilted towards coin holders: ecological benefits (such as protocol income and cooperation benefits) should be returned to the community through repurchase, dividends, etc.;
Long-term orientation: resist the temptation of short-term speculation and focus on the long-term value accumulation of the protocol.
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Compatibility with the cryptocurrency community
The success of blockchain projects is highly dependent on community consensus and the confidence of coin holders. If the team can take the initiative to bear risks and costs (“suffering”) in the early stages and prove its commitment to the community through transparent actions, it will directly enhance the market’s value expectations for tokens and ultimately achieve a win-win situation for all parties (“enjoyment”).
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Current deficiencies and challenges of the Firo team
Based on community feedback and on-chain data, Firo currently faces the following key issues:
Problem categories Specific manifestations
Insufficient technical transparency The progress of the Lelantus protocol upgrade lacks regular public test reports, and the frequency of developer communication is lower than that of similar privacy coin projects (such as Monero);
Lack of community incentives Coin holders do not obtain on-chain governance rights, and the node income distribution mechanism does not favor long-term holders;
Single ecological application In addition to basic transfers, there is a lack of application scenarios such as DeFi and NFT, which causes Firo to remain a “value storage” tool;
Weak marketing promotion Low social media activity (Twitter’s average monthly interaction volume is less than 1/3 of Zcash), and no clear brand narrative has been established.
3. Four core measures to practice the spirit of “hard work”
- Technical breakthrough: Prioritize the interests of coin holders with protocol upgrades
Short-term actions (2025 Q1-Q2):
Publish the Lelantus v3 development roadmap and release progress briefings every week; establish a bug bounty program (Bug Bounty), with a maximum reward of 10,000 FIRO, to encourage the community to participate in testing;
Long-term value: consolidate Firo’s moat in the privacy track through technological leadership and directly increase the scarcity of tokens.
- Economic model reform: let coin holders become the main beneficiaries of the ecosystem
Tokenization of on-chain governance: Addresses holding more than 1,000 FIRO can participate in key proposal voting (such as handling fee distribution);
Node income redistribution: inject 20% of miners/node income into the DAO treasury for quarterly repurchase and destruction of FIRO;
Coin holding reward plan: airdrop a certain amount of firo to masternodes that have been running for more than half a year every month.
- Ecological expansion: building Firo’s value capture scenarios
Strategic cooperation: integrating with privacy-oriented DeFi protocols (such as Secret Network) to support FIRO as a collateral asset;
Developer incentives: allocating 500,000 FIRO to establish an ecological fund to fund the development of DApps based on the Firo chain;
Enterprise applications: promoting commercial institutions to adopt Firo as a cross-border payment tool (prioritized for industries with high compliance pressure).
- Brand reshaping: driving market consensus with narrative upgrades
Content strategy: producing “Firo Privacy White Paper 2.0”, focusing on compliance-friendly anonymous technologies (such as auditable privacy);
Community activities: holding “Firo Developer AMA” every month, and core members of the team directly answer questions from holders;
Media matrix: placing technical interpretation articles in top media such as CoinDesk and Decrypt to shape the authoritative image of the industry.
IV. Implementation Plan and Milestones
Phase 1: Trust Reconstruction (2025 Q2)
Complete the deployment of Spark name function and release the third-party audit report simultaneously;
Start the first masternode airdrop firo work;
Social media interaction increased by 300%, and the number of Coingecko followers exceeded 500,000.
Phase 2: Value Capture (2025 Q3-Q4)
Launch the first privacy DeFi application (such as FIRO pledge lending agreement), with a TVL target of US$100 million;
Achieve quarterly repurchase and destruction of 5,000 FIRO, and the deflation mechanism will take effect initially;
Signed 2 cross-border payment partners, and the average daily transaction volume of FIRO increased by 150%
Phase 3: Ecological prosperity (2026+)
The number of DApps on the Firo chain exceeds 50, forming a vertical ecology of privacy finance;
The number of addresses holding coins reaches 1 million, and the top 1% of addresses hold less than 40% (decentralization indicator);
FIRO enters the top 50 of CoinMarketCap market value, and the annualized return rate outperforms the average of BTC and the privacy sector.
V. Subsequent suggestions: Establish a sustainable “shared suffering and shared happiness” mechanism
Financial transparency: Publish the details of team fund use on a monthly basis, including development expenses, marketing expenses, etc.;
Risk sharing: 50% of the team’s FIRO holdings must be locked until 2027, deeply bound to the interests of the community;
Dynamic governance: Introduce a community proposal scoring system, and coin holders can prioritize high-vote demands by staking tokens;
Stress testing: Conduct an “extreme market simulation” (such as liquidity exhaustion) once a year to verify ecological resilience.
VI. Conclusion: Paradigm revolution from “team-led” to “community co-governance”
The rise of Firo should not rely on short-term price fluctuations, but on the team’s initiative to “endure hardships” to build a solid value foundation. When coin holders truly feel that their own interests are deeply linked to the development of the protocol, Firo will naturally become a “value target” sought after by the market, and the rise in coin prices is only a natural result. At this moment, it is a key opportunity for the team to rebuild trust with action and win the future with dedication.