What Is Bonfida (FIDA)? Binance Lists FIDA On Sept 30

The world’s largest crypto exchange Binance has announced today that its lists Bonfida (FIDA). The exchange will open trading for FIDA/BTC, FIDA/BNB, FIDA/BUSD, and FIDA/USDT trading pairs at 2021-09-30 06:00 (UTC).

What is Bonfida (FIDA)?

Bonfida is an ecosystem built on Solana and consists of products including (1) an on-chain perpetual swap; (2) Solana name service for auctioning and transacting readable Solana addresses; and (3) Bonfida Bots which allow users to automate trading strategies and do copy-trading on Serum DEX. The FIDA token is the native token of the Bonfida platform with all products and their fees accruing value to the FIDA token. FIDA is also used for fee discounts, as staking rewards, and governance.

Bonfida provides a full product suite that bridges the gap between Serum, Solana, and the growing userbase actively trading on the Serum DEX. As the flagship Serum GUI, the platform brings the first Solana data analytics to the ecosystem, aiming to make Bonfida a one-stop solution to replicate prominent players in the Ethereum DeFi ecosystem. The Bonfida API is currently utilized by some of the largest market makers in the cryptocurrency industry and has experienced an impressive growth with over 25%, week-over-week increase in usage.

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