Bonfida (FIDA) Fundamental Analysis
To grow the system and enhance user experience, Bonfida requires a native token that is essential to its functioning. This is what FIDA is there for.
With the majority of the tokens being secured for a minimum of one year and more than 90% of the rest being locked for a minimum of four years, FIDA stands apart from the average token on the market.
Due to the token’s small availability, it would not have any significant holders who could serve as net sellers. This places the token in a special position where it may serve the platform in the following ways:
95% of net fees on Bonfida would be governed by the FIDA coin. These fees may be applied to purchases or burns.
Transactions including the provision of access to the VIP API, Bonfida Bots and DEX, access to Solible listings, and many other operations may be completed using FIDA tokens.
Users may access unusual Solible marketplaces, cutting-edge market data, etc. by staking FIDA.
It may potentially be used as a governance token that would let owners vote on certain Bonfida criteria.