$BONK

BONK is a meme coin based on the Solana blockchain. Here are some key information about BONK:

• Project Background:

• BONK was launched on December 25, 2022, with a large-scale airdrop as a Christmas gift to the Solana community. 50% of its total supply was allocated to Solana users, including artists, creators, developers, NFT collectors, and active community members.

• Technical Features:

• BONK is built on Solana, which is a fast, scalable, and low-cost blockchain platform that supports smart contracts and decentralized applications.

• Community and Airdrop:

• The BONK airdrop was conducted randomly and anonymously, without any prior announcement or marketing, emphasizing its community-centric spirit.

• Market Performance:

• According to CoinPaprika data, BONK ranks 40th in market capitalization, with a circulating supply of 75,075,423,355,472, a total supply of 92,700,252,605,149, and a maximum supply of 93,526,183,276,778.

• Use Cases and Integration:

• BONK aims to become the "Solana Community Token" and is used in multiple decentralized applications. It has been used as a payment option for NFTs on several platforms, such as OpenBook and Orca, as well as for staking NFTs on platforms like SolFarm and BonkStake.

• Burn Mechanism:

• BONK uses a "burn" mechanism, where a portion of each transaction fee is permanently destroyed, thereby reducing its supply over time and helping to maintain scarcity and potential value growth.

• Social Media Impact:

• Social media platforms, especially TikTok, have played a significant role in driving interest in BONK, leading to rapid growth and widespread popularity in a short period.