Following the Bifrost CC2 Incentive Testnet on July 21, the Bifrost Asgard CC3 Testnet launched on September 24. vToken (voucherToken) exchanges have been added to the CC3 campaign for vKSM and vDOT exchanges. Starting today, October 10th, you can exchange DOT and KSM on Bifrost Testnet (NOTE: these tokens have no value). vEOS exchanges will not count towards the reward.
This is a step-by-step guide for exchanging DOT and KSM on Bifrost Asgard CC3 Testnet into vTokens (vDOT & vKSM).
vToken Balance Competition has a reward pool of 6,000 BNC
Calculate: (vKSM + vDOT)/SUM(vKSM + VDOT)*6,000 BNC
Create a BNC wallet
You need to have a BNC address to take part in this program.
1/ Go to https://dash.bifrost.finance/#/explorer
It can take some time before the dashboard is connected to Bifrost Testnet.
When you see a blue header, you are ready to go!
2/ Click on: Accounts | Accounts
3/ On the left you can ‘Add account’
4/ A form pops-up. Choose a name and password. The most important part of this form is your mnemonic seed! Write this down, take a screenshot, … just don’t lose it.
5/ Click on ‘Next’ and ‘Save’. Store your *.json file somewhere on your computer, cloud, … In case you lose your mnemonic seed you can always restore your account with this file.
6/ Locate your BNC address, click on your BNC wallet name. Double click on your address and copy it to your clipboard. In this case: dE3UYB34ULriLBv6eB9hym3Cb7HAKW219rKWRsoQJzzbwky
7/ Load up your account with some tokens to be used on Bifrost Testnet. Join: https://t.me/bifrost_faucet | Typ this command /want YOUR_BNC_ADDRESS (note: it’s possible you have to try several times before receiving your tokens)
8/ Check your balance:
Exchange to vToken
1/ Open dashboard | https://dash.bifrost.finance/
2/ Go to ‘Developer’ and click on ‘Extrinsics’
3/ Complete the form
- 1: select the address where your test tokens are located
- 2: select ‘convert’ and ‘toVtoken(vtoken…)’
- 3: here you can choose if you want to convert your DOT into vDOT or your KSM into vKSM
- 4: select your amount you want to see converted
- 5: submit and sign your transaction
4/ You will now get the following notification:
5/ Select your balance on the account dashboard
Written by PromoTeam
What is PromoTeam?
PromoTeam — is the international team of Polkadot fans with experience in different activities: sales growth, business communications and strategy, promotion, advertising, mathematics, programming, entrepreneurship, and many others. Our main task — increase the value of the Substrate ecosystem by involving many people focused on scaling the product and community. Our goal — to give the Polkadot and Substrate community the real utility to promote Substrate projects.
What is Bifrost
Bifrost is the DeFi project for PoS tokens, which include both staking and liquidity. It is developed based on Substrate and built on the Polkadot network. As a DeFi project in the Polkadot ecosystem, Bifrost users can swap PoS Tokens into vTokens through the Bifrost Protocol at any time to obtain Staking rewards and liquidity. Getting rewards from the first day, without any locking periods. BNC is Bifrost native token.