Established in 2017, KuCoin stands as a prominent cryptocurrency exchange dedicated to facilitating the seamless global exchange of digital assets. Recognized as the “people’s exchange,” KuCoin prioritizes user-friendly design, a simplified registration process, and robust security measures. The exchange proves to be an excellent option for potential BONK investors, offering seamless token purchases and safe storage within what it claims to be one of the safest online wallets globally.
Nearly half of the total supply, i.e. 50 trillion coins, is distributed among those who maintain the Solana blockchain and contribute to the development of the community in any way possible. According to Orca, a DEX built on top of the Solana blockchain, the airdrop resulted in approximately $20 million in trading volume. Since $BONK was listed across a number of popular crypto exchanges on December 30, 2022, the token has grown by over 2,000% in a week.
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- At their core, memecoins allow us to celebrate the raging power of community, encouraging us to dream big and believe that any underdog can make a comeback and get that knockout.
- Since $BONK was listed across a number of popular crypto exchanges on December 30, 2022, the token has grown by over 2,000% in a week.
- BONK was airdropped to investors during Christmas in 2022, but the token was officially made available for public trading in January 2023.
- BONK has swiftly risen to prominence as a top meme coin within the cryptocurrency realm, despite being just about a year old.
If you would like to know where to buy Bonk at the current rate, the top cryptocurrency exchanges for trading in Bonk stock are currently Binance, Bybit, OKX, DOEX, and DigiFinex. However, investors should exercise caution as the token has already experienced substantial price increases. Waiting for a slight correction might be advisable for those seeking more favorable entry points. At present, the project boasts an impressive community base, with over 649,000 holders and more than 100 integrations across various Web3 projects, extending its support to 10 different blockchain networks.
What Is the Circulating Token Supply of BONK?
Operating as a completely remote company without physical offices, Coinbase serves over 100 countries and hosts more than 250 major crypto assets. Binance employs a tiered fee system, ranging from regular users to VIP 9, wherein fees decrease based on the deposited amount and trading volume on the exchange. Regular users encounter a 0.10% maker-taker fee, while BTC and ETH investors trading in the spot market currently enjoy fee-free transactions. We are compensated in exchange for placement of sponsored products and services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range, can also impact how and where products appear on this site.
DOGE was just the first wave though, and many more pixelated moonshots have come and gone since. A highly engaged community can increase demand and usage, potentially driving the BONK to USD price. BONK rewards various members of the Solana community, including NFT enthusiasts, DeFi traders, artists, collectors, and developers. Besides rewarding current Solana community members, BONK aims to attract and introduce new users to web3 concepts like self-custody, decentralized finance (DeFi), NFTs, etc.
Bonk (BONK) Coins Tokenomics
A massive portion of its initial supply was distributed for free to the Solana community, helping generate support and enthusiasm for the project. CoinMarketCap Academy takes a deep dive into Bonk, which claims to be the first Solana dog memecoin "for the people by the people." The BONKDAO announced a special BONKmas rewards program for loyal BONK community members. To participate, you should have at least 1 million BONK tokens in your wallet as of November 30 and check your eligibility here. Participate in the tasks outlined to claim BONKmas rewards between December 24 and December 31, 2023. The extent to which BONK is adopted and used within the Solana ecosystem, especially in dApps, can affect the BONK coin value.
How Many Bonk (BONK) Coins Are There in Circulation?
The second-largest crypto, Ethereum, made a similar move in 2021, when it began burning transaction fees on its network. The Bonk cryptocurrency (symbol BONK) is based on Solana, one of the most popular coins, and so it’s integrated with the larger Solana ecosystem. The coin’s ultra-low price — miniscule fractions of a cent — means that even pocket change can buy you tens of thousands of coins. If Solana attracts more developers and users, it could positively impact the value of BONK coin. 50% of all BONK tokens are airdropped to various community members within the Solana ecosystem – including NFT enthusiasts, DeFi traders, artists, collectors, and developers. Bonk (BONK) is a native utility token of the Bonk ecosystem, designed to be used within this ecosystem as an interoperable utility token.
By not relying on the expensive Ethereum chain, it offers more affordable gas fees, a feature that has captured the interest of a significant portion of crypto enthusiasts looking for reduced transaction costs. Established in 2012 by ex-Airbnb engineer Brian Armstrong and former Goldman Sachs trader Fred Ehrsam, Coinbase stands as one of the earliest and most renowned cryptocurrency exchanges. It garnered attention within the finance industry by becoming the first-ever crypto company to be publicly listed on the stock market. Nevertheless, the exchange often offers promotional events with reduced fees to attract customers, along with other incentives for new signups. Deposits on the platform are free, while withdrawal fees depend on the chosen method and cryptocurrency.
However, a one-pager and bonk-paper are available online outlining token distribution, integration information, and blockchain explorer links. BONK was airdropped randomly to Solana NFT collectors, developers, and artists, other airdrop details remain unknown. Currently, the project has a small digital footprint on the Internet, except for an active twitter account. BONK was airdropped to investors during Christmas in 2022, but the token was officially made available for public trading in January 2023. The meme coin is currently available as a presale and has raised more than $3.5 million already. Those who are interested in Dogecoin20 can visit the official website before the current presale stage ends.
What Is Bonk (BONK) Crypto?
Yes, BONK i s available on multiple centralized exchanges like MEXC, Binance, Coinbase, KuCoin and more. If you are a beginner, we recommend that you check out our guide on how to buy cryptocurrency safely. Meanwhile, check out our Coinbase vs Binance guide to discover the one that delivers the best services among the two.
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. Another key perk of this project is that uk regulators recognise cryptocurrency and ico risks a portion of the treasury has been dedicated to charitable causes, which means the more Dogecoin20 grows, the more people will be helped. Being a community-centric token, Dogecoin20 will also give the community complete control of the asset when the time arises, allowing its ecosystem to grow by itself and leading to the emergence of more utilities. While sharing similarities with other meme tokens, BONK distinguishes itself through its unique attributes. It serves as one of the pioneering Solana-powered meme tokens, diverging from the earlier trends in blockchain technologies.
To commemorate its Airdrop anniversary, the project initiated several competitions and promotional events, further fostering engagement and growth for the token. Overall, BONK has displayed healthy and promising growth, potentially indicating further expansion. As mentioned previously, BONK was initially introduced through an airdrop to many ecosystem participants before its official launch in the market. However, unlike many of its counterparts, the token did not follow a typical price trajectory characterized by sharp rises followed by significant plunges that persist for several years. BONK, as described what is xcf on its website, prioritizes community engagement, evident through its extensive integrations with Web3 partners, ranging from wallets to NFTs and gaming platforms.
With over 180 trading pairs available, the platform offers a vast array of cryptocurrencies within the DeFi, metaverse, and meme sectors. This launch came when the Solana ecosystem sought new growth and community engagement opportunities following a challenging period for the broader cryptocurrency market. Bonk's emergence aimed to provide a fresh impetus to the Solana community, focusing on decentralized and community-driven initiatives. BONK has recently experienced a surge in price, signalling the project’s potential growth in the coming months, particularly amid the current bullish sentiments in the market. Despite a period of stagnation over the past couple of months, the recent upward trend of Solana, the blockchain supporting BONK, has contributed to the token’s value increase. Calling itself “the dog coin of the people,” Bonk coin is a dog-themed cryptocurrency based on the cryptocurrency Solana.
According to the one-pager, BONK is the first dog-themed coin on Solana "for the people, by the people" with 50% of the total supply of the cryptocurrency airdropped to the Solana community. BONK is similar to Shiba Inu (SHIB) and Dogecoin (DOGE) memecoins, it was launched on December 25, 2022, and led to an increase in the price of the SOL token (a rise of 34% in 48 hours). Trading began on December 30, 2022, arousing genuine interest from the crypto community. Founded in 2018, this exchange has swiftly become a primary hub for enthusiasts interested in both popular and lesser-known meme coins. Headquartered in Seychelles, MEXC exchange holds official licenses for representation in countries like the how to buy chiliz USA, Canada, Switzerland, and Australia.
