Ethereum

Solana Name Service

Serum

DeFi

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/what-is-bonfida-coin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">What is Bonfida Coin?</a><br></p>
<p style="text-align: justify">Bonfida aims to fill the gap among the growing user base actively trading on Serum, Solana, and Serum DEX by providing a complete product suite. As the flagship platform, Serum GUI transforms Bonfida into a one-stop solution to emulate leading players in the Ethereum DeFi ecosystem, introducing the first Solana data analytics to the ecosystem.</p>
<h2 style="text-align: justify" id="what-is-bonfida-fida">What is Bonfida (FIDA)?</h2>
<p style="text-align: justify">Bonfida is an ecosystem built on Solana, comprising various products including perpetual swaps. The FIDA token is the native token of the Bonfida platform, adding value to all products and fees. FIDA is also used for fee discounts, staking rewards, and governance.</p>
<p style="text-align: justify">In addition, Bonfida offers its users the following products:</p>
<ul style="text-align: justify">
 <li>Name service: A decentralized naming service built on Solana</li>
 <li>Perpetual: The first perpetual swaps on Solana</li>
 <li>Token rights: The first SPL token vesting contract to be audited</li>
 <li>Bots: Developing trading strategies on Serum with native TradingView integration</li>
 <li>Purchase and burn: Decentralized purchasing and burning operations</li>
</ul>
<p style="text-align: justify">On the other hand, Bonfida was the first project in the Serum ecosystem. It initially provided API services and has hosted the flagship Serum DEX since its launch in September 2020.</p>
<p style="text-align: justify">With Bonfida initially offering Serum UI and API services, there is said to be a demand for products that enhance the user experience in the Decentralized Finance (DeFi) area. The intense demand for products reportedly encouraged the launch of the ‘FIDA’ token on December 22, 2020.</p>
<p style="text-align: justify">Bonfida explains its contributions to the ecosystem as follows: Creating a new Serum core engine known as The Asset Agnostic Orderbook (AOB), which simplifies sending and receiving payments with the Solana Name Service and aids in token transfers by developing a smart contract in collaboration with Cope.</p>
<p style="text-align: justify">Additionally, Bonfida expresses having a simple but realistic goal of providing products that enable and enhance the Solana blockchain for all users.</p>
<p style="text-align: justify">Furthermore, Bonfida’s partners include AKG Venture, Alameda Research, CMT Digital, Evernew Capital, Genesis Block, and Koinbros.</p>
<h2 style="text-align: justify" id="bonfida-coin-review">Bonfida Coin Review</h2>
<p style="text-align: justify">Especially after being listed on <a href="https://en.coin-turk.com/binance-continues-investments-amid-market-recovery/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a>, FIDA coin has garnered significant attention due to the platform’s long-standing service. Although investors have been closely monitoring the FIDA coin recently, it can be said that they approach it with relative caution.</p>
<h2 style="text-align: justify" id="how-to-buy-bonfida-coin">How to Buy Bonfida Coin?</h2>
<p style="text-align: justify">FIDA Coin can be quickly and securely purchased through <a href="https://accounts.binance.com/en/register?ref=M8RGDITW" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">Binance</a>, the world’s largest cryptocurrency trading platform by transaction volume.</p>
<p style="text-align: justify">To buy FIDA Coin, one must first sign up for <a href="https://accounts.binance.com/en/register?ref=M8RGDITW" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">Binance</a> and then send fiat money. After sending a fiat currency like US dollars, one can proceed with the purchase of FIDA Coin in the <a href="https://en.coin-turk.com/binance-announces-25th-bnb-burn-millions-of-coins-destroyed/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance Coin</a> (BNB), BUSD, Tether (USDT), and <a href="https://en.coin-turk.com/bitcoins-dominance-peaks-as-analysts-predict-a-dip-before-a-potential-altcoin-rally/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC) FIDA trading pairs.</p>
<p style="text-align: justify">Additionally, users can place buy orders on Binance not only at market price but also at a lower price. This can be done by using the Limit tab, where one can enter the desired amount and price.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/what-is-bonfida-coin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">What is Bonfida Coin?</a></h5>

What is Bonfida Coin?

Table of Contents

COINTURK NEWS

Other articles published on Mar 12, 2024

Bitcoin Soars Past $70,000: Analysts Anticipate Potential Market Retracement

Analyst says odds of Ethereum ETF in May are ‘down to 35%’ and that means…

Pepe Coin Listed on Heavily Regulated Canadian Exchange Amid Volatile Price Action: Analyst Expec...

Biden’s 30% Tax Proposal: A Threat to U.S. Bitcoin Mining?

Grayscale Launches Low-Fee “Bitcoin Mini Trust” to Attract Investors Amid Competitive ETF Landscape

This is Why Distributed Ledger Technology is a Must for Future Success

Join our free newsletter for daily crypto updates!