#fida $FIDA

# FIDA (Solana Name Service)

## What is FIDA?

FIDA is the native token of the Solana Name Service (SNS) project, which was formerly known as Bonfida. It is a blockchain project on the Solana platform that focuses on simplifying decentralized identities.

## Main Features:

- **Domain Service**: SNS provides a cost-effective and decentralized solution for managing domain names ending in .sol

- **Web3 Identity**: Enables the creation of pseudo-anonymous identities for users

- **Infrastructure Provider**: SNS is evolving into a key infrastructure provider in the Solana ecosystem

- **Integrations**: Over 115 protocols and partnerships are already integrated

## Technical Details:

- **Token Standard**: SPL (Solana Program Library)

- **Blockchain**: Solana (SOL)

- **Smart Contract**: EchesyfXePKdLtoiZSL8pBe8Myagyy8ZRqsACNCFGnvp

- **Start Date**: December 1, 2020

## Use of the FIDA Token:

The FIDA token is primarily used for the governance of the Bonfida protocol. Token holders can vote on the future development of the protocol, thus influencing the direction of the project.

## Market Presence:

- FIDA is traded on various exchanges, including Bithumb, MEXC, and Toobit

- The token was listed on Coinbase in early February 2022, marking the first listing of a Solana-based project token on this platform

## Current Price and Market Data:

- Current Price: approximately $0.0598

- All-Time High: $28.77 (reached on November 3, 2021)

- Circulating Supply: 990.91 million tokens

- Maximum Supply: 1 billion tokens

FIDA is an interesting project in the Solana ecosystem that aims to bridge the gap between Web2 and Web3 and promote the mass adoption of blockchain technologies.

The above information has been researched and summarized by AI and does not constitute investment advice.