Bonk (BONK) is a meme coin cryptocurrency based on the Solana blockchain. Launched in December 2022, it has positioned itself as an alternative to other meme coins, standing out for its focus on community and its integration into the Solana ecosystem.
Main features:
Integration with Solana: Being built on the Solana blockchain, Bonk benefits from fast transactions and low fees, inherent characteristics of this network.
Community focus: Bonk presents itself as "the first meme coin of Solana for the people and by the people," emphasizing the active participation of its community in the development and promotion of the project.
Wide distribution: A significant portion of the BONK supply was distributed among artists, developers, and NFT collectors on Solana, fostering broad and diversified adoption.
Utilities:
Medium of exchange: BONK is used for transactions within the Solana ecosystem, facilitating payments and transfers between users.
Incentives on DeFi platforms: It is used in various decentralized finance platforms as a reward token, incentivizing participation in activities such as staking and liquidity provision.
Acquisition of NFTs: BONK is used for buying and selling non-fungible tokens in markets within the Solana ecosystem.
Whitepaper:
The Bonk project does not have a formal whitepaper.
However, its official website provides detailed information about its mission, distribution, and goals.
Annual price evolution of Bonk (BONK):
This is a list with the approximate price of BONK at the end of each year since its launch:
2022: $0.0000002
2023: $0.0000015
2024: $0.00004982 (as of November 20)
* A memecoin like any other in my opinion, its value depends on the "trend" of the moment *
