What is BONK?

_{Bonk (BONK)What is it?}

BONK is a meme coin that runs on the Solana blockchain.
Designed to engage the community through humor and internet culture
Launched on December 25, 2022, as a free airdrop for Solana users
Rapidly gaining popularity, becoming a prominent player in the meme coin market.
Alongside other tokens such as Dogecoin (DOGE) and Shiba Inu (SHIB)

_{Founder/Date Founded:}

The founder of BONK is known by the pseudonym Nom. He is a developer within the Solana ecosystem.
And has been working in this area since February 2021. BONK was launched on December 25, 2022.
In response to the collapse of FTX, aiming to revive the Solana community.
And added positive thoughts to the market after the cryptocurrency market fell sharply.

_{Objective/Use Case:}

BONK started out as a meme coin, but has evolved into a variety of purposes and use cases within the Solana ecosystem.
The main goal is community participation and utility that goes beyond speculation alone.
Empowering Communities: BONK was created to counter the centralization and influence of venture capital in the Solana ecosystem.
By distributing a significant portion of supply via airdrop, BONK aims to promote a more community-driven approach.
Engage users in the governance and development of the network.

_{Total supply/Limit or Unlimited:}

BONK has a total supply of about 100 trillion tokens. However, the current circulating supply is about 74.92 trillion tokens.

_{Supply Deflation:}

BONK uses the Deflationary tokenomics model, which aims to reduce the total supply of coins over time.
To increase the value, this mechanism is similar to the strategy used by other meme coins such as Shiba Inu.

_Source:

Coincentral.com

Coinmarketcap: BONK

BraveNewCoin.com

Whitepaper: BONK