Everything about FIDA (Bonfida) cryptocurrency :
Bonfida
Bonfida is the full product suite that bridges the gap between Serum, Solana and the user.
1. Project introduction
Bonfida is the full product suite that bridges the gap between Serum, Solanaand the user. It is the flagship Serum GUI and bring first of its kind Solana data analytics to the field.
Building on Solana, Bonfida aims to showcase what can be done on the strong performing blockchain out there. Its ever growing ecosystem of products encompasses all facets of the blockchain experience, which include:
(1) Name services: decentralized naming service built on Solana;
(2) Perpetuals: first perpetual swaps on Solana;
(3) Token vesting: first SPL token vesting contract to be audited;
(4) Bots: build trading strategies on Serum with native TradingView integration;
(5) Buy & Burn: decentralized and permissionless buy and burn.
2. Investment institution
CMS Holdings, Alameda Research, Three Arrows Capital, Spartan Group, Genesis Block Ventures, Sino Global Capital, Fisher8 Capital, FBG Capital, Prophet Capital
3. Application and distribution
Max. supply: 1 billion
Token application:
FIDA, the native token of Bonfida, is anticipated to hold the following utility:
(1) Value accrual: A percentage of fees generated from Bonfida products (Perpetual Swap, Name Services, Bonfida Bot) will be used to buy and burn FIDA.
(2) Staking rewards: Users will receive FIDA as a reward by staking their FIDA tokens.
(3) Fee discounts: Users can enjoy tiered discounts on platform fees for products such as perpetual swap and name services, based on the amount of FIDA held.
(4) Governance: Token holders will be able to submit and vote on governance proposals to influence the platform development and treasury management.
Token distribution:
Locked Seed sales: 9% (1-4 year locked)
Liquidity: 2% (unlocked)
IEO: 0.6% (unlocked)
EcoSerum going to SRM yield: 10% (8% 1-4 year locked)
10% of FIDA (1-4 year locked) reserved for Bonfida contributors/employees/etc. as bonuses/grants/etc
The rest will be managed by Bonfida and the FIDA Foundation, furthering
the Bonfida ecosystem (1-4 year locked).
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