We’re proud to announce the 2nd iteration of Pools! Previously we launched the Serum Ecosystem Pool and the Holy Trinity Pool — these basically allow participants to gain exposure to a basket of specific assets with one convenient deposit.

Now — the MAPS VC Pool. The idea is to let anybody have the ability to be a venture capitalist and take part in the early rounds of a project’s fund raising process. In partnership with Maps.me, Bonfida will be launching the MAPS VC Pool where participants can deposit USDC, and the Pool will swap the stablecoins for $MAPS at a 10% discount to IEO price.

How to Participate

$FIDA must be purchased to participate in the Pool — it represents the right to be a part of the Pool. For every 10 USDC deposited in the Pool, users must pair it with 1 $FIDA. Put simply, to buy 10 USDC of $MAPS you will need to put in 10 USDC + 1 $FIDA. All $FIDA in the pool will be burned after the Pool initializes.

While $MAPS tokens purchased by the pool are unlocked, participants will not be able to withdraw from the pool for 1 year — which effectively makes the $MAPS “locked”.

As with all other Pools, depositing in the MAPS VC Pool will receive a token (similar to an LP token) that represents their ownership of the pool. This token can be used to redeem assets from the pool depending on their share of it.

There is a cap of 1 Million USDC, and the pool works on a first come first serve basis.

The Maps VC Pool

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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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