5ire AMA Recap

30 Sep 202216:01

AMA

5ire AMA Recap

Devansh Dubey

Hey
Nice to be here 😊

Denis (CryptoDiffer)

Welcome, thank you for taking your time today!
Our team has prepared some questions for you to start with:
Let`s start with the introduction !
Q1: Can you introduce yourself to our community?

Devansh Dubey

yes sure
Devansh here, I am a tech graduate turned marketer. Why if you ask? I love the fact that marketing gives a product new wings and a new face altogether to grow at a rapid pace! I also love designing and seeing art everywhere from a child's drawing to the complex mechanism of 5ireChain. 😂
I work as a social media team manager for 5ireChain and just love this project🚀
done

Denis (CryptoDiffer)

Q2: Can you briefly tell us what is 5ire in 3-5 sentences?

Devansh Dubey

5ireChain is the first truly sustainability-driven platform that incentivises enterprises to be more sustainable & innovative, just by making the world a better place. Actions in the 5ireChain adhere to the philosophy of 5IR, creating a net positive impact on the planet.

With regards to its open source or corporate competitors, 5ireChain is superior in the following ways :-

👉 Stronger security guarantee
👉 Sustainability by design
👉 First movers in the market
👉 More Decentralised
👉 Better Governance & Democracy
👉 Easier Upgradeability
👉 Faster Transaction Speed
done

Denis (CryptoDiffer)

Q3: Let`s now talk about the milestones you have achieved so far and about your upcoming plans?

Devansh Dubey

@asthhaaaa can you take this one

Astha Singh

Sure, I'll take that one. Thank you for having us here today by the way :)
As you all probably know, we've recently become one of the world's fastest unicorns with a valuation of $1.5BN after an investment of $100MN by UK-based Sram & Mram group 🦄 This has been one of our biggest milestones this year, hopefully there will be more :)

Keep an eye out on our social media accounts to stay updated with more such news! ⤵️
linktr.ee/5ireChain
Apart from this:

5ire ecosystem now has its own blockchain, its own wallet, its own exchange which we acquired, its own NFT / metaverse marketplace, and its own security wing.

Please check our ecosystem here:

https://drive.google.com/file/d/1mpySe0Vyu2I5LToSyDcu6kLa7M4eY7Ha/view?usp=sharing

And

Lastly, please see our investor dockey. We now have crypto OGs + tier 1 funds + Fortune 500 companies like Huawei supporting us.

https://www.5ire.org/about-5ire
And ofcourse, we are going live in testnet mode very shortly so stay stuned for further updates on that :)
tuned*
t.me/OfficialFireChain
done

Denis (CryptoDiffer)

Q4: When can we expect the 5ireChai mainnet to be live?

Astha Singh

So a testnet is good news that the mainnet is nearby too :D

The mainnet will probably be live by Q4, 2022
sorry, done!

Denis (CryptoDiffer)

Thank you for such detailed and interesting answers!
It is time to move to the community questions part.
Let's remind AMA rules to the community😊

❗️ AMA structure and rules: 👥

- Community questions part starts after the guest/guests finishes/finish answering the introduction questions asked by the moderator. Moderator unmutes the chat to allow up to 100 messages and mute it.
- Each person is allowed to write only one message containing 2 questions, violators will be disqualified from participating in the reward distribution.
- Copy-pasted questions from previous AMAs are strictly forbidden, violators will be disqualified from participating in the reward distribution.
- All questions&concerns regarding AMA members should send in dm to @cryptodiffer_admin
- Important, please don`t write to other CryptoDiffer team members, they won`t be able to help you.
- Winners are chosen by Guests.
I will open the chat at 1:53 UTC, check exact time on time.is
Chat is muted! Thank you for your questions, everyone!
Astha Singh|Social Media Team Lead| @asthhaaaa,Devansh Dubey|Social Media Team Lead| @d_dhere,please choose the questions you like and answer them! If you wish to have additional rounds, just let me know

Cryptodiffer Community

Can you explain to us, What are the requirements to become a validator and what are the benefits?

Thanks @asthhaaaa

Astha Singh

Please reach out to us at validators@5ire.org if you're interested in becoming a validator.

Here's the documentation for you to learn more - https://assets.website-files.com/6217c768b8b19637dc690fd8/62de099de724d725875fe573_5ire_Validators_pdf.pdf

Alternatively, you can fill this form on the website - https://www.5ire.org/become-a-validator :)

Cryptodiffer Community

SECURING WEB3 is Very Important Topics, Do You agree or not , Can I know What Strategy you have planned to SECURE 🔐 Your platform from HACKERS , Tell me some security measures. ?

Devansh Dubey

Hey thankyou for this question

I'll be brief about this,
here are some innovation from the 5ireTeam on this aspect

Homomorphic encryption
Hardware root of trust

https://www.researchgate.net/publication/362688885_Techniques_and_Research_Direction_of_5irechain_Security_and_Privacy

https://www.researchgate.net/publication/361483450_Hardware_Root_of_Trust_Based_TPM_The_Inherent_Of_5irechain_Security

https://www.researchgate.net/publication/360065564_Homomorphic_Encryption_in_5ire_Blockchain
you can goto these links for more

Cryptodiffer Community

Where is your community located? Does your community only speak English? Don't you have any plans to open communities in various countries?

Devansh Dubey

no we have all communities you can find them at

https://www.5ire.org/community

Cryptodiffer Community

I found it interesting SOON will launch the 5ire Chain Testnet. Can you give us more details about this and new updates that this tesnet will have? How could I be part of this?

Astha Singh

Please follow our social media to stay updated with information vis-a-vis the testnet! We will be posting manuals, blogs, etc. to make you have a clear understanding of what's happening and what is in the pipeline.

Additionally, we have a couple contests running with regards to the testnet so you could also participate in them and stand a chance to win rewards 💴

llinktr.ee/5ireChain - Here's a link to all our socials!

See you There

Cryptodiffer Community

I am curious, what does "5ire" mean, where did this name come from? What does it represent? And how does it define the intention of the project? Could you tell us a little more about the origin of this name?

Astha Singh

Thanks for the question! The name 5ire was actually coined from the 5th Industrial Revolution - 5th - 5, Industrial - I, Revolution - RE

Devansh Dubey

DONE

Astha Singh

I think we're done here

Denis (CryptoDiffer)

Thanks for your time
Thank you to everyone who took part!
Chat is unmuted