We’re excited to announce that Bifrost secured the fifth parachain slot on Kusama – Congratulations!
Slot 5 Winner
Bifrost (BNC) – Bifrost supplies staking liquidity to anybody accessing its community. This implies token holders can stake any cryptocurrency, comparable to DOT or ETH, on the Bifrost platform and obtain a vToken of equal worth (vDOT or vETH), permitting them to entry decentralized finance purposes whereas nonetheless receiving staking rewards.
The candle public sale for the fifth parachain slot ended on block 8,355,247 and Bifrost received the public sale with a complete quantity of 142,431 KSM bonded to its mission.
The quantity of BNC token rewards per KSM and when they are going to be distributed is being finalized by Bifrost. We’ll replace this weblog and the Kraken Help Heart when these particulars turn into out there.
Rewards for supporting parachain initiatives range per mission. Please see our Help Heart article for an illustrative breakdown of the potential rewards per KSM contributed, proportion of tokens issued to parachain public sale contributors, marketing campaign durations, token vesting schedules and extra. The Help Heart will solely replicate data on at the moment supported initiatives.
When will the Bifrost platform be stay?
Probably within the following weeks. We’ll replace this weblog and electronic mail all purchasers who contributed when Bifrost supplies extra particulars.
What occurs to the opposite initiatives I supported that didn’t win?
KSM contributed to different initiatives will proceed to help the bid of these initiatives to win Slot 6. For extra details about the sixth slot and extra FAQs please see our preliminary weblog.