What exactly is Bonfida (FIDA)?

Venus1100

Active member
FIDA, or Bonfida, is a community-based project that provides identity and communication solutions. It is also one of the first Solana Blockchain projects.

1669274874946.png


How Does It Function?
Bonfida is powered by the Solana blockchain. It is a non-custodial decentralized exchange based on the open-source Serum trading protocol. It provides a comprehensive product lineup that connects Serum, Solana, and Serum DEX users. Solana Name Service and Jabbers are also part of the Bonfida ecosystem.

Users can create a human-readable identity with Solana Name Service. It substitutes a domain name of your choice for decentralized addresses. Jabbers, on the other hand, is a mobile app that allows Solana users to send encrypted messages. Furthermore, Bonfida is launching Sollible, the first NFT marketplace on the Solana blockchain.

In Serum, they hope to build a full-fledged ecosystem for developers and users to enjoy. They are currently the most popular in Serum DEX. The Bonfida GUI provides traders with the best functionality and experience available. It has an integrated wallet, SOL airdrops, and many other features.

So, what distinguishes them from other DEX? Bonfida, unlike traditional DEX, is concentrated around Solana and Serum. They act as a bridge between them, providing cryptocurrency financing to the Solana community. FIDA, their utility token, also has a buy-and-burn feature. It is a permissionless system that allows users to increase token pool liquidity.

Bonfida's Most Recent Price and Performance (FIDA)
FIDA is currently trading at $0.5050 per unit on the market. They have a market capitalization of $21,474,984 and a fully diluted market capitalization of $478,700,179.

How to Purchase Bonfida (FIDA)
Follow these steps to purchase Bonfida (FIDA) on MEXC:

1.Log in to your MEXC account and then select [Trade]. Select [Spot].
2.To see the available trading pairs, type "FIDA" into the search bar. As an example, consider FIDA/USDT.
3.Scroll all the way down to the [Spot] box. Enter the amount of FIDA you wish to purchase. You can place a Limit order, a Market order, or a Stop-limit order. Consider the Market order. To confirm your order, click [Buy FIDA]. The purchased FIDA will be stored in your Spot Wallet.
 
Top