Home » Blockchain » What is Bonfida coin (FIDA) and how does it work?

What is Bonfida coin (FIDA) and how does it work?

by Financial Economy
what-is-bonfida-coin-fida-and-how-does-it-work

Bonfida is an ecosystem built on Solana and consists of a variety of products on-chain, including perpetual swaps. The FIDA token is the native token of the Bonfida platform, where all products and fees add value to the FIDA token. Detailed information about what is Bonfida coin (FIDA), how it works, how much it costs, how to buy it, which stock market it is on, etc. is in the continuation of the content. You can browse here for information about BOBA coin.

What is Bonfida coin (FIDA) and how does it work?

Bonfida aims to offer a complete product suite that bridges the gap between the growing user base actively trading on Serum, Solana and Serum DEX. As its flagship Serum GUI, the platform brings the first Solana data analytics to the ecosystem, which aims to make Bonfida a one-stop solution for replicating the leading players in the Ethereum DeFi ecosystem.

Bonfida is an ecosystem built on Solana and consists of a variety of products on-chain, including perpetual swaps. The FIDA token is the native token of the Bonfida platform, where all products and fees add value to the FIDA token. FIDA is also used for fee reductions, staking rewards, and governance.

In addition to these, Bonfida offers the following products to its users:

  • Name service: Decentralized naming service built on Solana
  • Perpetual: First perpetual swaps in Solana
  • Token rights: First SPL token vesting contract to audit
  • Bots: Creating trading strategies in Serum with native TradingView integration
  • Acquisition and incineration: Decentralized procurement and incineration

On the other hand, Bonfida was the first project in the Serum ecosystem. It originally provided API services and has hosted the flagship Serum DEX since its launch in September 2020.

How to buy Bonfida coin? Which exchange is FIDA coin on?

FIDA coin can be purchased from the listed cryptocurrency exchanges. But before trading, it is necessary to make sure that the exchange is “RELIABLE”.

So, on which exchange is Bonfida coin found? FIDA coin is listed on crypto exchanges like Binance, FTX, Gate.io, ZT, etc.

Caution: The information contained in this content is for informational purposes only. It is not investment advice.

For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency

Related Posts

Leave a Comment