Bifrost POC-2 Testnet Supports the Issuance of BNC |Weekly Report 06

Bifrost Finance
2 min readApr 18, 2020

Latest News

Since the end of Bifrost 01 AMA last week, community partners have been more interested in Bifrost’s working principle and project progress. In the first AMA campaign, a total of 10,716 WeChat participators participated. The team issued the BNC mainnet certificate after collecting statistics on the campaign data. At present, the BNC mainnet certificate is stored in the Bifrost test network and is not transferable / transactionable. When the Bifrost mainnet is online, it can be exchanged for BNC 1: 1. Thank you again for your support for Bifrost activities!

Next Monday (April 20, 8:00 pm UTC+8), Bifrost will join Lian Du to launch the second round of AMA. The theme of the event focuses on the new scene of how to extend staking across the chain. This event time For 3 days, as of April 21, everybody can participate as soon as possible! Tip: Realizing the transaction in disguise through the behavior of buying and selling private keys will take a high risk. Here is a risk reminder, and it is not recommended that everyone have such behavior. If you think Bifrost makes you shine, you may grow with it. Look forward to it. Bifrost’s main online is a better way to support and benefit.

Operation Week’s Work

Collect & settle early bird node activity BNC

Issue the second AMA planning and content work

Deploy April 27th round table meeting

Formulate the second AMA activity rules to prevent the unfair participation means such as script / swipe amount from affecting the equality of activities

Development Week’s Work

Upgrade and merge substrate 2.0.0.alpha-5 version

Bifrost-eos-relay substrate-subtx replaces substrate-api-client

Released bifrost node docker image v0.2.3

BNC mainnet credential test audit & settlement script

Development of off-chain API Service such as vToken transaction history and revenue statistics

What is Bifrost?

Bifrost is a Parachain designed to liberate Staking liquidity. Users can convert PoS currency 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.



Bifrost Finance

Bifrost Finance is a parachain designed for staking’s liquidity