Bifrost Price
(BFC)
USD($)
Bifrost (BFC) Live Price Chart
Overview
About
Analysis
FAQ
Bifrost Live Price Data
How do you feel about Bifrost today?
Note: This data is for reference only.
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Bifrost(BFC) Profile
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Website
Documentation
Explorer
Contract
Ethereum 0x0c7D5a...b9c
Audited By
https://www.certik.com/projects/bifrost
Investors
Zonff PartnersSNZ HoldingSevenX VenturesKernel VenturesYoubi CapitalIncuba Alpha
$0.04552
$0.04846
$0.79495
+0.72%
+4.06%
+10.32%
$64.21M
$2,082
1.39B
4B
About BFC
How can I buy Bifrost (BFC)?
What Is Bifrost (BFC) Crypto?
Bifrost (BFC) is a cryptocurrency and platform designed to enable multichain capabilities. It allows developers to use multiple blockchain protocols seamlessly. With Bifrost, you can stake, borrow, and earn using BFC tokens. It focuses on providing flexible and secure staking solutions across different blockchains.
Bifrost aims to make staking more accessible and liquid, which means you can earn rewards without locking up your assets for long periods. The platform also ensures the economic security of the network by leveraging the BFC token.
How Does Bifrost Work?
Bifrost acts as a bridge between various blockchains. It enables you to run decentralized applications (dApps) that can use multiple blockchain protocols without needing to switch between them.
The platform has two key components: the execution stack and the operation stack. The execution stack handles interactions between different blockchains, ensuring security and scalability. The operation stack manages the deployment and communication of dApps across these blockchains.
Bifrost uses linkers to facilitate cross-chain communication. These linkers handle transactions, data transfers, and updates between different blockchain networks.
The native token, BFC, is used for transactions, staking, and governance within the network. You can earn rewards by staking BFC and participate in network governance by voting on proposals. This setup allows you to benefit from the features of multiple blockchains while maintaining a seamless user experience on a single platform.
History of Bifrost and BFC Coin
Bifrost (BFC) was founded by Dohyun Pak and launched in 2020. Bifrost’s roadmap includes enhancing cross-chain capabilities, expanding supported blockchains, and improving its staking and governance features.
What Is BFC Token Used for?
The BFC token is used for several key functions within the Bifrost network:
- Transaction Fees: You use BFC tokens to pay for transaction fees across different blockchain networks integrated into Bifrost.
- Bifrost Staking: You can stake BFC tokens to earn rewards. This helps secure the network and participate in governance decisions.
- Governance: BFC token holders can vote on proposals that affect the future of the Bifrost network.
- Cross-Chain Operations: BFC tokens facilitate seamless cross-chain operations, enabling you to use dApps across multiple blockchains without switching tokens or networks.
- Trade BFC on KuCoin: After you DYOR, trade Bifrost token against other cryptos on the KuCoin Spot Market to profit from changing market conditions and volatility. Based on your investment goals and risk tolerance, buy, sell, or HODL $BFC.
What Is Bifrost Tokenomics?
The total supply of BFC tokens is approximately 2.58 billion. The tokens were initially distributed through private and public sales. Early participants and network users received most of these tokens as rewards.
Bifrost employs a dynamic inflation model to incentivize staking. The more tokens you stake, the higher your rewards. Additionally, a portion of transaction fees is burned to reduce the total supply, increasing the token's value over time.
Bifrost (BFC) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $0.00185 | 4.07% |
| 7 Days | $0.00346 | 7.89% |
| 30 Days | $0.00731 | 18.27% |
| 3 Months | $0.00821 | 20.99% |
24H Investment Barometer
24H
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The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
Risk warning：Please note that the Investment Barometer is provided for informational purposes only and is not an investment advice. Investing carries risk. Please make investment decisions cautiously and based on your own judgement.
Strong SellSellNeutralBuyStrong Buy
Bifrost Conversion Rate
FAQ
How much is 1 Bifrost (BFC) worth?KuCoin provides real-time USD price updates for Bifrost (BFC). Bifrost price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time BFC to USD exchange rates.
Is Bifrost (BFC) a Good Investment?
The following features make Bifrost an attractive option for those looking to invest in a versatile and innovative blockchain project:
- Interoperability: Bifrost allows seamless interaction across multiple blockchain networks, enhancing the flexibility and usability of dApps.
- Staking Rewards: You can stake BFC tokens to earn rewards. This process not only provides passive income but also contributes to the network's security and governance.
- Deflationary Mechanism: Bifrost uses a deflationary model where a portion of transaction fees is burned. This reduces the circulating supply of BFC tokens over time, potentially increasing their value.
- Versatility: BFC tokens are used for various purposes within the Bifrost ecosystem, including paying transaction fees, participating in governance, and earning through staking.
What Is Bifrost Price Prediction?
Several factors influence the BFC price prediction:
- Market Demand and Supply: Like all cryptocurrencies, the price of BFC is influenced by the balance between its demand and supply in the market. Higher demand with limited supply typically drives the price up, while an oversupply with less demand can cause the price to fall.
- Market Sentiment: Investor sentiment and market perceptions significantly impact the Bifrost price. Positive news, such as partnerships or technological advancements, can boost the price, while negative news can lead to declines.
- Adoption and Usage: The level of adoption and use of the Bifrost network affects its value. Increased use of its cross-chain functionalities and dApps can enhance the token's utility and value.
- Economic Events: Broader economic events and trends in the crypto market also play a role in the BFC to USD price. Events affecting major cryptocurrencies like Bitcoin often ripple through the entire crypto market, including BFC.
- Technological Developments: Innovations and upgrades in the Bifrost ecosystem, such as improvements in its cross-chain protocol, can increase its attractiveness to users and investors, impacting the BFC token price positively.
How to Stake BFC on Bifrost
Staking helps secure the Bifrost network and allows you to earn rewards based on the amount staked and the validator's performance. Here’s how staking BFC on Bifrost network works:
- Visit the Staking Page: Go to the Bifrost staking page at Bifrost Staking.
- Connect Your Wallet: Click on the "Connect Wallet" button in the "My Staking Status" section to link your crypto wallet to the Bifrost network.
- Select a Validator: Scroll down to view the list of available validators. Choose a validator you wish to stake with based on their performance metrics and other details provided.
- Enter Staking Amount: Specify the amount of BFC you want to stake. Ensure that you meet the minimum staking requirement, if any.
- Confirm the Transaction: After entering the staking amount, click the “Continue” button. Confirm the transaction in your connected wallet to complete the staking process.
What is the all-time high price of Bifrost (BFC)?
The all-time high price of Bifrost (BFC) is $0.79495. The current price of BFC is down 0.94% from its all-time high.
What is the all-time low price of Bifrost (BFC)?
The all-time low price of Bifrost (BFC) is $0.01623. The current price of BFC is up 1.92% from its all-time low.
How much Bifrost (BFC) is there in circulation?
As of 11 24, 2024, there is currently 1.39B BFC in circulation. BFC has a maximum supply of 4B.
What is the market cap of Bifrost (BFC)?
The current market cap of BFC is $64.21M. It is calculated by multiplying the current supply of BFC by its real-time market price of $64.21M.
How do I store Bifrost (BFC)?
You can securely store your Bifrost in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your BFC include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Sei (SEI) to cash?
You can instantly exchange your Sei (SEI) for cash using KuCoin's Fast Trade feature. This feature enables you to convert SEI to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.
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2024-11-24 08:32:00 (UTC+8)
24h Volume3,675,173,689USDT