Bifrost raised $1 M in a Angel Round round on 2021-01-27.

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According to media reports, Bifrost raised $1 M in a Angel Round round on 2021-01-27.the investors in this funding round include SevenX Ventures,CMS Holdings,SNZ Holding,Digital Finance Group,Altonomy,Zonff Partners,PAKA,Incuba Alpha,Kernel Ventures,Oasis Capital and others. Following this round, Bifrost's total funding reached $2 M.
Bifrost is a decentralized derivatives protocol that provides cross-chain liquidity for staked assets. It leverages Cross-Consensus Messaging (XCM) to offer cross-chain liquid staking services for multiple chains. The mission of Bifrost is to provide standardized cross-chain interest-bearing derivatives for Polkadot relay chains, parachains, and heterogeneous chains connected to Polkadot.

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BNC Fundraising History
RoundAmountValuationTimeInvestor(s)
Angel Round$1 M--2021-01-27SevenX Ventures,CMS Holdings,SNZ Holding,Digital Finance Group,Altonomy,Zonff Partners,PAKA,Incuba Alpha,Kernel Ventures,Oasis Capital
Key Milestones
  • 2021-01-28
    Bifrost raised $ 1.55 M in Angel round
  • 2020-09-03
    Bifrost raised $ 600 K in Seed round
24-Hour High
$0.1139
24-Hour Volume
$207.64K
All-Time High
$6.14
All-Time Low
$0.07723
Market Cap / FDV
58.68%
FDV
$8.92M
24-Hour Low
$0.1097
Market Cap
$8.92M
Circulating Supply
46.94M BNC
Total Supply
80.00M BNC
Max Supply
80.00M BNC
Market Sentiment
Negative
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