Announcement of Bifrost 2nd Phase Coin Airdrop Rules

Bifrost willFebruary 8, 2021 at 14:00Open the second phase of Mint Drop, total airdrop500,000 BNC. This issue of Mint Drop will be divided intoThree rounds of airdrop, each round limit is 5,000 ETH, the total limit is 15,000 ETH, and the hard cap time of each round is 72 hours. If the vETH limit is full, the round will end immediately. If the vETH limit is not full within 72 hours, the round will be BNC Rewards are divided according to the vETH coinage of the participants in this round, ie (Individual minting amount of this round/Participating minting amount of this round* The total amount of BNC airdrops in this roundimage description

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casting1 ETH will get 1 vETH, if the casting time is before the end of the countdown of this round or before the casting is full, it will be recorded as a successful participant of this round of airdrop, and the corresponding BNC reward will be obtained. holdvETH can get ETH 2.0 Stakingincome (currently the ETH standard annualized income is 11%), and vETH can beUniswap、LoopringWaiting for DEX to trade, currentlyLiquidity depth is $2 millionfirst level title

The total amount of Bifrost Native Coin is 80 million, of which45% will be used as Ecosystem ecosystem incentives, including PLO card slot auction (quantity to be determined), vToken minting incentives, Slash system insurance, Collator reserved rewards, etc.10% Reserved reserved partBudgets for burning, slot auction, Mint Drop, and community construction are waiting to be allocated, and will be adjusted according to the parachain slot auction strategy and community construction, and will be finalized before the Bifrost mainnet goes live.Bifrost has recently announced the completion of angel round financingimage description

(BNC allocation structure)

Three days before the launch of the Ethereum 2.0 beacon chain on November 27, 2020,Bifrost launched vETH, a Staking derivative for ETH 2.0, vETH will be launched in four stages, namely:

• Open vETH minting, transfer

• Start multi-signature Deposit to generate Staking income

• Convert to ERC20 and Substrate dual-protocol assets (Bifrost mainnet launch)

• ETH 2.0 sharding is successful, and vETH starts rigid redemption of ETH

At present, vETH is in the second stage, based on the Ethereum ecologyTransaction, Staking revenue generation, distributionThe contract is audited by CertiK. After the Bifrost mainnet goes live, vETH will enter the third phase and will become aERC20 and Substrate compatible dual-protocol assets, while being used in Ethereum, it can also be circulated and used in various parallel chains.

At present, vETH can be minted in imToken, TokenPocket, MathWallet, AToken, ONTO and other wallets. After nearly a month of liquidity construction, vETH has been minted inEthereum Layer 1 and Layer 2 NetworksAt the same time, vETH's stable discount rate also shows the market's recognition of vETH's decentralized rigid acceptance. After the first phase of Mint Drop, vETH's minting volume is24 hoursinner breakthrough10,000 ETH Good grades, and these accumulations will serve as futureETH enters the Polkadot ecosystem as a cross-chain assetpledged assets

Bifrost (Rainbow Bridge) isPolkadot Ecological DeFi Basic Protocol, aiming to bepledged assetsAn infrastructure that provides liquidity, currently launching derivatives for Staking and Polkadot Parachain Slots (PLO)vToken. currently obtainedNGC、SNZ 600,000 US dollars in seed round financing andWeb3 FoundationGrant, alsoSubstrate Builders Program、Web3 Bootcamp member.

low interest loanlow interest loan。