What is BONK? Information, History and Analysis

Bonk is a memecoin formed and developed on the Solana platform with the goal of supporting and strengthening the community through token distribution. BONK can be compared to other meme coins with the same dog and cat theme such as DOGE, SHIB,…

For more interesting and in-depth information about BONK, please follow the following article with AZcoin.

What is BONK?

BONK is a memecoin that was formed and developed on the Solana platform in late 2022, which was a pretty bad time for the platform due to the collapse of FTX. BONK’s inspiration came from a meme depicting a Cheems dog being hit in the head.

On the other hand, BONK can be compared to other meme coins with the same dog and cat theme such as DOGE and SHIB.

From the start, BONK was initially launched as a free airdrop to the Solana community with the goal of entering the web3 community. Up to now, BONK’s biggest goal is to expand the listing list on the exchange and the ability to integrate utilities on different platforms and fields.

What is BONK used for?

As one of the leading public currencies, BONK has been constantly expanding and integrating many other utilities. The main activities that can use BONK Token are:

• Storage: Users can use BONK to store in famous e-wallets.
• Gaming: Users can use BONK to participate in game activities and special reward events on the platform.
• NFT: Users can use BONK to make payments for NFT assets on different platforms.
• Payment: Users can use BONK to make payments for services and assets from supporting distribution units.
• Social: Users can use BONK to vote and propose community projects on the platform.

What is BONK’s ecosystem?

BONK’s ecosystem is currently formed from the following three main components:

• BonkSwap: Decentralized exchange (DEX) platform that allows transactions of BONK Token and other electronic assets.
• BonkDex: Decentralized finance (DeFi) platform, which provides various DeFi services to the platform’s users.
• BonkVault: Safe storage for BONK Tokens and other electronic assets of users on the platform.

And if you want to know more about other memecoins, we have more suggestions for you like Dogecoin, Shiba inu, Dogwifhat,…

Basic information about BONK Token

Specifications

• Token Name: Bonk
• Ticker:BONK
• Token Standard: SPL
• Blockchain:Solana
• Contract: DezXAZ8z7PnrnRJjz3wXBoRgixCa6xjnB7YaB1pPB263
• Token type: Utility
• Total Supply:100.000.000.000.000 BONK
• Circulating Supply: 56.000.000.000.000 BONK

Allocation rate

• Airdrop: 50%
• Early Contributors:20%
• BONK DAO:15%
• Team Development:5% (burn)
• Marketing: 5%
• Initial Liquidity: 5%

How to own BONK?

To own BONK Token, the best crypto exchanges we recommend that you conduct transactions through exchanges such as Bybit, Huobi, Raydium or Orca. However, the current liquidity level of Raydium exchange is relatively low, so be careful when making transactions.

Where should BONK be stored?

If you are looking for a place to store your BONK Tokens, exchange wallets will be the number one choice for you or you can try wallets that support the Solana network such as Coin98 Super App, Phantom, …

Does BONK have potential?

BONK from its inception until now has been and always has been a community-centered project with extremely strong community support and interaction. Thanks to that, a large and sustainable community has been formed around this project.

In other words, BONK is a project with great development potential, which can be considered the future of a cohesive and creative cryptocurrency culture. However, investing in BONK also needs evaluation process before implementation.

Summary

After all, hopefully this article has helped you gain more information and understanding about BONK and everything about this. See you in the future we will meet again in other more interesting content.