cryptopromisespromises, checked
Dashboard

Bifrost

BFC#515 by market cap

Not covered. The criterion it missed: documentation found but no public code repository listed.

Hot: exchange listing
#10of 36 liquid staking coinsthe typical one is worth $11.33M#555of all coins by sizeworth $37.74M today5 yearson the markettrading since 18 August 2021All outof the supply is in public handsnothing is held back to release later

Bifrost is for liquid staking. We have not written its record yet, so its promises are not checked. It trades at $0.0271, #555 of all coins by size, 97% below its highest ever price.

This week in the news: exchange listing.

A real job, real backing. No dated promises on its pages. Nothing dated ahead. #10 of 36 liquid staking coins. Nothing to be careful of on the record.

Is it real?

3 of 4tests passeda real job, real backing, something ahead, room to grow
nonenamed backersno investor or index on file
5 yearson the marketsince 18 August 2021
ExpandCollapse

3 of 4

  • ✓A real-world jobReal-world purpose: liquid staking
  • ✓Real backingBacking: trades on Upbit, Upbit Indonesia
  • –Something aheadA dated step, deliveries on record, or demand showing up in the news.
  • ✓Room to growRoom: worth $37.74M, 11 times smaller than Pendle, the biggest coin within reach doing the same thing (Liquid Staking)

Listed on 2 big exchanges

  • Origin18 August 2021about about 5 yearsbifrostnetwork.com, Whitepaper
  • DevelopersNot namedNeither Wikidata nor its listing names the foundersNo public code repository listed
  • BackingNo named investorListed on Upbit, Upbit Indonesia
  • Standing on the recordNo recordNo dated promise to judge yet7 headlines last monthNo corrections needed so far
The gap, and what to do

It is already worth more than the typical coin in Liquid Staking ($11.33M). To match the leader, Pendle ($408.74M), its price would need to rise 983%, to about $0.2938.

Still to check

  • No dated promise on record yet, so delivery cannot be judged
  • No named investor among its tags
  • Only 7 headlines named it last month

What to do Nothing dated is ahead and nothing has been delivered on record. There is no event to wait for yet, which is itself the answer.

A gap is not a forecast. Most small coins never close it. The site never picks.

Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.

Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.

Does it deliver?

No dated promise has been found on the pages this project publishes. Its pages are saved every night, so anything it commits to from now on appears here.

ExpandCollapse

Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it

What is next, and when?

Nothing dated has been found on its pages, so there is no date to wait for yet.

How big is it next to its rivals?

#10of 36 liquid staking coinsthe typical one is worth $11.33M
$37.74Mworth todayprice × coins out
$11.33Mthe typical rival is worthLiquid Staking
$408.74Mthe leader is worthPendle
ExpandCollapse

Only coins within a hundred times its worth; a coin a thousand times bigger is another world

Liquid staking

36 coins tagged Liquid Staking, worth $1.49B together. #10 of 36 by worth.

Liquid Staking: this coin against its direct competitors

  • CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
  • Bifrost$37.74Mthis coin−6.5%no maxno record
  • Pendle$408.74M10.8× bigger, +$371.01M+4.8%, gap +11.4no maxnone dated
  • Lido DAO$296.39M7.9× bigger, +$258.66M−3.8%, gap +2.783% outno record
  • Jito$234.06M6.2× bigger, +$196.33M+3.2%, gap +9.8no maxnone dated
  • Kinetiq$56.08M1.5× bigger, +$18.34M−2.4%, gap +4.128% outno record
  • Babylon$49.85M1.3× bigger, +$12.12M−14.6%, gap −8.1no max0 of 8 delivered
  • Ankr Network$46.56M1.2× bigger, +$8.82M+0.4%, gap +6.9100% outno record
  • SSV Network$41.17M1.1× bigger, +$3.43M−4.1%, gap +2.5no maxno record
Same job, different how

Liquid Staking: this coin next to Pendle, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.

Bifrost says
Bifrost Token (BFC) is the currency of the DApps in the Bifrost Multichain Ecosystem.
Pendle says
Pendle describes itself as a platform for trading crypto yield.

Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.

What it is

Bifrost Token (BFC) is the currency of the DApps in the Bifrost Multichain Ecosystem. Developers pay BFC for using the multichain middleware to develop and operate their DApps.

Problem it says it solves: liquid staking. 36 coins are working on it and together they are worth $1,485,494,379. This coin is 3% of that.

Where it trades: Upbit, Upbit Indonesia , Bithumb, HTX, Gate

Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.

Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.

What should make me careful?

Nothing printed today

None of the six tests fails. A missed promise counts only on a record a person has checked.

ExpandCollapse
Why is it this small?

Liquid Staking: this coin next to the group's largest, Pendle.

BifrostPendle
Years trading5 years4 years
Major exchanges29
Named backers00
Headlines, last month727
Promises deliveredno recordno record

What it says is different: Bifrost Token (BFC) is the currency of the DApps in the Bifrost Multichain Ecosystem. Developers pay BFC for using the multichain middleware to develop and operate their DApps.

It is 9.2% the size of Pendle. On the facts above it is behind on major exchanges. For that gap to close, the record would need deliveries showing up in its record, news that names it. Nothing here says it will; the site does not predict.

The tests: nothing to hold it for, more missed than delivered, priced ahead of its record, half the supply still to come, rivals ship while it does not, a big release of coins soon.

The homework: the coin itself, the news, the record

The coin itself

$0.0271price of one−6.5% today
97%below its highest ever$1 on 18 August 2021
100%of the supply is out1.39B coins
ExpandCollapse

The last 7 days

7 days ago: $0.0108now: $0.0271 (+152.7%)

Where today sits against its highest ever price

$0.0271

Highest ever: $0.7788 on 18 August 2021. Today is 3% of that.

59%

of all BFC that will ever exist is already out in public hands: 1.39B coins.

41% (977.31M coins) is not yet created or held by the project. That is a large share, though not a majority. Those coins can be sold later, which can push the price down.

out held back. Each dot is 1%.

Runs a staking service

The project stakes other people's coins. What its own coin gets you is whatever its pages say, usually a vote and a share of fees.

  • Nothing the project's own pages spell out.
$0.0271price of one
×
1.39Bcoins out
=
$37.74Mworth today, #555 of all coins

That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.

Basics
  • 1.39Bin circulation of 2.37B total. No hard maximum is set, so more can be created.
  • 1.7×fully diluted value versus today's market cap. The gap is coins not yet released.
  • 3%of its all-time high of $0.7788 on 18 August 2021. That is −96.5% from the top.
  • #555by market cap, $37,736,418.
  • Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.

Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.

Real use, in dollars
  • $15.81M is locked in apps built on it right now

From DefiLlama, refreshed nightly. Fees are what people paid to use the thing; value locked is what they trust it to hold. Facts, not a score.

What the news says

7headlines, last monththat name this coin
0about governmentregulation, courts, central banks
ExpandCollapse

Headlines per day, last 30 days

7 headlines named this coin in the last month.

What they were about

  • Price1

Why it movedUp 153% this week. No headline named it in the last three days, so the move is not explained by news we can see.

In the news
What people are talking about, last month:

7 headlines in the last month.

Headlines are the publishers' own. News is never placed next to price.

The record itself

Not covered. The criterion it missed: documentation found but no public code repository listed.

Pages savednot yetno roadmap page found
Promisesnone yetno record drafted
ExpandCollapse

Six facts, the project's own replies, its peers, contract facts, references and every stored copy