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From today till 01 July 2018 Firebird Auction works in debug mode. Everyone could register here but only team members can place their bids. We have to ensure that everything works well and that we are ready for the Presale. Currenly the system has 18 registered users and 7 places bids with 322.8 ETH of total bid value.
Today User №1 has joined the Auction and successfully “caught” his 10 FAT bid, made few days before.
Today ERC20 Firebird Auction Tokens (FAT) were created. Quantity: 10,000 FAT; contract address: 0x2746025ae2eba10c91d1c70393ffb23a58f05911; decimals: 0. These tokens were created with a single purpose of bidding in the Firebird Auction. They will be distributed across Firebird team members and to Presale investors only. Auction rate 1 FAT = 1 ETH was accepted. Today also the first 10 FAT bid was made by User №1.
Today our project was officialy named Firebird. Recent names were CMZ and Phoenix. A typical role of the Firebird in fairy tales is as an object of a difficult quest. The quest is usually initiated by finding a lost tail feather, at which point the hero sets out to find and capture the live bird, sometimes of his own accord, but usually on the bidding of a father or king. The Firebird is a marvel, highly coveted, but the hero, initially charmed by the wonder of the feather, eventually blames it for his troubles.
After 3 month of hard work all ideas were compiled into one document, describing history of money, modern currency problems and the first version of token supply formulas. Now it is time to develop the Auction Core.
After more than 5 years the idea of self-regulated monetary system has transformed into a project, with people united by the one goal. We don't know how we'll do this, but we'll do.