The developers have promised staking, raffles, and trading contests in the near future. It is expected that the more rights and opportunities the token itself will provide, the higher its value will be. The project is still under active development. The developers promise many integrations and possibly the possibility of future voting among BONK holders (usually by voting important decisions about the further development of the project are made). 50 trillion, will be available after the airdrop completion. Non-members of the Solana community can also buy BONK by following these simple video instructions below. 20% to holders of 40 NFT collections based on Solana.What is the BONK token?īONK is an airdropped community dog coin (since half of all tokens will be distributed to those who support Solana blockchain in different ways) provided to a wide range of Solana NFT holders, DeFi members, 1/1 art collectors, and Solana developers.īONK tokens are still in the process of giving away, but the token developers have already told us what percentage the community will receive:
Integrating airdrops, fflips, and raffles is implemented with the Famous Fox Federation. Helio, the Web3 payments API, is used as an initial funding tool. Overall, 50% of the total number of coins will be distributed as an airdrop (free giveaway).ĭexlab, a minting lab, launchpad, and a dedicated DEX for all listings, helped create the token. All of this is causing great fear among investors and companies who are trying to distance themselves from Solana, or at least not target only this blockchain as the only one.Ī BONK token giveaway has been launched just before Christmas to reward everyone who is supporting the work of the Solana blockchain (NFT, art and Solana DeFi enthusiasts, developers etc.). About $643 million in SOL is under the control of liquidators as part of the bankruptcy process of Alameda Research (an FTX subsidiary). The process should be completed early next year.Īll because Solana was hit by FTX collapse. Among the last to leave Solana were major NFT collections like DeGods and y00ts. The decentralized exchange (DeFi/DEX) protocol Serum on the Solana blockchain announced its closure, while the Solana-focused cryptocurrency wallet Phantom has added support for Ethereum and Polygon. The token appeared to support the Solana community, which is going through bad times. It was created as a joke and meme parody like DOGE, which Elon Musk supports, and is promoted by the Reddit community. It was launched in May 2021, and it can be bought at PancakeSwap (V2) for about $0.0000000055, among other exchanges. Another 5% tax is automatically added to the locked liquidity pool. And a 5% tax, which is applied to all transactions, is distributed to DogeBonk holders. DogeBonk is a Binance Smart Chain (BSC) token with deflationary properties and automatic yield generation That is, the number of tokens is "burned" from time to time by the developers to increase their value. DogeBonk (DOBO) is not the same as the Bonk Inu Token (BONK) in question here today. The new meme token should not be confused with another (yes, it’s complicated), better known one (to some extent). Another popular Shiba Inu coin is Shiba Inu (SHIB) worth about $0.000008. At the moment, even DOGE, the most popular doggy coin, has not managed to reach the price of $1, only $0.07. By comparison, Bitcoin’s capitalization is $324.81 billion as of December 26. That’s because the capitalization would reach at least $100 trillion.
In such a case, BONK would become the largest token by market capitalization, with Bitcoin second. R89 Capital says the token has a chance to reach $1 even though it has 100 trillion coins (usually the higher the number of tokens, the cheaper they are). And this token (sigh again) is dedicated to the Shiba Inu dog.
However, Twitter personality R89 Capital, who is quite famous in the crypto community, recently told his followers about the existence of a new (yet another, sigh) meme token. Until December of this year, not many people had heard of it, except those who actively monitor the Solana development. And it is a token that is launched in the decentralized organization BonkDAO, based on the Solana blockchain. 4 Meme tokens - a chance to lose or to earn?īonk! No, we didn’t hit you.
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