Firo
Firo is a community-governed, open-source privacy cryptocurrency using the Lelantus Spark zero-knowledge protocol on a hybrid PoW/ChainLocks blockchain, serving privacy-conscious users, miners, masternode operators, merchants, and DeFi participants across global markets.
- Company typePrivate
- Founded2016
- HeadquartersKuching, Malaysia
- Headcount11–50
- GTM typeB2C
- OfferingSoftware
What Firo does
Firo is a privacy-preserving cryptocurrency and blockchain ecosystem originally launched as Zcoin in 2016 and rebranded in October 2020, operated as a decentralized open-source project headquartered in Kuching, Malaysia with an 11-50 person core team. Its flagship technology is the Lelantus Spark protocol, a trustless on-chain privacy system using Groth-Bootle one-out-of-many proofs without trusted setup, delivering anonymity sets of approximately 215 and supported by Spark Addresses for stealth recipient privacy. The network uses a hybrid PoW (FiroPoW, GPU-friendly and ASIC-resistant) consensus combined with LLMQ ChainLocks for 51% attack protection and near-instant transaction finality, secured by 3,900+ masternodes with a fixed 21.4 million supply plus tail emission.
The ecosystem spans multiple product layers: the Firo Qt reference wallet, Campfire mobile wallet, and Firo Electrum wallet on the user side; FiroDEX, BasicSwap, Bison Wallet (DCRDEX), and PancakeSwap for liquidity and atomic swaps; Rosen Bridge for cross-chain wrapping to rsFIRO on Ethereum, BNB Chain, and Cardano; Elysium/Spark Assets for privacy-enabled tokenization; and Spark Names for human-readable on-chain aliases. Merchant-side distribution runs through SHKeeper (WordPress/WooCommerce/WHMCS/Shopify plugins), DFX (Swiss SEPA/SWIFT fiat on-ramp with SPAR supermarket integration), Coinpayments, Nowpayments, Guardarian, and Anonbazaar P2P marketplace.
Firo is not a traditional revenue-generating company; its token economics allocate block rewards to miners, masternode operators, and a Community Fund Committee (CFC) that controls 10% of each block reward for ecosystem development. Operating expenses are funded by community donations (notably Power Up Privacy, contributing approximately $216K across 2024-2025) and CFC grants rather than enterprise sales or VC capital, and the project has no disclosed legal entity, revenue, or headcount-based commercial motion.
Firo firmographics
Firmographics- Name
- Firo
- Legal name
- Firo
- Website
- https://firo.org
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Firo is a community-governed, open-source privacy cryptocurrency using the Lelantus Spark zero-knowledge protocol on a hybrid PoW/ChainLocks blockchain, serving privacy-conscious users, miners, masternode operators, merchants, and DeFi participants across global markets.
- Ownership category
- akta.pro rank
Firo industry classification
Industry- Product category
- Privacy Cryptocurrency
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- DAO Treasury, Governance & On-Chain Finance Tools (FSADAMAL)
- akta.pro secondary industry
- Self-Custody Wallets (EOA, seed phrase, HD wallets) (FSAPACAA)
Keywords
Where Firo is headquartered
LocationHeadquarters
- HQ city
- Kuching
- HQ country
- Malaysia
- HQ region
- Asia
Markets served
Firo business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations
Revenue model
- Block Rewards: Firo miners and masternode operators receive block rewards for securing the network. Block rewards are split between miners (PoW), masternodes, and the community fund (10% of block reward).
- Transaction Fees: Network transaction fees paid by users for processing transactions on the Firo blockchain.
Go-to-market motion1 record
Distribution channels9 records
Marketing channels8 records
Firo product offering
Product offeringCore offering
Firo is a privacy-preserving cryptocurrency and decentralized blockchain ecosystem that provides trustless on-chain transaction privacy through the Lelantus Spark protocol. The project also offers a full suite of software wallets (Qt, Campfire, Electrum), a masternode-secured hybrid PoW/ChainLocks network, the Elysium tokenization layer for issuing confidential assets, and integration with merchants and decentralized exchanges. The platform targets individual privacy-conscious users, merchants, miners, and DeFi participants seeking censorship-resistant digital cash.
Product overview
Firo is a privacy-preserving cryptocurrency and ecosystem. The core product is the Firo blockchain, which uses a hybrid PoW (FiroPoW) and LLMQ Chainlocks consensus mechanism. Firo's flagship privacy protocol is Lelantus Spark, which provides trustless on-chain privacy with anonymity sets of approximately 215 and no trusted setup requirement. The ecosystem is built around Lelantus Spark and includes several complementary products: Spark Addresses provide human-readable on-chain identities with stealth addressing; Elysium is a tokenization layer enabling Spark Assets (privacy-enabled tokens); FiroDEX, Bison Wallet (DCRDEX), and BasicSwap are atomic swap-powered decentralized exchanges for trustless peer-to-peer trading; Rosen Bridge enables cross-chain wrapping to rsFIRO (ERC-20/BEP-20) for Ethereum and BNB Chain DeFi access; the Community Fund Committee (funded by 10% of block rewards) supports ecosystem development including the SHKeeper payment gateway integration. Firo supports multiple wallets including Firo Qt (reference desktop), Campfire (mobile), Electrum Firo (lightweight), and hardware wallet integrations with Ledger and Trezor. Firo's network is secured by 3,900+ masternodes using ChainLocks for 51% attack protection.
Differentiator
Problem solved
Functional benefit
Brands
- Lelantus Spark: Firo's privacy protocol providing trustless, on-chain privacy with high anonymity sets and Spark addresses for recipient privacy.
- FiroPoW
- Spark Assets
- Elysium
- Campfire
- FiroDEX
Products and services
- Firo Blockchain The Firo blockchain is the foundational layer-1 network using a hybrid PoW and LLMQ Chainlocks consensus mechanism. It powers the FIRO cryptocurrency and provides trustless on-chain privacy, instant finality via ChainLocks, and supports tokenization through Elysium.
- Lelantus Spark Lelantus Spark is Firo's flagship trustless privacy protocol that uses one-out-of-many proofs to provide on-chain anonymity with high anonymity sets. Unlike zk-SNARKs-based alternatives, Lelantus Spark requires no trusted setup ceremony and is the foundation of Firo's privacy claims.
- Spark Names Spark Names are human-readable on-chain addresses (e.g., 'sarah.spark') enabled by Lelantus Spark. They simplify the user experience of sending and receiving FIRO without exposing long cryptographic addresses.
- Elysium (Spark Assets) Elysium is Firo's tokenization layer that allows users to issue Spark Assets (fungible tokens) directly on the Firo blockchain with the same privacy guarantees provided by Lelantus Spark.
- Firo Qt Wallet The Firo Qt Wallet is the official reference desktop wallet built on the Qt framework. It allows users to send, receive, and store FIRO with full-node validation, and it supports Lelantus Spark and Spark Names.
- Campfire (Mobile Wallet) Campfire is Firo's official mobile wallet for iOS and Android that allows users to send and receive FIRO on the go, with support for Spark Names and Lelantus Spark privacy features.
- Firo Electrum Wallet The Firo Electrum Wallet is a lightweight SPV-style wallet for users who do not want to run a full node. It offers fast setup and supports sending and receiving FIRO without downloading the full blockchain.
- FiroDEX FiroDEX is Firo's decentralized exchange that enables atomic-swap trading between supported cryptocurrencies without custodial intermediaries, preserving user custody and privacy.
- Firo Block Explorer The Firo Block Explorer is a web-based blockchain explorer that allows users to view blocks, transactions, masternode status, and Spark Name registrations on the Firo network.
Quantifiable outcome
- 21.4M+ total supply with tail emission
- +2 more outcomes
Companies that use Firo
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles4 records
Firo technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration18 records
Feature8 records
Firo partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered minor and core.
- SmoozyPoolminorMulti-chain mining pool supporting GPU, CPU, and ASIC mining. Added Firo support with 1.5% pool fee, 0.5 FIRO minimum payout, PPLNS and SOLO modes. Philosophy of supporting privacy-focused, community-driven coins.
- MeowPoolminorMining pool launched early 2026 to help decentralize hashrate. Offers 1% fee, UK-based server, 0.01 FIRO minimum payout, PPLNS reward system.
- DFXcoreDFX, a Swiss non-custodial fiat-to-crypto platform, integrates FIRO for direct fiat on-ramping and off-ramping via SEPA, SEPA Instant, and SWIFT transfers. Enables FIRO spending at 137 SPAR supermarkets in Switzerland. Uses Spark Addresses by default for privacy-preserving payments.
- Pooly.caminorMining pool with roots going back to 2017. Added FIRO support with loyalty program reducing pool fee to 0% for miners connected 30+ consecutive days. Includes PoolyNodes shared masternode hosting service.
- AnonbazaarminorAnonbazaar is a P2P marketplace for privacy-preserving cryptocurrencies. Firo joins Monero as a supported payment option with full Spark Address support. No KYC required, non-custodial P2P transactions with end-to-end encrypted communications.
- Rosen BridgecoreFiro is partnering with Rosen Bridge (Ergo-centric cross-chain bridge) to enable FIRO representation on Ethereum, BNB Chain, and Cardano. The bridge uses a two-layer security model of Watchers and Guards for decentralized asset wrapping, providing censorship-resistant access to DeFi ecosystems.
- DataVexminorMasternode provider accepting Firo and Spark as payments for decentralized privacy infrastructure with effortless setup.
Scale indicators3 records
Recent moves6 records
Expansion highlights6 records
Firo competitors and assessment
Company assessmentMarket position
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Firo social profiles
Digital presenceFiro financial estimates
Financial estimateRevenue estimate
Valuation estimate
Firo leadership team
Management profileNumber of profiles
Profiles3 records
Firo funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Firo M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Firo
What does Firo do?
Firo is a privacy-preserving cryptocurrency and decentralized blockchain ecosystem that provides trustless on-chain transaction privacy through the Lelantus Spark protocol. The project also offers a full suite of software wallets (Qt, Campfire, Electrum), a masternode-secured hybrid PoW/ChainLocks network, the Elysium tokenization layer for issuing confidential assets, and integration with merchants and decentralized exchanges. The platform targets individual privacy-conscious users, merchants, miners, and DeFi participants seeking censorship-resistant digital cash.
Is Firo a public or private company?
Firo is a private company. It is classified as unknown and is currently operating.
When was Firo founded?
Firo was founded in 2016. It employs 11 to 50 people.
Where is Firo based?
Firo is headquartered in Kuching, Malaysia, in the Asia region.
How does Firo make money?
Two revenue lines are on record. Block Rewards are the primary driver. The others are transaction Fees.
Does Firo have an API?
No public API is recorded for Firo.
What industry is Firo in?
Firo's product category is Privacy Cryptocurrency. Its primary akta.pro industry code is FSADAMAL, DAO Treasury, Governance & On-Chain Finance Tools, with a secondary code of FSAPACAA, Self-Custody Wallets (EOA, seed phrase, HD wallets). Its NAICS code is 522320 and its SIC code is 6199.