Blog-new-logo-2023Blog-new-logo-2023Blog-new-logo-2023Blog-new-logo-2023
  • CRYPTO NEWS
  • TOPICS
    • Futures Trading
    • Crypto Basics
    • DeFi
    • Metaverse
    • NFT
    • Blockchain
  • CRYPTO VERSE
    • Personal Finance
    • Cryptocurrency
    • Price Predictions
    • Crypto Deep Dives
  • PRODUCT
    • Tutorials
    • Product Features
    • Security
  • COINDCX
    • Announcements
    • Community
    • Crypto Competition
    • Listings
    • Opinion
    • Stories
Visit CoinDCX
✕
            No results See all results

            What is Bonfida (FIDA)? How to buy Bonafida Crypto in India?

            Want to buy Bonafida in India? Read more & learn how Bonafida works, key features & things to know before investing in a FIDA coin.

            25 Aug 2022 | 3 min read
            What is Bonfida (FIDA)? How to buy Bonafida Crypto in India?

            Table of Contents

            Toggle
            • What is Bonfida  (FIDA)?
            • How does Bonfida work?
            • Key Attributes of Bonfida
            • What sets Bonfida apart? 
            • FIDA token holds the following utility 
            • How to buy Bonfida (FIDA) in India 

            What is Bonfida  (FIDA)?

            Bonfida is one of the earliest projects built on the Solana blockchain to deliver identity and communication solutions for the community. Users can get their Web3 domain on Solana through Solana Name Service. Users can also set up their messaging service on Solana using Jabber. Bonfida connects the Serum DeFi platform to the Solana blockchain without the intricacies of a centralized exchange. The orderbook of Serum is asset agnostic and interacts when they are called by the client.  

            How does Bonfida work?

            To earn FIDA tokens on the Bonfida network. A user needs to create a Solana wallet that is compatible with Bonfida. Buy and transfer FIDA tokens from a crypto investment app to the wallet. Once a user has connected the wallet to Bonfida DEX, it is ready to stake. To start staking, the user needs to enter the amount of FIDA tokens and the tenure for which one would like to stake it. Users can also swap their FIDA tokens in lieu of a range of top crypto assets. 

            Key Attributes of Bonfida

            • Ecosystem centered: Bonfida brings all developer and user related suite of services under Serum. Serum API for marketplaces to fetch data of transactions on Serum DEX can be acquired. The Bonfida GUI offers traders the best functionality and experience maintaining its place as the most used Serum DEX, including a built-in wallet, starter SOL airdrops, and more. It is also home to Solana NFTs on Solible marketplace. 
            • Suite of products for Solana: Bonfida offers a range of DeFi services on Serum like FIDA token staking, swapping and Solana Name Service. Bonfida also offers the first NFT marketplace for Solana blockchain called Solible. 
            • Unique Tokenomics: FIDA also offers a buy-and-burn mechanism. A permissionless mechanism that helps users add more liquidity to other token pools depending on the community interests. 

            What sets Bonfida apart? 

            Unlike other decentralized finance platforms, Bonfida is centered around Solana and Serum to bridge the gap between them and bring crypto finance to the Solana community. The platform offers a great suite of finance products for better inclusivity. Right from data of DEX transactions to staking FIDA tokens and an NFT marketplace that allows Solana supporters to explore the world of NFT economy. In addition to a great array of solutions, the user interface of these platforms are easy to understand. 


            FIDA token holds the following utility 

            • FIDA will govern 95% of the net fee and will be used to buy and burn tokens. 
            • The token will be used for transactional activities like staking.
            • With FIDA users get access to API endpoints at low latency
            • FIDA token holders can get access to Solible NFT market and advanced analytics. 
            • The project uses FIDA as a governance token to set up a community voting mechanism for proposing changes on the project. 

            How to buy Bonfida (FIDA) in India 

            Use this three-step process to buy Bonfida Token  using the CoinDCX crypto investment app

            • Sign Up for the CoinDCX account: Enter a valid email address and a user name on the sign-up page. Once the Email Id has been verified, set a strong password to secure your account.
            • Verify the account: You need to complete your KYC, to buy FIDA  on the CoinDCX platform. All you need to do is upload the documents and your account will be set up in 15 minutes.
            •  Buy FIDA: After the account has been verified, you can deposit any amount of fiat currency you are comfortable with and start your crypto journey!
            Share
            CoinDCX
            CoinDCX

            Related posts

            Top 10 Cheapest Cryptos in India with Low Prices to Buy in 2025

            Unlock potential gains with top cheapest cryptos in 2024.


            Read more
            29 May 2025
              | 9 min read

            What is Alien Worlds (TLM)? How to Buy TLM Token in India?

            Alien Worlds: Explore, compete, and thrive in a decentralized NFT metaverse.


            Read more
            15 Sep 2023
              | 5 min read
            Logo_CoinDCX
            Company
            • About Us
            • Blog
            • Careers
            • Fees
            • Proof of Reserves
            • Partners
            • Bug Bounty
            • Community
            • Policy
            • C.I.P. Fund
            Product
            • Spot Trading
            • Margin Trading
            • Convert
            • Futures Trading
            • Earn
            • VIP
            Support
            • 24/7 Chat Support
            • Support Center
            • Terms of Use
            • Privacy Policy
            • Risk Disclosures
            • Security
            • Terms of Use: Web3 Wallet
            • Media Kit
            Business
            • OTC
            • API Broker
            • Enterprise
            • New Coin Listing
            • Ventures
            • Affiliate
            Buy Cryptos
            • Buy Bitcoin
            • Buy Ethereum
            • Buy Solana
            • Buy Ripple
            • Buy Dogecoin
            • Buy Shiba Inu
            • Buy Pepecoin
            Price Prediction
            • Bitcoin Price Prediction
            • Ethereum Price Prediction
            • Ripple Price Prediction
            • Dogecoin Price Prediction
            • Solana Price Prediction
            • Litecoin Price Prediction
            • All Price Predictions
            Contact Us

            Press Enquiries write to [email protected]
            Regulatory Issues/Enforcement Authorities: [email protected]
            For Grievance Redressal, Click here to know more.

            Disclaimer

            Crypto products & NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information and material contained herein are subject to change without prior notice including prices which may fluctuate based on market demand and supply. The material available on the site is proprietary to CoinDCX, its parent, Licensor and/or its affiliates and is for informational purposes and informed investors only. This material is not: (i) an offer, or solicitation of an offer, to invest in, or to buy or sell, any interests or shares, or to participate in any investment or trading strategy, or (ii) intended to provide accounting, legal, or tax advice, or investment recommendations.

            *Internal CoinDCX Data as on 6th May 2025
            *Quarterly trading volume for Q4 FY’24-25. Currency conversion rate applied as in data capturing period
            *FIU Registered entity, NEBLIO TECHNOLOGIES PVT LTD
            *Certified in India for May 2023-24

            © 2024 All rights reserved

            Visit CoinDCX
                      No results See all results
                        Download App