The intense and exciting Kusama Crowdloan has come to an end, and Bifrost has managed to take the fifth parachain of Kusama.
After successfully connecting to the parachain, the Bifrost mainnet has officially gone live and is expected to issue BNC rewards to all participants in the Bifrost Kusama parachain auction next week. In addition, for each BNC incentive event since June 10, 2021, Bifrost has recorded the Token and the amount of each address in the form of a recording, and has launched a BNC history check function on the home page of Bifrost Dapp, so that you can easily check the details before starting the transfer in the future.
This article will guide you through how to query your personal BNC record on the Bifrost Dapp. At the end of the search, if you have any questions about BNC search, please contact Bifrost Admins on Bifrost Telegram official Community.
BNC Record Checking
Step 1: Open Bifrost Dapp and go to the Dashboard: https://apps.vtoken.io
Step 2: Input the address of your participating Bifrost event
Step 3: Click on the search
After clicking on the search, you can see the details of BNC awards issued for different periods of participation. Those with clear dates mean that the rewards have been issued to the address, the rest are marked as undistributed and will show the exact date after they are issued. (Awards after June 10 are currently undistributed)
BNC is the native Token of Bifrost and will play a vital role in the Bifrost derivatives ecosystem. The initial total supply is 80,000,000 BNC. 32,000,000 of which will be distributed on the Kusama network, with the remaining 48,000,000 to be distributed on Polkadot. A TGE governance poll will be launched soon after the mainnet goes live to vote on the “Turn on BNC Transfer” governance. For more BNC value captures please see the Bifrost Wiki at https://wiki.bifrost.finance/learn/bnc
What is 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 Builder’s Program and Web3.0 Bootcamp.
vToken can optimize transactions in multiple scenarios such as DeFi, DApp, DEX, CEX, and realize the transfer channel of pledge rights such as staking and crowdloan through vToken, realize the risk hedging of pledge assets, and expand scenarios such as vToken as collateral for lending, its staking reward part of the interest can be offset to achieve low-interest loans.
Learn more about Bifrost