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What is Solana Name Service

What is Solana Name Service (FIDA)?

Solana Name Service basic info

Name:Solana Name Service

Ticker:

FIDABuy now

Introduction:

What is Bonfida?

Bonfida is a well-known infrastructure developer on the Solana blockchain, known for its valuable contributions to the ecosystem. Its primary goal is to offer top-notch services and products that enhance the Solana blockchain experience for its users. Bonfida has made significant contributions to the ecosystem, including the creation of the Asset Agnostic Orderbook (AOB), which simplifies transactions with the Solana Name Service, and the launch of a perpetual swap on Solana, Audaces. The FIDA token powers the Bonfida ecosystem, providing a wide range of features and benefits to its holders.

How does Bonfida work?

Bonfida utilizes the exceptional low-latency and cost-efficient capabilities of the Solana blockchain to operate. Its Solana Name Service (SNS) is a user-friendly platform that offers domain name services. The SNS employs the Wormhole bridge to enable domain name interoperability across different chains, with the goal of providing users with a unified, worldwide blockchain identity. Additionally, Bonfida offers benefits to FIDA token holders, such as reduced fee tiers for domain name trades and registration discounts.

Bonfida has a multitude of potential applications. Its Solana Name Service (SNS) aims to revolutionize Web3 naming systems by providing domain registration, management, record handling, and trading services. The SNS also strives to redefine Web3 identity by offering record management, profiling capabilities, and the ability to bridge Web2 reputations across various blockchains. Additionally, the FIDA token within the Bonfida ecosystem offers numerous advantages, such as exclusive fee structures, registration discounts, and the potential for holders to influence the direction of the SNS Improvement Protocol.

What is the FIDA Token?

The Bonfida ecosystem offers a range of features and advantages through its FIDA token. FIDA holders enjoy privileged fee structures, exclusive registration discounts, and the assurance of token burn for sustainability and value growth. Additionally, FIDA holders are empowered with governance through joint initiatives with Solana, ensuring a balanced and effective decision-making process. These features highlight the multifaceted role of FIDA in the evolving Web3 space.

Current price:

$0.2417More price details

All-time high:$59.61

All-time low:$0.1393

FIDA supply and tokenomics

Circulating supply:990,912,000 FIDA

Total supply:990,912,004.33 FIDA

Max supply:0 FIDA

Market cap:$239.49M

Fully diluted market cap:$239.49M

Links

Website:https://www.sns.id/

Whitepaper:https://www.bonfida.org/white-paper.pdf

X:https://twitter.com/sns

GitHub:https://github.com/Bonfida/

Buy Solana Name Service for $1Buy FIDA now

What is the development prospect and future value of FIDA?

The market value of FIDA currently stands at $239.49M, and its market ranking is #269. The value of FIDA is not widely recognized by the market. When the bull market comes, the market value of FIDA may have great growth potential.

As a new type of currency with innovative technology and unique use cases, FIDA has broad market potential and significant room for development. The distinctiveness and appeal of FIDA may attract the interest of specific groups, thereby driving up its market value.

What will the price of FIDA be in 2025?

Based on FIDA's historical price performance prediction model, the price of FIDA is projected to reach $0.3456 in 2025.

What will the price of FIDA be in 2030?

In 2030, the FIDA price is expected to change by -2.00%. By the end of 2030, the FIDA price is projected to reach $0.6215, with a cumulative ROI of +137.95%.

Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of FIDA and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

FIDA price FIDA price prediction FIDA news

Is FIDA worth investing or holding? How to buy FIDA from a crypto exchange?

If you want to buy FIDA, the following information may be helpful for your investment decisions:

In the last 7 days, the price of FIDA has fallen by -9.79%, leading to negative returns for most FIDA investors. The market is currently pessimistic about the price trend of FIDA.

It is important to note that the current price of FIDA has retreated by -99.59% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.

Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.

To decide whether FIDA is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.

Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in FIDA or any cryptocurrency comes with certain risks and uncertainties.

Regardless of your outlook on the development prospects and future trends of FIDA, if you want to buy or sell FIDA, you can consider Bitget for your trading needs. The best place to buy FIDA is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.

Investing in Solana Name Service has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Solana Name Service. Here's a step-by-step guide on how to buy Solana Name Service on Bitget.

Buy FIDA now Coin buying guide

How to get Solana Name Service through other methods？

Using cash to buy Solana Name Service is not the only way to obtain Solana Name Service. If you have the time to spare, you can get Solana Name Service for free.

Learn how to earn Solana Name Service for free through the Learn2Earn promotion.

Earn free Solana Name Service by inviting friends to join Bitget's Assist2Earn promotion.

Receive free Solana Name Service airdrops by joining ongoing challenges and promotions.

All crypto airdrops and rewards can be converted to Solana Name Service through Bitget Convert, Bitget Swap, or spot trading.

What is Solana Name Service used for and how to use Solana Name Service?

The use case of Solana Name Service may expand as the crypto market and the project itself develop. Currently, you can use FIDA to achieve the following goals:

Arbitrage by trading FIDA: Since FIDA is a frequently traded cryptocurrency, the price of FIDA is always fluctuating. Earn more FIDA by buying low and selling high on the exchange. Bitget spot market provides a variety of FIDA trading pairs to fully meet your needs.

Earn by staking FIDA: You can also generate income through financial management methods such as staking FIDA or lending FIDA. Bitget Earn offers a variety of financial products designed to help you earn more income from your FIDA.

Send or pay FIDA: If you want to give FIDA to your friends, a charity, or a fundraiser, or you want to pay someone with FIDA, you can quickly and easily send FIDA to the recipient through their payment address.

You can also go to the official website of the Solana Name Service project to learn more about the use cases of FIDA. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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