Thank you to the 21Crypto Community for participating in Ask Me Anything (AMA) with Bifrost on December 21, 2020.

This guest star,
Maarten Henskens (Community Manager)

Here’s our 37th AMA recap!
We are glad to meet here :

Maarten Henskens (Community Manager)

INTRODUCTION

Maarten (I will never PM first!),

  • Q1. Starting with the very basics, can you provide a simple description Bifrost Finance for our Community? How did you get idea create Bifrost Finance?

Maarten (I will never PM first!),

  • Q2. Can you tell us about the advantages of Bifrost Finance? How is Bifrost Finance better than other platforms? makes it unique compared to competitors?

Maarten (I will never PM first!),

  • Q3. About $BNC, can you explain about the tokenomics and use-cases of this token? how much supply is available? where will the token be allocated?

Maarten (I will never PM first!),

  • Q4. About security, how strong and safe is Bifrost Finance?

Maarten (I will never PM first!),

  • Q5. What are the major milestones Bifrost Finance achieved so far & what are in future pipeline?

Maarten (I will never PM first!),

QUESTIONS FROM TWITTER

  • Q1. From : tradingbestpos
  • Slashes are generally designed as a progressive punishment and are only applied in cases where
    Illegal operations are triggered multiple times, like missing blocks. Does it also function to control risk? and prevent further risks?

Maarten (I will never PM first!),

  • Q2. From : ayuayuayuae
  • How is the voting mechanism? What if the Validator
    want to enter the Bifrost Validator set?

Maarten (I will never PM first!),

  • Q3. From : AhriNineTaleKDA
  • Staking is a feature that is very much in demand these days. Can you explain the advantages of staking on your platform over competitors? what is the motivation for users to be able to use your platform forever?

Maarten (I will never PM first!),

  • Q4. From : BoaIHancock
  • According to the Bitfrost site, users can get BNC airdrops from vETH. I am very interested but also a little confused about vETH, how do I create a VETH? What is the real function of vETH in the Bitfrost financial ecosystem? how many pharse in this vETH?

Maarten (I will never PM first!),

  • Q5. From : kaaiivvaaan
  • In your 2020 Q4 roadmap "Launch Bifrost Asgard CC3" can you explain? And I also don't understand a little about the internal AMM swap poll on Bifrost, how does it affect Bifrost?

Maarten (I will never PM first!),

QUESTIONS FROM TELEGRAM

  • Q1. From @amybroww
  • Do you guys have Collaboration with Financial Institutions or Private Companies?

Maarten (I will never PM first!),

  • Q2. From @Calebkure
  • How do you plan to spread awareness about your project in different countries/regions where English is not spoken well like in Asia which has a large population and has the potential to be your users?
    Do you have local communities for them to let them better understand about your project?

Maarten (I will never PM first!),

  • Q3. From @LleeKuanYew
  • The ETH blockchain is very slow, high fees. So why did you build Bifrost on the ETH blockchain? What is the main reason for building it on Ethereum blockchain rather than building it on BEP- 2/ TRC- 20/ DOT Blockchain? Do you have plans to launch your own mainnet

Maarten (I will never PM first!),

  • Q4. From @Brucedt
  • As we know, every successful project has a few stories behind the scenes, what’s the story behind #Bifrost success? What was that vision when it first emerged as an idea? Are there any special prototypes or upcoming #Bifrost updates that you want to show/share with us?

Maarten (I will never PM first!),

  • Q5. From @jungkook101
  • Could you tell us a little about your greatest achievements last month, what are you working on right now? What are the main thoughts you want to convey through today’s AMA?

Maarten (I will never PM first!),

Thank you for trusting 21Crypto as the organizer of the event today, hopefully everyone can understand about Bifrost.
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