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Bono is the new seal-themed meme coin whose main character, Bono, is characterized as a good boy going into the forest to find his dementia-ridden father.
The token’s appeal is limited, and its whitepaper does not highlight any underlying utility. Furthermore, besides the claim that the token has raised more than $150,000 in the first 36 hours, nothing else can be seen on the official website.
Can Bono shine through and become a good meme asset to invest in despite this minimalist approach?
What is Bono?
The official white paper describes Bono as a standard meme coin that will soon go on its presale. Despite that, the token has raised more than $150,000 within 36 hours.
Bono’s appearance resembles that of a blue seal. However, instead of an oceanic backdrop, Bono chooses a landmass.
The main lore of Bono talks about a forest and Bono’s father, who, due to dementia in his old age, has gotten lost.
Nothing else has been provided about Bono’s utility other than this information.
However, there is some information about its tokenomics and presale structure.
Bono Tokenomics – Focused on Social Attributes
The minimal whitepaper, which is yet to be completed, has not revealed the total supply of Bono. However, we do know that $bono is set to have a starting market capitalization of $750,000.
On the plus side, it has been declared that the entire liquidity is locked and burned and that there are no team tokens. The total supply is divided into airdrops, presale allocation, and liquidity allocation.
10% of the supply is for the airdrops
45% of the supply is for liquidity
45% of the supply is for presale.
Bono Set to Go Live on Multiple Exchanges
While Bono has specified in its whitepaper that the token’s key details will not be live until right before the launch, it will be listed on multiple exchanges, including Raydium, Jupiter, Orca, and MEXC, once the presale ends.
The whitepaper has further claimed that multiple tier-1 centralized exchanges are monitoring Bono.
Bono Roadmap
Bono has a conventional roadmap, with the end goal of going live on multiple exchanges. Bono is also planning on releasing multiple NFTs via its partnership with truffle.wtf, a Metaplex-owned NFT service platform.
The last stage of the roadmap is for Bono to go live on tier-1 exchanges like OKX, Gate.io, and more, provided that it reaches the ideal market capitalization.
Bono Price Prediction – Is $bono a Good Investment?
Bono is a very minimalist project, and even though it has some ambitious goals, like the release of NFTs, it has not shown anything tangible to its community.
However, Bono’s social media following is large, with over 25,000 followers on Twitter.
Considering these factors, we can assume that $bono will pump after its listing, likely due to the hype created on social media.
$bono presale has raised more than $150k in just 36 hours.
our new website now supports multichain payment options! 
don't miss out on the biggest memecoin movement of this summer! 
https://t.co/D68yoVOeL1 – buy $bono now pic.twitter.com/r3h8BJo1RZ
— bono (@bonootter) July 11, 2024
If we go by numbers alone, Bono has ample engagement, which can help fuel its presale, causing it to go 2x or even 5x after its listing.
Another factor that could contribute to its growth is the rising appeal of meme coins as a legitimate investment.
For example, the Meme Coin Indices introduced by VanEck and BitMEX add to meme tokens’ legitimacy as investment instruments. According to experts like 99Bitcoins, this can send most meme coins soaring.
However, whether Bono will be affected by this growth will depend on its relevance after it goes live.
Additionally, the project is not very transparent in terms of key details, making other projects like PlayDoge potentially also worth considering to diversify your portfolio.
PlayDoge – New Meme Coin ICO
PlayDoge is a leading dog-themed token currently available for purchase. Featuring an 8-bit Doge, this project includes Tamagotchi games within the blockchain ecosystem.
With such a combination, the stakes are raised when it comes to taking care of digital pets. With rewards tied to feeding, caring for, and entertaining these pets, PlayDoge has the potential to initiate a big comeback of Tamagotchi games.
The project also includes mini-games, making it more substantial than standard Tamagotchis.
Multiple crypto YouTubers have come out to support this project. ClayBro has predicted gains from this token, stating that it has 20x potential. Matthew Perry revealed that he had bought $5000 worth of PlayDoge.
Jacob Crypto Bury has also stated that this crypto has 10x potential.
Zach Humphries, another widely followed crypto YouTuber, has given a realistic review of this project, stating that it can generate 2x to 3x gains for early investors.
Overall, this project has set the community ablaze with its unique appeal and gaming attributes. Its presale has already raised over $5 million, and at its current pace may sell out soon.
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*Cryptonomist did not write the article or test the platform.
