Firo

We are thrilled to announce that MAGIC Grants has approved a grant
from the MAGIC Firo Fund to integrate Firo, a leading privacy-preserving
cryptocurrency, with the Enkrypt wallet. The integration work will be spearheaded by BlockStars, a renowned web3 development company. This collaboration will include full support for Spark, enhancing the usability and accessibility of
Firo within a multi-chain ecosystem. We expect the work to take about 3
months.
Elevating Privacy and Accessibility with Enkrypt
The integration of Firo into Enkrypt wallet marks a significant
milestone in our mission to provide users with seamless and secure
access to privacy-focused financial solutions. Enkrypt is not just
another crypto wallet; it’s a true multichain browser extension wallet
developed by MyEtherWallet.
With support for over 70 natively integrated chains—including Ethereum,
Bitcoin, Solana, and many more—Enkrypt offers a unified platform for
managing diverse digital assets.
Why Enkrypt?
Multichain Support: Access EVM chains, Solana, Parachains, Canto, and the Bitcoin Network—all with a single account.User-Friendly Interface: Easy access to the world of web3 with integrated DApps and NFT management.One Recovery Phrase: Simplify your crypto experience with one recovery phrase for all chains.Security and Control: An open-source, self-custody wallet where users have full control over their digital assets.
By integrating Firo into Enkrypt, we are enabling our community to
manage their Firo holdings alongside other cryptocurrencies, all within a
single, user-friendly platform.
Full Spark Support
The integration will include comprehensive support for Spark, Firo’s
innovative protocol that enhances privacy. This means users will enjoy
all the benefits of Spark directly within the Enkrypt wallet, including
easy swaps from other assets and improved privacy features.
About MAGIC Grants and the MAGIC Firo Fund
MAGIC Grants is a 501(c)(3)
public charity that supports essential public infrastructure for
cryptocurrency networks and supports privacy. Through the establishment
of semi-autonomous MAGIC Funds, communities can fund various qualifying
activities such as educational materials, essential development
projects, research, and security audits.
The MAGIC Firo Fund,
established in December 2022, operates independently from the Firo Core
team and is administered by the MAGIC Board. Funded by generous
donations from Firo supporters like Arcadia, donations to the fund are
tax-deductible for U.S.-based contributors.
BlockStars
BlockStars, is a blockchain-based software development company committed to bringing the power of blockchain technology to businesses worldwide. BlockStars
specializes in developing real-world decentralized applications, smart
contracts, NFTs, DeFi apps, and blockchain gaming solutions. Their
expertise ensures that the Firo integration with Enkrypt will be
seamless, secure, and efficient.
The Benefits of a Multichain Browser Extension Wallet
Integrating Firo into a multichain wallet like Enkrypt offers numerous benefits:
Convenience: Manage multiple cryptocurrencies across different blockchains in one place.Enhanced Security: Benefit from self-custody and open-source security features.Unified Experience: Access a wide range of decentralized applications and services without switching wallets.Future-Proof: Easily adopt new blockchain innovations as they are integrated into Enkrypt.
Looking Ahead
This integration is a significant step forward in making Firo more
accessible and user-friendly. We believe that by partnering with MAGIC
Grants, Enkrypt, and BlockStars, we are paving the way for a more
private, secure, and inclusive financial future.
About Firo
Firo is a leading privacy-focused cryptocurrency that leverages advanced cryptographic techniques to provide users with financial privacy. By prioritizing research and development, Firo continues to innovate in the blockchain space to deliver unparalleled privacy solutions.
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Stay tuned for updates on the integration progress. We are committed to keeping our community informed every step of the way.

Deposit addresses are now EX-Addresses

Binance has confirmed with us that Exchange Addresses are now fully implemented and live on their exchange.
EX addresses are not meant for regular users to create but for exchanges that require them for regulatory or transparency reasons. However, users will need to interact with EX addresses if they are depositing into Binance or another exchange that deploys them.
You can identify an EX-address easily as the address begins with EXX.

Transition Notes
Binance has confirmed the roll out of EX-addresses for its users, though if for some reason you do not have an EX-address yet, do not send funds from Spark directly to Binance’s deposit address. Otherwise, they will be frozen until you open a support ticket with Binance to return the funds to you. This process can take up to 30 working days.
EX-addresses only accept FIRO from transparent addresses. If you have funds held in Spark, you would first need to send them to a transparent address (that begins with a or Z) before sending them to the EX address. At the time of writing, the only exchange that uses EX addresses is Binance.
Most exchanges do not yet support withdrawals to an EX-address, so you would need to withdraw from your own wallet first with a transparent address before sending the money to Binance. We are in communication with other centralised exchanges to facilitate easy exchange-to-exchange transfers. At the time of writing, only NonKYC.io supports direct withdrawals to an EX address. You can also do your part by opening a ticket with your favourite exchange or wallet to encourage them to support sending to EX-addresses.
Most major exchanges such as MEXC, HTX and Gate support FIRO deposits from EX-addresses so you can send from Binance to these exchanges directly. Always test with a small amount first if unsure!
Reopening of Firo trading in Europe
Last year, in May 2023, Binance made Firo and several other privacy coins unavailable in several European countries namely Poland, France, Spain, Italy, Belgium and Sweden, due to new EU regulations restricting the trading of privacy coins.
Firo has been reopened for trading in these countries with immediate effect. If you are in an affected country, you might receive an email notification from Binance informing you of this. Do ensure you take note of your new deposit addresses which would have been updated to an EX-address.

The 7 member Community Fund Committee (“CFC”) is formed to oversee the newly formed Firo Community Fund (“FCF”) has been completed!
The following community members will serve as CFC members for a period of 1 year:
FiroFanFiendishDevwarriorRehrarNrsimhaRasikhmoranisproxet
The elected committee comprises a well-rounded mix of established community members, subject matter experts, and developers, who have been actively involved in voting on proposals and steering Firo community fund to help with the project.
Since there were no additional nominations, these seven members were automatically elected. We would like to thank them for agreeing to serve on the Firo Community Fund (FCF) and helping to decentralize funding decisions. We would also like to thank the outgoing committee members who have served.
How to get funded from the Firo Community Fund
Anyone can apply to be funded from the FCF by opening up a proposal in the Firo Crowdfunding System and also opening a thread on the forums to open discussion about it. The Community Fund Committee can also independently initiate proposals to be funded from the Firo Community Fund.
What are the responsibilities of the Community Fund Committee?
To decide along with taking into account community feedback on how the Firo Community Fund should be utilised.To help evaluate community requests for funding, do due diligence of applicants applying for funding and obtain all necessary information to ensure sufficient detail for scope of work.To evaluate and approve payment of milestone requests.To make all reasonings of the CFC for approval/rejection public.CFC can request for the core team’s feedback and opinion on proposals.To always conduct themselves with professionalism without resorting to personal attacks or insults.
How will the Firo Community Fund (FCF) be utilised?
FCF funds must always be utilised for the benefit of Firo. Research, development or promotional activities that do not directly benefit Firo should not be undertaken.All FCF expenditure has to be disclosed. Any proposal that does not allow this will not be able to be funded from the FCF.FCF funds should not be used for giveaways even for the purpose of promoting adoption or participation.FCF funds should not be used to host purely social events. Educational or awareness events are acceptable but must be the primary component of the event.FCF funds should be used and while there shouldn’t be a pressure to spend funds, the FCF should not be hoarded.CFC can choose to use the FCF to employ contractors to embark on specific tasks or roles that will report directly to the CFC.Should the CFC deem fit, FCF funds can be burnt by sending it to this burn address.FCF funds address can be viewed here
Where can I see the deliberations of the Community Fund Committee?
All discussions of the CFC can be seen in our Discord in the channel #communityfund and is read-only. You will need to have verified status by passing the captcha to view the channel.