BonkBONK

About(BONK)

FAQ About Bonk (BONK)

• What Is Bonk (BONK)?

  BONK, according to the one-pager is the first dog themed coin on Solana. 50% of the total supply will be airdropped to Solana's community. BONK, which is similar to Dogecoin and Shiba Inu memecoins was launched on 25 December 2022 and led to a 34% increase in price for the SOL token. Trading started on December 30, 2022. This sparked genuine interest in the crypto community.
  The team's main objective is to restore liquidity to Solana decentralized exchanges. The developers wanted to create a community coin which would be used in all dApps that are built on Solana. Each user will also have the chance to become a part of this ecosystem where everyone has a fair shot.
  BONK was randomly airdropped to Solana and NFT developers, collectors, and artists. Other airdrop details are unknown. The project currently has a limited digital footprint, with the exception of an active Twitter account.

• Where to Buy Bonk?

  You can buy Bonk coin with USDT here on Toobit. Read our guide on How to Buy Crypto on Toobit for more information.

• How Is the Bonk Network Secured?

  BONK is a Solana token that relies on an unique combination of Proof of History (PoH) and Proof-of stake (PoS) consensus mechanism, which improves the throughput and scaleability. Solana, a Layer 1 Blockchain, is considered to be one of the fastest networks and most performant permissionless blockchains on the market due to its speed.

• What is Bonk Price Now?

  Are you looking for Bonk price? Live Bonk price is updated in real-time on Toobit.

• Where to Sell Bonk?

  You can sell Bonk to USDT here on Toobit. Read our guide on How to Trade Spot on Toobit for more information.

• What Makes Bonk (BONK) Unique?

  Nearly half the total supply is distributed among those who maintain the Solana blockchain and contribute to the development of community in any way possible. The 50 trillion coins are distributed to those who contribute in any way to the growth of the Solana community and maintain the Solana Blockchain. Orca, a DEX that is built on the Solana Blockchain, reports that the airdrop generated approximately $20 million worth of trading volume. Since December 30, 2022 when $BONK became available on a variety of popular crypto-exchanges, the token's value has increased by more than 2,000% within a week. In 2023, it was the top performing crypto asset in terms of return percentages.
  BONK has now over 350 Onchain Integrations built by community members across multiple verticals.

• What are the BONK Distribution?

  21% → 40 Active Projects
  21% of the coin is being distributed amongst 40 active Solana NFT projects representing more than 296,000 individual NFTs. These are spread between high, middle and low cap collections, to prevent then potential accrual of all tokens towards owners of expensive NFTs. This will be based on a snapsshot of delisted NFTs, and airdropped viathe famous fox federation tools.
  
  21% → Early Contributors
  21% is allocated to the early contributors who helped launch, and continue to advance BONK since its inception. There are 22 individuals included in this allocation each of whom has provided early support in the form of artwork, token design, marketing, intergrations, web development, business development, and provision of early liquidity. Each individual remains dedicated to driving BONK's long-term success, and this will be reflected with 3-year linear token vesting period beginning from January 1st, 2023.
  
  16% → Market Participants
  16% of the supply is going towards market participants and defi users within the Solana ecosystem.
  
  16% → BONK DAO
  16% will go towards a BONK DAO to be used for initiatives conceived by the wider BONK community. A realms instance will be established and allocation of BONK for these initiatives. Program authority over the token will be delegated to the realms instance and guided by token holders going forward.
  
  10% → Artists and Collectors
  10% of the supply is going towards the artists and collectors of 1/1 art, using a snapshot of activity from the collector.sh team. This will not be proportional to volume traded, but there will be a minimal cutoff like the trader portion.
  
  5% → Solana DEVs
  5% of the supply is going towards developers on the Solana chain. Its vital to continue rewarding those who build the programs. We need to create things like BONK, and will hopefully be the first of many airdrops towards Solana developers going forward. This is being facilitated by lamportDAO.
  
  5% Liquidity Distribution
  5% has been allocated towards initial liquidity distribution. this is being used in raydium, orca, and solend, alongside other platforms like FFFLIP, Monaco protocol, and the boibook. Any rewards earned via this distribution will be returned to the BONKDAO.
  
  5% Marketing
  5% will be used for marketing promotions with teams like assetdash, and further giveaways and incentives for the promotion of BONK.