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, corresponding to DOT or ETH, on the Bifrost platform and obtain a vToken of equal worth (vDOT or vETH), permitting them to entry decentralized finance functions whereas nonetheless receiving staking rewards.
The candle public sale for the fifth parachain slot ended on block 8,355,247 and Bifrost gained the public sale with a complete quantity of 142,431 KSM bonded to its undertaking.
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 Assist Heart when these particulars change into accessible.
Rewards for supporting parachain initiatives differ per undertaking. Please see our Assist Heart article for an illustrative breakdown of the potential rewards per KSM contributed, share of tokens issued to parachain public sale contributors, marketing campaign durations, token vesting schedules and extra. The Assist Heart will solely replicate data on at present supported initiatives.
When will the Bifrost platform be reside?
Probably within the following weeks. We’ll replace this weblog and e-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.