Auction

Token BRIK will initially go into circulation through 5 auctions as mentioned previously, all implemented in smart contracts to automatically and transparently proceed with the money flow.

For each auction, a certain amount of BRIK tokens has already been minted and locked within the contract. Until an auction ends, permitted accounts (whitelisted only for the first 4 rounds) can deposit USDT multiple times into it. Once the time is out, the locked BRIK shall be shared proportionally among all depositors.

Detailedly, let's assume a general depositor $i$ deposits $d_i (d_i > 0)$ value in total during an auction that locks to offer $X$ token BRIK. When the auction concludes, the depositor will receive the amount of BRIK equal to $X\frac{d_i}{\Sigma{d_j}}$.