What is Firebird (Previously PolkaFoundry)?
Initially, PolkaFoundry was a platform for creating borderless and frictionless DeFi & NFT apps on the Polkadot blockchain to allow developers to explore new horizons of the DeFi landscape. Its goal was to be a one-stop production center for decentralized applications with all necessary functions, service integration, and tools needed for DeFi and NFT innovations and solutions.
Using Polkadot's interoperability and scalability, and in addition to integrating many DeFi-friendly services into the platform, PolkaFoundry was making dApps as easy to use as regular applications with the goal to take dApps on a massive scale. It was engineered to tackle problems related to UX with high efficiency and standard of practice, as needed in today's cryptocurrency world.
The platform was mainly consisting of a public blockchain and many dApp support services, such as storage service for documents and identity service.
As of October 2022, the project has officially rebranded as Firebird with a mission to focus on developing an optimized stand-alone chain designed specifically for Web3 games and metaverse and build based on the Cosmos SDK framework. Following this, the PolkaFoundry price dropped sharply, however, on the next day it bounced back.
Use Cases of PFK Tokens
PolkaFoundry or – according to its new name – Firebird is using its native token named PKF. It is an ERC-20-compliant token. Creators are planning to introduce the possibility of swamping ERC-20 PKF token for native PKF coin when Firebird blockchain launches the mainnet. This would be possible at the rate of 1 for 1.
Firebird coin is used to pay for transaction fees (especially for computation & storage) on the platform. The next important utility is the possibility of staking for collators to earn a share of block rewards, as well as staking to participate in the on-chain governance process and earn rewards for voting on proposals. When PolkaFoundry was operating at its full potential, PFK was also a form of payment for PolkaFoundry & partners' services, such as PolkaID, DocuGuard, etc.
Together with the rebranding of the project, the PFK token has changed its name to Firebird coin, however, the token symbol has not changed. No new token has been introduced and most important, overall, the Firebird price has remained relatively stable.
Who Founded Firebird?
Luong San, the co-founder of Icetea Labs, was the lead engineer of PolkaFoundry, as well as the CEO of Firebird. The project has a strong connection with Icetea Labs, one of the biggest Web 3.0 gaming and metaverse incubators in SEA. It is taking advantage of the Icetea ecosystem and assistance from accelerator programs, experts, and technical advisors.
The team has described its mission as empowering people with full control and the freedom to use resources digitally in a simple, safe, and easy manner. They want to give developers the possibility to choose from centralized or decentralized technology, or even – a combination of both, based only on the parties’ credibility and the value of the application data.
Before purchasing a Firebird token, make sure to check the Firebird price chart above to learn about the current and the previous PFK price.
These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.
Followers
24
4.35%
Following
1
0.00%
Posts count
0
These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.
Subscribers
-
Subreddit type
-
Moderators
-
Currently, official Firebird (PKF) Reddit Stats account doesn't exist or wasn't submitted. 🔆 Submit Now
These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.
Members
-
Title
-
Currently, official Firebird (PKF) Telegram Stats account doesn't exist or wasn't submitted. 🔆 Submit Now
These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.
Website Rating (DR)
46 / 100
0.00%
Ahrefs Rank
1,084,970
0.17%
Organic Traffic (mo.)
0
These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.
Public repos
0
Type
Organization
These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.
Stars
-
Watchers
-
Forks
-
Language
-
Currently, official Firebird (PKF) GitHub Public Repository doesn't exist or wasn't submitted. 🔆 Submit Now
Firebird hot topics
Currently, official Firebird Reddit account doesn't exist or wasn't submitted. 🔆 Submit Now
@polkafoundry posts