May 13, 2024

Table of content

We Are Listing Bonk (BONK)!

The BONK token was created in December 2021. It was launched as an airdrop and is known as the first Solana dog token "for the people, by the people". The BONK team designed the token with the Solana ecosystem in mind, airdropping 50% of their supply to the community in December 2022. The remaining 50% was allocated to five key categories: team development, marketing, initial liquidity, BONK DAO, and early contributors.

The Bonk ecosystem consists of BonkSwap, BonkBot, and BonkRewards. BonkSwap is the decentralized exchange (DEX) platform within the Bonk ecosystem, allowing users to trade Bonk tokens and other cryptocurrencies. BonkBot is a free-to-use Telegram trading bot and BonkRewards allows users to lock their assets in a pool for rewards.

What is BONK Token?

BONK is a meme coin that stands out for its unique tokenomics, which is inherently tied to its burning mechanism. It has a maximum supply of nearly 100 trillion coins, and, for example, just last year 5 trillion tokens were burnt in a singular event.

This burning mechanism involves a percentage of each transaction being permanently removed from circulation, reducing the total supply of BONK over time. This approach is designed to incentivize holding and discourage selling, potentially increasing the value of each remaining BONK token over time.

Here are some other things you need to know about the token:

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  • Trading Volume (24h): The trading volume of BONK in the past 24 hours is $284.71 million.
  • Circulating Supply: The circulating supply of BONK is 63.82 trillion tokens.
  • Total Supply: The total supply of BONK is 93.08 trillion tokens.

Trade BONK

Whether you are a memecoin collector or searching for the next versatile asset, BONK fits the bill either way and is available on Cryptology!

To join the impressive Bonk ecosystem, all you need to do is purchase your first BONK tokens. Head over to our trading page to begin your journey.

! Disclaimer

The information provided in this article is for educational and informational purposes only and should not be construed as financial, tax, or legal advice or recommendation. Dealing with virtual currencies involves significant risks, including the potential loss of your investment. We strongly recommend you obtain independent professional advice before making any financial decisions. The products and services offered by Cryptology may not be suitable for all users and may not be available in certain countries or jurisdictions. The promotional materials do not guarantee any specific outcomes or profits from virtual trading. Past performance is not indicative of future results. It is important to read and understand the risks, which are explained in our Risk Disclosure Statement

Tom F.

Tom is one of the content managers here at Cryptology. While still fresh in his career he has been able to firmly place himself within the world of crypto and content creation, producing work for a number of publications including esports.net and The Times of Malta newspaper.