Welcome to the 5th edition of our weekly newsletter.
This week we achieved more milestones and got some information you would like to hear. So, sit back and enjoy.
Key Performance Metrics:
We closed out January with our largest total volume ever, a total of $339 million on the Serum DEX. This is an enormous 194% increase compared to December with a total volume of $115 million. The overall volume increase can be further broken down into other key metrics.
The past week saw a total volume of $79.9 million which is up 17% to the previous week. This equates to a daily average volume of $11.4 million Volume ranged from $3.7 million to a new ATH of $18.33 million.
For the month of January, a total of 251k FIDA tokens were removed from circulation as part of the buy and burn program. This figure includes 2 pool initialization that occurred from the Oxygen and Maps Pool, each contributed roughly 100k tokens. The calculated average of tokens burnt is 8125 FIDA per a day, this is an 214% increase.
Overall, this has been a huge month for Bonfida! We are eager to see what can be achieved going forward.
MAPS IDO LAUNCH
The launch of MAPS was successful, participants in the auctions who were successful in getting a slice of the 2,000,000 MAPS had bids at around 50c.
This event was a good stress-test on the DEX to address future short-comings. If you participated in the IDO, please let us know how your overall experience was.
OXYGEN VC POOL IS NOW FULL
The Oxygen (OXY) Pool is now at capacity. This means the pool now holds a total value of 1 million dollars to purchase OXY tokens at a 10% discount on IEO pricing.
$800 MILLION USD INCEPTION VALUE
Coming off our biggest month, we close the month out with another significant milestone. $800 million has been transacted on the Serum DEX.
Let’s just say, we look forward to unlocking the 1 billion dollar achievement 😉
ONE OFF IRREGULAR BURN
Over 100,057.14 FIDA were removed from circulation as part of the OXY pool be initialized. These FIDA tokens are taken as part of the 1:10 ratio (FIDA/USDT) that is required to participant.
At the end of the month all fees that are generated by Bonfida are involved in the buy and burn. This month 51,765.7 FIDA’s were removed, that is a total USD value of $31,600 estimate.
WANT TO DEVELOP ON SERUM AND SOLANA?
Got an idea or a project you would like to develop? If so, we will love to hear from you.
Get in touch with us through our socials.
MAPS TO BE ADDED TO THE SECO POOL
After this Sundays rebalancing, MAPS will be added to the Serum Ecosystem (SECO) Pool. This will allow owners of the pool to have exposure to five assets.
These five assets are: SRM, SOL, FIDA, LQID & MAPS
Purchase SECO tokens here: https://bonfida.com/dex/#/market/3HZWXFCx74xapSPV4rqBv2V7jUshauGS37vqxxoGp6qJ
Thank you for taking a moment to keep up to date with Bonfida newsletter.
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None of the above is financial advice.
Bonfida does not provide services to personal accounts of current residents of the United States of America, Cuba, Crimea and Sevastopol, Iran, Syria, North Korea, or Antigua and Barbuda.
FIDA is not offered within the United States or prohibited jurisdiction.
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