$FIDA Supply
The core players of Bonfida, including the seed investors, are locked for the long term. We only wanted contributions from those who believe in us for the long run.
95.4% of all FIDA tokens are locked for four years and no tokens began to unlock before 12 months from the FIDA IEO and IDO’s.
$FIDA began unlocking on the 31st of December, 2021
Of the remaining 4.6%, 2% were sold to liquidity providers to maintain adequate liquidity across all exchanges. These tokens will only be used in a market-making capacity to meet the demand of buyers.
The next 0.6% will be used for FIDA’s IEO’s and IDO’s to provide an opportunity for the community to purchase the tokens they desire.
The remaining unlocked tokens are used for FIDA and SRM ecosystem rewards and incentives. These coins will not be sold or otherwise put on the market by the team. They will be disbursed through a long timeline of FIDA and SRM rewards to provide incentives for robust community interactions.
This puts FIDA in a very unique position for a token; for the entire first 12 months, there were no seed sales unlocked, making that 95.4% of all tokens locked, and only a few percentages of tokens actually circulating. Thus there are no large holders to act as net sellers of any kind.
The Bonfida White Paper (Page 4) contains more information on our tokenomics
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