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Bonfida

FIDA

Price
$0.40
11/30/2022, 4:31:03 PM
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Market

Market stats

Market cap

$18.0M

Volume (24h)

$5.3M

Circulating supply

44.7M FIDA

Typical hold time

9 days

Trading activity

Not enough data

Popularity

#182

All time high

$59.61

Price change (1h)

-0.49%

Price change (24h)

-1.93%

Price change (7d)

-22.56%

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Bonfida is on the decline this week.

The price of Bonfida has fallen by 22.56% in the past 7 days. The price declined by 1.93% in the last 24 hours. In just the past hour, the price shrunk by 0.49%. The current price is $0.40 per FIDA. Bonfida is 99.32% below the all time high of $59.61.

The current circulating supply is 44,729,963.595 FIDA.

About

FIDA is a Solana token that governs Bonfida, a product that aims to build a user interface, API, and data analytics for the Serum decentralized exchange. In addition, Bonfida aims to build solutions for a decentralized name service and a platform for NFT exchange on Solana. FIDA can be used to vote on the future of the protocol.

What Is the Bonfida Token (FIDA)?

According to the whitepaper, Bonfida offers a suite of products to bring users closer to the ecosystem of Solana. Solana is a blockchain network, and Bonfida seeks to provide first-of-its-kind Solana data analytics to users through Serum GUI (graphical user interface). Thus, the Bonfida platform is an emerging ecosystem of various Solana products that involves every aspect of its blockchain technology. 

The protocolSerum is for the DEX (decentralized exchange) that carries low transaction costs and great speed in the world of decentralized finance (DeFi). Also, Bonfida targets exclusive markets and lists these markets on Serum. 

Bonfida platform provides a decentralized name service with unique domain names on Solana. Users can register, collect, and sell their domain names. One of the platform's key features is an on-chain messaging app, Jabber, which is encrypted and created on Solana. 

Another feature of the platform is that it offers a permissionless and decentralized burn and purchase strategy. In cryptocurrency, the burning process takes out the tokens from the available supply, which eventually reduces the quantity in circulation to increase the value of each token. Moreover, Bonfida has built a backend infrastructure to store every transaction taking place on Serum. 

The native token of the Bonfida platform is FIDA. The token is wholly incorporated into the Bonfida platform as the governance power lies with the FIDA token holders. In addition, 95% of the transaction fees acquired on the platform are administered by FIDA, employed for burning or repurchasing purposes. Also, the staking of FIDA tokens enables the token holders to access Solible markets and enhanced analytics. Solible is a marketplace for non-fungible tokens (NFTs) on the Solana blockchain, wherein users can build customizable NFTs. Solible’s vision is to create an e-commerce store for people to purchase high-end redeemable products on-chain. 

History of Bonfida Token (FIDA)

The Bonfida platform was created by Bonfida Foundation. The team comprises experts from the fields of engineering, analytics, and cryptocurrencies. 

The maximum total supply of FIDA tokens is one billion. 

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FAQ

What is the current price of Bonfida?

The price of 1 Bonfida currently costs $0.40.

What is the market cap of Bonfida?

The current market cap of Bonfida is $18.03M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Bonfida?

The all-time high of Bonfida is $59.61. This all-time high is highest price paid for Bonfida since it was launched.

What is the 24 hour trading volume of Bonfida?

Over the last 24 hours, the trading volume of Bonfida is $5.33M.

What other assets are similar to Bonfida?

Assets that have a similar market cap to Bonfida include StaFi, Cortex, Router Protocol, and many others. To see a full list, see our comparable market cap assets.

How many Bonfida are there?

The current circulating supply of Bonfida is 45 million.

What is the typical holding time of Bonfida?

The median time that Coinbase customers hold Bonfida before selling it or sending it to another account or address is 9 days.

What is the relative popularity of Bonfida?

Bonfida ranks 141 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Bonfida?

Currently, 85% of Coinbase users are buying Bonfida. In other words, 85% of Coinbase customers have increased their net position in Bonfida over the past 24 hours through trading.