Nov 7, 2022
BFC & BiFi Now Supported on Binance Custody
Dear BIFROST and BiFi community members,
We are thrilled to announce that BIFROST’s native token BFC and BiFi’s native token BiFi will be supported on Binance Custody, a world-class institutional-level custody solution. Henceforth, institutional users and individual holders will be able to securely store BFC and BiFi in Binance Custody’s cold wallet.
To commemorate Binance Custody’s support of BFC and BiFi, our team will securely store tokens from our BFC Ecosystem and BiFi Treasury in Binance Custody. Although this will not affect the lockup period or the total amount of BFC and BiFi tokens, there can be a temporary increase in the circulation supply as tokens are transferred to Binance Custody. Our team will make sure to correct any discrepancies in the information provided on CoinMarketCap and Coingecko.
BFC Ecosystem Amount: 349,728,435.4 BFC
BiFi Treasury Amount: 60,000,000 BiFi
About the BIFROST Network
The BIFROST Network is a layer-one blockchain based on a Substrate development framework that enables cross-chain communication. It is a generalized, externally-verified message passing network that aims to connect otherwise separated networks. BFC is the native token that is used for fees in the network and on-chain governance. Read more about the BIFROST Network.
About Binance Custody
Binance Custody is a compliant, insured, standalone digital asset custody service providing world-class security and liquidity solutions to institutional clients. It uses multi-party computation (MPC) technology with a customizable multi-approval scheme offering bespoke solutions that allow institutions to manage their crypto assets safely and efficiently. Its core technology solution is ISO 27001, 27701, and SOC 2 Type 1 certified.
