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Bifrost will support Bit.Country

Published date: October 27 2021
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Bifrost will support Bit.Country Pioneer in Kusama slot auctions through the SALP protocol and releasing its contributors’ bonding liquidity.

We are proud to announce that Bit.Country & Metaverse Network has reached strategic cooperation with Bifrost Finance, and Bifrost will be supporting Bit.Country Pioneer in the third batch of the Kusama slot auctions through the SALP protocol and releasing its contributors’ bonding liquidity.

Bit.Country Pioneer x Bifrost

Bit.Country & Metaverse Network is an application framework and blockchain for user-created metaverses and games. Bit.Country enables everyone to start their own metaverse for their social groups using the 3D world, NFTs, play-to-earn & build communities to earn, and takes community engagement to a new decentralized dimension on Web3.0.

Bit.Country & Metaverse Network is disrupting the current creators’ value system built by web2.0, as traditional social platforms are harvesting the value from the community’s time, only distributing a portion of the profits to the creators while members are only being entertained, but not rewarded.

Bit.Country Pioneer Network (Application & Blockchain for Kusama), the pioneering network is the sister and canary platform for Kusama. Just as Bit.Country will serve as the de-facto metaverse portal of Polkadot, Bit.Country Pioneer will serve as the metaverse portal of Kusama.

Bit.Country will partner with Bifrost to fast-track crowdloan liquidity release using SALP integration thus releasing locked KSM from Bit.Country Pioneer’s crowdloan. The expected timeline for integration is hoped to be in time for the 3rd batch of auctions. By using the SALP protocol, users will be able to join derivatives mining with vsKSM, and receive Bifrost’s native token $BNC as a reward. This is on top of the $NEER rewards that users receive as part of the Bit.Country Pioneer crowdloan rewards. Once Bit.Country Pioneer wins the auction, the vsKSM will be tradable for swapping between KSM and other assets effortlessly.

SALP, known as the Slot Auction Liquidity Protocol, is a protocol introduced by Bifrost Finance to release liquidity from locked DOT/KSM positions in parachain auctions by issuing derivative assets anchored to locked assets.

About Bifrost

Bifrost is the Polkadot Ecological DeFi basic protocol. It is committed to becoming an infrastructure for staked assets to provide liquidity. Bifrost launched derivatives vToken for Staking and the Polkadot Parachain Slot (Crowdloan). It has obtained $2.15M in fund-raising from NGC, SNZ, DFG, CMS as well as the Web3 Foundation Grant and other institutions. It is also a member of the Substrate Builders Program and Web3 Bootcamp.

vToken can optimize transactions in multiple scenarios such as DeFi, DApp, DEX, CEX, and realize the transfer channel of stake rights such as staking and Crowdloan through vToken, realize the risk hedging of stake 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

Website | Github | Telegram | Medium | TwitterDiscord

About Bit.Country

Bit.Country & Metaverse Network is an application framework and blockchain for user-created metaverses and games. Bit.Country enables everyone to start their own metaverse for their social groups using the 3D world, NFTs, play-to-earn & build communities to earn, and takes community engagement to a new decentralized dimension on Web3.0.

Bit.Country & Metaverse Network is disrupting the current creators’ value system built by web2.0, as traditional social platforms are harvesting the value from the community’s time, only distributing a portion of the profits to the creators while members are only being entertained, but not rewarded.

Bit.Country Pioneer Network (Application & Blockchain for Kusama), the pioneering network is the sister and canary platform for Kusama. Just as Bit.Country will serve as the de-facto metaverse portal of Polkadot, Bit.Country Pioneer will serve as the metaverse portal of Kusama.

  • Our core founding team launched three other successful global startups in tech, education, and real estate since 2013.
  • Accepted participant of Berkeley Blockchain Xcelerator (2021), Bootcamp (2021) at Creative Destructive Lab of Toronto University, and a Web3 Foundation Grant Winner. A member of the Substrate Builders Program.
  • On May 12th, 2021, Bit.Country completed the seed round capital raise of 4M USD from reputable venture capitals. Read more…
  • Our testnet has over 1600 node operators. Node operators are excited about energizing one of the biggest social experiments on web3.0.
  • On our early access waiting list, there are 60,000+ users eager to create their own metaverses for their people, and grow it into a valuable asset.
  • We designed our token distribution in a community-first approach.

Need more information about Bit.Country Metaverse Network?

Website | Twitter | Medium | LinkedIn | Facebook | Telegram | Discord | Documentation


Bifrost will support Bit.Country was originally published in Bit.Country on Medium, where people are continuing the conversation by highlighting and responding to this story.