TechFlow, on November 1, according to official information, at 15:00 Hong Kong time, Bifrost officially launched Tokenomics 2.0 - bbBNC (Buy Back BNC). bbBNC is a staking revenue receipt for its native token BNC. Under this economic model, Bifrost will use 100% of protocol profits to repurchase BNC, with 10% of the repurchased BNC being burned and the remaining 90% distributed to bbBNC holders. Users can obtain bbBNC by locking BNC for periods ranging from 3 to 48 months.
Currently, the annualized yield for locking bbBNC for one year is approximately 43%. In conjunction with the launch of bbBNC, Bifrost has simultaneously introduced the bbBNC Riders campaign to provide additional minting incentives for bbBNC.
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