BiFi - a Bifrost-based multi-chain DeFi platform that will support borrowing and lending from the outset, and of course, increase revenue. Ultimately, the project will support a broader range of DeFi products along with its own Bifrost Wallet, which supports assets outside of ERC-20.
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Description of the BiFi token
The BIFI token - a governance token, whose holders can vote on suggestions to improve the service. You will also be able to use the coin for various financial services on the project, such as:
- investments;
- insurance;
- trade.
Finally, the token will be used as a payment when using multi-chain services. There will be 1 billion game coins in total. Their initial number is 100 million - 10% of the total. The token will be distributed in two ways:
| The first | 50 million BIFI tokens will be distributed in the first month of WiFi launch. |
| The second | They can be obtained by mining the BFC or ETH liquidity pool or placing BFC bets. |
Initially, 50 million BIFI tokens will be supplied to Uniswap. 40% of 1 billion tokens are allocated to service incentives. 20% - to Yield Farming, which includes liquidity pool mining (BFC / ETH) and staking (BFC). Then 15% go to the team and 15% to insurance. When all coins have been distributed, 2% of 1B tokens will be distributed every year.
How to earn?
There are three ways to earn in-game coins. One of them - purchasing them on the exchange itself. You can also get tokens by mining the liquidity pool (BFC / ETH) and placing bets (BFC) on the platform.
Service promotion will be added shortly. BiFi is a multi-chain DeFi platform, built on Bifrost, that connects directly to bitcoins and other blockchains, thus expanding the DeFi ecosystem, which is currently limited to Ethereum.
Additional information
The company is actively developing its social networks, namely the Medium blog, Twitter, Facebook and Telegram. You could solve any of your problems, as well as you will find out about the upcoming updates, terms of promotions and sweepstakes.