As of today, December 15, 2023, Binance has listed Bonk ($BONK), the largest meme coin on Solana, on Trading for BONK. It will be available on the following spot trading pairs: BONK/USDT, BONK/FDUSD, and BONK/TRY.
Users can start depositing BONK in preparation for trading and withdrawals will open on December 16, 2023. The listing fee for BONK is 0 BNB, and the token will be added as a new borrowable asset on Isolated Margin within 48 hours of listing.
What is Bonk ($BONK)?
BONK is a meme coin that was created by an anonymous team. It is the largest meme coin on Solana, and it has a growing community of users.
Seed Tag
The Seed Tag is a designation that is applied to innovative projects that may exhibit higher volatility and risks compared to other listed tokens. BONK will be assigned the Seed Tag. To gain trading access to tokens with the Seed Tag, users will need to pass a quiz every 90 days and agree to the Terms of Use.
Risk Reminder
BONK is a relatively new token that poses a higher than normal risk. It is subject to high price volatility, and it is important to do your own research before trading it.
Tokenomics of $BONK
The tokenomics of BONK are designed to promote community engagement and long-term value. Here are some of the key features of the tokenomics:
50% of the total supply of BONK will be burned. This will help to reduce the supply of the token and increase its scarcity.
50% of the total supply of BONK will be used for liquidity provision. This will ensure that there is always enough liquidity for users to trade BONK.
10% of all transaction fees will be distributed to BONK holders. This will incentivize people to hold BONK and help to grow the community.
5% of all transaction fees will be used to fund development and marketing. This will help to ensure that BONK is a sustainable project.
The tokenomics of BONK are designed to make the token more valuable over time. By burning tokens, providing liquidity, and distributing fees to holders, BONK is making itself a more attractive investment for long-term holders.
Here are some of the benefits of the BONK tokenomics:
Increased scarcity: Burning tokens reduces the supply of BONK, which makes it more scarce and valuable.
Strong community: The distribution of fees to holders incentivizes people to hold BONK and participate in the community.
Funding for development: The allocation of fees to funding development ensures that the project has the resources it needs to grow.
Connect with $BONK communities online:
To make the best out of your journey as $BONK investor, you can connect with some of the popular communities as follows:
r/BonkFinance: This subreddit is the offic:al community for BONK. It has over 10,000 members and is a great place to discuss the token, the project, and the community.
BonkNation.org: This website is the official website for BONK. It has a forum, a blog, and other resources for BONK holders and enthusiasts.
Bonk Army: This is a Discord server for BONK holders. It has over 5,000 members and is a great place to chat, share memes, and engage with other BONK enthusiasts.
Additional Information
The withdrawal open time is an estimated time for users' reference. Actual withdrawal status can be viewed on the withdrawal page.
Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Cover Image Source: cryptonews.com
