What is Bifrost (BFC)?

Bifrost token, known by its ticker BFC, is a cryptocurrency that operates within the Bifrost ecosystem, which is designed to enhance liquidity and staking capabilities across blockchain networks, particularly focusing on the Kusama and Polkadot ecosystems. Bifrost's primary innovation is its approach to liquid staking, allowing users to stake their tokens while still retaining liquidity through the issuance of derivative tokens. This means that when users bond their Kusama or DOT tokens for participation in parachain projects, they do not lose access to their assets; instead, they receive derivative tokens that can be traded or utilized in other decentralized finance (DeFi) applications. The Bifrost platform addresses a significant challenge faced by users in the blockchain space: the loss of liquidity during staking periods. Traditionally, when tokens are staked or bonded for crowd loans, they become illiquid for extended periods, which can last up to 48 weeks. Bifrost mitigates this issue by allowing users to receive derivative tokens in exchange for their staked assets, thus enabling them to trade or stake these derivatives while their original tokens remain locked. This innovative mechanism not only enhances user flexibility but also increases the overall utility of the staked assets within the broader DeFi landscape.

Bifrost (BFC) price statistics

As of January 2, 2025, the current price of the BFC token on DEX markets is $0.04338, with a total DEX liquidity TVL of $52,525.33. The BFC token trades on 1 blockchains and 3 DEX (decentralized exchanges). The total DEX trading history for the last 24 hours includes 4 trades (TXNS) with a trading volume of $1,700.43.

Frequently Asked Questions

What is the DEX daily trading volume of Bifrost (BFC)?

The total 24-hours trading volume on all DEX exchanges for BFC token is $1,700.43.

What is the DEX TVL (Total Value Locked) of Bifrost (BFC)?

The total DEX TVL of Bifrost (BFC) is $53,485.27 in the last 24 hours.

What blockchain is the token BFC launched on?

The Bifrost BFC token is launched on the Ethereum.

What is the exchange rate of 1 USD to BFC?

DEX exchange rate of 1 BFC to USD is $0.04338 as of 7:06 PM UTC.

How much BFC can I purchase with 1 USD?

Based on DEX current exchange rate, you can buy 23.047253493040063 BFC for 1 USD.