5ireChain is a Layer 1 blockchain focused on sustainability (SPoS) that achieved a $1.5B valuation in 2022 but has failed to sustain traction. Current market reality indicates a circulating market cap below $500k, contradicting the 'unicorn' status. The submission contains a highly deceptive claim regarding user adoption ('most people have used my product'). While the mainnet is live (launched mid-2024) and the technology is functional, the project suffers from negligible active usage, making it a 'zombie' chain with minimal real-world utility compared to its funding history.
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