BonkDAO burn just announced it intends to aggressively burn the circulating supply of its token, BONK, through the recent burning of 100 billion BONK.
BonkDAO Burns 100B BONK
This is in addition to its more significant, ongoing commitment to burn 1 trillion BONK before Christmas in a bold initiative aptly dubbed BURNmas, running from 12:01 am UTC on November 15 to 12:01 am UTC on December 24.
This BonkDAO burn is to reduce the total supply of BONK and make tokens more valuable by creating scarcity. According to BonkDAO, this huge burning event will show dedication to the long-term BONK community and the sustainability of the token’s ecosystem.
1 Trillion BONK to Be Burned by Christmas
BURNmas will be one of the largest, if not the largest, token burns in crypto space: 1 trillion BONK will be burned out of circulation in more than a month. This would significantly dent the overall supply of BONK and reduce inflationary pressure while increasing investor confidence.
The BONK token, which earlier this year tamed the public’s attention with strong support and viral marketing strategies, keeps trying to stand out within a competitive market. This massive burn, if successful, will cement BONK’s status and really show that BonkDAO is committed not just to generating hype but actually taking concrete actions to improve the token’s value proposition.
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