State Of Developments and Plan for Future Deliveries
Dear Community
It’s been a long time since we updated, sincere apologies for the long waiting. We would like to make an announcement on the recent updates of Fire protocol.
Firstly, we want to address the recent FUD posted by some Altcoin channel, which posted at 5.30am (Singapore GMT+8) about 1h after an investor dumped his token, driving the price to crash to 0.005USD. The price recovered so far. That is all there is to that story.
We appreciate all the help we received from our c-level team during the launch phase, to create awareness for our project. FUD directed at them is only showcase the poor quality of certain investors, individuals or news channels. Our core team are all tech-developers, who are driving the development ever since tirelessly.
We work hard to realize Polkadot compatibility (we are in contact with Acala for that matter), and to deploy cross-chain (HECO, ETH). We also work on governance model which will be released soon.
Details
1.The plans for Fire regarding Acala have been further postponed as there is currently no official progress of Acala evm being posted. However, we will keep an eye on Acala and will work on it as soon as the right time and opportunity arise.
2.A token withdrawal page for private sales investors has been developed and users can access it through the official website to withdraw your private sales tokens using the address in the investment terms.
Note: You can only withdraw once every 30 days.
3.Recently, the Fire team is exploring the governance model of DAO. In the near future, DAO will become the major governance model of Fire protocol. The community can participate in governance by community voting.
4.With all our efforts and dedication, Fire protocol’s main products Fireswap and Loan remain in development.
