Bifrost (BNC) revolutionizes DeFi by providing instant staking rewards, cross-chain liquidity, and transparent governance for PoS tokens on Polkadot. More
| Fully Diluted Valuation | $8.93M |
|---|---|
| 24H Trading Volume | $1.65M |
| 24H Low / High | $0.11 / $ 0.12 |
| Circulating Supply | 49.65 M |
| Total Supply | 80.00 M |
| Max Supply | 80.00 M |
| Categories | Decentralized Finance (DeFi) 10 more |
|---|---|
| Founder | Lurpis Wang |
| Website | bifrost.io Whitepaper 1 more |
| Socials | 6 more |
| Chains | Bifrost Ecosystem |
| Explorer | Bscscan 5 more |
| Name | Pair | OG Score |
|---|
Bifrost (BNC) emerges as a groundbreaking decentralized finance (DeFi) project within the Polkadot ecosystem, designed to redefine liquidity and staking for proof-of-stake (PoS) tokens. The project introduces vTokens, such as vKSM and vDOT, allowing users to seamlessly convert their PoS assets into these Staking Derivatives Voucher Tokens. One notable feature is the elimination of nominating delays, enabling users to earn staking rewards from day one of nomination without any locking periods. BNC, the native token of Bifrost, plays a central role in this ecosystem, facilitating transactions, delivering liquidity, and unlocking various benefits for users.
Bifrost's unique value proposition lies in its ability to provide cross-chain liquidity for staked assets across over 80% of PoS networks. Leveraging the cross-consensus message (XCM), Bifrost's web3 derivatives protocol ensures decentralized cross-chain liquidity services, ultimately lowering staking thresholds and enhancing multi-chain staking ratios. The protocol's transparent and democratic governance model empowers users to regulate business parameters, fostering a vibrant StakeFi ecosystem. Notably, vTokens offer versatile applications, optimizing transactions in scenarios ranging from DeFi and decentralized applications (DApps) to both decentralized (DEXs) and centralized (CEXs) exchanges. With its commitment to high transparency, Bifrost positions itself as a key infrastructure for pledged assets, revolutionizing how users interact with liquidity and staking in the Polkadot ecosystem.
Founded by Lurpis Wang, Bifrost has secured significant funding from top-tier venture capital firms, including NGC, SNZ, DFG, CMS, and a Web3 Foundation Grant. Wang's vision, combined with a team of seasoned professionals, has propelled Bifrost to the forefront of the DeFi landscape. As a member of the Substrate Builders Program and the Web3 Bootcamp, Bifrost exemplifies the commitment to innovation and collaboration that defines the Polkadot ecosystem.
Bifrost Native Token (BNC) stands out for enabling instant staking rewards and cross-chain liquidity, transforming PoS tokens like DOT and KSM into versatile vTokens.
Bifrost Native Token (BNC) was founded by Lurpis Wang, a visionary with a background in technology, who assembled a dedicated team to launch the innovative DeFi project in 2019.
Bifrost Native Token (BNC) has garnered support from top-tier venture capital firms, including NGC, SNZ, DFG, CMS, and secured funding from the Web3 Foundation Grant.
You can buy Bifrost (BNC) on Gate.io, MEXC, Kraken, KuCoinBingX cryptocurrency exchanges.
