Bifrost’s Leading Reward Plan Adjusted
Bifrost’s leading reward plan adjusted, becoming Asgard Hero and winning thousands of BNC rewards.
Kusama’s 4th Parachain slot auction has entered the final sprint stage. The Ending Period Candle Auction will be officially started at block #8,251,581 of the Kusama relay chain, approximately at 8:30 on July 8, GMT. The final winner will be elected at 9:00 on July 13th, GMT.
Leading Reward Plan & Asgard Hero
In order to secure the 4th Parachain slot, Bifrost needs to maintain a continuous lead. To this end, Bifrost has launched a gradient leading reward strategy, with rewards up to 250%. When Bifrost is the first candidate in the 4th Auction and is ahead of the second candidate by certain KSM amount, all contributors can receive additional bonuses.
Bifrost Parachain auction advantages
Bifrost will initiate the Token Generation Election proposal after the parachain is launched. Once the proposal is passed, all mainnet BNC vouchers will be converted to native tokens and the transfer will be initiated. 50% BNC reward will be released immediately, and the remaining part will be released linearly within 48 weeks.
About Bifrost
Bifrost is the Polkadot Ecological DeFi basic protocol. It is committed to becoming an infrastructure for pledged assets to provide liquidity. Bifrost launched derivatives vToken for Staking and Polkadot Parachain Slot (Crowdloan). It has obtained $2.15M in fund-raising from NGC, SNZ, DFG, CMS and other institutions and Web3 Foundation Grant. It is also a member of Substrate Builders Program and Web3 Bootcamp.
