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What is 5ire (5IRE)?

5ire (5IRE) is the native token of 5ireChain, a layer-1, EVM-compatible smart contract blockchain built on the Polkadot SDK (Substrate). Note: this article covers the 5IRE token and 5ireChain; it is unrelated to the separate open-source desktop AI assistant also named 5ire (5ire.app). The ecosystem is designed to bridge blockchain technology with global sustainability goals. According to publicly available information, 5ire operates as a dual-chain architecture supporting both EVM and WASM environments, positioning itself as a fifth-generation blockchain built with the United Nations Sustainable Development Goals (SDGs) in mind. The project aims to shift the paradigm from a for-profit to a for-benefit model, targeting governments, Fortune 500 enterprises, social entrepreneurs, and universities. The 5IRE token has a total and maximum supply of 1.5 billion tokens, with circulating supply reported at approximately 1.46 billion by CoinMarketCap. The 5IRE token launched in 2023. The project's stated roadmap targets launching the 5ireChain Mainnet in 2024 and building tools to onboard governments and enterprises for ESGaaS (ESG as a Service) on-chain.

Key Specifications & Tokenomics

• Name: 5ire
• Ticker / Symbol: 5IRE
• Blockchain / Platform: Ethereum platform; 5ireChain is the native layer-1 blockchain
• Consensus Mechanism: SPoS (Sustainable Proof-of-Stake)
• Smart Contracts: EVM-compatible; dual-chain EVM and WASM architecture
• Category: DeFi, Web3, Real World Assets Protocols
• Total Supply: 1,500,000,000 5IRE
• Max Supply: 1,500,000,000 5IRE
• Circulating Supply: Approximately 1.46 billion 5IRE per CoinMarketCap
• Launch Year: 2023
• Company Founded: 2021
• Contract Address (ERC-20): 0x3bd7d4F524D09F4e331577247A048D56e4b67a7F
• Official Website: https://5ire.org/ (also referenced: 5ire.webflow.io)
• Explorer: etherscan.io (ERC-20 token); explorer.5ire.network (5ireChain)
• Security: 5ire publishes its source code on GitHub (github.com/5ire-org) under the Apache-2.0 license; no third-party audit report is cited in the available sources.

Who created 5ire?

5ire was co-founded by Pratik Gauri, who serves as Co-Founder and CEO, and Prateek Dwivedi, who serves as Co-founder and Chief Product Officer. Pratik Gauri is described as leading a shift in how capitalism is perceived, demonstrating that profit and purpose can coexist. The company was founded in 2021. Tracxn lists 62 employees for 5ire (as of May 26, 2025). According to FundedIQ, 5ire announced a $100 million Series A in July 2022; APIs.io reports the company has raised roughly $121 million in total. TrueUp lists its private valuation at $1.5 billion. The company earned recognition as a "New Unicorn of the Year" at the CII Unicorn Summit.

How does 5ire work?

5ireChain operates as a layer-1 EVM-compatible smart contract platform utilizing a Sustainable Proof-of-Stake (SPoS) consensus mechanism. This mechanism incentivizes validators toward sustainability by assigning them a rank based on how sustainable their operations are. The ranking is calculated through an algorithm that draws from over 650 ESG metrics via live API sources, producing a Sustainability Score. The dual-chain architecture incorporating both EVM and WASM enhances functionality and interoperability. The network supports no-code smart contracts, reputation-based mechanisms, and IPFS peer-to-peer file storage and sharing. Users can send assets, collectibles, or files to any chain, mobile number, or web3 address, and wallets are decentralized and user-owned, hosted on web3 domains. Developers connect via a standard Ethereum JSON-RPC endpoint — mainnet chain ID 995 and Thunder testnet chain ID 997 — using tools such as MetaMask, Hardhat, Foundry, Remix, wagmi and Ganache, or via the Polkadot-derived @5ire/api JavaScript client.

What makes 5ire unique and valuable?

5ire distinguishes itself by directly integrating the United Nations Sustainable Development Goals into its blockchain infrastructure. The project indexes SDGs and provides validators with sustainability rankings, creating a tangible incentive for environmentally and socially responsible network participation. The platform aims to make blockchain sustainable and accessible for over one billion people by 2030. 5ire describes the network as having a zero-carbon footprint, alongside no-code smart contracts and interoperability across chains, mobile numbers, and web3 addresses. 5ire markets the network as fast and low-cost, with no-code smart contracts and interoperability across chains, mobile numbers, and web3 addresses aimed at lowering barriers for enterprises and governments. 5ire states that it holds patents in several areas of blockchain technology, including a sustainable blockchain patent, a smart contract template framework patent, an encrypted decentralized file storage patent, and a homomorphic encryption patent; patent numbers are not cited in the available sources. The project also engages with leading researchers and publishes in peer-reviewed journals.

What is 5ire used for?

The 5IRE token serves as the native utility token of the 5ireChain ecosystem. It is used to incentivize validators through the SPoS consensus mechanism, where higher sustainability rankings lead to greater rewards. The token facilitates transactions, smart contract execution, and participation in ecosystem programs such as the #BuildToEarn initiative, where the top 10 dApps receive incentives after evaluation. 5IRE also plays a role in the $10 Million Grants Program, which supports builders focused on sustainable development. Early adopters and the first 500 builders receive reduced gas fees and a share of block rewards. The token also supports staking and a community reward campaign run in partnership with Bybit. It also provides access to the network's growing suite of decentralized applications.

How Is the 5ire ecosystem developing?

The 5ire ecosystem is actively expanding through testnet initiatives, dApp development, and strategic partnerships. According to the project, the 5ireChain Testnet Thunder, released in Q2 2023, recorded more than 2 million transactions and more than 250,000 registered wallets within its first month. Alongside the testnet, the team released several dApps including 5ire Wallet, 5ire Explorer, 5ire Validator app, 5ire Nominator app, and 5ire IDE. Ecosystem programs include the #BuildToEarn initiative and a $10 million grants program. Notable partnerships and projects include a $7 billion Congo Solar Energy Project with MCB and the launch of a multibillion-dollar carbon marketplace powered by GRO. The roadmap includes launching the 5ireChain Mainnet in 2024 and building tools to onboard governments and enterprises for ESGaaS (ESG as a Service) on-chain.

How to mine 5ire?

5ire does not use traditional proof-of-work mining. Instead, the network relies on a Sustainable Proof-of-Stake (SPoS) consensus mechanism. Participants can engage with the network by becoming validators or nominators. Validators are responsible for producing blocks and are ranked by their sustainability score, which is calculated using over 650 ESG metrics from live API sources. Higher sustainability rankings result in greater rewards. Under SPoS, block production and rewards are weighted by validators' sustainability scores; the available sources do not specify whether rewards are funded by inflation or transaction fees. Nominators can support validators and share in the rewards. The 5ire Validator app and 5ire Nominator app were released alongside the testnet to facilitate participation. Staking guides are available through the project's blog, including a step-by-step staking guide titled "5ire Staking 101."

How to keep your 5ire Coin safe?

Securing 5IRE tokens requires adherence to standard cryptocurrency safety practices. Since 5ire operates on the Ethereum platform and its own 5ireChain, users should use official wallets such as the 5ire Wallet, which is decentralized and user-owned, hosted on web3 domains. For tokens on Ethereum, hardware wallets and reputable software wallets that support ERC-20 tokens are recommended. Users should always verify contract addresses before interacting with any token and avoid sharing private keys or seed phrases. Enabling two-factor authentication on exchange accounts and using unique, strong passwords adds further protection. Given the volatile nature of crypto assets, investors should independently assess their financial capacity and consult professional advisors before making investment decisions.