# Fuego (XFG)

**Type:** Coin
**Source:** [View on Coinpaprika](https://coinpaprika.com/it/coin/xfg-fuego/)

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## About

Fuego is a decentralized peer-to-peer privacy banking network based on the CryptoNote protocol, which enables users to securely store, transfer, & collateralize monetary value- privately, using XFG. Built by advocates of freedom thru sound money, Fuego functions as a free & open source alternative to the old centralized banking model. Thru it's decentralized design, Fuego network is owned by it's users; not by any singular individual or evil corp_oration- and is available free to everyone as a public utility for financial freedom & privacy.

Unique features of Fuego network include untraceable peer-to-peer messaging capabilities (up to 300 characters per message) as well as time-locked on chain deposits, also known as COLD: an initiative to earn (defi) interest on XFG Certificate Of Ledger Deposit yield. (alpha version available, with zk-deposit proofs and automated interest redemption expected in 2024.)

