About Bonk (BONK)
BONK is a community coin designed with the idea to integrate into Solana dApps across the entire network and serve as an incentive for user participation. BONK is the first dog-themed coin on Solana, launched on December 25, 2022, that gained substantial attention due to its follower-based design and 50% airdrop to Solana users.
Resembling other meme currencies like Dogecoin and Shiba Inu, it showed a significant positive impact on the SOL token prices (34% rise in the initial 48 hours post-launch). Trading started soon after, on December 30, 2022 - generating authentic intrigue among crypto enthusiasts.
The ambition of the creators is to rejuvenate liquidity on Solana's decentralized exchanges. They designed BONK as a comprehensive community coin integrated across Solana-built decentralized apps with the vision of a collaborative ecosystem where everyone benefits equitably.
Solana's NFT collectors, developers, and artists were the main recipients of the random BONK airdrops, though further airdrop specifics are hitherto undisclosed. Presently, the project maintains a minimal digital presence except for its active X (formerly Twitter) profile.
Regarding the Bonk team, they prefer anonymity till now (January 2023) and investors lack a complete whitepaper at their disposal. However, a one-pager and bonk-paper are available online outlining token distribution, integration information, and blockchain explorer links.
BONK is a multi-utility token used as a medium of exchange between supporters of the Bonk ecosystem in a decentralized manner. It serves as a a secure mode of payment and settlement between participants who interact within the Bonk ecosystem. BONK also provides incentives to encourage users. The live price of BONK is available and updated in real-time on Binance.