Place/Date: - December 13th, 2020 at 5:10 pm UTC · 3 min read
Contact: BitMax.io, Source: BitMax.io
BitMax.io (BTMX.com), an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the joint primary listing and auction of the Bonfida token (FIDA). The auction will begin on BitMax on December 17th, at 9:00 a.m. EST, and the listing will go live on BitMax, FTX, and Serum on December 22nd, at 9:00 a.m. EST.
Bonfida provides the full product suite that bridges the gap between Serum, Solana, and the growing userbase actively trading on the Serum DEX. Building on the flagship Serum GUI, the platform brings the first Solana data analytics to the ecosystem, aiming to make Bonfida a one-stop solution to replicate prominent players in the Ethereum DeFi ecosystem. The Bonfida API is currently utilized by some of the largest market makers in the cryptocurrency industry and has experienced an impressive growth with over 25%, week-over-week increase in usage
FIDA, the native token of Bonfida, is anticipated to have a broad spectrum of utility on the platform. An estimated 95% of the net fees on Bonfida will be governed with the FIDA token which could also be used for token buy & burn initiatives, similar to other exchange tokens such as BNB, FTT, and HT. FIDA will also be used transactionally for access to the platform’s VIP API, trading bots, and other consulting services.
Bonfida will conduct public sales through BitMax, FTX and Serum on December 17th. The last public sale collaboration between BitMax and FTX occurred in August, when the two platforms facilitated a joint sale of Serum (SRM) which then saw price performance in excess of 1,500% within the first 12 hours of listing.
The Bonfida team brings together veterans from FTX. The project is backed by industry-leading institutions including Alameda Research, CMS Holdings, Three Arrows Capital, Spartan Group, FBG Capital, Sino Global, Koinbros, and the Primordial Group.
Launched in August 2018, BitMax.io is a leading digital asset trading platform with a broad range of financial products and services for both retail and institutional clients, with robust design ranging from innovative volatility products to margin trading, derivatives trading, staking products, and other investment solutions.
Bonfida is the full product suite that bridges the gap between Serum, Solana, and the growing userbase actively trading on the Serum DEX. As a flagship Serum GUI, the platform brings the first Solana data analytics to the ecosystem, aiming to make Bonfida a one-stop solution to replicate prominent players in the Ethereum DeFi ecosystem.