On March 25th 2022, our community had a chance to welcome Cyn – BD manager of Bonfida to join an AMA to deliver fruitful information about the key features and roadmap of the project.
This AMA was held by CryptoFamily Group – the top crypto community in Vietnam, where investors and traders can obtain the latest news and signals from bot/ admins, as well as discuss and share investment experiences in the crypto space.
🔎 Bonfida (http://bonfida.org/) is building on Solana, our aim is to showcase what can be done on the strongest performing blockchain out there.
At this AMA, Cyn – BD manager of Bonfida directly greeted the community and provided detailed information on the project as well as some exciting events that will be held in the near future.
Time: 21:00 PM (UTC+7) | Friday, March 25th, 2022
Venue: https://t.me/CryptoFamilyVN
Reward Pool: $200 for members with the best questions
PART I: OVERVIEW QUESTIONS
- Could you please tell us about yourself and core team of Bonfida ? What was the inspiration behind the idea of the Bonfida ecosystem ?
Bonfida:
my name is Cyn, and am primarily responsible for BD and marketing at Bonfida. Prior to joining Bonfida, I wored in traditional finance for a couple of years.
At Bonfida, we are a group of experts in cryptocurrencies, analytics and engineering. Our main expertise lies in front, backend and blockchain development, as well as community building and customer service.
With our expertise, we have brought several products and services to the Solana blockchain.
The products created by Bonfida create our ecosystem, which has developers and projects eager to build on top of what we offer.
- Can you introduce the key features of Bonfida that makes it ahead of other platforms?
Bonfida: Bonfida aims to showcase what can be done on the strongest performing blockchain out there. Bonfida’s ever-growing ecosystem of products encompasses all facets of the blockchain experience. Key products include:
->Solana Name Service -> Decentralized name service built on Solana
->The on-chain messaging app -> Allow users to send encrypted messages to .SOL Domain Names.
->Asset Agnostic Orderbook -> The new Serum Core
->Audaces Protocol -> First decentralized perpetual trading on Solana
->Bonfida Bots -> The first on-chain trading bots
->Token Vesting Contracts -> First SPL token vesting contract to be audited and used by other projects
- Can you share with us what Bonfida is currenly working on, what are the major updates to draw much attention in the near future?
Bonfida:
$FIDA just got listed on Bybit, and we are hosting marketing campaigns for Vietnam specifically
PART II: PRE-COLLECTED QUESTIONS FROM TWITTER
- From @MarielleScholf1
What are your next big steps for project expansion and product upgrade in the next quarter of 2022? During your development process, what are the toughest challenges you overcame to achieve mass adoption?
Bonfida:
Growing the Bonfida Ecosystem.
Expanding the Solana Name Service and its applications.
This is becoming the standard on the Solana Ecosystem and we have projects rushing to integrate so they don’t miss out.
Broadening the On-chain messaging service.
Trying to expand more use cases for Solana Name Service & the Messaging app by collaborating with other NFT marketplaces/ gamefi projects, etc for integration
Having our products being the most widely used and adopted for DApps to interact with on the Solana blockchain
- From @Lidiamga
I see that vast majority of the platforms developed in the Solana network work together with Serum DEX, but could you really tell us why they always work together? Could it be that Solana’s network still cannot work totally independently? Why Bonfida build on Solana and Serum?
Bonfida:
basically Serum is providing the underlying infrastructure, and other projects can directly integrate with it or build an UI on top of it. The benefit of doing that is for projects who compose with Serum, they could save a lot of dev time by leveraging the great composibility
- From @Ngocbao8355
There are many people who are quite interested in the $FIDA token, both utility & structure. How does $FIDA work as a utility token for the network and how does it benefit both the network and the holders in the long term? Is there any reward mechanism for holding $FIDA?
Bonfida: The FIDA distribution is projected as follows:
- Max Supply: 1,000,000,000 (1 billion)
- Locked Seed sales: 9% (1-4 year locked)
- Liquidity: 2% (unlocked)
- IEO: 0.6% (unlocked)
- 10%: EcoSerum going to SRM yield (8% 1-4 year locked)
- 10% of FIDA (1-4 year locked) reserved for Bonfida contributors/employees/etc. as bonuses/grants/etc
- The rest will be managed by Bonfida and the FIDA Foundation, furthering the Bonfida ecosystem (1-4 year locked).
FIDA holder are enabled to have
- Discounts on the fees when reselling domain name
- Discounts of the fees when trading on Audaces Perps
- From @hasan28d
Bonfida is not only interesting but also important, it needs a large user traffic to be sustainable over time. What marketing strategies do you have planned to increase the validity of your brand? Are you planning a strategic partnership to level up your project?
Bonfida:
yups, we have partnered with a lot of groups, and trying to organize marketing campaigns with CEX . For instance, we are hosting campaigns with Bybit. The reward pool is very attractive.
- From @Robiiiinso
Do you have a user referral or ambassador programme that we can use to bring in new users? What are the several ways that your project makes income/revenue, and what is its “Revenue Model”? How might it assist both the investor and your project in a win-win situation?
Bonfida:
100% sales proceeds from SNS and 30% transaction fees on Audaces will go to $FIDA buy and burn
We don’t have an ambassador program at the moment.
CF: That’s the end of Part 2, I believe all of the members here have gathered enough useful information, also they have many questions to exchange with you today.
In this free-asking part, all members will have 2 minutes to make questions for Mr. @cynbonfida today. Feel free to ask and he will explain gradually in his answers.
PART III: BEST LIVE QUESTIONS IN CRYPTO FAMILY GROUP
- Could you please explain a little about your main features that differentiate your project from other projects and what competitive advantages do you have for the current project?
Bonfida: our key product is definitely the Solana Name Service
The mission of the Solana name service is to provide a decentralized and affordable way to map domain names (.sol) to on-chain data. This on-chain data could be anything from a SOL address to IPFS CID, images, text, and what have you.One of the clear benefits of the name service is to have a human readable name that can map to a SOL address.
- STAKING is one of the STRATEGIES to ATTRACT USERS and HOLD Them and long term. Does your GREAT PROJECT have plan about to Staking??
Bonfida:
yup we do provide on-chain staking for $FIDA. Stakers can expect to receive rewards on a daily basis
3.Please tell me,How can I buy your tokens right now?Andwhich wallet support your token?thanks
Bonfida:
you can buy on Bybit, Binance, FTX, Coinbase, Kraken, Gate and Ascendex
- Do you have any Coin Burn / BuyBack systems or any Token Burn plans to increase the value of Token & attract Investors to invest?
Bonfida:
yups we do have
- What is the most ambitious goal of your project? Could share with us any Upcoming Updates?
Bonfida:
we aim to showcase what can be done on the strongest performing blockchain out there
CF: ❗️Seems like there’re many things to exchange, but I’m afraid the time is up now. For all of the questions that have not been answered yet, guys feel free to search for more information on the links provided below:
➡️Website: bonfida.org
➡️Twitter: twitter.com/bonfida
➡️Telegram: https://t.me/bonfidavietnam
