Well I personally think we’re already in a bear market 
Luckily we still have all the necessary peeps to deploy Spark and our code is in quite good shape. But it may mean slower development on Elysium v2. I personally hope that we are near the bottom.
3 Likes
Also if the proposal passes, perhaps the community can take ownership of several tasks like the community management etc or market making.
3 Likes
There should be experienced persons who can lead and make decisions. Relying on average Joes is not a good idea.
2 Likes
For technical issues I agree but community management is not rocket science
3 Likes
I think the worst has passed, we should see above U$ 10 soon
1 Like
It is very impressive that you keep all this talent with the current budget. Hope the crypto marked recovers and don’t fall too much. Personally I don’t think we really saw the peak of this cycle yet.
5 Likes
As price is below the USD3.80 mark the core team is operating at a slight deficit. We are therefore doing a donation drive!
If anyone wishes to donate to the core team to support our work here are our addresses:
ETH or USDT/BUSD/USDC: 0xea9acc8d5eb5471cc300d8c7ed4a0e656491bf56
BNB or USDT/BUSD/USDC: 0xea9acc8d5eb5471cc300d8c7ed4a0e656491bf56
Bitcoin: 1Drru91xhBUwjN2Y2PajqBea4T7coFuqRX
Bitcoin Cash: 1Drru91xhBUwjN2Y2PajqBea4T7coFuqRX
Firo: aPsmJmbA5PzWPwJNqUFVFZ8h3eupbmiFR9 (Keep track on FCS)
If you have donated 10 FIRO/50 USD or above, you can DM me with the TXID and we’ll put you in our whitelist for our upcoming NFT project Firo Foxes with a special exclusive trait.
2 Likes
I think you should provide more detailed and proved transaction about that expenses like screenshots and bill images to provide more transparency not just total numbers.
2 Likes
鲁本老大，真的很希望您能把您的工作重心移到维护市值和币值的上面来，这其实不是难题，只需要您能让资本来接受我们的Firo就行了，只要能达到这个目的，那怕就是牺牲相应的一些不很重要的东西也是值得的，您说呢?
1 Like
Do you have any ideas on how to do it because I specifically laid out realities on what it means to attract investment. It means to dilute you all.
Reality of exchange listings, attracting institutional investors and influencer marketing
3 Likes
Look, if you study the privacy sector over the last 6 years - they have all had the same direction in price, they are all roughly down the same percentage. THE ISSUE IS NOT WITH FIRO. And we also cannot compare ourselves with Monero, the first of something is always going to take majority of the market share. Firo is going the right path, everything is done right. Our time to shine will come one day. You just need some faith. Zcash is the 2nd highest privacy coin, if you invested at there all time high your investment would be on par with Firo. Right now, Firo is well oversold, if you beleive in the project now is the time to really accumulate
4 Likes
资本市场如果不能吸引到机构投资者，那么这个市场就是一潭无波浪的死水，用在Firo来说，当你的项目足够让更多的人认识和接触，在资本市场里成为有起有落的时候，才会招引来更多的机构投资者的关注和投资，像股票一样，能为他们带来财富，这些投资者能在里面不断的、年复一年的赚取利润，随着更多的持有者的加入，就能把这座Firo金山堆集起来作为他们的财富中的部分投资标的，而这前提就是要有机构投资者的参与，排在第一位的是支持机构投资者，其次多上交易所，至于影响者营销之说则应该是在市值上去了自然就有更多的人去宣传了。@鲁本
1 Like
what will be sacrificed? the market doesn’t look good
1 Like
I have terminated the following:
- Market making (though Hummingbot campaign still runs cause we committed to that already)
- Management (I no longer draw a salary so support is now just 3200 USD)
- Marketing & Partnerships (terminated)
I have paused:
- Research resources so that it’s now only 5k USD. There’s opportunity to restart it. This isn’t too bad since most of the hard research work is done.
- Community Managers
Right now to operate on a skeleton crew we need about
30k USD / month.
This will cover
- 3 developers to complete Spark
- 1 researcher to help advise on Spark stuff
- 2 general admin
- Infrastructure hosting
The reserve has been hit quite badly as mentioned it was used for market making and therefore portions of it were in BTC and FIRO. I’ll have to assess the damage but probably looking at 100k+ in reserves.
7 Likes
market is bad, brace yourselfs for the storm!
3 Likes
You know i’m always here to help with what i can. Since i have day work i can help with community (like telegram/discord) and testing…
2 Likes
We have received an extremely generous donation of USD130k total from Arcadia @rasikhmorani to the general core fund that ensure we will complete our goals in delivering Lelantus Spark.
We will continue to be very conservative with our expenditure and will be posting an updated report soon.
Once again thank you so much to Arcadia for supporting us so much.
19 Likes
That’s is amazing, congratulations! 
1 Like