Crypto
Bifrost
BNC
Bifrost
#--
$0.1165
-0.08%
≈$0.1164
-0.08%
Bifrost (BNC) is a polkadot-based parallel chain designed to provide liquidity and pledge without delaying nominations. Bifrost is a decentralized finance in the Polkadot ecosystem ( DeFi < / a > ) project, Allowing users to deposit their money in Staking and minting vTokens ensures Staking, And the tokens are < a href = "https://coinmarketcap.com/alexandria/glossary/smart-contract" > smart contract < / a > lock when Staking. Use the Bifrost, You can put the rights to prove (< a href = "https://coinmarketcap.com/alexandria/glossary/proof-of-stake-pos" > PoS < / a > ) converting tokens VToken; For example, you can convert DOT to vDOT.
Development of Bifrost began in q3 2019. According to the developers, the project is designed to Staking problems such as ensuring liquidity without compromising the original structure of chain governance, and reducing the stakes in a decentralized manner.
Bifrost is supported by Hypersphere Ventures, NGC Ventures, Longhash Ventures, CMS Holding, SNZ Holding, Consensus Lab, Digital Renaissance, SevenX Ventures, Zonff Partners, Youbi Capital and Digital Finance Group.Bifrost is also a member of Substrate Builders Program and Web3 Bootcamp.
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