This weekly report focuses on the latest progress of the nodes, essays with prizes and KSM airdrops in the past week. The 15-day Bifrost Asgard node activity has been snapped at 12:00 PM today on June 6. Let us review the highlight moment of the Bifrost node incentive activity! In this event, a total of 1,176 nodes from 7 countries participated in the operation, with a total running time of 5,301,549 minutes. At the peak of activity, the number of online nodes reached 890 at the same time, climbing to the №1 of Telemetry nodes. Since the activity effect was far more than expected, the team also accumulated a lot of experience in node stability, node performance, maximum number of connections, runtime hot update, etc. Looking forward to build a safe and stable Bifrost network with the community.
This node reward will be issued at 2020/06/10 12 a.m. (UTC+8), please pay attention the updates via https://reward.bifrost.codes/
The first term of Essay with Reward has ended yesterday. The content of the essay is under review. The result of the essay, the details of the award will be collected next Monday on June 8~
Tips: The 50 KSM airdrop will draw 100 lucky guys to share 50 KSMs today 4 p.m (UTC+8). Airdrop details: https://giveaway.mathwallet.org/#/H334ZFZF2YMR9NKT
Development Week’s Work
Telegram python client monitors new user addresses
Write EOS staking contract
Bifrost App test
Official website 2.0 development
Operation Week’s Work
New users in the public account: 145 people
New Twitter users: 2,615
Plan KSM airdrops and promote “Essay with Reward” writing contest
Write Bifrost WiKi event page
Maintain WeChat Community & Telegram
What is Bifrost？
Bifrost is a Parachain designed to liberate Staking liquidity. Users can convert PoS Token to Bifrost vToken through Bifrost bridge at any time to obtain Staking income and liquidity.
vToken can optimize transactions in multiple scenarios such as DeFi, Dapp, DEX, etc. When vToken is used as a collateral for lending, its staking income can offset part of the interest and realize low-interest borrowing.