Serving as an interoperable bridge between Serum, Solana, and crypto users around the world, Bonafida is the first protocol to deliver next-generation data analytics for Solana into the industry. FIDA is the governance token of the Bonafida ecosystem, with which it is fully integrated. To be clear, Serum is a working Decentralised Exchange (DEX) that brings fast, low-cost transactions to Solana. Serum is the top choice for DEX traders on Solana and has experienced 25% week over week growth from an early stage of its trajectory. On top of trading capabilities, Serum’s ecosystem includes a built-in wallet, SOL airdrops and a unique API that can deliver a repository of all Serum transactions to make analytics easy to evaluate.
There are other elements of functionality and utility when it comes to the FIDA token. FIDA operates through a limited governance model based on parameters that include product fees and decision-making capabilities. It has been agreed upon that 95% of the net fees for FIDA can be used for token buys and burn. Additionally, FIDA can be used to access the VIP APIs, power Bonafida Bots, and transactionally for DEX and Solibe listings. Additionally, FIDA can be used for staking and grant holders exclusive API endpoints with exclusive access to Solible markets, as well as advanced analytical features.
When Swyftx users buy, sell and trade FIDA in Australia, they are getting cheaper fees and spreads than our closest competitors.
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