Firo is currently trading at $0.37 on Ascendex.
The masternodes number has barely dropped (by around 1% (4660 to 4621, in 1 day, not 2 hours).
Who could have so much Firos and want to sell them for four to seven times less than it was three to five months ago (between $2.80 and $2 from November 2024 to January 2025)?
Firo is in 1075° position at CMC (more than 200 places lost in less 2 hours).
Does anyone have any informations?
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Binance delisting:
https://www.binance.com/en/support/announcement/detail/fac9c3e401da4cc8b604566fd261d70c
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Thanks for the link.
In Europe, this delisting has already been in effect for several months (and even a year, since Firo was delisted and then reinstated): it’s the MICA regulation.
It seems that Europe doesn’t carry much weight.
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It’s more than MICA regulation… IMO, that was inevitable…
Binance is trying to show to all regulators (not only in Europe, but worldwide) that they are doing their best to fight against money laundering.
At some point, having privacy coins listed doesn’t make sense for them.
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At least now we can move on, panics, Fuds from delisting and montoring tag ish has held us back for too long. I believe this will be good for us long term.
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Nobody can enjoy being delisted from an exchange… It won’t be good on the long term…
But since it was inevitable, that’s it…
Anyway, FIRO is still working, has still utility, and is still listed on many other exchanges.
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Nobody is enjoying it but now we can focus on other things that’s all i’m saying.
The constant fear of getting delisted did more damages IMO.
Monero survived Binance delistings, with our community’s support i believe we can too.
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Exact
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Yes, I agree, and Binance’s delisting can be a good thing… provided we have one or more effective alternative solutions (for example, a high-performing DEX).
In the very short term, there is a problem with the Firo price and masternodes profitability: their number will likely decline sharply in the coming weeks. There must be enough motivated people left to maintain masternodes, which instead of generating a return, cost money.
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The core team will definitely activate a new plan once the volatility subsides
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A Firo Masternode costs me around 4 $ / month.
At the current price (0.35 after drop) and current MN count, I have an income of 6$ / month. I’m still ok…
And anyway this is how crypto works, as a price of token decrease, mining hashrate decrease, and MN count decrease… To reach at some point a fair balance for every participant.
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I can imagine only people on margin or insane people would sell at this price. And fact that Binance offered 12% APR on Earn hour ago (now still more than 10%), so they can borrow more to margin traders proves this.
If people will withdraw all Firo from Binance, they will not be able to give it to people who pushing price down by selling it for these ridiculous prices.
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This is the NodeHub.io price (and perhaps some little others), but they only have 500 masternodes (out of 4621).
I think most of the masternodes are still at AllNodes, at $10 per month: using your figures, each masternode loses $4 per month.
I fear the end of many masternodes.
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Yes, in current prices Allnodes is not profitable.
I guess Nodehub, Pecunia Platform and Allnodes may have most masternodes together.
Both Nodehub and Pecunia are around $3-4 a month. And if you self host, you can get VPS for around same price.
Yes of course this will happen in a “natural and straightforward” way…
As soon Masternode owners resign, and the number of Masternodes decreases, yield increases until every remaining MN owners are profitable again.
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Reducing the masternodes number will increase the profitability of those that remain by reducing the time between distributions, ok.
But the masternodes number must not be too low to preserve the Firo security: Reuben said on this forum that this number is around 2,000 masternodes.
Personally, I wouldn’t mind 6,000 masternodes or more, even if it meant increasing the time between rewards. Normally, the higher the masternodes number is, the greater the number of Firos tied up, so Firo becomes scarce on exchanges, which should allow for its increase.
More than 50% of the cost of one Masternode is the IPV4: addresses are scarce and expensive.
One solution to keep a relatively high number could be to allow IPV6 masternodes, or several Masternodes per IPV4 (ofc using different ports).
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Yes, absolutely.
These are requests that have been addressed several times with the team, but a priori, too complicated, even "impossible…
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It’s possible but solving ‘one issue’ and opening it up to attacks of other types is a bad idea since there would be more of a incentive to cram several masternodes into a single VPS that can be taken down easily. That’s more dangerous to the long term security of the coin.
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IMHO, this is not a good argument. Currently nothing prevent hosting several masternodes on a single machine by assigning this machine several public IPV4 and doing proper routing… This is what I do … 
It’s also probable that if for some reason, a major masternode hosting service is compromised, all hosted masternodes could be compromised as well… regardless if they use different addresses, machines …
The policy : “1 MN = 1 IP”, IMHO doesn’t increase anything in security purpose, only increase the cost of a MN. (btw: This could be intentional)
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