10/28/2020 Zcoin is becoming Firo – Zcoin English Get Zcoin About Blog Community Explorer Contact Crowdfunding ZCOIN BLOG Zcoin is becoming Firo By Reuben Yap October 27, 2020 No Comments Today, the team at Zcoin is pleased to announce its new name: Firo (ticker: XFR, pronounced “fee-roh”). Firo is not a new blockchain, but a new identity to differentiate ourselves and make nancial privacy more accessible to more people. Why is Zcoin changing its name to Firo? https://zcoin.io/zcoin-is-becoming-firo/ 1/6 10/28/2020 Zcoin is becoming Firo – Zcoin When Zcoin launched in 2016, we pioneered the use of the Zerocoin protocol. English Since that time, innovations by Zcoin and others have made that story less relevant Gete Zscpoeicnia llyA sbinocuet w eB nlogw u sCeo Smigmmuan aitnyd c uErrxepnlotlrye trra nCsiotinotnaicntg t oC Lreolwandtfuusn.ding Moreover, despite more than 4 years in the space, the similarity with Zcash is both confusing and misleading: though we both deal with privacy, they’re fundamentally different technologies, based on different priorities and values. The name ‘Firo’ was chosen for two reasons. First, it establishes a new metaphor of ‘burning’ coins and ‘redeeming’ them later. The concept of melting down coins and forging brand new ones is a great analogy to the way Lelantus works. Secondly, “Firo” sounds like money. Both of these are geared toward user-friendliness and mass adoption. Firo conjures up images of something aame and alive — consisting of re or burning strongly and brightly, the name is set to evoke a phoenix rising from the ashes. This not only describes the privacy mechanism which burns coins, but also Zcoin’s passion for privacy as a fundamental human right and belief that it should be accessible for all. What is the timeline for the rebrand? Today is the reveal of the rebrand to give time to the ecosystem and community to be aware of the change and to make the necessary preparations. This is especially due to the ticker change to XFR which some exchanges require a longer heads up. On the 30 November 2020, the rebrand will take effect and zcoin.io will redirect to ro.org At that time, our wallet and exchange partners will replace the Zcoin name, symbol and logo with that of Firo. We believe this phased approach will minimize any confusion. https://zcoin.io/zcoin-is-becoming-firo/ 2/6 10/28/2020 Zcoin is becoming Firo – Zcoin Between now and then, we’re working with wallets, exchanges, PR companies andEnglish social media inuencers to spread the announcement and ensure a smooth Gett Zraconisnitio nA. bTohuet Fi roB wloegbs itCe oamt mruon.oitryg w ilEl xlapulonrcehr fu llyC oinn thacet ne xCt rfoew ddfauynsd, ianngd we’ll also transition our social media accounts from Zcoin to Firo. What does this mean for Zcoin holders? Firo will use the same blockchain as Zcoin. There is no chain swap. Current Zcoin holders can use their same credentials to send, receive, burn and redeem Firo. Expect your Zcoin balance to be updated to an identical Firo balance near the end of November. If you’re holding in an exchange, just pay attention to their announcements. We’ll be working directly with key exchanges to make the transition as seamless as possible. If you’re holding in a wallet, just make sure you’re using the latest version. If you forget to update your wallet, no problem! Until Lelantus is fully activated in January 2021 you can continue to send and receive Zcoin with the outdated wallet (though we don’t recommend it). What about Lelantus? Our rebrand at the end of November coincides with the release of the Lelantus mainnet binaries with the updated Firo branding, and both changes will go into effect in a single software update. With the simultaneous launch of Lelantus and Firo, we’re double-down on our founding commitment to nancial privacy. Lelantus will itself activate in January to take into account the end of year holidays. https://zcoin.io/zcoin-is-becoming-firo/ 3/6 10/28/2020 Zcoin is becoming Firo – Zcoin W hat about StakeHound’s stakedXZC English Stakehound has conrmed that they are able to change the ticker to stakedXFR Get Zcoin About Blog Community Explorer Contact Crowdfunding when the rebrand takes into effect. What is the Chinese name of Firo? As we have a sizeable community in China, the Chinese name of Firo will be 飞荣 (⾶榮) Fēi róng. Love 13 Share Tweet Share Share Pin Next Post Lelantus Testnet Is Now https://zcoin.io/zcoin-is-becoming-firo/ 4/6 10/28/2020 Zcoin is becoming Firo – Zcoin English Get Zcoin About Blog Community Explorer Contact Crowdfunding Author Reuben Yap M O R E P O S T S B Y R E U B E N YA P OUR TECHNOLOGY Sigma technology ensures that Zcoin's transactions are kept completely private M O R E A B O U T S I G M A JOIN US ON DISCORD https://zcoin.io/zcoin-is-becoming-firo/ 5/6 10/28/2020 Zcoin is becoming Firo – Zcoin English Join us on discord to stay updated on our project. Ask us any questions and learn about our bug bounty program. Get Zcoin About Blog Community Explorer Contact Crowdfunding J O I N U S O N D I S C O R D GET IN TOUCH Have any questions? Want to get involved with the Zcoin Project? We'd love to hear from you. T E A M @ Z C O I N . 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