BFC Bot
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FAQ
BFC

EXP & Points in BFC Bot

1. What is the difference between EXP and Points?

When you participate in a group, you receive EXP (Experience) and Points. EXP indicates your overall activity in that particular group and you can show off your status when you reach the top 10 rankings. Points are created to be converted into BFC-K. EXP is calculated separately for each group where BFC Bot is, and Points are calculated together across all the groups you're in.

2. What is the conversion ratio for Points?

Every month, Points are converted into tokens set by the BIFROST Team. The conversion ratio is set logarithmically, so users with higher points get lesser conversion and those with lower points get more conversion. Essentially, the ratio is set to discourage excessive mining activity. BFC Bot is designed to make it easier for you to learn about BIFROST and BiFi and for our community to have fun!

3. Where can I see the converted BFC-K?

BFC-K will be sent to your Klaytn (Klip) Wallet created by BIFROST Team. You can check your address by typing '/wallet' '/지갑' . In order to prevent trades or pushing all the tokens into one account, you cannot yet send BFC-K from your wallet.

4. Do the Points reset after the conversion?

Yes, the Points reset after the monthly conversion event. However, the EXP will remain, so you can view your historical participation level. Type '/balance' '/잔액' to see your Points, EXP for that group, and BFC-K balance.

5. How do I use my BFC-K?

You will be able to convert Klaytn-based BFC-K into ERC-20-based BFC in the BIFROST Wallet, which will be released in 2021.

6. How do I withdraw my balance?

You cannot withdraw your BFC_K in Klaytn wallet. You can withdraw the BFC_K through the BIFROST Wallet that will be released in 2021.

7. I don't know how to open my wallet.

You can check your Klaytn wallet address by typing '/wallet' in your group or via BFC Bot DM.

8. Doesn't excessive chat mining happen?

A lot of activity is good, but excessive chatting to collect points can adversely affect the community. BIFROST developed the BFC Bot with this in mind.
    1.
    Points through chat are up to once per minute, and points are not awarded if the message is too short. This makes excessive chatting meaningless.
    2.
    The exchange rate of points uses a logarithmic function, so the more points you collect, the relatively less BFC_K you will receive. For example, even if a user who accumulates 500 points receives 30 BFC_K, a user who accumulates 5,000 points receives a smaller percentage, 100 BFC_K.
    3.
    The amount of BFC_K released each month will be decided by the Bifrost team. If the activity is excessive, the quantity is reduced, and if the activity is low, more quantity will be released so that you can always enjoy the appropriate activity quantity.
    4.
    As the level increases, it becomes significantly more difficult to level up. However, to encourage steady activity, ranking badges are divided into the top 10%, etc., so if you don't stay active, your rank will go down.
Through this design, BFC Bot reliably increases the activity of community members. In fact, in the BIFROST community, where BFC Bot has been active for the past 6 months, the number of members has grown to over 10,000, and the highest point within the group has dropped from 16,000 to 5,000.

BFC

1. When is the token sale, and what is the price?

The private sale happened in 2018 and 2019, and the public sale was held in June 2020. The token price for the private sale was $0.008 and for the public, it was $0.012. All official token sales have been completed at this point. For more details, please check our Medium post on our Initial DEX Offering (IDO).

2. When is the listing?

Our DEX listing on Uniswap was on December 1st, 2020 at 11:00 UTC. Our first CEX listing was on Upbit BTC Market on December 29th, 2020.

3. What is the total and circulating supply?

A total of 4 billion tokens were issued, and 256 million is the maximum number of tokens that can be circulating at listing. To see a more detailed schedule, please check out our Medium post on BFC IDO

4. What is the difference between BFC and BFC_K?

BFC is an Ethereum-based BIFROST token that can be used as a fee when using the BIFROST platform. Currently, BiFi, a multi-chain DeFi service, is operated on the BIFROST platform, and BFC will be used as a fee for BiFi users in the future.
The BFC_K that is rewarded by the BFC Bot is a Klayton-based BIFROST token that does not currently have any special value but can be used to exchange for BFC tokens through the BIFROST wallet, which will be launched in 2021.
Currently, BFC is listed on exchanges such as Upbit, and can be used as an asset that can receive BiFi tokens as a reward by depositing them in BiFi, a DeFi service.

BIFROST & BiFi

1. What is BIFROST?

BIFROST was developed to turn the promise of blockchains into reality. Our multichain middleware technology connects various blockchain protocols, making DApps faster and cheaper, more transparent and flexible. You can learn more on our website: theBifrost.io

2. What is BiFi?

Powered by BIFROST's multichain technology, BiFi is the multichain DeFi project that will connect not only Ethereum but also other blockchains like Bitcoin, Tron, and Klaytn, thereby expanding the DeFi ecosystem currently limited to Ethereum. BiFi Open Beta launched in January 2021. To learn more, please visit BiFi.finance or read our Open Beta Schedule.

3. Who is the BIFROST Team?

BIFROST was founded in 2016 by a professor of financial engineering, professor of computer science, and a financial platform development expert. Today, we are a team of 30 with a deep expertise in finance, trading, software, and network security. You can see our whole team on our website.

4. Who are the official partners of Bifrost?

You can be the first to know the latest news about BIFROST, BiFi, and BFC Bot by following our Medium: medium.com/bifrost.
Last modified 4mo ago