Bifrost Will Support BitCountry in Kusama Slot Auctions Through The SALP Protocol

Published on: 28.10.2021

Bifrost will be supporting Bit.Country Pioneer in the third batch of the Kusama slot auctions through the SALP Protocol and releasing its contributors’ bonding liquidity.

BitCountry & Metaverse Network is an application framework and blockchain for user-created metaverses and games. Bit.Country enables everyone to start their own metaverse for their social groups using the 3D world, NFTs, play-to-earn & build communities to earn, and takes community engagement to a new decentralized dimension on Web3.0.

BitCountry & Metaverse Network is disrupting the current creators’ value system built by web2.0, as traditional social platforms are harvesting the value from the community’s time, only distributing a portion of the profits to the creators while members are only being entertained, but not rewarded.

BitCountry will partner with Bifrost to fast-track crowdloan liquidity release using SALP integration thus releasing locked KSM from Bit.Country Pioneer’s crowdloan. The expected timeline for integration is hoped to be in time for the 3rd batch of auctions. By using the SALP protocol, users will be able to join derivatives mining with vsKSM, and receive Bifrost’s native token $BNC as a reward. This is on top of the $NEER rewards that users receive as part of the Bit.Country Pioneer crowdloan rewards. Once Bit.Country Pioneer wins the auction, the vsKSM will be tradable for swapping between KSM and other assets effortlessly.

About Bifrost

Bifrost is the Polkadot Ecological DeFi basic protocol. It is committed to becoming an infrastructure for staked assets to provide liquidity. Bifrost launched derivatives vToken for Staking and the Polkadot Parachain Slot (Crowdloan). It has obtained $2.15M in fund-raising from NGC, SNZ, DFG, CMS as well as the Web3 Foundation Grant and other institutions. It is also a member of the Substrate Builders Program and Web3 Bootcamp.