Learn and Earn with BIFROST CITY Academy: Kucoin
Updated May 30, 2022 at 6:40 AM UTC
(All events below begins on May 30, 2022 at 10:00 AM UTC and ends June 6, 2022 at 10:00 AM UTC)
BIFROST CITY is an all-in-one ecosystem of projects that are supported by or built on top of BIFROST — a multichain middleware platform. BIFROST’s cross-chain technology is essential to bolster the numerous blockchain networks, such as Ethereum, Binance Smart Chain, Polygon, etc, throughout BIFROST CITY to maximize scalability, interoperability, and flexibility.
In the next following months, BIFROST will evolve into the BIFROST Network to accelerate our overarching project vision: to make DApps work. We believe that the BIFROST Network will provide solutions for projects to transition from Web2.0 to Web3.0 and for DApps facing current limitations.
The BIFROST Network will accelerate efforts in attracting on-chain communities through powering multiple blockchains for multichain financial services including payments with the best customized infrastructure for building killer DApps. These communities supporting multichain through our mainnet will each play its part in completing the City of BIFROST across all categories:
Let’s take a closer look into these categories.
BIFROST is an open-source platform based on the EVM-compatible Polkadot Substrate enabling cross- chain financial activities in one interoperable ecosystem. Powered by the multichain technology, BIFROST provides a developer-friendly environment for building truly scalable DApps with cross-chain decentralized finance (DeFi) and decentalized exchanges (DEX), including lending and swaps. Powered by the native BFC token, BIFROST will use the staked BFC tokens to vote and elect the initial validator nodes at network launch in Q2/Q3 2022. Participate in BFC Staking for 20% APR before the official launch of the network.
BiFi, the first multichain DeFi project built on BIFROST, is a lending, staking and liquidity pool mining (pooling) platform that offers the first decentralized Bitcoin-collateralized lending against Ethereum assets, and vice versa. Through multichain connectivity, BiFi aims to build a financial infrastructure connecting all the capital markets to allow capital and data to flow seamlessly from one blockchain to another. With the launch of BIFROST Network, BiFi will experience a fresh start by migrating to the BFC Network. Learn about how this will affect you.
In 2021, BIFROST launched an automated leverage trading platform called BiFi X that allows users to open yield farming and margin trading positions in a few clicks. Using flash loans to perform the leverage in a single transaction, BiFi X improves the leverage trading experience of users and provides an efficient way to maximize returns while saving time and multiple transaction fees. As an extension of BiFi, BiFi’s flash loans allow users to completes both loans and repayments in one transaction, allowing leverage without limiting equity capital. Additional features have recently been integrated to BiFi X to become the most innovative and powerful DeFi. This development not only solves the issues of high gas and service fees, but also enhance the functionalities for any user to trade like an expert.
Named after the Quartermasters in James Bond, ChainRunner Q is designed to be the most flexible automated DeFi aggregator built for end-users to easily use multiple blockchain services. With its pre-built scenarios, ChainRunner Q focuses on providing users a simple and effortless way to provide blockchain services in one unified platform where users can readily execute complex DeFi strategies — such as swap, buy, stake, or lend — all available on the ChainRunner scenario map. Stay tuned for ChainRunner M!
Owly is a decentralized daily leverage trading platform that curates the most profitable trading strategies to help users make better and faster trading decisions and earn maximum DeFi rewards. With Owly, anyone can build out a winning trading strategy and a complex portfolio with minimized trading steps, in-app swaps, and asset management functionalities to enjoy increased leverage and high profits with only 0.01% fees.
To start your journey into the decentralized crypto world, you will need a wallet. More specifically, you will need a decentralized multichain wallet that allows users to solely own, send, receive, and store a wide range of assets scattered across different blockchains in one place. Starting with the decentralized lending platform BiFi, Biport integrates DeFi features directly within the app to provide users with the best multichain DeFi experience without compromising security. Stay tuned for our Biport mobile app!
Bitizn is a collection of 10,000 unique digital collectibles that represents your citizenship in BIFROST CITY. All Bitizns — Decentral, Central, and Merchants — will reap the most exclusive benefits in the financial haven and be granted premium access to every corner of the multichain city, especially in BMall — a multichain NFT marketplace for trading art and gaming digital collectibles across different blockchains. Bitizn holders can reap NFT fees with BMall’s exclusive Community Fee system that introduces a shared transaction fee model that incentivizes all NFT holders among all marketplace users.
- Multichain DEX
- DevKit (for Game, DeFi)
- Multichain Investment
- Multichain Payment (Biport)
- Multichain Yield Aggregator
- BIFROST Network Game Migration
The multichain ecosystem has brought unimaginable opportunities to the world of Web3. We envision this multichain ecosystem growing much bigger in the coming years.
However, the BIFROST ecosystem can only truly pioneer the space with the power of our community. BIFROST is, and will always be, grateful for the unwavering support from each and every members in our global communities all around the world. In 2022, we will continue to build strong communities as we achieve our roadmap — and we truly look forward to this exciting journey together with all our BIFROST community members.
Want to chat in our BIFROST community? Feel free to ask any questions and share your ideas!
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