Question 1

What is Solana Name Service (FIDA )?

Accepted Answer

The Solana Name Service (SNS), previously known as Bonfida (FIDA), is a blockchain-focused project aimed at simplifying decentralized identities on the Solana blockchain. The core mission of SNS is to provide a cost-effective and decentralized solution for managing domain names with the .sol extension. These domains map human-readable names to on-chain data such as Solana addresses, IPFS CIDs, and other relevant information. This service enables the creation of pseudo-anonymous identities for users, improving the user experience across decentralized applications (dApps) and the metaverse. SNS helps users manage and maintain their Web3 identity in a manner that prioritizes privacy, security, and user control over their personal data​.

In addition to domain services, SNS is evolving into a key infrastructure provider within the Solana ecosystem, integrating over 115 protocols and partnerships. By bridging the gap between Web2 and Web3, SNS aims to drive mass adoption of blockchain technologies, particularly by making interactions on Solana more user-friendly and accessible​.

Question 2

Who created Solana Name Service (SNS)?

Accepted Answer

The team behind Solana Name Service (SNS) consists of experienced blockchain engineers, cryptocurrency analysts, and developers, many of whom were part of the original Bonfida team. With a commitment to long-term growth, the team has expanded its focus from a decentralized naming service to becoming an essential part of the broader Solana ecosystem. This transformation has been driven by feedback from the community, investors, and partners. The project was initially launched with support from the Solana Foundation, and continues to grow through strong backing from institutional partners​

Question 3

What is $FIDA used for?

Accepted Answer

The $FIDA token remains the primary utility token of the Solana Name Service (SNS) ecosystem. It is used to pay for domain registrations and renewals within the SNS. Additionally, $FIDA provides discounts on services and supports governance decisions within the SNS platform. It also funds partnerships and expansion efforts by providing grants to developers integrating with SNS. The token plays an important role in the community by rewarding users and contributors, ensuring continued engagement and growth.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	FIDA-USDT FIDAUSDT	binance	AA	0.02172USDT	-1.32%	97,489,315.00FIDA	39,006	0.02201USDT	0.02329USDT
2	FIDA-TRY FIDATRY	binance	AA	1.07TRY	-1.39%	46,742,927.60FIDA	5,515	1.08TRY	1.15TRY
3	FIDA-USD FIDA-USD	coinbase	AA	0.02167USD	-1.65%	3,793,191.93FIDA	1,135	0.02203USD	0.02319USD
4	FIDA-USDT FIDAUSDT	bybit	A	0.02167USDT	-1.50%	1,541,120.95FIDA	925	0.02200USDT	0.02326USDT
5	FIDA-USDT FIDA_USDT	gateio	A	0.02165USDT	-1.72%	1,175,839.45FIDA	1,198	0.02203USDT	0.02315USDT
6	FIDA-USD FIDAUSD	kraken	AA	0.02166USD	-1.05%	921,039.25FIDA	148	0.02189USD	0.02299USD
7	FIDA-USDT FIDA-USDT	kucoin	BB	0.02187USDT	-0.73%	245,827.30FIDA	182	0.02203USDT	0.02323USDT
8	FIDA-EUR FIDAEUR	kraken	AA	0.01958EUR	0.46%	179,420.09FIDA	40	0.01949EUR	0.02053EUR
9	FIDA-USD FIDAUSD	cexio	BB	0.02180USD	3.17%	2,104.80FIDA	2	0.02113USD	0.02219USD
10	FIDA-USDT FIDAUSDT	cexio	BB	0.02178USDT	0.18%	841.92FIDA	1	0.02174USDT	0.02178USDT
11	FIDA-USDC FIDAUSDC	cexio	BB	0.02206USDC	3.60%	841.92FIDA	1	0.02130USDC	0.02206USDC
12	FIDA-USDT fida_usdt	lbank	C	0.02170USDT	-1.45%	65,191,386.60FIDA	85,592	0.02202USDT	0.02320USDT
13	FIDA-TRY FIDATRY	btcturk	E	1.06TRY	-1.56%	35,995,361.00FIDA	1,870	1.08TRY	1.14TRY
14	FIDA-USDT FIDAUSDT	toobit	C	0.02171USDT	-1.41%	12,642,725.50FIDA	8,194	0.02202USDT	0.02323USDT
15	FIDA-USDT FIDA_USDT	bitunix	C	0.02169USDT	-1.50%	5,044,363.10FIDA	8,465	0.02202USDT	0.02321USDT
16	FIDA-USDT FIDAUSDT	bitrue	D	0.02170USDT	-1.36%	3,791,587.30FIDA	10,029	0.02200USDT	0.02320USDT
17	FIDA-USDT FIDA_USDT	coinw	-	0.02169USDT	-1.45%	3,651,383.34FIDA	2,205	0.02201USDT	0.02320USDT
18	FIDA-USDT FIDAUSDT	mexc	C	0.02170USDT	-1.41%	3,405,231.68FIDA	3,221	0.02201USDT	0.02324USDT
19	FIDA-USDT fida_usdt	digifinex	D	0.02170USDT	-2.25%	2,777,485.02FIDA	7,709	0.02220USDT	0.02320USDT
20	FIDA-THB THB_FIDA	bitkub	C	0.7235THB	-1.29%	1,542,824.05FIDA	926	0.7330THB	0.7864THB
21	FIDA-USDT FIDAUSDT	btcturk	E	0.02171USDT	-0.53%	1,464,923.00FIDA	71	0.02183USDT	0.02314USDT
22	FIDA-EUR FIDA-EUR	bitvavo	B	0.01951EUR	-0.52%	1,184,852.99FIDA	147	0.01961EUR	0.02048EUR
23	FIDA-USDC FIDA_USDC	cryptology	D	0.02171USDC	-1.41%	929,074.80FIDA	1,543	0.02202USDC	0.02313USDC
24	FIDA-USDT FIDA_USDT	cryptology	D	0.02173USDT	-1.18%	913,386.70FIDA	1,518	0.02199USDT	0.02317USDT
25	FIDA-USDT FIDAUSDT	latoken	D	0.02184USDT	-1.17%	380,232.47FIDA	1,131	0.02209USDT	0.02289USDT
26	FIDA-EUR FIDAEUR	bit2me	B	0.01958EUR	0.46%	179,420.09FIDA	40	0.01949EUR	0.02053EUR
27	FIDA-INR FIDAINR	coindcx	-	2.13INR	-4.34%	35,266.90FIDA	34	2.22INR	2.29INR
28	FIDA-USDT FIDA_USDT	poloniex	C	0.02230USDT	0.00%	0FIDA	0	0.02230USDT	0.02230USDT
29	FIDA-USDT FIDAUSDT	coinex	C	0.02183USDT	0.00%	0FIDA	0	0.02183USDT	0.02183USDT
30	FIDA-USDT FIDAUSDT	hitbtc	E	0.01858USDT	0.00%	0FIDA	0	0.01858USDT	0.01858USDT
31	FIDA-BTC FIDABTC	hitbtc	E	0.0₆2600BTC	0.00%	0FIDA	0	0.0₆2600BTC	0.0₆2600BTC