Solana Name Service Price in India (FIDA)

Solana Name Service is a decentralized protocol that bridges the gap between decentralized exchanges (DEXs) and traditional financial tools. Built on Solana, Solana Name Service offers high-speed and low-cost trading, advanced analytics, and a suite of products that enhance the user experience for traders. The FIDA token powers the ecosystem, enabling governance, staking, and access to premium features.

Solana Name Service was launched in 2020 by a team of blockchain developers and traders who sought to create a user-friendly, decentralized trading platform. It is backed by the Solana ecosystem, making it a prominent player in the blockchain trading space.

•Decentralized trading tools: Offers advanced trading features, including order book analytics and DEX APIs.

•Staking: FIDA holders can stake their tokens to earn rewards and access premium features.

•Cross-chain compatibility: Supports Solana and Ethereum-based assets for seamless trading.

•Governance: FIDA token holders can vote on protocol updates and proposals.

Solana Name Service has established itself as a vital player in the decentralized trading space. With its integration into the Solana ecosystem, it offers speed, efficiency, and scalability. Ranked among the top 300 cryptos by market cap, FIDA has significant growth potential as DeFi adoption increases.

You can buy FIDA from crypto exchanges like CoinSwitch.

•Trading: Use Solana Name Service’s tools and services for efficient and low-cost trading on Solana.

•Staking: Stake FIDA tokens to secure the network and earn rewards.

•Governance: Participate in protocol governance by voting on key decisions using FIDA tokens.

•Analytics: Access premium analytics tools and APIs using FIDA tokens.

•Built on Solana, offering high-speed and low-cost transactions.

•Provides advanced trading tools and analytics for crypto traders.

•Offers governance and staking opportunities for FIDA holders.

•Faces competition from other decentralized trading platforms.

•Relies on Solana’s ecosystem growth for broader adoption.

•Market volatility, as FIDA is tied to trading trends.

•Start investing in FIDA with just ₹100.

•CoinSwitch provides a seamless and intuitive trading experience for all users.

•Easily manage your transactions and portfolios on the app.

Solana Name Service (FIDA) is a comprehensive platform built on the Solana blockchain, offering a suite of decentralized finance (DeFi) services, including the Solana Name Service (SNS), a decentralized domain name service. The native utility token, FIDA, has a total supply of 1 billion tokens, allocated as follows: 68.4% to ecosystem development, 10% to Bonfida contributors, 10% to EcoSerum allocation, 9% to locked seed sales, 2% to liquidity, and 0.6% to the initial exchange offering (IEO). FIDA tokens are utilized within the Bonfida ecosystem for purposes such as accessing premium features, staking, and participating in governance decisions. Additionally, a significant portion of the fees collected from SNS domain registrations is used in a buy-and-burn program to enhance the token’s value.