We are paying you $1 for each of your Steem!
Official ICO Live Auction Thread for VIVA Right Here on Steemit : Batch 1
This is the official thread for the VIVA ICO Live Auction, Batch 1.
VIVA is the price stable crypto currency with reliable income features, and was introduced to the world by 
Part 1 : Introduction to a Price Stable Crypto Currency With Basic Income
Part 2 : VIVA Components Explained
Part 3 : VIVA Components Explained - Part 2
Part 4 : Bootstrapping the VIVA Economy
In order to guarantee an income for all participants, the VIVA economy is structured around the interplay of several economic layers.
Three of these layers are crypto currencies that serve specific purposes within the ecosystem.
The fourth is a fiat gateway with debit Mastercard issuing capabilities.
We announced in Part 4 that the debit card issuing portion of the fiat gateway is now able to issue MasterCards. This means that today is the start of the live auction for VIVA Crowns, our fundamental base layer.
Each coin you buy today gives you a direct say in the day to day operations of the following currencies...
VIVA Crowns : A deflationary base currency, this currency grants the owner a Treasury Right, which is the right to determine how many VIVA will be minted. You need at least one Crown in order to mint at all. The number of VIVA you can mint is directly proportional to the number of Crowns under your control.
VIVA : Our flexible economic base layer is intended to remain relatively price stable by increasing or decreasing the supply in response to market conditions. On the VIVA network all transactions are settled in VIVA directly on the VIVA blockchain.
vX : Market pegged instruments with their peg backed by the network. The X can be whatever the issuing mint decides to peg it to. For example USD would be vUSD. vX pay a variable daily interest rate in order to encourage holding. vX are a business layer coin, meaning that most businesses and transactions will be priced in vX. vX serve to lock away VIVA liquidity from the market until the consumer requires it, thus helping VIVA to maintain weekly pricing and marketcap targets. vX also serves as a hedge during times of volatility.
Auction Details:
There will only ever be 42,000 VIVA Crowns.
The first 4,000 are to be distributed over the course of 4 rounds.
After ICO there will only be One Crown found per week!
Round 1 is a live auction, this is the start of that live auction.
There are 1,000 VIVA Crowns for sale this round and the sale occurs in daily batches.
Each batch is 10 less than the previous batch and it is winner take all.
Today's auction is for 100 VIVA Crowns!
Tomorrow's auction will be for 90 VIVA Crowns, etc.
This is a carry over auction, meaning that there is no advantage to waiting until the end to bid, because the next day's open is always the previous day's close.
The close of each batch occurs at post payout, the highest bidder takes all Crowns in a batch.
For this round we are making a special offer for all steemians.
All bidding occurs strictly in US Dollars however you can settle in any currency supported by #blocktrades and...
Whether you settle in steem or SBD, we will credit you $1 for each unit of steem based currency you settle in.
You can bid $1,000 USD and choose to only pay 1,000 steem!!!
Essentially it means we're giving you $1.00 USD per steem!
We are doing this because we're very long on steem and believe it has enormous potential for growth over the next 5 years, more so than any other coin we might consider holding.
It is also our price discovery mechanism for Crowns, since the Round 1 ceiling will be doubled to become the Round 2 floor.
This means that Crowns will never be any cheaper than they are right now!
All funds raised during round 1 will be used to power up the 
It is our sincere hope that others who want to integrate with the steem ecosystem will see our success with this model and decide to follow suit, which would undoubtedly help the price of steem a little and that would be a net benefit for everyone.
To bid just post a comment below along the lines of
"I bid $11,000 USD",
And remember you are bidding on the batch, not per coin.
Bidding starts at $1,000.00 USD for this batch, the winner is the highest bidder and it's winner take all!
Good Luck, and Happy Bidding!
This post is 100% steempowered!
update: If I haven't replied "thank you for bidding", within an hour of your bid, then you may not be the highest bidder at the moment of bidding. In order to see the bid history correctly, with the most current bids on top, use the "sort order" link just below this text and set it to "created", because the default sort order is" trending", which doesn't really work so well for an auction format. Thanks!
update 2: I've been at this for in excess of 14hrs, not counting the time it took to ready the post. I've asked 
Happy Bidding!
Final update: This auction closed at $6,500.00!
Congratulations @cryptomancer!
As you can see here we powered up 100% of the auction proceeds!