Bonfida’s Weekly Newsletter 26/01/2021

Welcome to the 4th edition of our weekly newsletter.

This week we achieved more milestones and have some great information to share. So, sit back and enjoy.

Key Performance Metrics:

This week the Serum DEX achieved a total volume of $85,178,331, this is a decrease when compared to the previous weeks $94,367,569. However, so far this month’s total volume is currently at $274,692,699, compared to the month of December where the total volume achieved was $115,507,176.

This week the daily average volume was $9,745,372, ranging from a low of $4,758,629 to a high of $18,165,290. The weekly high was an ATH for the Serum DEX. The largest trading pair was BTC/USD and BTC/USDT.

This week the daily average volume was $9,745,372, ranging from a low of $4,758,629 to a high of $18,165,290. The weekly high was an ATH for the Serum DEX. The largest trading pair was BTC/USD and BTC/USDT.

In the month of December, the calculated daily average FIDA buy and burn was 2585.9 FIDA a day. Sometime within the next 7 days there will be another FIDA buy and burn occurring. This will allow us to provide a calculated daily buy and burn amount.

Announcements:

$MAPS IDO ON THE 1ST OF FEBRUARY

Serum is auctioning off 2,000,000 $MAPS tokens on the 1st of February.

· A MAPS/USDT market will be listed on Serum.

· You have 15 minutes to place bids on the orderbook between February 1st, 21:45 SGT — February 1st, 22:00 SGT. You can bid at any price that you think is reasonable (min bid is $0.10/MAPS).

· Between February 1st, 22:00–22:01 SGT, 2,000,000 MAPS tokens will be market sold in this market, and so the top bids in the orderbook will be filled.

· You will need to cancel any unfilled open orders after the allocations are announced.

More information can be found here: https://help.bonfida.com/ido/participate/

$MAPS POOL IS NOW INITIALIZED

(https://bonfida.com/dex/#/pools/2puQ9QbXjnUmfvB1cDiJ5DBCdUBEr2YuUaGMGaLQGMMV)

The $MAPS pool is now full. Its reached its $1,000,000 hard cap. Which means that the pool is now initialized. LP tokens have been distributed and the market will be tradable on the DEX from the 1st of February onwards.

The pool acquired 8,902,194 MAPS at price of $0.11 each.

Keep in mind. MAPS tokens purchased by the Pool are unlocked, however, participants will not be able to withdraw from the pool for 1 year.

$MAPS IRREGULAR BURN

(https://twitter.com/bonfida/status/1351508731293405197)

With the $MAPS pool being initialized all FIDA deposited with USD pairs has been removed from circulation.

GOT FEEDBACK? LET US KNOW TO ENTER THE CHANCE TO WIN FREE FIDA!

(https://twitter.com/bonfida/status/1352263087601053700)

Have you used the Bonfida DEX before? Let us know your feedback and if you have any suggestions.

You could win $50 worth of FIDA tokens.

$OXY (OXYGEN) POOL IS FILLING UP FAST. WHAT IS $OXY?

Oxygen is an on-chain prime brokerage built by a team from Goldman Sachs, on the liquid and growing Serum ecosystem, running on Solana’s scalable blockchain, and seeded by the 140m users of Maps.me, an on-chain mapping and fintech application.

Oxygen Protocol is a prime brokerage designed to cater to the needs of DeFi applications and users. By having a permissionless, cheap, and scalable prime brokerage protocol, Oxygen will democratize borrow/lending and make it more efficient for all participants. The Alpha version is available on the website.

To participate in the Oxygen pool: https://bonfida.com/dex/#/pools/DMB2kpigGpjfzfhMeF2rRccBNmgCEeXdWEAQb2aq4NgP

More about Oxygen: https://oxygenprotocol.medium.com/oxygen-a-defi-prime-brokerage-c01dc68d8c61

Developments:

BONFIDA TURKISH COMMUNITY CREATES A GUIDE ON USING THE DEX

The user community of the Bonfida has made a ‘How-to’ guide to using the DEX.

We are excited to have a community who is passionate about helping others use the DEX.

Guide can be found here: https://insidetrader.medium.com/bonfida-dex-kullan%C4%B1m-rehberi-5e78de57c6e2

LIVECOINWATCH LISTS BONFIDA ANALYTICS

(https://www.livecoinwatch.com/price/Bonfida-FIDA)

We are excited that LiveCoinWatch has listed Bonfida to its directory with in-depth analytics.

WHATS YOUR STRATEGY? AUTOMATED TRADING STRATEGIES COMING TO BONFIDA

(https://twitter.com/bonfida/status/1352840374096543746)

Coming exclusively to the Bonfida DEX is automated trading strategies. This will allow users to build BOT’s on the DEX. Successful and profitable bots can allow users to pledge their collateral to strategies.

The rule (BOT) owner can decide how much to charge:

· It could be a daily % fee.

· It could be a % of profits.

(Those fees face the same distribution as above)

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.

Follow us on our socials to keep up to date on any announcements.

Reddit: reddit.com/r/Bonfida/

Trade: bonfida.com/dex

TG Announcements: http://t.me/BonfidaANN

Telegram: https://t.me/bonfidatg

Website: bonfida.com

Twitter: twitter.com/bonfida

Discord: discord.gg/XAfxEMBE2Y

Medium: https://bonfida.medium.com/

Price Chat: https://t.me/FIDAtrading

Chinese Chat: https://t.me/bonfidacn

Data, Analytics, and GUIs for Serum

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