Bonafida ($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.
Bonfida is a full product suite that bridges the gap between Serum, Solana and the user. It aims to be a single source of data truth in the cryptocurrency industry focusing on exchange statistics, crypto company reviewing and scoring, and researching crypto trends, among other things.
Bonfida bridges the gap between Serum, Solana, and the user. It is the flagship Serum GUI and brings Solana Data analytics to the field. Bonfida API is used by some of the largest market makers in the space and has seen a growth of requests of 25% week over week.
95% of the net fees on Bonfida will be governed by the FIDA token and could be used for buy/burns, etc. FIDA is anticipated to hold the following utility. FIDA will be used transactionally for:
- FIDA staking will grant its holders
- Exclusive API endpoints and lower latency
- Access to rare Solible markets
- Advanced analytics
