Hello community members.
We wanted to let our community be aware that the foundation will readjust the balance of reserve wallets.
As a precautionary safety measure, the balance of reserve wallets will be readjusted, as to maintain a similar balance for Foundation wallets. This readjustment is made as a safety measure only.
The readjustment of the balance of reserve wallets won’t change the circulating supply of our coins.
About the BIFROST Network
As the BIFROST Network is a permission-less EVM-compatible layer-one blockchain utilizing Substrate technology focused on enabling interoperability between blockchains, it provides the ultimate environment to build multichain DApps. For instance, the network allows one to purchase a BSC-based NFT using USDT on Ethereum.
BFC is the native token of the BIFROST Network which is a generalized message-passing system that is well-suited for all types of cross-chain applications. By design, it can operate with native tokens that inherit the security of the underlying network. The network allows developers to easily build cross-chain applications, such as a cross-chain DEX service using native assets.