Bifrost

25 Staking Interest
Project Details

Ticker:

BNC


Category:

Staking Protocol


Description:

As a DeFi project in the Polkadot ecosystem, Bifrost launches vToken (Staking Derivatives Voucher Token) which allows users to exchange PoS tokens to vTokens and obtain liquidity and Staking rewards through Bifrost protocol at any time.


Profile Completion:
(% of auctions metrics completed)

50 %


Auction Token Metrics

PCL Token Allocation:
(% of total supply allocated for crowdloan)

13.5 %


Circulating Supply:
(at time of parachain launch)

To be determined


Total Supply:

80,000,000


Listed Price:

To be determined


Auction Reward:
(No. of tokens allocated for parachain crowdloan)

10,800,000


Reward Vesting Schedule:
(months)

42


Initial Reward Release:
(at time of parachain launch)

To be determined


Initial Reward/ Circ.Supply:
(initial reward release as % of circulating supply)

To be determined


Leasing Period:
(months)

24


PCL Reward Details:

Participants staking DOTs with the Bifrost parachain slot will receive rewards in the native token BNC. Bifrost will also provide a liquidity token representing the locked DOTS, tentatively designated as pDOT.

The vesting schedules provided in Bifrost’s whitepaper are split into quarters. The rewards for auction participants will vest at a rate of 7.29% per quarter. All reward tokens will be vested to participants over 3.5 years.


Token Distribution

Token Distribution:

45% - Ecosystem (36,000,000 BNC)
20% - Founder (18,000,000 BNC)
10% - Foundation (8,000,000 BNC)
10% - Reserved (8,000,000 BNC)
10% - Seed (8,000,000 BNC)
5% - Private (4,000,000 BNC)

Of the 36 million BNC (45%) allocated to Ecosystem:
30% - Polkadot PCL (10,800,000 BNC)
5% - Kusama PCL (1,800,000 BNC)
45% - vToken Incentive (16,200,000 BNC)
10% - Collator Incentives (3,600,000 BNC)
10% - Slash Insurance Fund (3,600,000 BNC)


Private Sale Blended Price:

To be determined


Private Sale Detail:

Seed price: $0.075
Seed raise: $600,000 USD
Seed valuation: $6,000,000 USD
Tokens sold: 8,000,000 BNC (10%)

All seed and private sale tokens begin vesting with the mainnet launch and are fully vested by Q5 (15 months) after launch.


Sub-Ecosystem

Ecosystem Partnerships:

10



Landscape

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