BNC

Bifrost (BNC)BNC

Rank #1046
Token
On 168,767 watchlists

Bifrost (BNC) Price (BNC)

$0.3181
4.79%

0.00001105 BTC4.64%

0.0001808 ETH4.63%

Low:$0.3159
High:$0.3347
24h
BNC  Bifrost (BNC) BNC
Price:
$0.3181
 4.79%
Market Cap
$3,861,902
4.79%
Fully Diluted Market Cap
$25,444,914
4.79%
Volume
24h
$416,624
24.19%
Volume / Market Cap
0.1079
Circulating Supply
12,142,000.00 BNC
15%
Max Supply
80,000,000
Total Supply
80,000,000
Sponsored

Bifrost (BNC) to USD Chart

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BNC

Bifrost (BNC)

USD

United States Dollar

BNC Price Statistics

Bifrost (BNC) Price Today
Bifrost (BNC) Price$0.3181
Price Change24h-$0.016
4.79%
24h Low / 24h High
$0.3159 /
$0.3347
Trading Volume24h$416,624.30
24.19%
Volume / Market Cap0.1079
Market Dominance0.00%
Market Rank#1046
Bifrost (BNC) Market Cap
Market Cap$3,861,901.78
4.79%
Fully Diluted Market Cap$25,444,913.69
4.79%
Bifrost (BNC) Price Yesterday
Yesterday's Low / High
$0.3176 /
$0.3423
Yesterday's Open / Close
$0.3408 /
$0.3192
Yesterday's Change

6.34%

Yesterday's Volume$391,199.30
Bifrost (BNC) Price History
7d Low / 7d High
$0.3159 /
$0.3481
30d Low / 30d High
$0.3103 /
$0.6687
90d Low / 90d High
$0.3103 /
$1.67
52 Week Low / 52 Week High
$0 /
$6.77
All Time High
Nov 04, 2021 (7 months ago)
$6.77
95.30%
All Time Low
Oct 21, 2021 (7 months ago)
No Data
Bifrost (BNC) ROI

84.08%

Bifrost (BNC) Supply
Circulating Supply12,142,000 BNC
Total Supply80,000,000 BNC
Max Supply80,000,000 BNC

BNC to USD Converter

BNC

Bifrost (BNC)

USD

United States Dollar

BNC Price Live Data

The live Bifrost (BNC) price today is $0.318061 USD with a 24-hour trading volume of $416,624 USD. We update our BNC to USD price in real-time. Bifrost (BNC) is down 4.79% in the last 24 hours. The current CoinMarketCap ranking is #1046, with a live market cap of $3,861,902 USD. It has a circulating supply of 12,142,000 BNC coins and a max. supply of 80,000,000 BNC coins.

If you would like to know where to buy Bifrost (BNC) at the current rate, the top cryptocurrency exchanges for trading in Bifrost (BNC) stock are currently MEXC, KuCoin, Gate.io, Hoo, and Kraken. You can find others listed on our crypto exchanges page.

What Is Bifrost (BNC)?

Bifrost (BNC) is a Polkadot-based parachain designed to provide liquidity and staking without nominating delays. A decentralized finance (DeFi) project in the Polkadot ecosystem, Bifrost allows users to deposit their staking tokens and mint vTokens (Staking Derivatives Voucher Token) to obtain staking liquidity, as well as receive staking rewards when a token is locked by a smart contract. With Bifrost, you can convert a proof-of-stake (PoS) token into a vToken; for example, DOT can be converted into vDOT.

Bifrost is a web3 derivatives protocol that provides decentralized cross-chain liquidity for staked assets. By leveraging on the cross-consensus message (XCM) it can provide cross-chain liquid staking services for multiple chains.

Bifrost’s mission is to provide standardized cross-chain interest-bearing derivatives for Polkadot relay chains, parachains, and heterogeneous chains bridged with Polkadot. Furthermore, by aggregating over 80% of PoS consensus chains’ staking liquidity through cross-chain derivatives, our protocol lowers users' staking threshold, increases multi-chain staking ratio, and improves the ecosystems application interest base, by creating a three-way positive cycle for the StakeFi ecosystem by empowering users, multi-chains, and ecosystem applications.

Bifrost has raised over USD 2M from top-tier venture capital firms by the likes of NGC, SNZ, DFG, CMS and other institutions. In addition to being an early receiver of a Web3 Foundation Grant, Bifrost is also a member of the Substrate Builders Program and the Web3 Bootcamp.

Who Are the Founders of Bifrost?

Lurpis Wang is the Co-founder of Bifrost. He has a degree from the Huazhong University of Science and Technology. Wang has worked at Weibo Corporation and Ping++. He has also founded Liebi Pool, a DeFi project on the IOST network.

In 2019, Wang assembled a team with Maarten Henskens, Bonnie Nie, Ross McDonald, Dawns Xu and launched Bifrost.

What Makes Bifrost (BNC) Unique?

Bifrost is designed to provide liquidity to 80% of PoS networks by allowing users to convert PoS cryptocurrencies to vTokens via transmission bridges. This can be done at any time, with an option to receive additional income and liquidity from the bets.

vTokens can be used to optimize transactions in various scenarios including DeFi, decentralized applications (DApps), and decentralized (DEXs) and centralized (CEXs) exchanges. According to Bifrost’s developers, vTokens allow users to hedge the risks of locked positions and double DeFi and staking rewards.

Bifrost maintains high transparency of all behaviors on its parachain, allows business parameters to be regulated via democratic governance, offers cross-chain support via Polkadot relay, provides vToken rewards regardless of which validator a user is staking with and is 100% backed for staking.

Read about Polkadot and Kusama.

How will ETH 2.0 affect DeFi? Find out with CMC Alexandria.

Stay up-to-date with the latest crypto news on the CoinMarketCap blog.

The Path to the Creation of SALP, the First Slot Liquidity Release Protocol The Block.

How Many Bifrost (BNC) Are There in Circulation?

BNC is Bifrost's native token. The project’s main goal is to turn Bifrost into a fully decentralized network with a stimulated liquid market and to expand the market for staking vTokens; 45% of the reserved tokens are allocated towards achieving this goal.

The total supply of BNC is 80,000,000 tokens. Of those, Ecosystem: 50% Founders and Team: 20% Seed Round: 10% Private Round: 5% Marketing: 3% Mint Drop: 2% Foundation: 10%

How Is the Bifrost Network Secured?

Bifrost is a Polkadot parachain project. Polkadot uses the relay chain plus parachain framework. Parachains don't have to provide security and can use Polkadot's security instead. Polkadot also provides secure communication between networks. With the help of the relay chain, the cross-chain transmission of messages can be carried out without any additional trust mechanisms in a concept known as "shared security."

To enhance the parachain’s security and incentivize proper validator behavior, Bifrost employs Polkadot's Slash mechanism and nominated proof-of-stake (NPoS) rules in a native solution called “Slash risk prevention and control mechanism.”

Where Can You Buy Bifrost (BNC)?

BNC tokens have been distributed via the parachain crowdloan method, held at the Kusama platform. No public sale events are planned for the token.

Learn how to buy Bitcoin and other cryptocurrencies with our comprehensive guide.

Converter

BNC

Bifrost (BNC)

USD

United States Dollar

BNC Price Statistics

Bifrost (BNC) Price Today
Bifrost (BNC) Price$0.3181
Price Change24h-$0.016
4.79%
24h Low / 24h High
$0.3159 /
$0.3347
Trading Volume24h$416,624.30
24.19%
Volume / Market Cap0.1079
Market Dominance0.00%
Market Rank#1046
Bifrost (BNC) Market Cap
Market Cap$3,861,901.78
4.79%
Fully Diluted Market Cap$25,444,913.69
4.79%
Bifrost (BNC) Price Yesterday
Yesterday's Low / High
$0.3176 /
$0.3423
Yesterday's Open / Close
$0.3408 /
$0.3192
Yesterday's Change

6.34%

Yesterday's Volume$391,199.30
Bifrost (BNC) Price History
7d Low / 7d High
$0.3159 /
$0.3481
30d Low / 30d High
$0.3103 /
$0.6687
90d Low / 90d High
$0.3103 /
$1.67
52 Week Low / 52 Week High
$0 /
$6.77
All Time High
Nov 04, 2021 (7 months ago)
$6.77
95.30%
All Time Low
Oct 21, 2021 (7 months ago)
No Data
Bifrost (BNC) ROI

84.08%

Bifrost (BNC) Supply
Circulating Supply12,142,000 BNC
Total Supply80,000,000 BNC
Max Supply80,000,000 BNC