BiFi Token Uniswap Listing (Update)

Published in

Bifrost

4 min readDec 30, 2020

(UPDATE) As of January 5, 2020 5:09 AM UTC, BiFi Token Migration has completed successfully. Please check the new token contract address and Uniswap pair link below.

New Contract Address: 0x2791bfd60d232150bff86b39b7146c0eaaa2ba81

New Uniswap BiFi-ETH Pool

BiFi token will be listed on Uniswap on December 31, 2020 at 6:00 AM UTC. The listing pair will be BiFi-ETH.

BFC Staking Event ends on January 2nd, 2021 at 10:00 AM UTC. The reward and principal will be sent directly to the wallet.

About BiFi

Powered by Bifrost’s multichain technology, BiFi is the multichain DeFi project that will connect not only Ethereum but also other blockchains like Bitcoin, Tron, and Klaytn, thereby expanding the DeFi ecosystem currently limited to Ethereum. Through this multichain connectivity, BiFi will lower the gas fees, increase accessibility, and expand the ecosystem to enable more innovative financial products to more people.

BiFi Roadmap

January 2, 2021 — Staking & Pooling: Launch staking service for BFC and Uniswap BFC-ETH LP token to receive BiFi token rewards.
January 7, 2021 — Lending & Rewards: Launch lending and borrowing service that supports various ERC-20 tokens to receive BiFi token rewards.
Visit BIFROST & BiFi website for more information

3 Functions of BiFi Token

As the currency of BiFi platform, BiFi tokens can be used to:

Propose and vote on decisions for the BiFi ecosystem as governance token
Use various financial services of BiFi
Pay for using multichain DeFi services on BiFi

Details of Uniswap Listing

BiFi token will be listed on Uniswap on December 31, 2020 at 6:00 AM UTC. The listing price of BiFi token is $0.008 and Bifrost will deposit 10 million BiFi tokens into the Uniswap Liquidity Pool. The amount of ETH is subject to change depending on its price, and we will announce the exact amount of ETH to be deposited on the listing day again on this post and our Telegram groups. Link to the Uniswap link will also be posted.

BiFi Token Contract Address: 0xdb7bb52ac3f9e2f6153a3f9dcdd4d67f9f836034 (OLD ADDRESS)

CoinMarketCap Address:
https://coinmarketcap.com/currencies/bifi/

If you have not used Decentralized Exchange (DEX) before, refer to this video tutorial:

Uniswap Tutorial by Boxmining
MetaMask Tutorial by Boxmining
MetaMask, Uniswap, and BiFi Staking & Pooling Tutorial on Mobile

About Uniswap

Uniswap is a fully decentralized protocol for automated liquidity provision built on Ethereum that has brought notable changes to cryptocurrency trading and has been a catalyst of the recent surge of DeFi projects.

BiFi Token Distribution Plan

A total of 1 billion BiFi tokens have been created. BiFi tokens will be distributed as the following:

5% of total supply — 50 million BiFi tokens will be distributed as a reward for participating in the pre-launch Pooling & Staking event held from Dec 2 — Jan 2, 2020.
5% of total supply — 50 million BiFi tokens will be used for listing on exchanges. 10 million BiFi (1%) will be used for listing on Uniswap exchange and 40 million BiFi (4%) will used for listing on Centralized Exchanges (CEX).
40% of total supply — 400 million BiFi tokens are allocated as rewards for using Lending & Borrowing service.
20% of total supply — 200 million BiFi tokens are allocated as rewards for using Pooling & Staking service.
15% of total supply — 150 million BiFi tokens are allocated to Team.
15% of total supply — 150 million BiFi tokens are allocated to Treasury & Insurance.

All BiFi tokens will be distributed within a span of 4 years. When all 1 billion tokens have been distributed, 2% of total supply will be inflated each year. See the chart below for BiFi token distribution.

📌 Total token supply and schedule of token distribution may change through governance.
📌 Rewards for future services will be allocated from Lending & Borrowing Rewards

BFC Staking Reward for Pre-Launch Event

The ongoing Pooling & Staking service will end on January 2 at 10:00 AM UTC. All staked BFC and LP tokens and accrued BiFi rewards will be distributed back to the staker’s wallet addresses used to deposit BFC or BFC-ETH pairs.

After the conclusion of the pre-launch event, the official Pooling & Staking service will open, where users can deposit BFC and BFC-ETH to continue earning BiFi tokens as well as withdraw and claim at any time. Users will be able to start depositing at 10:00 AM UTC, but the actual BiFi rewards will start accruing starting 11:00 AM UTC.

Essentially, everyone who participated in the pre-launch event can receive their BFC and BFC-ETH LP tokens and stake it right back for even more rewards.

Pooling: https://pooling.bifi.finance
Staking: https://staking.bifi.finance

BiFi Token Pooling

Starting 6:00 UTC, Pooling g will also support BiFi tokens.

Just like BFC Pooling, you will be able to stake your BiFi-ETH Uniswap LP Tokens to earn even more BiFi tokens. You will also be able to withdraw your stake and claim your rewards any time.

Stay with Bifrost & BiFi